{"schema_version":"secwatch.filing_event.v1","accession":"0000092380-25-000003","form_type":"8-K","ticker":"LUV","cik":"0000092380","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-01-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.833858+00:00","generated_at":"2026-05-28T09:38:38.474622+00:00","sec_items":["7.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Southwest Airlines completes sale-leaseback of 35 Boeing 737-800s, receives $871M, expects $92M gain in Q4 2024","bullets":["Gross proceeds of $871M from sale-leaseback of 35 aircraft to BBAM in late December 2024.","Expected realized gains of $92M in Q4 2024, reducing CASM on both GAAP and non-GAAP bases.","Sale-leaseback of the 36th aircraft expected to close in January 2025.","Lease terms range from 26 to 37 months; annual aircraft ownership cost increases ~$2.6M per aircraft.","Proceeds to be used for capital allocation including fleet modernization and shareholder returns."],"urls":{"canonical":"https://secwatch.observer/filing/0000092380-25-000003","json":"https://secwatch.observer/filing/0000092380-25-000003.json","markdown":"https://secwatch.observer/filing/0000092380-25-000003.md","text":"https://secwatch.observer/filing/0000092380-25-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/92380/000009238025000003/0000092380-25-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/92380/000009238025000003/luv-20250107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T09:38:38.474622+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}