Recent 8-K filings for LUV

• May 19, 2026, 4:30 PM ET debt materiality 0.60 neutral item 1.01item 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.

• April 22, 2026, 7:59 PM ET earnings materiality 0.75 positive item 2.02item 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 1.01item 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.

• January 28, 2026, 6:59 PM ET earnings materiality 0.85 positive item 2.02item 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 1.01item 2.03item 8.01item 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 2.02item 7.01item 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 2.02item 7.01item 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).

• April 23, 2025, 7:59 PM ET earnings materiality 0.75 negative item 2.02item 7.01item 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 11, 2025, 7:59 PM ET other material materiality 0.85 neutral item 7.01item 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 1.01item 7.01item 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 2.05item 7.01item 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).

• January 30, 2025, 6:59 PM ET earnings materiality 0.85 positive item 2.02item 7.01item 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 10, 2025, 6:59 PM ET leadership materiality 0.60 neutral item 5.02item 7.01item 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%.

• October 25, 2024, 7:59 PM ET other material materiality 0.65 neutral item 1.01item 3.03item 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 2.02item 7.01item 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 1.01item 5.02item 7.01item 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 7.01item 8.01item 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 5.02item 7.01item 8.01item 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 10, 2024, 7:59 PM ET leadership materiality 0.80 positive item 5.02item 7.01item 8.01item 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 2.02item 7.01item 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 3, 2024, 7:59 PM ET other material materiality 0.75 neutral item 1.01item 3.03item 7.01item 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 1, 2024, 7:59 PM ET leadership materiality 0.60 neutral item 5.02item 7.01item 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 2.02item 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 7.01item 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.

• January 25, 2024, 6:59 PM ET earnings materiality 0.85 positive item 2.02item 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 2.02item 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 1.01item 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 2.02item 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.

• 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%.

Executive changes

Earnings & guidance

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