Southwest Airlines Company
30.66-0.43 (-1.38%)
Oct 29, 4:00:02 PM EDT · NYSE · LUV · USD
Key Stats
Market Cap
15.86BP/E (TTM)
48.67Basic EPS (TTM)
0.63Dividend Yield
0.02%Recent Filings
8-K
Record Q3 revenue, initiatives progress
Southwest Airlines posted record Q3 2025 operating revenues of $6.9 billion, up 1.1% year-over-year, with net income of $54 million exceeding expectations on stronger unit revenues and cost control. Transformational initiatives advanced, including assigned seating sales launching January 27, 2026, and over 400 aircraft retrofitted for extra legroom, while reaffirming full-year EBIT guidance of $600 million to $800 million. Initiatives ramp up. Fuel costs hit $2.40 per gallon, but demand inflected positively in July.
10-Q
Q2 FY2025 results
Southwest Airlines amended its Boeing purchase agreement via Supplemental Agreement 24, executed May 30, 2025, substituting 11 Boeing 737-7 aircraft for 737-8 models with deliveries slated for two in May 2025, three in June 2025, and six in August 2025. This shift adds to 153 prior substitutions from January 2023 through August 2025, reflecting adaptive fleet planning amid production timelines. The company also exercised seven 2020 and eight 2021 option aircraft, now rescheduled as 737-7 deliveries starting April 2026 through July 2026, bolstering long-term capacity. Advance payments continue per original terms. Fleet growth accelerates. Regulatory hurdles shadow certification timelines.
8-K
Southwest Q2 earnings and buyback
Southwest Airlines posted Q2 2025 net income of $213 million, down from last year amid softer demand, yet initiatives like bag fees and basic economy drove revenue exceeding expectations with no operational hit. The board greenlit a fresh $2.0 billion share buyback over two years, signaling faith in the transformation plan. Initiatives on track for $1.8 billion EBIT boost this year. Buybacks underscore execution confidence.
8-K
Shareholders back board, auditors
Southwest Airlines shareholders overwhelmingly elected all 13 director nominees at the May 14, 2025 annual meeting, with votes for ranging from 405 million to 417 million amid 81 million broker non-votes. They ratified Ernst & Young as auditors for 2025 with near-unanimous support of 495 million votes, while advisory approval of executive compensation passed at 401 million votes. A shareholder push to expand the clawback policy on unearned pay failed decisively, drawing just 22 million votes. Board continuity holds firm.
8-K
Bylaws tighten shareholder litigation rules
Southwest Airlines amended its bylaws on May 16, 2025, to align with Texas Business Organizations Code updates, raising the ownership threshold for shareholders to initiate derivative proceedings to 3% of common stock. The changes also designate the U.S. District Court for the Northern District of Texas—or the Texas Business Court in Dallas—as the exclusive forum for internal entity claims, while mandating jury trial waivers for such disputes. These provisions bind all shareholders upon acquiring stock. Derivative suits now face steeper hurdles.
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