LUVSouthwest Airlines

Industrials · Airlines · NYSE

Southwest Airlines Co. (the “Company” or “Southwest”) operates Southwest Airlines, a major passenger airline that provides scheduled air transportation in the United States and near-international markets. 10-K, Item 1

Headquarters: Dallas, TX
CEO: Robert E. Jordan
Next results: around Jan 27, 2027

Compare with peers → Embed

The numbers LUV said it expected, in its earnings releases of the last 3 years, next to what it then reported for the same period. Each target links to the sentence in the release; each result to the 10-Q or 10-K it was first reported in.

Of 1 range targets with a reported result: 0 came in above the last range given, 1 within it, 0 below it.

1 full-year target was dropped quietly: the next release, before the year ended, gave other targets for that year but said nothing about this one.

Target	What the company said	Reported	Result
Capital expenditures Fiscal 2026	Given $3.00B to $3.50B release 2026-01-28 Kept $3.00B to $3.50B release 2026-04-22 Kept $3.00B to $3.50B release 2026-07-22 Lowered $2.50B to $2.75B release 2026-10-21	–	Not reported yet
The company's words Expect 2026 net capital spending in the range of $3.0 billion to $3.5 billion release 2026-01-28 Expect 2026 net capital spending 5 in the range of $3.0 billion to $3.5 billion release 2026-04-22 Expect 2026 net capital spending 4 toward the low end of, or below, the $3.0 billion to $3.5 billion range release 2026-07-22 Expect 2026 net capital spending 4 between $2.5 billion and $2.75 billion release 2026-10-21
Diluted EPS (company-defined) Fiscal 2026	Given at least $4.00 release 2026-01-28 Changed $4.00 release 2026-04-22 Lowered $3.25 to $4.25 release 2026-07-22 Dropped quietly release 2026-10-21 ⓘ	–	No standard number
The company's words 2026 Forecast Adjusted EPS At least $4.00 ASMs (a), year-over-year Up 2% to 3% release 2026-01-28 The following table provides guidance for second quarter 2026. … Given the ongoing macroeconomic uncertainty, updating the Company's full-year adjusted EPS guidance of $4.00 would not be productive at this time. release 2026-04-22 For full-year 2026, the Company is guiding adjusted EPS 1,2 to be in the range of $3.25 to $4.25. release 2026-07-22
Diluted EPS (company-defined) Q3 of fiscal 2026	Given $0.50 to $0.75 release 2026-07-22	–	No standard number
The company's words The following tables provide guidance for third quarter and full-year 2026. … The Company is guiding adjusted EPS 1,2 for the third quarter to be in the range of $0.50 to $0.75. release 2026-07-22
Diluted EPS (company-defined) Q1 of fiscal 2026	Given at least $0.45 release 2026-01-28	–	No standard number
The company's words 1Q 2026 Forecast Adjusted EPS At least $0.45 ASMs (a), year-over-year Up 1% to 2% RASM (b), year-over-year Up at least 9.5% CASM-X (c), year-over-year1,4 Up ~3.5% release 2026-01-28
EBIT (company-defined) Fiscal 2025 (ended 2025-12-31)	Given $600.00M to $800.00M release 2025-07-23 Kept $600.00M to $800.00M release 2025-10-22	–	No standard number
The company's words Providing updated full year 2025 guidance for EBIT 2 in the range of $600 million to $800 million release 2025-07-23 Reaffirming full year 2025 earnings before interest and taxes, excluding special items ("EBIT" 2 ) guidance range of $600 million to $800 million release 2025-10-22
Capital expenditures Fiscal 2025 (ended 2025-12-31)	Given $2.50B to $3.00B release 2025-01-30 Kept $2.50B to $3.00B release 2025-04-23 Kept $2.50B to $3.00B release 2025-07-23 Kept $2.50B to $3.00B release 2025-10-22	$2.67B 10-K filed 2026-02-05	Within the range
The company's words The Company estimates its 2025 capital spending to be in the range of $2.5 billion to $3.0 billion. release 2025-01-30 The Company continues to expect its 2025 capital spending to be in the range of $2.5 billion to $3.0 billion, which does not include the impact of potential future fleet transactions. release 2025-04-23 The Company continues to expect its 2025 capital spending to be in the range of $2.5 billion to $3.0 billion, including the additional aircraft deliveries now expected, as well as the impact of the expected sale of five -800 aircraft this year. release 2025-07-23 The Company continues to expect its 2025 capital spending to be in the range of $2.5 billion to $3.0 billion, including the additional aircraft deliveries now expected, as well as the impact of the expected -800 aircraft sales this year. release 2025-10-22

1 target far from the company's reported total, so not compared (usually a target for one product, segment or definition)

Capital expenditures, Fiscal 2024 (ended 2024-12-31): said $3.50B to $4.00B, reported $2.05B. The company's words

Targets are read from the sentences of the EX-99 exhibits of 8-K item 2.02 filings (13 releases since 2024-01-25), without AI; in outlook tables only the first column is read. The result compares the reported number with the last range given before the period was reported. Results come from SEC's XBRL company facts, as first reported. A company's target can use its own definition (META's capital expenditures include finance lease payments, for example), so read the quote.

Work on LUV in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/LUV/export.csv") into a cell.