<!-- librarian dossier written 2026-10-25; every sentence cites its source; lint-clean; figures cross-checked against the cited SEC documents -->
# LUV — Southwest Airlines Co — dossier 2026-10-25

Worklist reason: magic_formula moved 25.0 -> 38.2; new filing 2026-10-22; CIK 0000092380, NYSE, SIC 4512 Air Transportation, Scheduled, state TX, fiscal year end 1231, Graham status "ok" with score 32.8 computed 2026-10-25. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)

## 1. Business

The FY2025 10-K Item 1 states that Southwest Airlines Co. operates Southwest Airlines, a major passenger airline that provides scheduled air transportation in the United States and near-international markets. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/92380/000009238026000004/luv-20251231.htm)
It states that Southwest commenced service on June 18, 1971, with three Boeing 737 aircraft serving Dallas, Houston, and San Antonio. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/92380/000009238026000004/luv-20251231.htm)
It states that as of December 31, 2025 Southwest had a total of 803 Boeing 737 aircraft in its fleet and served 117 destinations in 42 states, the District of Columbia, Puerto Rico, and ten near-international countries. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/92380/000009238026000004/luv-20251231.htm)
It states that on January 27, 2026 Southwest began operating assigned and extra legroom seating. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/92380/000009238026000004/luv-20251231.htm)
It states that Southwest changed its boarding process beginning January 27, 2026 to group Customers by seat location, fare bundle, and loyalty program status. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/92380/000009238026000004/luv-20251231.htm)

## 2. Capital structure

The most recent balance sheet in XBRL companyfacts is 2026-09-30 (10-Q filed 2026-10-22, accession 0000092380-26-000107): total assets $30,539,000,000, current assets $6,506,000,000, current liabilities $13,738,000,000. [XBRL companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000092380.json)
At 2026-09-30, stockholders' equity $7,329,000,000. [XBRL companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000092380.json)
Debt-related XBRL facts at 2026-09-30: LongTermDebtAndCapitalLeaseObligations $3,734,000,000. [XBRL companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000092380.json)
Cash and cash equivalents were $3,624,000,000 at 2026-09-30. [XBRL companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000092380.json)
The 10-K liquidity table reports cash and cash equivalents of $3,231 million at December 31, 2025 versus $7,509 million at December 31, 2024, and undrawn facilities of $1,500 million. [10-K FY2025](https://www.sec.gov/Archives/edgar/data/92380/000009238026000004/luv-20251231.htm)
It states that as of December 31, 2025 the company has access to $1.5 billion under its amended and restated revolving credit facility, which expires in August 2028. [10-K FY2025](https://www.sec.gov/Archives/edgar/data/92380/000009238026000004/luv-20251231.htm)
It states that during second quarter 2025 the remaining $1.6 billion balance of its 1.25 percent Convertible Senior Notes due 2025 was repaid. [10-K FY2025](https://www.sec.gov/Archives/edgar/data/92380/000009238026000004/luv-20251231.htm)

## 3. Earnings record

Ten fiscal years as stored in the stock record (net income, diluted EPS as the record's value field, revenue); each value in the record carries its own SEC accession URL. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)

| FY | Period end | Net income (USD) | Diluted EPS | Revenue (USD) | Source |
|---|---|---|---|---|---|
| 2016 | 2016-12-31 | 2,183,000,000 | 3.45 | 20,425,000,000 | [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json) |
| 2017 | 2017-12-31 | 3,357,000,000 | 5.57 | 21,171,000,000 | [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json) |
| 2018 | 2018-12-31 | 2,465,000,000 | 4.29 | 21,965,000,000 | [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json) |
| 2019 | 2019-12-31 | 2,300,000,000 | 4.27 | 22,428,000,000 | [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json) |
| 2020 | 2020-12-31 | -3,074,000,000 | -5.44 | 9,048,000,000 | [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json) |
| 2021 | 2021-12-31 | 977,000,000 | 1.61 | 15,790,000,000 | [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json) |
| 2022 | 2022-12-31 | 539,000,000 | 0.87 | 23,814,000,000 | [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json) |
| 2023 | 2023-12-31 | 465,000,000 | 0.76 | 26,091,000,000 | [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json) |
| 2024 | 2024-12-31 | 465,000,000 | 0.76 | 27,483,000,000 | [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json) |
| 2025 | 2025-12-31 | 441,000,000 | 0.79 | 28,063,000,000 | [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json) |

No EPS value in this window carries a split factor other than 1.0. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
Years with net income at or below zero in this window: 2020. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
The record lists dividend years from 1980 through 2026 (45 entries). [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)

## 4. Recent filings

8-K filings dated 2026-04-28 through 2026-10-25 from the EDGAR submissions feed (7 filings), one line per item, with a verbatim extract from the item text cut at the first forward-looking word. [EDGAR submissions](https://data.sec.gov/submissions/CIK0000092380.json)
- 2026-10-21 8-K Item 2.02: "Results of Operations and Financial Condition. On October 21, 2026, the Registrant issued a press release (the "Earnings Press Release") announcing its financial results for third quarter 2026. The Earnings Press Release is furnished herewith as Exhibit 99.1 and is incorporated by reference into […]" [8-K 2026-10-21](https://www.sec.gov/Archives/edgar/data/92380/000009238026000104/luv-20261021.htm)
- 2026-10-21 8-K Item 9.01: "Financial Statements and Exhibits. (d) Exhibits: 99.1 Registrant’s Earnings Release. 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 […]" [8-K 2026-10-21](https://www.sec.gov/Archives/edgar/data/92380/000009238026000104/luv-20261021.htm)
- 2026-08-12 8-K Item 1.01: "Entry into a Material Definitive Agreement. The information included pursuant to" [8-K 2026-08-12](https://www.sec.gov/Archives/edgar/data/92380/000009238026000098/luv-20260810.htm)
- 2026-08-12 8-K Item 2.03: "is incorporated by reference into this" [8-K 2026-08-12](https://www.sec.gov/Archives/edgar/data/92380/000009238026000098/luv-20260810.htm)
- 2026-08-12 8-K Item 1.02: "Termination of a Material Definitive Agreement. As of August 10, 2026, in connection with the entry by Southwest Airlines Co. (the “Company”) into the new revolving credit agreement described in" [8-K 2026-08-12](https://www.sec.gov/Archives/edgar/data/92380/000009238026000098/luv-20260810.htm)
- 2026-08-12 8-K Item 9.01: "Financial Statements and Exhibits. (d) Exhibits: 10.1 $2,000,000,000 Revolving Credit Facility Agreement among Southwest Airlines Co., the Banks party thereto, Barclays Bank PLC, Bank of America, N.A., BNP Paribas, Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc., PNC Bank, National […]" [8-K 2026-08-12](https://www.sec.gov/Archives/edgar/data/92380/000009238026000098/luv-20260810.htm)
- 2026-08-10 8-K Item 5.02: "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers" [8-K 2026-08-10](https://www.sec.gov/Archives/edgar/data/92380/000009238026000093/luv-20260810.htm)
- 2026-08-07 8-K Item 5.02: "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers" [8-K 2026-08-07](https://www.sec.gov/Archives/edgar/data/92380/000119312526340284/d101890d8k.htm)
- 2026-07-22 8-K Item 2.02: "Results of Operations and Financial Condition. On July 22, 2026, the Registrant issued a press release (the "Earnings Press Release") announcing its financial results for second quarter 2026. The Earnings Press Release is furnished herewith as Exhibit 99.1 and is incorporated by reference into this" [8-K 2026-07-22](https://www.sec.gov/Archives/edgar/data/92380/000009238026000074/luv-20260722.htm)
- 2026-07-22 8-K Item 9.01: "Financial Statements and Exhibits. (d) Exhibits: 99.1 Registrant’s Earnings Release. 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 […]" [8-K 2026-07-22](https://www.sec.gov/Archives/edgar/data/92380/000009238026000074/luv-20260722.htm)
- 2026-05-19 8-K Item 1.01: "Entry into a Material Definitive Agreement. The information included pursuant to" [8-K 2026-05-19](https://www.sec.gov/Archives/edgar/data/92380/000119312526230895/d117563d8k.htm)
- 2026-05-19 8-K Item 2.03: "is incorporated by reference into this" [8-K 2026-05-19](https://www.sec.gov/Archives/edgar/data/92380/000119312526230895/d117563d8k.htm)
- 2026-05-11 8-K Item 5.07: "Submission of Matters to a Vote of Security Holders. (a) The Annual Meeting of Shareholders of Southwest Airlines Co. (the “Company”) was held on Thursday, May 7, 2026 . (b) The following matters were voted on by the Company’s Shareholders at the Annual Meeting and received the following votes: 1. […]" [8-K 2026-05-11](https://www.sec.gov/Archives/edgar/data/92380/000009238026000050/luv-20260507.htm)

## 5. Insiders

Non-derivative Form 4 transactions from filings dated 2025-10-25 through 2026-10-25 (every Form 4 document in the submissions feed for this window), parsed from each filing's XML (code P purchase, S sale, A grant, F tax withholding, M option exercise, G gift, D disposition to issuer). [EDGAR Form 4 list](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000092380&type=4)

| Txn date | Reporting owner | Role | Security | Code | Shares | Price | Owned after | 10b5-1 / private placement | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-15 | Martinez Jimmy Ryan | Principal Accounting Officer | Common Stock | A | 2,697 | 0 | 27,941 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000102/wk-form4_1789675913.xml) |
| 2026-08-21 | Martinez Jimmy Ryan | Principal Accounting Officer | Common Stock | F | 179 | 40.38 | 25,244 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000100/wk-form4_1787691545.xml) |
| 2026-08-10 | Krishna Varun | Director | Common Stock | A | 3,787 | 0 | 3,787 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000193190626000004/wk-form4_1786480405.xml) |
| 2026-08-10 | Liberty Jason T | Director | Common Stock | A | 3,787 | 0 | 3,787 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000156891526000013/wk-form4_1786480098.xml) |
| 2026-08-05 | Jones Justin | EVP & Chief Commercial Officer | Common Stock | A | 8,568 | 0 | 85,784 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000090/wk-form4_1786134500.xml) |
| 2026-08-05 | Roach Anthony | Chief Customer & Brand Officer | Common Stock | A | 9,506 | 0 | 73,178.543 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000088/wk-form4_1786134358.xml) |
| 2026-08-05 | Woods Lauren Tauscher | EVP & CIO | Common Stock | A | 7,598 | 0 | 56,658.216 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000086/wk-form4_1786134267.xml) |
| 2026-08-05 | Watterson Andrew M | Chief Operating Officer | Common Stock | A | 2,995 | 0 | 209,840 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000084/wk-form4_1786134176.xml) |
| 2026-08-05 | Jordan Robert E | Director, CEO & President | Common Stock | A | 28,321 | 0 | 534,055 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000082/wk-form4_1786134071.xml) |
| 2026-08-05 | Doxey Tom | EVP, Chief Financial Officer | Common Stock | A | 6,316 | 0 | 111,116 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000080/wk-form4_1786133963.xml) |
| 2026-05-07 | BROOKS DOUGLAS H | Director | Common Stock | A | 4,108 | 0 | 84,223 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000068/wk-form4_1778533476.xml) |
| 2026-05-07 | Breber Pierre R | Director | Common Stock | A | 4,108 | 0 | 13,537 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000066/wk-form4_1778533411.xml) |
| 2026-05-07 | Feinberg Sarah | Director | Common Stock | A | 4,108 | 0 | 18,337 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000064/wk-form4_1778533318.xml) |
| 2026-05-07 | FORNARO ROBERT L | Director | Common Stock | A | 4,108 | 0 | 13,537 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000062/wk-form4_1778533230.xml) |
| 2026-05-07 | Grissen David | Director | Common Stock | A | 4,108 | 0 | 13,537 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000060/wk-form4_1778533153.xml) |
| 2026-05-07 | Hess David P | Director | Common Stock | A | 4,108 | 0 | 32,682 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000058/wk-form4_1778533062.xml) |
| 2026-05-07 | Reynolds Christopher P. | Director | Common Stock | A | 4,108 | 0 | 28,440 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000056/wk-form4_1778532955.xml) |
| 2026-05-07 | Watson Patricia A | Director | Common Stock | A | 4,108 | 0 | 20,769 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000054/wk-form4_1778532804.xml) |
| 2026-05-07 | Atherton Lisa M | Director | Common Stock | A | 4,108 | 0 | 15,648 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000052/wk-form4_1778532695.xml) |
| 2026-04-07 | Atherton Lisa M | Director | Common Stock | S | 118 | 37.95 | 0 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000039/wk-form4_1775678609.xml) |
| 2026-03-21 | Roach Anthony | EVP Customer & Brand | Common Stock | F | 2,179 | 39.41 | 63,672.543 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000037/wk-form4_1774387798.xml) |
| 2026-03-21 | Doxey Tom | EVP, Chief Financial Officer | Common Stock | F | 11,447 | 39.41 | 104,800 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000035/wk-form4_1774387504.xml) |
| 2026-03-16 | Jordan Robert E | Director, CEO & President | Common Stock | A | 92,867 | 0 | 505,734 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000032/wk-form4_1773785921.xml) |
| 2026-03-16 | Martinez Jimmy Ryan | Principal Accounting Officer | Common Stock | A | 7,294 | 0 | 25,423 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000030/wk-form4_1773785778.xml) |
| 2026-03-16 | Watterson Andrew M | Chief Operating Officer | Common Stock | A | 35,092 | 0 | 206,845 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000028/wk-form4_1773785633.xml) |
| 2026-03-16 | Woods Lauren Tauscher | EVP & CIO | Common Stock | A | 18,950 | 0 | 49,060.216 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000026/wk-form4_1773785416.xml) |
| 2026-03-16 | Jones Justin | EVP Operations | Common Stock | A | 23,863 | 0 | 77,216 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000024/wk-form4_1773784660.xml) |
| 2026-03-16 | Doxey Tom | EVP, Chief Financial Officer | Common Stock | A | 28,199 | 0 | 116,247 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000022/wk-form4_1773783595.xml) |
| 2026-03-16 | Roach Anthony | EVP Customer & Brand | Common Stock | A | 22,058 | 0 | 65,851.543 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000020/wk-form4_1773783365.xml) |
| 2026-02-21 | Jones Justin | EVP Operations | Common Stock | F | 8,507 | 52.09 | 53,353 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000018/wk-form4_1771971789.xml) |
| 2026-02-21 | Jordan Robert E | Director, CEO & President | Common Stock | F | 38,742 | 52.09 | 412,867 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000016/wk-form4_1771971699.xml) |
| 2026-02-21 | Martinez Jimmy Ryan | Principal Accounting Officer | Common Stock | F | 2,755 | 52.09 | 18,129 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000014/wk-form4_1771971555.xml) |
| 2026-02-21 | Roach Anthony | EVP Customer & Brand | Common Stock | F | 3,658 | 52.09 | 43,793.543 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000012/wk-form4_1771971368.xml) |
| 2026-02-21 | Watterson Andrew M | Chief Operating Officer | Common Stock | F | 17,942 | 52.09 | 171,753 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000010/wk-form4_1771971209.xml) |
| 2026-02-21 | Woods Lauren Tauscher | EVP & CIO | Common Stock | F | 4,585 | 52.09 | 30,110.216 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000008/wk-form4_1771971044.xml) |
| 2025-12-05 | Jones Justin | EVP Operations | Common Stock | S | 8,085 | 37.36 | 61,860 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238025000147/wk-form4_1765230727.xml) |
| 2025-12-02 | BROOKS DOUGLAS H | Director | Common Stock | G | 1,836 | 0 | 0 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000068/wk-form4_1778533476.xml) |
| 2025-12-02 | BROOKS DOUGLAS H | Director | Common Stock | G | 1,836 | 0 | 0 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/92380/000009238026000068/wk-form4_1778533476.xml) |

Code P, code S and the Rule 10b5-1 or private-placement flag for each non-derivative row are shown in the table above. [EDGAR Form 4 list](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000092380&type=4)
The record's insider score block reads score 0.0, status "no open-market transactions in window", window 2026-07-27 through 2026-10-23 (Form 4 data loaded through 2026-10-23). [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)

## 6. Data health

The graham verification block reads verified 11, mismatch 2, unverified 21, not_cross_checked 2; stale_inputs: Revenue. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Revenue = 28,063,000,000 for period 2025-12-31 from SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input current_assets = 6,482,000,000 for period 2026-06-30 from SEC XBRL AssetsCurrent (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input current_liabilities = 13,268,000,000 for period 2026-06-30 from SEC XBRL LiabilitiesCurrent (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input lt_debt = 3,790,000,000 for period 2026-06-30 from SEC XBRL LongTermDebtAndCapitalLeaseObligations (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input equity = 7,082,000,000 for period 2026-06-30 from SEC XBRL StockholdersEquity (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Net income FY2016 = 2,183,000,000 for period 2016-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-19-000022) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Net income FY2017 = 3,357,000,000 for period 2017-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-20-000024) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Net income FY2018 = 2,465,000,000 for period 2018-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-21-000033) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Net income FY2019 = 2,300,000,000 for period 2019-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-22-000007) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Net income FY2020 = -3,074,000,000 for period 2020-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-23-000010) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Net income FY2021 = 977,000,000 for period 2021-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-24-000027) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Net income FY2022 = 539,000,000 for period 2022-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-25-000024) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Net income FY2023 = 465,000,000 for period 2023-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Net income FY2024 = 465,000,000 for period 2024-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Net income FY2025 = 441,000,000 for period 2025-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Dividend years (Yahoo) = [2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2023, 2024, 2025, 2026] for period None from Yahoo Finance dividend history is marked mismatch; no fact_check row is stored for this fact_id. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input Dividends per share FY2022 (XBRL) = 0.18 for period 2022-12-31 from SEC XBRL CommonStockDividendsPerShareDeclared (accession 0000092380-25-000024) is marked mismatch; no fact_check row is stored for this fact_id. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input EPS diluted FY2014 = 1.64 for period 2014-12-31 from SEC XBRL EarningsPerShareDiluted (accession 0000092380-17-000029) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input EPS diluted FY2015 = 3.27 for period 2015-12-31 from SEC XBRL EarningsPerShareDiluted (accession 0000092380-18-000031) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input EPS diluted FY2016 = 3.45 for period 2016-12-31 from SEC XBRL EarningsPerShareDiluted (accession 0000092380-19-000022) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input EPS diluted FY2023 = 0.76 for period 2023-12-31 from SEC XBRL EarningsPerShareDiluted (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input EPS diluted FY2024 = 0.76 for period 2024-12-31 from SEC XBRL EarningsPerShareDiluted (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham input EPS diluted FY2025 = 0.79 for period 2025-12-31 from SEC XBRL EarningsPerShareDiluted (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
The buffett verification block reads verified 0, mismatch 0, unverified 47, not_cross_checked 2; stale_inputs: none. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Net income FY2018 = 2,465,000,000 for period 2018-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-21-000033) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Equity at FY2018 end = 9,853,000,000 for period 2018-12-31 from SEC XBRL StockholdersEquity (accession 0000092380-22-000007) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Net income FY2019 = 2,300,000,000 for period 2019-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-22-000007) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Equity at FY2019 end = 9,832,000,000 for period 2019-12-31 from SEC XBRL StockholdersEquity (accession 0000092380-23-000010) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Net income FY2020 = -3,074,000,000 for period 2020-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-23-000010) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Equity at FY2020 end = 8,876,000,000 for period 2020-12-31 from SEC XBRL StockholdersEquity (accession 0000092380-24-000027) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Net income FY2021 = 977,000,000 for period 2021-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-24-000027) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Equity at FY2021 end = 10,414,000,000 for period 2021-12-31 from SEC XBRL StockholdersEquity (accession 0000092380-25-000024) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Net income FY2022 = 539,000,000 for period 2022-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-25-000024) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Equity at FY2022 end = 10,687,000,000 for period 2022-12-31 from SEC XBRL StockholdersEquity (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Net income FY2023 = 465,000,000 for period 2023-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Equity at FY2023 end = 10,515,000,000 for period 2023-12-31 from SEC XBRL StockholdersEquity (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Net income FY2024 = 465,000,000 for period 2024-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Equity at FY2024 end = 10,350,000,000 for period 2024-12-31 from SEC XBRL StockholdersEquity (accession 0000092380-26-000107) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Net income FY2025 = 441,000,000 for period 2025-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Equity at FY2025 end = 7,981,000,000 for period 2025-12-31 from SEC XBRL StockholdersEquity (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Net income FY2016 = 2,183,000,000 for period 2016-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-19-000022) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Net income FY2017 = 3,357,000,000 for period 2017-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-20-000024) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input debt_incl_current = 3,790,000,000 for period 2026-06-30 from SEC XBRL LongTermDebtAndCapitalLeaseObligations (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Operating income FY2021 = 1,721,000,000 for period 2021-12-31 from SEC XBRL OperatingIncomeLoss (accession 0000092380-24-000027) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Revenue FY2021 = 15,790,000,000 for period 2021-12-31 from SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax (accession 0000092380-24-000027) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Operating income FY2022 = 1,017,000,000 for period 2022-12-31 from SEC XBRL OperatingIncomeLoss (accession 0000092380-25-000024) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Revenue FY2022 = 23,814,000,000 for period 2022-12-31 from SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax (accession 0000092380-25-000024) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Operating income FY2023 = 224,000,000 for period 2023-12-31 from SEC XBRL OperatingIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Revenue FY2023 = 26,091,000,000 for period 2023-12-31 from SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Operating income FY2024 = 321,000,000 for period 2024-12-31 from SEC XBRL OperatingIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Revenue FY2024 = 27,483,000,000 for period 2024-12-31 from SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Operating income FY2025 = 428,000,000 for period 2025-12-31 from SEC XBRL OperatingIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Revenue FY2025 = 28,063,000,000 for period 2025-12-31 from SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Operating cash flow FY2021 = 2,322,000,000 for period 2021-12-31 from SEC XBRL NetCashProvidedByUsedInOperatingActivities (accession 0000092380-24-000027) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Capital expenditure FY2021 = 505,000,000 for period 2021-12-31 from SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) (accession 0000092380-24-000027) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Operating cash flow FY2022 = 3,790,000,000 for period 2022-12-31 from SEC XBRL NetCashProvidedByUsedInOperatingActivities (accession 0000092380-25-000024) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Capital expenditure FY2022 = 3,924,000,000 for period 2022-12-31 from SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) (accession 0000092380-25-000024) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Operating cash flow FY2023 = 3,164,000,000 for period 2023-12-31 from SEC XBRL NetCashProvidedByUsedInOperatingActivities (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Capital expenditure FY2023 = 3,520,000,000 for period 2023-12-31 from SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Operating cash flow FY2024 = 462,000,000 for period 2024-12-31 from SEC XBRL NetCashProvidedByUsedInOperatingActivities (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Capital expenditure FY2024 = 2,054,000,000 for period 2024-12-31 from SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Operating cash flow FY2025 = 1,842,000,000 for period 2025-12-31 from SEC XBRL NetCashProvidedByUsedInOperatingActivities (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Capital expenditure FY2025 = 2,673,000,000 for period 2025-12-31 from SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
The lynch verification block reads verified 0, mismatch 0, unverified 5, not_cross_checked 1; stale_inputs: none. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
lynch input EPS diluted FY2025 = 0.79 for period 2025-12-31 from SEC XBRL EarningsPerShareDiluted (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
lynch input EPS diluted FY2020 = -5.44 for period 2020-12-31 from SEC XBRL EarningsPerShareDiluted (accession 0000092380-23-000010) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
lynch input debt_incl_current = 3,790,000,000 for period 2026-06-30 from SEC XBRL LongTermDebtAndCapitalLeaseObligations (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
lynch input equity = 7,082,000,000 for period 2026-06-30 from SEC XBRL StockholdersEquity (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
lynch input cash = 3,791,000,000 for period 2026-06-30 from SEC XBRL CashAndCashEquivalentsAtCarryingValue (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
The graham_enterprising verification block reads verified 0, mismatch 0, unverified 10, not_cross_checked 3; stale_inputs: none. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham_enterprising input current_assets = 6,482,000,000 for period 2026-06-30 from SEC XBRL AssetsCurrent (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham_enterprising input current_liabilities = 13,268,000,000 for period 2026-06-30 from SEC XBRL LiabilitiesCurrent (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham_enterprising input Net income FY2021 = 977,000,000 for period 2021-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-24-000027) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham_enterprising input Net income FY2022 = 539,000,000 for period 2022-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-25-000024) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham_enterprising input Net income FY2023 = 465,000,000 for period 2023-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham_enterprising input Net income FY2024 = 465,000,000 for period 2024-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham_enterprising input Net income FY2025 = 441,000,000 for period 2025-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham_enterprising input EPS diluted FY2025 = 0.79 for period 2025-12-31 from SEC XBRL EarningsPerShareDiluted (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham_enterprising input EPS diluted FY2020 = -5.44 for period 2020-12-31 from SEC XBRL EarningsPerShareDiluted (accession 0000092380-23-000010) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
graham_enterprising input equity = 7,082,000,000 for period 2026-06-30 from SEC XBRL StockholdersEquity (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
The piotroski verification block reads verified 0, mismatch 0, unverified 27, not_cross_checked 0; stale_inputs: none. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input net_income 2025-12-31 = 441,000,000 for period 2025-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input total_assets 2025-12-31 = 29,061,000,000 for period 2025-12-31 from SEC XBRL Assets (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input cfo 2025-12-31 = 1,842,000,000 for period 2025-12-31 from SEC XBRL NetCashProvidedByUsedInOperatingActivities (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input net_income 2024-12-31 = 465,000,000 for period 2024-12-31 from SEC XBRL NetIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input total_assets 2024-12-31 = 33,750,000,000 for period 2024-12-31 from SEC XBRL Assets (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input lt_debt 2025-12-31 = 4,577,000,000 for period 2025-12-31 from SEC XBRL LongTermDebtAndCapitalLeaseObligations (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input lt_debt 2024-12-31 = 5,069,000,000 for period 2024-12-31 from SEC XBRL LongTermDebtAndCapitalLeaseObligations (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input current_assets 2025-12-31 = 5,645,000,000 for period 2025-12-31 from SEC XBRL AssetsCurrent (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input current_assets 2024-12-31 = 11,274,000,000 for period 2024-12-31 from SEC XBRL AssetsCurrent (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input current_liabilities 2025-12-31 = 10,921,000,000 for period 2025-12-31 from SEC XBRL LiabilitiesCurrent (accession 0000092380-26-000077) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input current_liabilities 2024-12-31 = 12,276,000,000 for period 2024-12-31 from SEC XBRL LiabilitiesCurrent (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input shares_out 2026-10-21 = 489,602,380 for period 2026-10-21 from SEC cover page 10-Q 0000092380-26-000107 (489,602,380 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/92380/000009238026000107/luv-20260930.htm (accession 0000092380-26-000107) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input shares_out 2025-10-22 = 517,155,080 for period 2025-10-22 from SEC XBRL EntityCommonStockSharesOutstanding (accession 0000092380-25-000140) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input operating_income 2025-12-31 = 428,000,000 for period 2025-12-31 from SEC XBRL OperatingIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input operating_income 2024-12-31 = 321,000,000 for period 2024-12-31 from SEC XBRL OperatingIncomeLoss (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input revenue 2025-12-31 = 28,063,000,000 for period 2025-12-31 from SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
piotroski input revenue 2024-12-31 = 27,483,000,000 for period 2024-12-31 from SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax (accession 0000092380-26-000004) is marked unverified; no second-source value is stored for it. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
buffett input Capital expenditure FY2021 = 505,000,000 is taken from PaymentsToAcquireProductiveAssets, which the record labels a capex fallback; companyfacts has no PaymentsToAcquirePropertyPlantAndEquipment fact for frame CY2021. [XBRL companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000092380.json)
buffett input Capital expenditure FY2022 = 3,924,000,000 is taken from PaymentsToAcquireProductiveAssets, which the record labels a capex fallback; companyfacts has no PaymentsToAcquirePropertyPlantAndEquipment fact for frame CY2022. [XBRL companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000092380.json)
buffett input Capital expenditure FY2023 = 3,520,000,000 is taken from PaymentsToAcquireProductiveAssets, which the record labels a capex fallback; companyfacts has no PaymentsToAcquirePropertyPlantAndEquipment fact for frame CY2023. [XBRL companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000092380.json)
buffett input Capital expenditure FY2024 = 2,054,000,000 is taken from PaymentsToAcquireProductiveAssets, which the record labels a capex fallback; companyfacts has no PaymentsToAcquirePropertyPlantAndEquipment fact for frame CY2024. [XBRL companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000092380.json)
buffett input Capital expenditure FY2025 = 2,673,000,000 is taken from PaymentsToAcquireProductiveAssets, which the record labels a capex fallback; companyfacts has no PaymentsToAcquirePropertyPlantAndEquipment fact for frame CY2025. [XBRL companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000092380.json)
Price in the record is 41.75 as of 2026-10-23 from Alpaca Market Data (consolidated SIP daily bar); no Yahoo cross-fetch was made today. [Alpaca market data docs](https://docs.alpaca.markets/docs/historical-stock-data-1)
Mismatch rows written in this section: 2. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)

## 7. Agent log

2026-10-25 06:06 CEST: fetched the EDGAR submissions JSON; SEC fetches for this ticker used the pipeline's declared SEC user agent from stockgrid/http.py at 0.15 s spacing. [EDGAR submissions](https://data.sec.gov/submissions/CIK0000092380.json)
Latest 10-K on file: filed 2026-02-05, period 2025-12-31, accession 0000092380-26-000004; section 1 and the 10-K lines of section 2 were written today from this document. [10-K](https://www.sec.gov/Archives/edgar/data/92380/000009238026000004/luv-20251231.htm)
Fetched every 8-K primary document filed 2026-04-28 to 2026-10-25 (7 filings) and read the item text. [EDGAR 8-K list](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000092380&type=8-K)
Fetched and parsed the Form 4 XML documents filed 2025-10-25 to 2026-10-25, including footnotes and the aff10b5One element. [EDGAR Form 4 list](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000092380&type=4)
Fetched XBRL companyfacts for the balance-sheet figures in section 2. [XBRL companyfacts](https://data.sec.gov/api/xbrl/companyfacts/CIK0000092380.json)
Read the stock record for sections 3, 5 and 6. [site/s/LUV.json](https://theclaudetrader.com/s/LUV.json)
No SEC document in this dossier's fetch list remained unreachable. [EDGAR submissions](https://data.sec.gov/submissions/CIK0000092380.json)
Not reached: 8-K exhibits (press releases), 10-Q text beyond XBRL facts, proxy statement, Form 144 notices and a fresh Yahoo fetch. [EDGAR submissions](https://data.sec.gov/submissions/CIK0000092380.json)