Short answer
Southwest Airlines (LUV) filed its Q1 2026 10-Q quarterly report on Apr 23, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $7.2B (up 12.8% year over year) with net income of $227M.
Q1 2026 key financials · XBRL
- Revenue
- $7.2B
- +12.8% YoY
- Net income
- $227M
- +252.3% YoY
- Operating margin
- 4.6%
- EPS (diluted)
- $0.45
- +273.1% YoY
Source: XBRL data from the Southwest Airlines (LUV) Q1 2026 10-Q on SEC EDGAR. USD.
Southwest Airlines Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Unrestricted cash $3.3B as of March 31, 2026
- Working capital deficit approximately $6.5B, primarily from air traffic liability
- $1.5B credit access, with no amounts outstanding; agreement expires August 2028
- March 2026 Term Loan Facility secured by aircraft and related assets
- Boeing order book 473 firm MAX orders and 144 options through 2031, subject to delivery delays
Risk Factors
- No Risk Factors section provided; supplied text covers equity repurchases, exhibits, and signatures
- New financing disclosure: $2.0 billion repurchase authorization approved July 23, 2025
- Term loan credit agreement dated March 11, 2026, indicating newly documented borrowing
- $550 million repurchase capacity after January 2026 purchases, declining to $450,000,095 by March
- 28,429,822 shares repurchased during the quarter, creating capital-allocation exposure
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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