Summary by Futu AI
Southwest Airlines posted Q4 2024 net income of $261M ($0.42 per share), with record quarterly revenue of $6.9B, up 1.6% YoY. Excluding special items, Q4 net income was $356M ($0.56 per share). Unit revenues increased 8% YoY driven by strong execution of revenue initiatives and robust demand.The company announced a $750M accelerated share repurchase program, with $250M already completed. Full year 2024 results included net income of $465M on record revenue of $27.5B. The airline maintained strong liquidity of $9.7B against debt of $6.7B and returned $680M to shareholders through dividends and buybacks in 2024.Looking ahead to 2025, Southwest expects Q1 unit revenues to increase 5-7% YoY and full-year capacity growth of 1-2%. The company is working to accelerate its $500M cost reduction target while targeting low single-digit CASM-X growth by year-end 2025. A recently amended Chase co-brand agreement will support enhanced seating initiatives and financial targets.
