secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0000092380-25-000003
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238025000003/0000092380-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238025000003/luv-20250107.htm
  HTML page:      https://secwatch.observer/filing/0000092380-25-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer