LUV earnings call for the period ending December 31, 2024.
Image source: The Motley Fool.
Southwest Airlines (LUV -1.23%)
Q4 2024 Earnings Call
Jan 30, 2025, 12:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Hello, everyone, and welcome to the Southwest Airlines fourth quarter 2024 conference call. I’m Gary, and I’ll be moderating today’s call, which is being recorded. A replay will be available on southwest.com in the Investor Relations section. [Operator instructions] Now, Julia Landrum, vice president of investor relations, will begin the discussion.
Please go ahead, Julia.
Julia Landrum — Vice President, Investor Relations
Thank you. Hello, everyone, and welcome to Southwest Airlines fourth quarter 2024 earnings call. I’m joined today by our president and CEO and vice chairman of the board, Bob Jordan; Chief Operating Officer Andrew Watterson; Executive Vice President and Chief Transformation Officer Ryan Green; and Executive Vice President and CFO Tammy Romo. Bob will start off by providing a high-level update on the fourth quarter and full-year 2024 performance, as well as a strategic update on our Southwest Even Better plan.
He will then turn it over to Andrew to discuss our revenue momentum and our industry-leading operational performance. Ryan will provide a progress update on our portfolio of strategic initiatives, highlighting key milestones achieved. Tammy will follow to walk through cost performance and outlook to also discuss our fleet strategy and cover balance sheet and capital allocation. Bob will wrap this up with a few comments, after which, we will move to Q&A.
As a reminder, we will make forward-looking statements, which are based on current expectations of future performance. Our actual results could differ materially from expectations. Also, we will reference non-GAAP results, which exclude special items and are called out and reconciled to GAAP results in our earnings press release. Our press release with fourth quarter 2024 results and a supplemental presentation that includes our updated initiative scorecard were both issued this morning and are available on our Investor Relations website.
And now I’m pleased to turn the call over to you, Bob.
Bob Jordan — President and Chief Executive Officer
Thank you, Julia. And before we jump into our results, I want to take a moment upfront to acknowledge the tragic accident near Reagan DCA airport last night. Our hearts go out to all those loved ones who are among the passengers and the crew. And we also extend our sympathies to our friends at American Airlines and their subsidiary, PSA Airlines, as they process this event themselves.
Finally, I want to thank the first responders who worked tirelessly throughout the night. And while we are all competitors, we are one airline community, and we will do everything that we can to support our friends in American and at PSA. Now turning to the business. 2024 was a foundational year for us.
