Southwest Airlines Q3 2024 Update
Ticker: LUV · Form: 10-Q · Filed: 2024-10-28T00:00:00.000Z
Sentiment: neutral
Topics: earnings, airline, transportation, financials
Related Tickers: AAL, UAL, DAL, ALK
TL;DR
Southwest Airlines filed its Q3 2024 10-Q, detailing passenger and cargo revenues. Full financials available.
AI Summary
Southwest Airlines Co. reported its third quarter 2024 results, ending September 30, 2024. The company's filing details operational and financial performance for the period, including passenger and cargo revenue segments. Specific financial figures and operational metrics are provided for the third quarter and the year-to-date period.
Why It Matters
This filing provides investors and analysts with the latest financial and operational data for Southwest Airlines, crucial for understanding the company's performance in the current economic climate and its outlook for the remainder of the year.
Risk Assessment
Risk Level: medium — Airline industry is subject to volatile fuel prices, economic downturns, and regulatory changes, all of which can significantly impact financial performance.
Key Numbers
- 2024-09-30 — Reporting Period End (Third Quarter 2024)
- 2024-01-01 — Year-to-Date Start (Nine Months Ended September 30, 2024)
- 2023-09-30 — Prior Year Period End (Third Quarter 2023)
Key Players & Entities
- SOUTHWEST AIRLINES CO (company) — Filer
- 20240930 (date) — Reporting Period End Date
- 20241028 (date) — Filing Date
- DALLAS (location) — Company Headquarters City
- TX (location) — Company Headquarters State
FAQ
What were Southwest Airlines' total revenues for the third quarter of 2024?
The filing indicates revenue data for the period ending September 30, 2024, but specific total revenue figures are not explicitly stated in the provided text snippet.
How did passenger revenue compare between Q3 2024 and Q3 2023?
The filing includes data points for 'us-gaap:PassengerMember' for both '2024-07-01 2024-09-30' and '2023-07-01 2023-09-30', suggesting a comparison is available within the full document.
What is Southwest Airlines' fiscal year end?
Southwest Airlines' fiscal year ends on December 31st ('1231').
Where is Southwest Airlines headquartered?
Southwest Airlines is headquartered in Dallas, Texas ('CITY: DALLAS STATE: TX').
What type of business is Southwest Airlines primarily involved in?
Southwest Airlines is primarily involved in 'AIR TRANSPORTATION, SCHEDULED' as indicated by its Standard Industrial Classification code [4512].
From the Filing
0000092380-24-000147.txt : 20241028 0000092380-24-000147.hdr.sgml : 20241028 20241025195952 ACCESSION NUMBER: 0000092380-24-000147 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 79 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241028 DATE AS OF CHANGE: 20241025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWEST AIRLINES CO CENTRAL INDEX KEY: 0000092380 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 741563240 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-07259 FILM NUMBER: 241398204 BUSINESS ADDRESS: STREET 1: 2702 LOVE FIELD DR STREET 2: P O BOX 36611 CITY: DALLAS STATE: TX ZIP: 75235 BUSINESS PHONE: 2147924000 MAIL ADDRESS: STREET 1: PO BOX 36611 CITY: DALLAS STATE: TX ZIP: 75235-1611 FORMER COMPANY: FORMER CONFORMED NAME: AIR SOUTHWEST CO DATE OF NAME CHANGE: 19760108 10-Q 1 luv-20240930.htm 3RD QUARTER 2024 FORM 10-Q luv-20240930 0000092380 12/31 2024 Q3 false http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense 0.02 0.02 0.02 0.0259909 0.0271951 0.0001 0.017 xbrli:shares iso4217:USD iso4217:USD xbrli:shares luv:flight utr:gal xbrli:pure luv:aircraft luv:right 0000092380 2024-01-01 2024-09-30 0000092380 2024-10-24 0000092380 2024-09-30 0000092380 2023-12-31 0000092380 us-gaap:PassengerMember 2024-07-01 2024-09-30 0000092380 us-gaap:PassengerMember 2023-07-01 2023-09-30 0000092380 us-gaap:PassengerMember 2024-01-01 2024-09-30 0000092380 us-gaap:PassengerMember 2023-01-01 2023-09-30 0000092380 us-gaap:CargoAndFreightMember 2024-07-01 2024-09-30 0000092380 us-gaap:CargoAndFreightMember 2023-07-01 2023-09-30 0000092380 us-gaap:CargoAndFreightMember 2024-01-01 2024-09-30 0000092380 us-gaap:CargoAndFreightMember 2023-01-01 2023-09-30 0000092380 us-gaap:ProductAndServiceOtherMember 2024-07-01 2024-09-30 0000092380 us-gaap:ProductAndServiceOtherMember 2023-07-01 2023-09-30 0000092380 us-gaap:ProductAndServiceOtherMember 2024-01-01 2024-09-30 0000092380 us-gaap:ProductAndServiceOtherMember 2023-01-01 2023-09-30 0000092380 2024-07-01 2024-09-30 0000092380 2023-07-01 2023-09-30 0000092380 2023-01-01 2023-09-30 0000092380 us-gaap:CommonStockMember 2023-12-31 0000092380 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000092380 us-gaap:RetainedEarningsMember 2023-12-31 0000092380 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000092380 us-gaap:TreasuryStockCommonMember 2023-12-31 0000092380 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000092380 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0000092380 2024-01-01 2024-03-31 0000092380 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000092380 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000092380 us-gaap:CommonStockMember 2024-03-31 0000092380 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000092380 us-gaap:RetainedEarningsMember 2024-03-31 0000092380 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000092380 us-gaap:TreasuryStockCommonMember 2024-03-31 0000092380 2024-03-31 0000092380 us-gaap:AdditionalPaidInCapitalMember 2024-04-01 2024-06-30 0000092380 us-gaap:TreasuryStockCommonMember 2024-04-01 2024-06-30 0000092380 2024-04-01 2024-06-30 0000092380 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0000092380 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-01 2024-06-30 0000092380 us-gaap:CommonStockMember 2024-06-30 0000092380 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0000092380 us-gaap:RetainedEarningsMember 2024-06-30 0000092380 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0000092380 us-gaap:TreasuryStockCommonMember 2024-06-30 0000092380 2024-06-30 0000092380 us-gaap:AdditionalPaidInCapitalMember