secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0000092380-25-000059
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest cuts Q1 RASM guidance to +2-4% (prev +5-7%); announces bag fees & Basic fare
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238025000059/0000092380-25-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238025000059/luv-20250311.htm
  HTML page:      https://secwatch.observer/filing/0000092380-25-000059

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