Southwest Airlines Company (LUV)
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Company Information
Gary C. Kelly, CEO/Director
P.O. Box 36611
Dallas, TX 75235-1611
US
Map it ![]()
Phone: (214) 792-4000
Fax: (214) 904-5015
Latest news from Portfolio
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Southwest's Seven Secrets for SuccessJul 08 2008
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Air HeadsMay 21 2008
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Flying SoloMay 09 2008
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Who Takes the Hit?Apr 08 2008
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Tips for a Sky-High SpringMar 25 2008
Overview
The Company is a domestic airline, which provides scheduled air transportation in the United States.
Portfolio Articles
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Southwest's Seven Secrets for Success
The Texas airline stays profitable by keeping things simple: one plane, one class of service, one-way fares, and one-route non-stop flights.
Jul 08 2008 -
Air Heads
AMR's ugly cuts show U.S. airline executives are still flying around fantasyland.May 21 2008 -
Flying Solo
David Neeleman made JetBlue a major player in the crowded field of low-cost airlines. But after a disastrous week in 2007 that saw thousands of passengers stranded, the board pushed him aside, and now he's moving on. Destination: Brazil.May 09 2008 -
Who Takes the Hit?
In the wake of four airline shutdowns, the sky is falling—on the heads of business travelers.
Apr 08 2008 -
Tips for a Sky-High Spring
The price of flying is going up this season. Here's how to keep business-travel costs under control.
Mar 25 2008
News Feeds
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Southwest 2Q profit up, sales rise 11 percent
AP
Jul 24 2008
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Southwest Airlines posts quarterly profit
Reuters
Jul 24 2008
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Earnings Preview: Southwest saves on fuel
AP
Jul 22 2008
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Honeywell extends Southwest Airlines contract
AP
Jul 22 2008
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Airlines blame oil speculators for price hikes
Honolulu
Jul 10 2008
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Airlines including Southwest, JetBlue launch attack on oil speculators
East Bay
Jul 10 2008
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US Airways, other airlines blame oil speculators for price hikes
Phoenix
Jul 10 2008
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Airlines blame oil speculators for price hikes
Dayton
Jul 10 2008
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Airlines blame oil speculators for price hikes
Houston
Jul 10 2008
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Southwest, American blame oil speculators for price hikes
Albuquerque
Jul 10 2008
Press Releases
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Webcast Alert: Southwest Airlines to Discuss Second Quarter 2008 Financial Results on July 24, 2008 Jul-23-2008, 08:00AM EDT
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Honeywell Signs Extension With Southwest Airlines to Maintain Fleet for 10 Years Jul-22-2008, 09:00AM EDT
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Webcast Alert: Southwest Airlines to Discuss Second Quarter 2008 Financial Results on July 24, 2008 Jul-17-2008, 05:02PM EDT
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Southwest Airlines Rapid Rewards Adds Thrifty Car Rental as New Preferred Partner Jul-14-2008, 11:00AM EDT
News From Around the Web
News
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Southwest Airlines posts quarterly profit
(Washington Post)Jul 24 2008 -
Southwest Airlines' 2Q profit, revenue rise 7:13 AM CT
(Denton Record-Chronicle)Jul 24 2008 -
Southwest 2Q profit up, sales rise 11...
(AOL News)Jul 24 2008 -
Southwest 2Q profit up, sales ...
(Washington Times)Jul 24 2008 -
Southwest 2Q profit up, sales rise 11 percent
(Washington Post)Jul 24 2008 -
MORE: Southwest's profit up, sales rise 11%
(USA Today)Jul 24 2008 -
Southwest second-quarter profit jumps nearly 16%
(MarketWatch)Jul 24 2008 -
Southwest Airlines to Discuss Second Quarter 2008 Financial Results on July 24, 2008
(Aviation Today)Jul 23 2008 -
*Revised* Analyst Reports for Southwest Airlines Co., McDonald's Corporation, CEMEX, S.A.B. De C.V., And Wyeth
(iStockAnalyst)Jul 23 2008
Blogs
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Jul 23 2008
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Don't Take a Flier on Airlines
(Portfolio.com: Seat 2B)Jul 22 2008 -
Resources Connection (RECN): Price in bullish 'flag' formation
(Blogging Stocks)Jul 21 2008 -
Jul 19 2008
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Jul 19 2008
Employees
Number of Employees: 34,378
Revenue per Employee: $301,892
Top Executives
Davis S. Ridley, Senior VP, Divisional
Robert E. Jordan, Divisional Executive VP
Colleen C. Barrett, President/Secretary
Board of Directors
Financials
Quarterly
Annual
| Income Statement | 04/2008 | 01/2008 | 10/2007 | 07/2007 |
|---|---|---|---|---|
| Sales | 1.5 Bil. | NA | 1.38 Bil. | 1.3 Bil. |
| Gross Operating Profit | 1.03 Bil. | 2.49 Bil. | 1.21 Bil. | 1.28 Bil. |
| Operating Income before D & A (EBITDA) | 230 Mil. | 2.49 Bil. | 379 Mil. | 469 Mil. |
| Total Income Before Interest Expenses (EBIT) | 57 Mil. | 2.49 Bil. | 292 Mil. | 462 Mil. |
| Total Net Income | 34 Mil. | 111 Mil. | 162 Mil. | 278 Mil. |
| Basic EPS, Total | 0.05 | 0.15 | 0.22 | 0.36 |
| Diluted EPS, Total | 0.05 | 0.15 | 0.22 | 0.36 |
| BALANCE STATEMENT | 04/2008 | 01/2008 | 10/2007 | 07/2007 |
|---|---|---|---|---|
| Cash and Equivalents | NA | NA | 1.05 Bil. | 1.6 Bil. |
| Total Assets | NA | NA | 2.87 Bil. | 3.31 Bil. |
| Total Liabilities | 5.78 Bil. | NA | 3.83 Bil. | 4.08 Bil. |
| Total Capitalization | 7.18 Bil. | NA | 7.82 Bil. | 7.94 Bil. |
| Cash Flow | 04/2008 | 01/2008 | 10/2007 | 07/2007 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | 964 Mil. | NA | 1.75 Bil. | 1.6 Bil. |
| Net Cash From Investing Activities | -126 Mil. | NA | -1.12 Bil. | -804 Mil. |
| Net Cash From Financing Activities | -69 Mil. | NA | -972 Mil. | -578 Mil. |
| Net Change in Cash & Cash Equivalents | 769 Mil. | NA | -340 Mil. | 215 Mil. |
| Income Statement | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Sales | NA | 4.6 Bil. | 3.56 Bil. | 3.06 Bil. |
| Gross Operating Profit | 9.86 Bil. | 4.48 Bil. | 4.02 Bil. | 3.47 Bil. |
| Operating Income before D & A (EBITDA) | 9.86 Bil. | 1.43 Bil. | 1.32 Bil. | 1.02 Bil. |
| Total Income Before Interest Expenses (EBIT) | 9.86 Bil. | 867 Mil. | 957 Mil. | 538 Mil. |
| Total Net Income | 645 Mil. | 499 Mil. | 548 Mil. | 313 Mil. |
| Basic EPS, Total | 0.85 | 0.63 | 0.7 | 0.4 |
| Diluted EPS, Total | 0.84 | 0.61 | 0.67 | 0.38 |
| BALANCE STATEMENT | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Cash and Equivalents | NA | 1.39 Bil. | 2.28 Bil. | 1.3 Bil. |
| Total Assets | NA | 2.6 Bil. | 3.62 Bil. | 2.17 Bil. |
| Total Liabilities | NA | 2.89 Bil. | 3.85 Bil. | 2.14 Bil. |
| Total Capitalization | NA | 8.02 Bil. | 8.07 Bil. | 7.22 Bil. |
| Cash Flow | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | NA | 1.41 Bil. | 2.23 Bil. | 1.16 Bil. |
| Net Cash From Investing Activities | NA | -1.5 Bil. | -1.21 Bil. | -1.85 Bil. |
| Net Cash From Financing Activities | NA | -801 Mil. | 213 Mil. | 133 Mil. |
| Net Change in Cash & Cash Equivalents | NA | -890 Mil. | 1.23 Bil. | -560 Mil. |
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