Southwest airlines reports fourth quarter and full year 2024 results

Dallas , jan. 30, 2025 /prnewswire/ -- southwest airlines co. (nyse: luv) (the "company") today reported its fourth quarter and full year 2024 financial results: fourth quarter and full year net income of $261 million and $465 million, or $0.42 and $0.76 per diluted share, respectively fourth quarter and full year net income, excluding special items1, of $356 million and $597 million, or $0.56 and $0.96 per diluted share, respectively record fourth quarter and record full year operating revenues of $6.9 billion and $27.5 billion, respectively record fourth quarter and record full year operating revenues, excluding special items1, of $7.0 billion and $27.6 billion, respectively fourth quarter revenues per available seat mile, excluding special items1, increased 8.0 percent, year-over-year, resulting from strong execution of tactical initiatives liquidity2 of $9.7 billion, well in excess of debt outstanding of $6.7 billion returned $680 million to shareholders in the form of dividends and share repurchases in 2024 announced a $750 million accelerated share repurchase program ("asr") under the company's $2.5 billion share repurchase authorization bob jordan, president, chief executive officer, & vice chairman of the board of directors, stated, "we closed out 2024 with positive momentum from our revenue initiatives and the performance of our operation. while we still have much work to do, we are pleased that the improvements from our tactical initiatives are materializing faster than expected, and our progress continues to be further supported by a constructive demand environment and industry backdrop.
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