UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~July~~October 2322, 2025


SOUTHWEST AIRLINES CO.
(Exact name of registrant as specified in its charter)

Texas

1-7259

74-1563240

(State or other jurisdiction

(Commission

(I.R.S. Employer

of incorporation)

File Number)

Identification No.)


P. O. Box 36611
Dallas,	Texas	75235-1611
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: (214) 792-4000


Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the

filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act

(17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17

CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the

Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the

Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock ($1.00 par value)	LUV	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On ~~July~~October 2322, 2025, the Registrant issued a press release (the "Earnings Press Release") announcing its financial results for ~~second~~third quarter 2025. The Earnings Press Release is furnished herewith as Exhibit 99.1 and is incorporated by reference into this Item 2.02.

Item 7.01 Regulation FD Disclosure.

~~The~~On ~~Registrant~~October 22, is2025, ~~announcing~~the ~~today~~Registrant ~~that~~also ~~its~~posted ~~Board~~on ofits ~~Directors~~investor ~~has~~relations ~~authorized~~website aat ~~new $2~~www.~~0 billion share repurchase program~~southwestairlinesinvestorrelations.com ~~Purchases~~a bysupplemental ~~the~~presentation ~~Registrant under~~ (the ~~new~~"Supplemental ~~share~~Information") ~~repurchase~~providing ~~program~~additional ~~may,~~information inwith ~~management’s~~respect ~~discretion,~~to beits ~~made~~planned ~~from~~initiatives ~~time~~and tofinancial ~~time~~outlook. inThe ~~open~~Supplemental ~~market~~Financial orInformation ~~private~~is ~~transactions~~furnished inherewith ~~such manner~~ as ~~may~~Exhibit be99.2 ~~deemed~~and ~~advisable~~is incorporated by ~~management~~reference ~~from~~into ~~time~~this toItem ~~time~~7.01. ~~(including,~~The ~~without~~Supplemental ~~limitation,~~Information ~~pursuant~~should tobe ~~one~~read orin ~~more~~conjunction ~~10b5-1~~with ~~trading~~the ~~plans,~~Earnings ~~accelerated~~Press ~~share repurchase programs, and any other method that management may deem advisable) and may be discontinued at any time~~Release.

On July 23, 2025, the Registrant also posted on its investor relations website at www.southwestairlinesinvestorrelations.com a supplemental presentation (the "Supplemental Information") providing additional information with respect to its planned initiatives and financial outlook. The Supplemental Financial Information is furnished herewith as Exhibit 99.2 and is incorporated by reference into this Item 7.01. The Supplemental Information should be read in conjunction with the Earnings Press Release.

The information furnished in Items 2.02 and 7.01, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1 Registrant’s Earnings Release.

99.2 Registrant’s Supplemental Information.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SOUTHWEST AIRLINES CO.
July 23, 2025	By:	/s/ Tom Doxey
October 22, 2025	By:	/s/ Tom Doxey
		Tom Doxey
		Executive Vice President & Chief Financial Officer
		(Principal Financial Officer)

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