The company said its total operating revenue for Q2 2024 was a quarterly record at $7.4 billion, and net income was $367 million ($0.58 per diluted share). Net income fell 46.3% from $683 million a year earlier, while operating revenue rose 4.5%.

1. 01

   The company said its total operating revenue for Q2 2024 was a quarterly record at $7.4 billion, and net income was $367 million ($0.58 per diluted share). Net income fell 46.3% from $683 million a year earlier, while operating revenue rose 4.5%.

2. 02

   Southwest Airlines said RASM for Q2 fell 3.8% from a year earlier. The company cited industry-wide domestic capacity growth outpacing demand and a revenue management headwind of about 2 points as factors, and said network optimization and other commercial actions produced a benefit of more than 3 points.

3. 03

   The company said operating expenses for Q2 rose 11.4% from a year earlier to $7.0 billion, and CASM-X, excluding fuel and oil expense, special items and profitsharing, rose 6.0%. It said most of the CASM-X increase came from market-driven rate inflation in salaries, wages and benefits and higher maintenance expenses.

4. 04

   The company said it ended Q2 with liquidity of $11.0 billion, well in excess of debt outstanding of $8.0 billion. It also said RASM for Q3 is expected to be flat to down 2% year over year, with ASMs up about 2%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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