The Company continues to estimate approximately 100 Boeing 737 aircraft deliveries in 2023, including 30 737-8 (-8) aircraft deliveries expected in first quarter 2023. The Company ended 2022 with 770 Boeing 737 aircraft.
#SAMPLE SOUTHWEST AIRLINES BOARDING PASS FULL#
Combined with the retirement of $191 million in principal related to a lease buyout transaction in fourth quarter 2022, the Company's full year 2023 scheduled debt repayments remained roughly the same as its previous guidance. (c) The Company expects to retire approximately $50 million in principal related to a lease buyout transaction in first quarter 2023, shifting this payment forward from the previous monthly payments scheduled throughout the remainder of 2023 and beyond. (b) Operating expenses per available seat mile, excluding fuel and oil expense, special items, and profitsharing. (a) Available seat miles (ASMs, or capacity). The Company's flight schedule is currently published for sale through August 14, 2023. The Company continues to expect second quarter 2023 capacity to increase approximately 14 percent, year-over-year.
#SAMPLE SOUTHWEST AIRLINES BOARDING PASS UPDATE#
The following tables introduce or update selected financial guidance for first quarter and full year 2023, as applicable:įuel hedging cash settlement gains per gallon They remain the heart and soul of Southwest Airlines." As ever, I am grateful for our Employees and their resilience and steadfast focus on Safety, Customer Service, and Teamwork. We also intend to regain our 51-year reputation for operational excellence. We remain intent on achieving the long-term financial goals outlined at our December 2022 Investor Day. Our 2023 plan continues to support solid profits with year-over-year margin expansion for full year 2023. However, we are encouraged by current booking trends in March 2023. "Based on current revenue and cost trends, we currently expect a first quarter 2023 net loss. As part of our efforts, we are also conducting a third-party review of the December events and are reexamining the priority of technology and other investments planned in 2023. In addition, our Board of Directors has established an Operations Review Committee that is working with the Company's Management to help oversee the Company's response. We have swiftly taken steps to bolster our operational resilience and are undergoing a detailed review of the December events. "With regard to the operational disruptions, I am deeply sorry for the impact to our Employees and Customers. Despite the negative financial impacts in first quarter 2022 due to the Omicron variant and in fourth quarter 2022 due to the operational disruptions, we generated full year 2022 net income, excluding special items, of $723 million. Liquidity 2 of $13.3 billion, well in excess of debt outstanding of $8.1 billionīob Jordan, President and Chief Executive Officer, stated, "Due to the operational disruptions in late December, which resulted in more than 16,700 flight cancellations, we incurred a fourth quarter pre-tax negative impact of approximately $800 million (or approximately $620 million on an after-tax basis), which resulted in a fourth quarter 2022 net loss.Record fourth quarter and full year operating revenues of $6.2 billion and $23.8 billion, respectively.Full year net income, excluding special items, of $723 million, or $1.16 per diluted share.Full year net income of $539 million, or $0.87 per diluted share.Fourth quarter net loss, excluding special items 1, of $226 million, or $0.38 loss per diluted share.Fourth quarter net loss of $220 million, or $0.37 loss per diluted share.
(NYSE: LUV) (the "Company") today reported its fourth quarter and full year 2022 financial results: 26, 2023 /PRNewswire/ - Southwest Airlines Co.
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