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Southwest Airlines Co
XMUN:SWN

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Southwest Airlines Co
XMUN:SWN
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Price: 37.37 EUR Market Closed
Market Cap: €22.3B

Southwest Airlines Co
Investor Relations

Southwest Airlines is a U.S. airline that carries passengers and their checked bags on domestic and some international routes. It sells airline seats directly to travelers through its website, app, call centers, and travel partners, and it also sells related services such as seat upgrades, baggage fees, and credit card and loyalty program partnerships. Its main customers are leisure travelers, families, and business travelers who want point-to-point flights without the hub-and-spoke model used by many larger airlines. Southwest is known for a simple service model: one aircraft type, open seating, and a large focus on quick turnarounds and frequent flights between major U.S. city pairs. The company makes money mostly from passenger fares, then adds revenue from extras and partner deals. Its business role in the industry is different because it tries to keep its operation simple and efficient, which helps it offer a low-friction travel experience and avoid some of the complexity that comes with running many aircraft types, assigned seating, and large connecting hubs.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 23, 2026
AI Summary
Q1 2026

Bottom line: Southwest said its full set of transformation initiatives is now in place and is driving stronger demand, better pricing, and meaningful margin expansion.

Q1 results: First-quarter EPS was $0.45, in line with guidance, while operating margin rose to 4.6% and operating cash flow reached $1.4 billion.

Revenue strength: Q1 RASM increased 11.2% and came in well above the company’s at-least 9.5% guide, with first-quarter operating revenue hitting a record $7.2 billion.

Outlook: Southwest kept its full-year adjusted EPS guide at $4 but said it would not update the guidance now because fuel prices are highly volatile; second-quarter EPS is expected to be $0.35 to $0.65.

Cost control: Q1 CASM-X rose only 2.3%, below the 3.5% guide, and management said the cost improvement is structural rather than temporary.

Network actions: The airline is cutting weaker flying, including suspending operations at Chicago O'Hare and Washington Dulles, and now expects full-year capacity growth of about 2%.

Key Financials
Earnings per share
$0.45
Operating margin
4.6%
Operating cash flow
$1.4 billion
Operating revenue
$7.2 billion
RASM
11.2%
CASM-X
2.3%
Fuel price
$2.73 per gallon
Liquidity
$4.8 billion
Leverage ratio
2.2x
Share repurchases
$1.25 billion
Dividends
$93 million
Capacity growth
approximately 2%
Fuel headwind
$0.22 per share
Managed corporate revenue
16%
Rapid Rewards enrollments
37%
Tier-status earners
62%
Yield
11.6%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Robert E. Jordan
President, CEO & Vice Chairman of the Board
No Bio Available
Ms. Tammy Romo
Executive VP & CFO
No Bio Available
Mr. Andrew M. Watterson
Chief Operating Officer
No Bio Available
Mr. Ray Schuster
Managing Director of Accounting & Financial Reporting
No Bio Available
Mr. Thomas Merritt
VP of Technology ? Infrastructure & Services and CTO
No Bio Available
Ms. Lauren Woods
Senior VP of Technology & Chief Information Officer
No Bio Available
Ms. Linda Burke Rutherford
Chief Administrative Officer
No Bio Available
Ms. Julia Landrum
Vice President of Investor Relations
No Bio Available
Ms. Whitney Eichinger
Senior VP & Chief Communications Officer
No Bio Available
Mr. Dave Harvey
VP & Chief Sales Officer
No Bio Available

Contacts

Address
TEXAS
Dallas
PO Box 36611, 2702 Love Field Dr
Contacts
+12147924000.0
www.southwest.com
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