Feed - Buzzberg

10:00
Jul 23 ◎

LUV FY2026 Q2 Watch

Southwest Airlines Company (LUV) FY2026 Q2 Earnings Call

LUV JPM DAL UAL ▾

Bob Jordan

Management expressed strong confidence in the transformation, highlighted record revenue and robust demand, and sees further optimization upside, despite a full-year EPS guide that was adjusted lower due to fuel.

"We have built a more durable and diversified business with greater earnings power and our focus is now on unlocking Southwest's full potential."

LUV WATCH

Bob Jordan

Strong co-brand card acquisition growth signals deepening partnership and potential for higher future co-brand revenue for Southwest, which benefits Chase via card spend and fees.

"Chase co-branded credit card account growth was also exceptionally strong with card acquisitions in the quarter up 28% year over year."

JPM WATCH

Bob Jordan

Southwest is shifting capacity growth into its 'points of strength'—markets where it already has leading positions—and away from new markets, focusing on profitable optimization rather than share gain. — This capacity strategy could intensify competition in Southwest's stronghold airports while reducing capacity pressure in other markets, potentially benefiting competitors in those secondary markets.

"Bag fees alone is about a billion dollars a year. So we're just starting off at a much higher base."

DAL WATCH UAL WATCH

HIGH

10:00
Apr 23 ◎

LUV FY2026 Q1 Watch

Southwest Airlines Company (LUV) FY2026 Q1 Earnings Call

BA LUV SAVE JPM ▾

Tom Doxey

Boeing's 737 MAX delivery cadence is improving month-over-month, with Southwest seeing better predictability and on-time delivery. — If Boeing's production stability is sustainably improving, it de-risks fleet renewal plans for multiple airlines and signals a potential inflection in Boeing's operational credibility.

"We're feeling confident about what we're seeing out of Boeing, you know, every month things seem to just be getting better and better there about their ability to deliver on time."

BA WATCH

Bob Jordan

Despite a sharp fuel headwind and macro uncertainty, Southwest's commercial transformation is delivering strong unit revenue growth, record corporate revenue, and top-quartile margins; management remains confident in the underlying trajectory.

"we continue to expect margin expansion and earnings growth in 2026, and we'll continue to be nimble and opportunistic in the way that we manage the business."

LUV WATCH

Bob Jordan

Spirit Airlines is facing a difficult competitive and financial environment, but Southwest does not see it as a direct threat to its own transformation-driven momentum.

"with spirit, I mean, it's a tough situation. We've got a lot of people that are affected, but it's a tough industry."

SAVE WATCH

Tom Doxey

Southwest's revised credit card agreement with Chase aligns with industry norms, removing accounting complexity and supporting recurring revenue.

"what we've moved toward as we have this new agreement with Chase is is very much industry standard."

JPM WATCH

HIGH

10:00
Jan 29 ◎

LUV FY2025 Q4 Watch

Southwest Airlines Company (LUV) FY2025 Q4 Earnings Call

LUV BA ▾

Bob Jordan

Management is extremely bullish, citing a 'fundamental transformation' that will drive earnings from $0.93 to at least $4.00, with further upside from assigned seating and extra legroom.

"We are guiding full year 2026 adjusted EPS of at least $4, which is materially higher than 2025 adjusted EPS of 93 cents."

LUV WATCH

Tom Doxey

Southwest expects 66 Boeing 737-8 deliveries in 2026 and will retire 60 aircraft, implying net fleet growth of 6 units despite a flat fleet count in 2025. — Positive signal for Boeing's production ramp; Southwest is a major 737 customer and these deliveries support the MAX program's cash flow.

"Boeing continues to execute on its delivery commitments. We expect 66 Boeing 737-8 deliveries in 2026 and anticipate retiring 60 aircraft during the year."

BA WATCH

HIGH

10:00
Oct 23 ◎

LUV FY2025 Q3 Watch

Southwest Airlines Company (LUV) FY2025 Q3 Earnings Call

BA LUV TMUS BKNG ▾

Tom Doxey

Boeing is consistently hitting delivery milestones, allowing Southwest to increase 2025 737-8 delivery count by 6 aircraft and retire more 737-800s. — Steady Boeing deliveries support Southwest's capacity and cost plans, and signal improving production reliability for BA.

"Boeing continues to hit their delivery plan, and we've increased our 2025 delivery assumptions from 47 to 53 Boeing 737-8 aircraft."

BA WATCH

Bob Jordan

Management's tone is positive: record revenue, strong cost discipline, initiatives on track, and reaffirmed EBIT guide despite macro uncertainties.

"We are entering the fourth quarter with confidence and anticipate meaningful margin expansion as the benefit from our initiatives continues to mature."

LUV WATCH

Bob Jordan

T-Mobile is funding free inflight WiFi for Southwest customers, likely to boost brand engagement and customer acquisition.

"Starting tomorrow, we will be offering free Wi-Fi, sponsored by our partner T-Mobile, for our Rapid Rewards members."

TMUS WATCH

Bob Jordan

Southwest is expanding third-party distribution through Priceline, potentially driving incremental volume for Booking Holdings.

"We expanded our distribution channels, launching a partnership with Priceline."

BKNG WATCH

HIGH

Feed — Buzzberg