---
schema_version: "secwatch.filing_event.v1"
accession: "0000092380-26-000002"
form_type: "8-K"
ticker: "LUV"
cik: "0000092380"
company_name: "SOUTHWEST AIRLINES CO"
filed_at: "2026-01-28T23:59:59+00:00"
generated_at: "2026-05-16T07:19:08.486366+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Southwest Q4 2025 net income $323M; FY25 adjusted EPS $0.93; guides 2026 adj EPS >=$4.00

## Summary
- Full year 2025 net income $441M ($0.79 EPS); adjusted net income $512M ($0.93 adj EPS).
- FY25 adjusted EBIT $574M, above prior guidance of $500M; record operating revenue $28.1B.
- 2026 adjusted EPS guidance of at least $4.00, implying >300% YoY growth; Q1 adj EPS guidance >=$0.45.
- Returned $2.9B to shareholders via $2.6B buybacks and $399M dividends in 2025.
- Implemented assigned seating, bag fees, basic economy, and other transformation initiatives.

## SEC filing metadata
- accession: 0000092380-26-000002
- form_type: 8-K
- ticker: LUV
- cik: 0000092380
- company_name: SOUTHWEST AIRLINES CO
- filed_at: 2026-01-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92380/000009238026000002/0000092380-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92380/000009238026000002/luv-20260128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-26-000002
- JSON: https://secwatch.observer/filing/0000092380-26-000002.json
- Plain text: https://secwatch.observer/filing/0000092380-26-000002.txt

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