---
schema_version: "secwatch.filing_event.v1"
accession: "0000092380-26-000044"
form_type: "8-K"
ticker: "LUV"
cik: "0000092380"
company_name: "SOUTHWEST AIRLINES CO"
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T05:01:57.450695+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Southwest Airlines Q1 net income $227M, revenue $7.2B record; Q2 EPS guide $0.35-$0.65

## Summary
- Q1 net income $227M ($0.45 EPS), operating revenue $7.2B (record, +12.8% YoY).
- Operating margin 4.6% (+8.1 pts YoY); Q2 adjusted EPS guidance $0.35-$0.65.
- Q1 RASM +11.2% YoY, above guidance; Q2 RASM expected +16.5%-18.5%.
- Q1 fuel cost $2.73/gal, $0.22 EPS headwind vs guidance $2.40; Q2 fuel assumed $4.10-$4.15.
- Returned $1.3B to shareholders via $1.25B buyback and $93M dividends in Q1.

## SEC filing metadata
- accession: 0000092380-26-000044
- form_type: 8-K
- ticker: LUV
- cik: 0000092380
- company_name: SOUTHWEST AIRLINES CO
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92380/000009238026000044/0000092380-26-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92380/000009238026000044/luv-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-26-000044
- JSON: https://secwatch.observer/filing/0000092380-26-000044.json
- Plain text: https://secwatch.observer/filing/0000092380-26-000044.txt

## Key facts
- Earnings Releases
  SOUTHWEST AIRLINES CO updated its first quarter 2026 guidance (reaffirmed).
  - Period: first quarter 2026
  - Guidance: reaffirmed
  - Result: reported results
  source text: On April 22, 2026, the Registrant issued a press release (the "Earnings Press Release") announcing its financial results for first quarter 2026. The Earnings Press Release is furnished herewith as Exhibit 99.1 and is incorporated by reference into this Item 2.02.
  evidence_url: https://www.sec.gov/Archives/edgar/data/92380/000009238026000044/0000092380-26-000044-index.htm

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