Nov 2, 4:05 PM ET
Southwest Airlines completed a public offering of $1.25 billion in senior debt notes on November 2, 2026. The notes are split into $600 million of 5.750% notes due 2029 and $650 million of 6.000% notes due 2031, adding new borrowing obligations to the company's balance sheet.
- Total offering of $1,250,000,000 in debt securities completed November 2, 2026
- $600 million of 5.750% Notes due 2029 and $650 million of 6.000% Notes due 2031
- Notes issued under a February 6, 2024 indenture with U.S. Bank Trust Company, National Association, as trustee
- Underwriters named in the filing include Barclays Capital Inc., BNP Paribas Securities Corp., Standard Chartered Bank, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC
Read the filing on SEC.gov ↗
Oct 21, 4:16 PM ET
Southwest reported third quarter 2026 net income of $270 million, or $0.55 per diluted share, compared with $54 million, or $0.10 per share, a year earlier. Operating revenue rose 21.2% to $8.4 billion, but fuel expense increased by $821 million, and the company gave 2026 adjusted EPS guidance of $2.60 to $2.85.
- Q3 2026 operating revenue of $8.4 billion, up 21.2% year-over-year; unit revenue (RASM) rose 21.6%
- Q3 fuel cost was $3.92 per gallon, a $821 million year-over-year increase in fuel expense
- Full-year 2026 adjusted EPS guidance of $2.60 to $2.85; fourth quarter adjusted EPS guidance of $0.55 to $0.80
- Company paid $176 million in dividends in Q3 and will hold a Capital Markets Day in New York City on March 2, 2027
Read the filing on SEC.gov ↗
Aug 12, 4:06 PM ET
On August 10, 2026, Southwest Airlines entered into a new $2 billion five-year revolving credit facility and terminated its prior revolving credit facility dated August 3, 2016, which was set to expire August 4, 2028. No amounts were outstanding under the new facility as of the filing date, and it can be increased to $3 billion if the company obtains incremental commitments. The filing describes the facility as a financing backstop rather than a change in operating results.
- New $2 billion revolving credit facility dated August 10, 2026, with a maturity date of August 10, 2031
- No amounts outstanding under the new facility as of the filing date; accordion feature could raise it to $3 billion
- Interest at Term SOFR plus a margin of 0.875% to 1.625%, subject to a 1.00% SOFR floor
- Prior 2016 facility terminated as of August 10, 2026; it had been set to expire August 4, 2028
Read the filing on SEC.gov ↗
Aug 10, 4:05 PM ET
On August 10, 2026, Southwest Airlines appointed Varun Krishna and Jason T. Liberty to its Board of Directors, effective immediately, and increased the Board to thirteen members. The filing describes the director compensation package, which includes a $100,000 annual retainer and flight travel privileges, but does not indicate any change to business results or operations.
- Varun Krishna is CEO of Rocket Companies, Inc. and interim CEO of Redfin; Jason T. Liberty is Chair and CEO of Royal Caribbean Cruises Ltd.
- Board size increased to thirteen members, effective immediately on August 10, 2026.
- Non-employee directors receive a $100,000 annual retainer, pro-rated for Krishna and Liberty for the June 2026 to May 2027 service period.
- Neither new director has been appointed to a Board committee.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.