secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0000092380-26-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238026000044/0000092380-26-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238026000044/luv-20260422.htm
  HTML page:      https://secwatch.observer/filing/0000092380-26-000044

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