---
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"
generated_at: "2026-05-28T09:38:38.474622+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Southwest Airlines completes sale-leaseback of 35 Boeing 737-800s, receives $871M, expects $92M gain in Q4 2024

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-25-000003
- JSON: https://secwatch.observer/filing/0000092380-25-000003.json
- Plain text: https://secwatch.observer/filing/0000092380-25-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.