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Southwest Airlines 8-K Report, Regulation FD Disclosure (Dec 5, 2025)

Reports
Regulation FD
Filing Date
Filed December 5, 2025
Period End
December 5, 2025
Security
LUV
In the record · 2016–202610-K1210-Q338-K204

LUV filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 204 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jul ’17Jul ’17
  2. Material agreement8-K · Jul ’20Jul ’20
  3. Leadership change8-K · Sep ’22Sep ’22
  4. Material agreement8-K · Nov ’26Nov ’26

01—Abstract

Summary

Summary of the 8-K filed December 5, 2025. Cited figures are marked; the original filing is the authoritative source.

Southwest Airlines Co. (LUV) furnished an Item 7.01 Regulation FD disclosure on December 5, 2025, updating its expectations for full year 2025 earnings before interest and taxes, excluding special items (EBIT).

The Company now expects full year 2025 EBIT of approximately $500 milliona, compared with its prior expectation of $600 million to $800 million. The Company attributes the reduction to lower revenue resulting from the government shutdown, along with the impact of higher fuel prices. It states that following a temporary decline in demand related to the shutdown, bookings have returned to previous expectations.

The EBIT measure is a non-GAAP financial measure that also excludes gains or losses from fleet transactions. The Company states it cannot reliably predict special items, so it believes a reconciliation to the equivalent GAAP measures is not meaningful or available without unreasonable effort. The information is furnished, not filed, for purposes of Section 18 of the Exchange Act.

02—Key points

Key Highlights

  1. Full year 2025 EBIT (excluding special items) now expected to be approximately $500 million, versus prior guidance of $600 million to $800 million
  2. Reduction attributed to lower revenue from the government shutdown and higher fuel prices
  3. Company states bookings have returned to previous expectations following a temporary decline in demand tied to the shutdown
  4. EBIT is a non-GAAP measure that also excludes gains or losses from fleet transactions
  5. No GAAP reconciliation provided; the Company says one is not meaningful or available without unreasonable effort due to the unpredictability of special items
  6. Forward-looking statements cite risks including government shutdowns, fuel price volatility, Boeing dependence, and labor matters

03—Questions

Frequently Asked Questions

  1. How much did Southwest lower its full year 2025 EBIT outlook?

    The Company now expects full year 2025 EBIT of approximately $500 million, compared with its prior expectation of $600 million to $800 million.

  2. What caused the revised EBIT expectation?

    The Company cited lower revenue due to the government shutdown and the impact of higher fuel prices.

  3. Has demand recovered after the government shutdown?

    The Company states that following the temporary decline in demand related to the shutdown, bookings have returned to previous expectations.

  4. What does EBIT exclude in this measure?

    EBIT excludes special items as disclosed from time to time in the Company's earnings releases and SEC filings, and also excludes gains or losses from fleet transactions.

  5. Why is there no GAAP reconciliation for the projected EBIT?

    The Company states it cannot reliably predict or estimate special items or their impact on future financial statements, so it believes a reconciliation to the equivalent GAAP measures is not meaningful or available without unreasonable effort.

04—Continue

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