How much is Southwest in debt?

Southwest Airlines has a total shareholder equity of $11.1B and total debt of $8.0B, which brings its debt-to-equity ratio to 72.2%. Its total assets and total liabilities are $37.0B and $25.9B respectively. Southwest Airlines's EBIT is $310.0M making its interest coverage ratio -1.



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Strong Balance sheet: Southwest's total debt and operating lease liabilities stood at $9.3 billion as of June 30, 2023, down from a peak of $13.3 billion during the pandemic. Total debt remains well below Southwest's total cash and short-term investments of $12.2 billion.

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Southwest Airlines' financial metrics Southwest Airlines brings in more operating revenue than it pays in operating expenses, an indication of the financial stability for the company. The airline held. Southwest Airlines is one of the top ten largest airlines in the North America, in terms of operating revenue in 2022.

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DALLAS, July 27, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the Company) today reported its second quarter 2023 financial results: Net income of $683 million, or $1.08 per diluted share. Net income, excluding special items1, of $693 million, or $1.09 per diluted share.

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Total debt on the balance sheet as of September 2023 : $35.01 B. According to United Airlines Holdings 's latest financial reports the company's total debt is $35.01 B. A company's total debt is the sum of all current and non-current debts.

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Since its U.S. Airways tie-up that in 2013 created the world's biggest carrier, American has been both the least lucrative of the four majors, and accumulated the most debt. And the combination limits its ability to reduce the big pile of borrowings.

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Southwest Airlines lost $159 million in the first quarter as the financial impact of its holiday meltdown stretched well into 2023. The carrier had canceled more than 16,000 flights in the final days of December. It expects revenue headwinds into the second quarter but forecast a profit.

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It wasn't all good news: The lingering impact of massive service problems caused Southwest Airlines to report a first-quarter loss, as the airline warned would happen three months ago. Weak bookings in January and February caused a $325 million hit to revenue in the quarter.

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Southwest Airlines is technically considered a Low-Cost Airline, but they do things a little differently than their low-cost competitors. Southwest still offers a cheap basic fare. But unlike other carriers that give you just a bare bones seat and one personal item for that price, Southwest includes some great perks.

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Any company operating in the airline industry must maintain and strengthen a set of competitive advantages that differentiate it from its competitors. Southwest Airlines' business model is based on extremely efficient operations, low-cost pricing, and innovative logistics solutions.

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Graduating from an aviation college can weigh down pilots with up to $300,000 in debt. Because of demand, beginning pay has increased to nearly $50,000 per year. Still, even if a potential pilot can get into an elite airline-sponsored program, such as one offered by JetBlue, the cost is $125,000.

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The carrier ranked No. 23 overall and No. 3 on the airline industry list, improving its ranking from FORTUNE's 2022 list. Southwest® has been featured consistently on the World's Most Admired Companies list since 2009.

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Southwest® is known for our legendary Hospitality and world-famous where People come first. We care for our People and communities, and our People care for each other. Our Culture is woven into all aspects of our business, from how we treat each other to how we provide Hospitality to our Customers.

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Southwest Airlines is forecasted to grow earnings and revenue by 28.9% and 5.9% per annum respectively. EPS is expected to grow by 30.8%. Return on equity is forecast to be 17.5% in 3 years.

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While the airline blamed the crisis partly on bad weather in Florida, Southwest canceled flights for far longer than its competitors. But much of Southwest's mess may be the result of long-term problems unrelated to the weather. Chief among them are outdated internal processes and information technology.

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