{"schema_version":"secwatch.filing_event.v1","accession":"0000092380-25-000059","form_type":"8-K","ticker":"LUV","cik":"0000092380","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2025-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.836001+00:00","generated_at":"2026-05-25T00:35:52.998611+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Southwest cuts Q1 RASM guidance to +2-4% (prev +5-7%); announces bag fees & Basic fare","bullets":["Q1 RASM seen +2-4% YoY (prev +5-7%); macro softening, wildfires, less gov't travel cited.","Q1 CASM-X guided +~6% YoY (prev +7-9%); lower costs shifted later in year.","Fuel cost per gallon expected $2.35-2.45 (prev $2.50-2.60).","New bag fees: two free bags for A-List Preferred/Business Select, one for A-List/Cardmembers; others charged first two bags starting May 28.","Basic fare on lowest-priced tickets; flight credits expire 1 yr (Basic: 6 mo); Expedia distribution began."],"urls":{"canonical":"https://secwatch.observer/filing/0000092380-25-000059","json":"https://secwatch.observer/filing/0000092380-25-000059.json","markdown":"https://secwatch.observer/filing/0000092380-25-000059.md","text":"https://secwatch.observer/filing/0000092380-25-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/92380/000009238025000059/0000092380-25-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/92380/000009238025000059/luv-20250311.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T00:35:52.998611+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"}