NYSE$LUV

Southwest Airlines Co · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

LUV Q2 2024 — $7.40B revenue, 0.61 EPS

December 31, 2022, adjustments to the estimated value of Rapid Rewards points offered as a gesture of goodwill to Customers as a result of changes in the estimates of the points expected to be redeeme. Southwest Airlines Co reported Q2 2024 results. Diluted EPS came in at $0.61. Net income of $1.90B. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $7.40B.
  • Diluted EPS: $0.61.
  • Net income: $1.90B.
  • Operating income: $398.

Headline financials

Total Revenue

$7.35B

Previous: $7.04B+4.5%
EPS

$0.58

Previous: $1.09-46.8%
Capital Expenditures

-$6M

Previous: -$8M+25.0%
Free Cash Flow

$361M

Previous: $675M-46.5%
Net Income

$367M

Previous: $683M-46.3%
Operating Income

$398M

Previous: $795M-49.9%
Gross Profit

$398M

Previous: $795M-49.9%
Cash & Equivalents

$8.14B

Previous: $9.16B-11.1%
Total Assets

$35.6B

Previous: $36.5B-2.6%

Revenue & EPS history

Southwest · Revenue · Quarterly

$7.35B

Q2 2024+4.5%vs Q2 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Southwest · $613M total across 2 segments · Q3 2023

  • Other
    $569M+1.1%
  • Freight
    $44M+0.0%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-0.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+2.6%

Avg return

30 days after

45%

33 / 74 earnings

Positive

+12.0%

Q4 2025

Best reaction

-10.0%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%-3.4%+3.8%
Q4 2025+12.0%+25.3%+20.6%
Q3 2025-6.2%-7.9%-2.8%
Q2 2025+2.6%+1.6%+3.1%
Q1 2025+3.7%+6.8%+21.3%
Q4 2024-1.2%-2.7%-1.9%
Q3 2024-4.2%+1.0%+4.0%
Q2 2024+2.3%+1.6%+5.9%
Q1 2024-7.7%-11.5%-8.4%
Q4 2023-3.3%-3.0%+8.6%
Q3 2023-5.3%-5.8%+5.4%
Q2 2023-7.1%-7.8%-13.9%
Q1 2023-2.0%-3.0%-4.0%
Q4 2022-1.7%-3.0%-9.0%
Q3 2022+5.4%+7.5%+14.1%
Q2 2022-6.5%-7.7%-7.9%
Q1 2022+1.7%+2.9%-0.3%
Q4 2021-1.8%+3.4%+3.3%
Q3 2021-3.7%-3.8%-5.3%
Q2 2021-4.6%-3.7%-10.9%
Q1 2021-0.8%+0.6%-3.1%
Q4 2020-0.5%+3.3%+31.7%
Q3 2020+7.4%+0.2%+14.3%
Q2 2020-4.9%-3.0%+4.2%
Q1 2020+6.4%+0.4%+11.8%
Q4 2019+5.7%+7.7%+5.7%
Q3 2019+6.6%+7.5%+7.1%
Q2 2019-2.7%-4.0%-7.6%
Q1 2019+0.1%+2.5%-3.4%
Q4 2018+7.8%+10.5%+5.1%
Q3 2018-9.2%-10.0%-3.5%
Q2 2018+11.6%+11.2%+16.6%
Q1 2018-0.6%-1.7%-1.8%
Q4 2017-2.2%-3.8%-6.8%
Q3 2017-5.3%-5.8%-3.5%
Q2 2017-5.0%-6.4%-11.5%
Q1 2017-1.3%+2.4%+6.6%
Q4 2016+6.6%+5.8%+18.4%
Q3 2016-6.5%-4.5%+13.1%
Q2 2016-10.0%-8.9%-13.5%
Q1 2016+0.4%
Q4 2015-0.8%
Q3 2015+10.2%
Q2 2015-0.3%
Q1 2015+1.5%
Q4 2014+9.4%
Q3 2014-1.0%
Q2 2014+1.3%
Q1 2014-0.5%
Q4 2013-4.3%
Q3 2013+4.6%
Q2 2013+0.2%
Q1 2013-0.2%
Q4 2012+0.7%
Q3 2012-0.8%
Q2 2012-5.9%
Q1 2008+0.9%
Q1 2012+0.3%
Q4 2011-0.1%
Q3 2011-4.7%
Q2 2011-8.6%
Q1 2011-1.1%
Q4 2010+2.1%
Q3 2010+0.0%
Q2 2010+0.2%
Q1 2010-5.6%
Q4 2007+1.0%
Q4 2009+1.0%
Q3 2009-1.7%
Q3 2008-1.7%
Q2 2008+7.7%
Q2 2009+7.7%
Q1 2009+0.4%
Q4 2008+0.4%

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