Company Quick10K Filing
Southwest Airlines
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 547 $27,733
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-07-30 Quarter: 2019-06-30
10-Q 2019-04-30 Quarter: 2019-03-31
10-K 2019-02-05 Annual: 2018-12-31
10-Q 2018-10-30 Quarter: 2018-09-30
10-Q 2018-08-01 Quarter: 2018-06-30
10-Q 2018-05-01 Quarter: 2018-03-31
10-K 2018-02-07 Annual: 2017-12-31
10-Q 2017-11-01 Quarter: 2017-09-30
10-Q 2017-08-01 Quarter: 2017-06-30
10-Q 2017-05-03 Quarter: 2017-03-31
10-K 2017-02-07 Annual: 2016-12-31
10-Q 2016-10-31 Quarter: 2016-09-30
10-Q 2016-07-28 Quarter: 2016-06-30
10-Q 2016-04-29 Quarter: 2016-03-31
10-K 2016-02-03 Annual: 2015-12-31
10-Q 2015-10-29 Quarter: 2015-09-30
10-Q 2015-07-31 Quarter: 2015-06-30
10-Q 2015-04-30 Quarter: 2015-03-31
10-K 2015-02-06 Annual: 2014-12-31
10-Q 2014-10-29 Quarter: 2014-09-30
10-Q 2014-07-30 Quarter: 2014-06-30
10-Q 2014-05-01 Quarter: 2014-03-31
10-K 2014-02-04 Annual: 2013-12-31
10-Q 2013-10-30 Quarter: 2013-09-30
10-Q 2013-07-31 Quarter: 2013-06-30
10-Q 2013-05-02 Quarter: 2013-03-31
10-K 2013-02-07 Annual: 2012-12-31
10-Q 2012-10-26 Quarter: 2012-09-30
10-Q 2012-07-27 Quarter: 2012-06-30
10-Q 2012-04-25 Quarter: 2012-03-31
10-K 2012-02-09 Annual: 2011-12-31
10-Q 2011-10-25 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-04-25 Quarter: 2011-03-31
10-K 2011-02-08 Annual: 2010-12-31
10-Q 2010-08-02 Quarter: 2010-06-30
10-Q 2010-04-26 Quarter: 2010-03-31
10-K 2010-01-29 Annual: 2009-12-31
8-K 2019-12-17 Regulation FD
8-K 2019-10-24 Earnings, Exhibits
8-K 2019-09-18 Regulation FD, Exhibits
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-06-19 Regulation FD
8-K 2019-05-15 Shareholder Vote
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-03-27 Regulation FD
8-K 2019-02-20 Regulation FD
8-K 2019-01-24 Earnings, Exhibits
8-K 2019-01-08 Earnings, Exhibits
8-K 2018-12-12 Regulation FD
8-K 2018-12-07 Regulation FD, Exhibits
8-K 2018-11-07 Regulation FD, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-10-05 Earnings, Exhibits
8-K 2018-09-12 Regulation FD, Exhibits
8-K 2018-08-08 Regulation FD, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-07-10 Earnings, Exhibits
8-K 2018-06-06 Regulation FD, Exhibits
8-K 2018-06-04 Regulation FD
8-K 2018-05-16 Shareholder Vote
8-K 2018-05-08 Regulation FD, Exhibits
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-04-06 Earnings, Exhibits
8-K 2018-03-20 Earnings, Regulation FD, Exhibits
8-K 2018-03-08 Regulation FD, Exhibits
8-K 2018-02-07 Regulation FD, Exhibits
8-K 2018-01-25 Earnings, Exhibits
8-K 2018-01-09 Earnings, Exhibits
8-K 2018-01-02 Earnings

Southwest Airlines Financials

LUV Metrics, Comps, Filings

Annual | Quarterly

Business

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. Southwest commenced service on June 18, 1971, with three Boeing 737 aircraft serving three Texas cities: Dallas, Houston, and San Antonio. At December 31, 2018, Southwest operated a total of 750 Boeing 737 aircraft and served 99 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and ten near-international countries: Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

The Company is continuing its efforts towards its planned inaugural service to Hawaii in 2019, subject to requisite governmental approvals, including approval from the Federal Aviation Administration (the "FAA") for Extended Operations ("ETOPS"), a regulatory requirement to operate between the U.S. mainland and the Hawaiian Islands. The Company has announced its intent to serve Honolulu International Airport, Lihue Airport, Kona International Airport at Keahole, and Kahului Airport from four initial California cities: Oakland, San Diego, San Jose, and Sacramento. In June 2018, the Company ceased service at Bishop International Airport in Flint, Michigan. The Company has further announced its decision to cease service at Benito Juárez Mexico City International Airport, with the last day of service scheduled on March 30, 2019.

Based on the most recent data available from the U.S. Department of Transportation (the "DOT"), as of June 30, 2018, Southwest was the largest domestic air carrier in the United States, as measured by the number of domestic originating passengers boarded.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Fedex (FDX) 45,405 76% 13.4 1% 68,452 50,286 69,689 52,974 450 4,620 61,742
Delta Air Lines (DAL) 37,211 0% 5.3 7% 62,518 48,560 45,703 0 4,504 8,339 43,782
GOL Intelligent Airlines (GOL) 37,113 0% 10,378 0 0 0 0 36,955
Southwest Airlines (LUV) 27,733 0% 6.2 9% 26,374 16,434 22,337 0 2,397 4,472 27,736
Azul (AZUL) 25,036 0% 11,793 0 0 0 0 24,665
United Continental (UAL) 22,604 0% 5.3 5% 52,150 41,830 42,485 0 2,644 6,344 33,657
American Airlines Group (AAL) 14,452 0% 8.0 2% 61,967 61,989 45,041 0 1,513 4,881 38,977
Alaska Air Group (ALK) 7,759 0% 6.8 4% 12,951 7,440 8,440 0 506 1,166 7,967
Jetblue Airways (JBLU) 5,513 0% 5.7 4% 11,236 6,539 7,952 0 440 1,130 6,462
Spirit Airlines (SAVE) 3,222 0% 7.8 5% 6,663 4,568 3,636 0 360 562 4,354
Skywest (SKYW) 3,001 16% 10.3 0% 6,580 4,528 3,101 500 0 566 5,836
Life Time Fitness (LTM) 2,775 9% 11.8 4% 2,729 1,599 1,310 124 111 333 3,942
Allegiant Travel (ALGT) 2,322 0% 7.3 6% 2,982 2,178 1,749 0 184 438 3,192
Air Transport Services (ATSG) 1,362 0% 8.8 1% 2,703 2,333 1,168 0 25 313 2,750
Hawaiian Holdings (HA) 1,263 71% 3.5 5% 3,768 2,761 2,825 2,007 188 408 1,437
Mesa Air (MESA) 328 0% 5.7 4% 1,466 1,053 713 0 55 205 1,161
Air T (AIRT) 52 0% 5.9 2% 134 106 261 0 3 17 100
EHang Holdings (EH)
Ryanair Holdings (RYAAY)
Volaris (VLRS) 0% 22,311 13,139 0 0 0 0 -0

Balance Sheet ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash1,1141,2618291,1131,3551,2821,5831,6801,4951,854
Accounts Receivable
Inventory
PP&E10,63410,57812,12712,76620,82014,29215,60117,04418,53919,525
Assets14,26915,46318,06818,59619,34520,20021,31223,28625,11026,243
Accounts Payable1,0571,1071891231781,178186263
Long-Term Debt3,5153,4083,7513,1542,1912,4342,5412,8213,3202,771
Liabilities8,8039,22611,19111,60412,00913,42513,95414,84514,68016,390
Stockholders' Equity5,4666,2376,8776,9927,3366,7757,3588,44110,4309,853
Income Statement ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue10,35012,10415,65817,08817,69918,60519,82020,42521,17121,965
Cost of Revenue
Gross Profit
R&D
SG&A
Tax652861452643461551,440902-237699
Net Income994591784217541,1362,1812,2443,4882,465
Cash Flow ($MM)2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating9851,5611,3852,0642,4772,9023,2384,2933,9294,893
Cash Investing-1,569-1,265-1,051-833-1,384-1,727-1,913-2,272-2,408-2,038
Cash Financing330-149-766-947-851-1,248-1,024-1,924-1,706-2,496