Sector: Industrials | Industry: Airlines |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2702 Love Field Dr PO Box 36611 DALLAS TX 75235 |
Tel: | 1-214-7924000 |
Website: | https://www.southwest.com |
IR: | See website |
Key People | ||
Gary C. Kelly Executive Chairman of the Board | Robert E. Jordan President, Chief Executive Officer, Director | Tammy Romo Chief Financial Officer, Executive Vice President |
Andrew M. Watterson Chief Operating Officer | Mark R. Shaw Executive Vice President, Chief Legal and Regulatory Officer, Corporate Secretary | Ryan C. Green Executive Vice President, Chief Commercial Officer |
Lauren Woods Senior Vice President, Chief Information Officer | Linda B. Rutherford Chief Administration and Communications Officer |
Business Overview |
Southwest Airlines Co. (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company's fare products include four categories: Wanna Get Away, Wanna Get Away Plus, Anytime, and Business Select to provide customers options when choosing a fare. It offers ancillary services, such as EarlyBird Check-In, Upgraded Boarding, and transportation of pets and unaccompanied minors, in accordance with Southwest's respective policies. EarlyBird Check-In provides customers with automatic check-in and an assigned boarding position before general boarding positions become available. It has over 817 Boeing 737 aircraft in its fleet and serves 121 destinations in 42 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. |
Financial Overview |
For the fiscal year ended 31 December 2023, Southwest Airlines Co revenues increased 10% to $26.09B. Net income decreased 14% to $465M. Revenues reflect Enplaned Passengers, Total increase of 9% to 171.8M, Revenue Passengers, Total increase of 8% to 137.3M, Passenger increase of 10% to $23.64B, Other increase of 2% to $2.28B. Net income was offset by Salaries, wages, and benefits increase of 19% to $11.15B (expense). |
Employees: | 74,806 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $13,997M as of Dec 31, 2023 |
Annual revenue (TTM): | $26,091M as of Dec 31, 2023 |
EBITDA (TTM): | $1,865M as of Dec 31, 2023 |
Net annual income (TTM): | $465.00M as of Dec 31, 2023 |
Free cash flow (TTM): | -$817.00M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 596,664,523 as of Feb 2, 2024 |
Index Membership: | S&P 500, Dow Transportation |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |