secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0000092380-25-000079
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238025000079/0000092380-25-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238025000079/luv-20250423.htm
  HTML page:      https://secwatch.observer/filing/0000092380-25-000079

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