LUV SOUTHWEST AIRLINES CO

CIK 0000092380 50 ready 8-Ks latest May 19, 2026, 4:30 PM ET RSS · JSON

Activity: QUIET 0 filings / 30d vs 1 baseline

Ready 8-Ks 50

Latest filing May 19, 2026, 4:30 PM ET

Top materiality 0.90

Event mix other_material ×19 · earnings ×14 · leadership ×11

Sentiment 13 pos · 6 neg · 31 neu

Latest earnings ▼ miss 2026-Q1

Executive change recent →

Recent 8-K filings for LUV

Highest-materiality recent filing

Southwest Q2 net income $367M ($0.58 EPS); announces assigned seating, redeye flights

July 25, 2024, 7:59 PM ET earnings materiality 0.90 negative item 2.02 item 7.01 item 9.01

Net income $367M ($0.58 diluted EPS); record revenue $7.4B but unit revenue down 3.8% YoY.
Q3 RASM guidance flat to down 2% YoY; Q4 capacity to decrease 4% YoY; expects positive unit revenue inflection by Q4.

Read filing →

May 19, 2026, 4:30 PM ET debt materiality 0.60 neutral item 1.01 item 2.03 ◈ Debt Financings

Southwest Airlines increases term loan facility by $1.0B to $1.5B total outstanding

Entered Increase Joinder adding $1.0B incremental term loans; total term loan outstanding now $1.5B.
May 11, 2026, 4:24 PM ET other material materiality 0.15 neutral item 5.07 ◈ Shareholder Votes ×3

Southwest annual meeting elects all 11 directors; Reynolds gets 38.6% votes against

Christopher P. Reynolds received 230.6M for (61.4%) and 145.9M against (38.6%) in director election.
April 22, 2026, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01 ◈ Earnings Releases

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

Q1 net income $227M ($0.45 EPS), operating revenue $7.2B (record, +12.8% YoY).
March 12, 2026, 7:59 PM ET debt materiality 0.60 neutral item 1.01 item 2.03 ◈ Debt Financings

Southwest Airlines enters $500M term loan facility secured by aircraft

$500M senior secured term loan drawn in full on March 11, 2026.
February 10, 2026, 6:59 PM ET leadership materiality 0.40 neutral item 5.02

Southwest directors Cush and Saretsky resign effective Feb 23, 2026

C. David Cush and Gregg A. Saretsky resigned from the Board on Feb 9, 2026, effective Feb 23, 2026.
January 28, 2026, 6:59 PM ET earnings materiality 0.85 positive item 2.02 item 9.01

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

Full year 2025 net income $441M ($0.79 EPS); adjusted net income $512M ($0.93 adj EPS).
December 5, 2025, 6:59 PM ET other material materiality 0.80 negative item 7.01

Southwest Airlines cuts FY2025 EBIT guidance to ~$500M from $600-800M range

FY2025 EBIT guidance lowered to approximately $500 million, down from prior range of $600-$800 million.
November 3, 2025, 6:59 PM ET debt materiality 0.60 neutral item 1.01 item 2.03 item 8.01 item 9.01

Southwest Airlines closes $1.5B debt offering: 4.375% notes due 2028 and 5.250% notes due 2035

Issued $1.5B aggregate principal: $750M of 4.375% Notes due 2028 and $750M of 5.250% Notes due 2035.
October 22, 2025, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 7.01 item 9.01

Southwest Q3 net income $54M, record revenue $6.9B; reaffirms FY25 EBIT guidance

Net income $54M ($0.10 diluted EPS); adjusted net income $58M ($0.11 diluted EPS).
July 23, 2025, 7:59 PM ET earnings materiality 0.80 positive item 2.02 item 7.01 item 9.01

Southwest Q2 net income $213M ($0.39 EPS); launches $2B buyback; bag fees exceed expectations

Q2 net income $213M (diluted EPS $0.39); adjusted net income $230M (adjusted EPS $0.43).
May 19, 2025, 7:59 PM ET other material materiality 0.15 neutral item 5.07

Southwest Airlines shareholders elect all 13 directors, approve Say on Pay, reject clawback proposal

All 13 director nominees elected with votes for ranging from 405M to 417M; Robert E. Jordan received 405,379,258 for.
May 19, 2025, 7:59 PM ET other material materiality 0.25 neutral item 3.03 item 5.03 item 9.01 ◈ Governance Changes

Southwest Airlines amends bylaws to require 3% ownership for derivative suits

New bylaw requires shareholder to beneficially own 3% of outstanding common stock to institute a derivative proceeding.
April 23, 2025, 7:59 PM ET earnings materiality 0.75 negative item 2.02 item 7.01 item 9.01

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

Net loss of $149M ($0.26 diluted EPS); adjusted net loss $77M ($0.13 per share).
March 31, 2025, 7:59 PM ET leadership materiality 0.25 neutral item 5.02 ◈ executive_change ×2

Southwest Airlines appoints J. Ryan Martinez as principal accounting officer effective April 1

J. Ryan Martinez named principal accounting officer effective April 1, 2025, succeeding Tammy Romo who steps down from that role.
March 11, 2025, 7:59 PM ET other material materiality 0.85 neutral item 7.01 item 9.01

Southwest cuts Q1 RASM guidance to +2-4% (prev +5-7%); announces bag fees & Basic fare

Q1 RASM seen +2-4% YoY (prev +5-7%); macro softening, wildfires, less gov't travel cited.
February 19, 2025, 6:59 PM ET other material materiality 0.70 neutral item 1.01 item 7.01 item 9.01

Southwest amends Elliott cooperation pact; transformation officer to leave

Elliott can now acquire up to 19.9% aggregate economic exposure (was 14.9%) in LUV common stock.
February 18, 2025, 6:59 PM ET other material materiality 0.70 neutral item 2.05 item 7.01 item 9.01 ◈ Restructurings & Charges

Southwest Airlines to cut 1,750 corporate roles (15% of positions) by Q2 2025; expects $300M annual savings

Approximately 1,750 roles eliminated, focused on corporate overhead and leadership (15% of corporate positions, 11 senior VP+ roles).
February 10, 2025, 6:59 PM ET leadership materiality 0.50 neutral item 5.02 item 7.01 item 9.01 ◈ executive_change ×2

Southwest Airlines appoints Tom Doxey as CFO effective March 10, 2025

Tom Doxey named EVP & CFO effective March 10, 2025, succeeding Tammy Romo.
February 7, 2025, 6:59 PM ET leadership materiality 0.30 neutral item 5.02 ◈ executive_change ×2

Two Southwest directors to retire after 2025 Annual Meeting per Elliott agreement

Eduardo F. Conrado and Elaine Mendoza will not stand for re-election at 2025 Annual Meeting and retire immediately after.
January 30, 2025, 6:59 PM ET earnings materiality 0.85 positive item 2.02 item 7.01 item 9.01

Southwest Q4 net income $261M, record revenue $6.9B; launches $750M buyback

Q4 net income $261M ($0.42 diluted EPS); adjusted net income $356M ($0.56).
January 27, 2025, 6:59 PM ET debt materiality 0.30 neutral item 7.01 item 9.01

Southwest Airlines elects cash settlement for 1.250% convertible notes due 2025

Default settlement method changed to Cash Settlement for 1.250% convertible senior notes due 2025.
January 10, 2025, 6:59 PM ET leadership materiality 0.60 neutral item 5.02 item 7.01 item 9.01 ◈ executive_change ×2

Southwest CFO Tammy Romo and CAO Linda Rutherford retire effective April 1, 2025

CFO Tammy Romo resigns after 33 years; CFO role since 2012; search for replacement underway.
January 7, 2025, 6:59 PM ET other material materiality 0.60 positive item 7.01

Southwest Airlines completes sale-leaseback of 35 Boeing 737-800s, receives $871M, expects $92M gain in Q4 2024

Gross proceeds of $871M from sale-leaseback of 35 aircraft to BBAM in late December 2024.
December 5, 2024, 6:59 PM ET earnings materiality 0.75 positive item 7.01

Southwest raises Q4 2024 revenue guidance, plans additional $750M share repurchase

RASM (unit revenue) now expected up 5.5%-7.0% YoY vs prior 3.5%-5.5%.
November 7, 2024, 6:59 PM ET leadership materiality 0.40 neutral item 5.02 ◈ executive_change ×7

Southwest Airlines appoints six new directors and names Rakesh Gangwal as independent Board Chair

Six new directors appointed effective Nov 1, 2024: Pierre Breber, David Cush, Sarah Feinberg, David Grissen, Gregg Saretsky, Patricia Watson.
October 25, 2024, 7:59 PM ET other material materiality 0.65 neutral item 1.01 item 3.03 item 9.01

Southwest Airlines terminates shareholder rights plan (poison pill) effective Oct 25, 2024

Company and Equiniti Trust amended the Rights Agreement to advance expiration to 5:00 PM ET on Oct 25, 2024.
October 24, 2024, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 7.01 item 9.01

Southwest Q3 net income $67M ($0.11 EPS); record revenue $6.9B; launches $250M buyback

Diluted EPS $0.11; adjusted EPS $0.15; operating revenues $6.9B, up 5.3% YoY.
October 24, 2024, 7:59 PM ET other material materiality 0.85 positive item 1.01 item 5.02 item 7.01 item 9.01 ◈ executive_change ×8

Southwest settles with Elliott, adds 6 directors; Gary Kelly retires Nov 1

Cooperation agreement with Elliott ends special meeting request; 5 new directors from Elliott, plus Pierre Breber appointed.
September 26, 2024, 7:59 PM ET other material materiality 0.85 positive item 7.01 item 8.01 item 9.01

Southwest announces $2.5B buyback, shifts to assigned seating, targets $4B EBIT by 2027

Board authorized $2.5B share repurchase program, replacing May 2019 program.
September 26, 2024, 7:59 PM ET leadership materiality 0.65 neutral item 5.02 item 7.01 item 8.01 item 9.01 ◈ executive_change

Southwest Airlines appoints Robert Fornaro to board; six director retirements set for Nov

Robert Fornaro, former CEO of AirTran and Spirit Airlines, appointed to board effective Sept. 26, 2024.
September 25, 2024, 7:59 PM ET litigation materiality 0.50 positive item 7.01

Southwest SLC recommends dismissal of derivative suits over Dec 2022 meltdown

Special Litigation Committee (SLC) concluded it is not in company's best interests to pursue derivative claims related to December 2022 service disruption.
September 10, 2024, 7:59 PM ET leadership materiality 0.80 positive item 5.02 item 7.01 item 8.01 item 9.01 ◈ executive_change ×7

Southwest announces 7 board departures, plans 4 new directors; Kelly to retire after 2025 AGM

Gary Kelly to retire as Executive Chairman and from Board after 2025 Annual Meeting.
July 25, 2024, 7:59 PM ET earnings materiality 0.90 negative item 2.02 item 7.01 item 9.01

Southwest Q2 net income $367M ($0.58 EPS); announces assigned seating, redeye flights

Net income $367M ($0.58 diluted EPS); record revenue $7.4B but unit revenue down 3.8% YoY.
July 9, 2024, 7:59 PM ET leadership materiality 0.30 neutral item 5.02 ◈ executive_change

Southwest Airlines appoints Rakesh Gangwal to board effective July 7, 2024

Rakesh Gangwal, co-founder of IndiGo (India's largest airline), joined Southwest's board effective July 7, 2024.
July 3, 2024, 7:59 PM ET other material materiality 0.75 neutral item 1.01 item 3.03 item 7.01 item 9.01

Southwest adopts poison pill after Elliott builds ~11% stake; rights trigger at 12.5%

Rights plan effective July 2, 2024, expires in one year; dividend of one Right per share to holders of record July 15.
June 26, 2024, 7:59 PM ET other material materiality 0.80 negative item 7.01

Southwest cuts Q2 RASM guidance to down 4.0-4.5% vs prior down 1.5-3.5%

RASM now expected down 4.0-4.5% YoY; prior view was 1.5-3.5% decline; still forecasts all-time quarterly record operating revenue.
May 20, 2024, 7:59 PM ET other material materiality 0.50 neutral item 5.02 item 5.07 item 9.01 ◈ Shareholder Votes ×6

Southwest shareholders approve amended equity plan with 4.75M share increase; all directors elected

Shareholders approved amended 2007 Equity Incentive Plan; share reserve increased by 4.75M to 36.25M shares.
May 1, 2024, 7:59 PM ET leadership materiality 0.60 neutral item 5.02 item 7.01 item 9.01 ◈ executive_change

Southwest Airlines leadership changes: Shaw to Advisor, Van Eaton and Novota promoted

Mark Shaw resigns as EVP & Chief Legal & Regulatory Officer and Corporate Secretary effective June 1, 2024; becomes Executive Advisor.
April 25, 2024, 7:59 PM ET earnings materiality 0.80 negative item 2.02 item 9.01 ◈ Earnings Releases

Southwest Q1 net loss $231M; record revenue $6.3B; Boeing 737 deliveries cut to ~20

Net loss $231M ($0.39 diluted loss); adjusted loss $218M ($0.36 diluted).
March 12, 2024, 7:59 PM ET other material materiality 0.85 negative item 7.01 item 9.01

Southwest cuts Q1 RASM guidance, expects net loss; Boeing delivery delay reduces capacity plans

Q1 RASM guidance cut to flat-to-up-2% (prev 2.5-4.5%); expects Q1 net loss, but profitability in March.
February 6, 2024, 6:59 PM ET earnings materiality 0.55 neutral item 2.02 item 7.01 item 9.01 ◈ Earnings Releases

Southwest Airlines updates Q4 2023 with additional $51M pilot bonus expense; lowers 2024 CASM-X guidance

Additional $51M expense accrued in Q4 2023 for pilot ratification bonus and payroll taxes.
January 25, 2024, 6:59 PM ET earnings materiality 0.85 positive item 2.02 item 9.01

Southwest Q4 GAAP loss $0.37/sh but adjusted profit $0.37; record revenue; 2024 margin expansion expected

Q4 GAAP net loss $219M ($0.37/sh); adjusted net income $233M ($0.37/sh); full-year adjusted EPS $1.57.
December 13, 2023, 6:59 PM ET other material materiality 0.60 neutral item 7.01

Southwest narrows Q4 RASM guidance to down 9-10%, raises fuel cost view to $3.00-3.10

Q4 RASM year-over-year guidance improved to down 9-10% from prior down 9-11%.
October 26, 2023, 7:59 PM ET earnings materiality 0.75 neutral item 2.02 item 9.01 ◈ Earnings Releases

Southwest Q3 EPS $0.31 ($0.38 adj), record rev $6.5B; lowers Q1 2024 capacity growth to 10-12%

Net income $193M ($0.31 diluted EPS); ex-special items $240M ($0.38). Record Q3 revenue $6.5B (+4.9% YoY).
September 6, 2023, 7:59 PM ET other material materiality 0.70 neutral item 7.01

Southwest narrows Q3 RASM guidance to down 5%-7%, raises fuel cost outlook

RASM now expected down 5%-7% YoY vs prior down 3%-7% range.
August 4, 2023, 7:59 PM ET debt materiality 0.60 neutral item 1.01 item 2.03 ◈ Debt Financings

Southwest Airlines amends revolving credit facility, extends maturity to Aug 2028

Extended maturity of revolving credit facility from Aug 2025 to Aug 4, 2028.
July 27, 2023, 7:59 PM ET earnings materiality 0.80 neutral item 2.02 item 9.01 ◈ Earnings Releases

Southwest Q2 net income $683M ($1.08 EPS); record revenue $7.0B; sees 3Q RASM down 3-7%

Net income $683M, diluted EPS $1.08; adjusted net income $693M, EPS $1.09.
July 19, 2023, 7:59 PM ET leadership materiality 0.30 neutral item 5.02 ◈ executive_change

Southwest appoints former U.S. Senator Roy Blunt to board effective July 16, 2023

Roy Blunt, former U.S. Senator and current Chairman of Husch Blackwell Strategies, appointed to Board of Directors.
June 1, 2023, 7:59 PM ET other material materiality 0.60 neutral item 7.01

Southwest narrows Q2 RASM guidance to -8% to -10%; fuel cost raised to ~$2.55/gal

RASM year-over-year guidance narrowed to down 8%–10% from down 8%–11%.
May 19, 2023, 7:59 PM ET other material materiality 0.15 neutral item 5.07 ◈ Shareholder Votes ×6

Southwest Airlines annual meeting results: all directors elected, shareholder proposals fail

All 14 director nominees elected with majority support; broker non-votes of ~96.7M shares.

Executive changes

Role change

Tammy Romo

Principal Accounting Officer

LUV · SOUTHWEST AIRLINES CO

Effective: 2025-04-01
Successor: J. Ryan Martinez
Filed: March 31, 2025, 7:59 PM ET

at which time Tammy Romo will step down from that role

Appointed

J. Ryan Martinez

Principal Accounting Officer

LUV · SOUTHWEST AIRLINES CO

Effective: 2025-04-01
Filed: March 31, 2025, 7:59 PM ET

the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”) unanimously appointed J. Ryan Martinez to assume the responsibilities of the Company’s principal accounting officer, effective April 1, 2025

Departed

Tammy Romo

Executive Vice President & Chief Financial Officer

LUV · SOUTHWEST AIRLINES CO

Effective: 2025-03-10
Successor: Tom Doxey
Filed: February 10, 2025, 6:59 PM ET

Ms. Romo will step down from that role

Appointed

Tom Doxey

Executive Vice President & Chief Financial Officer

LUV · SOUTHWEST AIRLINES CO

Effective: 2025-03-10
Filed: February 10, 2025, 6:59 PM ET

unanimously elected Tom Doxey to succeed Tammy Romo as Executive Vice President & Chief Financial Officer

Departed

Eduardo F. Conrado

Director

LUV · SOUTHWEST AIRLINES CO

Filed: February 7, 2025, 6:59 PM ET

On February 4, 2025, Eduardo F. Conrado and Elaine Mendoza, each a member of the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”), notified the Company and the Board that they will not stand for re-election at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will retire from the Board effective immediately following the 2025 Annual Meeting.

Departed

Elaine Mendoza

Director

LUV · SOUTHWEST AIRLINES CO

Filed: February 7, 2025, 6:59 PM ET

On February 4, 2025, Eduardo F. Conrado and Elaine Mendoza, each a member of the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”), notified the Company and the Board that they will not stand for re-election at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will retire from the Board effective immediately following the 2025 Annual Meeting.

Departed

Linda Rutherford

Chief Administration Officer

LUV · SOUTHWEST AIRLINES CO

Effective: 2025-04-01
Filed: January 10, 2025, 6:59 PM ET

On January 8, 2025, Linda Rutherford, Chief Administration Officer of the Company, submitted her resignation from the position of Chief Administration Officer, effective April 1, 2025.

Departed

Tammy Romo

Executive Vice President & Chief Financial Officer

LUV · SOUTHWEST AIRLINES CO

Effective: 2025-04-01
Filed: January 10, 2025, 6:59 PM ET

On January 7, 2025, Tammy Romo, Executive Vice President & Chief Financial Officer of Southwest Airlines Co. (the “Company”), submitted her resignation from the position of Executive Vice President & Chief Financial Officer, effective April 1, 2025.

Appointed

Rakesh Gangwal

Independent Chair of the Board

LUV · SOUTHWEST AIRLINES CO

Effective: 2024-11-01
Filed: November 7, 2024, 6:59 PM ET

the Board appointed Rakesh Gangwal as independent Chair of the Board, effective 11:59 p.m. Central Time on November 1, 2024.

Appointed

David Cush

Director

LUV · SOUTHWEST AIRLINES CO

Effective: 2024-11-01
Filed: November 7, 2024, 6:59 PM ET

Pierre Breber, David Cush, Sarah Feinberg, David Grissen, Gregg Saretsky and Patricia Watson (the “New Directors”) were each appointed to the Company’s Board of Directors (the “Board”), effective 11:59 p.m. Central Time on November 1, 2024.

Appointed

Sarah Feinberg

Director

LUV · SOUTHWEST AIRLINES CO

Effective: 2024-11-01
Filed: November 7, 2024, 6:59 PM ET

Pierre Breber, David Cush, Sarah Feinberg, David Grissen, Gregg Saretsky and Patricia Watson (the “New Directors”) were each appointed to the Company’s Board of Directors (the “Board”), effective 11:59 p.m. Central Time on November 1, 2024.

Appointed

Patricia Watson

Director

LUV · SOUTHWEST AIRLINES CO

Effective: 2024-11-01
Filed: November 7, 2024, 6:59 PM ET

Pierre Breber, David Cush, Sarah Feinberg, David Grissen, Gregg Saretsky and Patricia Watson (the “New Directors”) were each appointed to the Company’s Board of Directors (the “Board”), effective 11:59 p.m. Central Time on November 1, 2024.

Earnings & guidance

2026-Q1 EPS reported $0.45 vs consensus $0.48 ▼ miss (-5.8%) filing →

Materiality & sentiment trend

Max materiality 0.90 · Median 0.65 · Most common event other_material

13 positive 6 negative 31 neutral

source · LUV on sec.gov