---
schema_version: "secwatch.filing_event.v1"
accession: "0000092380-25-000079"
form_type: "8-K"
ticker: "LUV"
cik: "0000092380"
company_name: "SOUTHWEST AIRLINES CO"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:49:11.732469+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Southwest Airlines Q1 net loss $149M, withdraws FY EBIT guidance on demand softness

## Summary
- Net loss of $149M ($0.26 diluted EPS); adjusted net loss $77M ($0.13 per share).
- Record Q1 revenue $6.4B (+1.6% YoY) driven by all-time record yields; leisure demand weakened.
- Withdraws FY2025 and FY2026 EBIT guidance; full-year capacity now seen up ~1% (prev. 1-2%).
- Q2 unit revenue guidance flat to down 4% YoY; CASM-X +3.5% to 5.5%; fuel $2.20-$2.30/gal.
- Repurchased $1B under $2.5B buyback; expects to complete remaining $1.5B by July 2025.

## SEC filing metadata
- accession: 0000092380-25-000079
- form_type: 8-K
- ticker: LUV
- cik: 0000092380
- company_name: SOUTHWEST AIRLINES CO
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92380/000009238025000079/0000092380-25-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92380/000009238025000079/luv-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-25-000079
- JSON: https://secwatch.observer/filing/0000092380-25-000079.json
- Plain text: https://secwatch.observer/filing/0000092380-25-000079.txt

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