西南航空 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period endedMarch 31, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from ________ to ________ SOUTHWEST AIRLINES CO.(Exact name of registrant as specified in its charter) Registrant's telephone number, including area code:(214) 792-4000Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company.See the definitions of "large accelerated filer," "accelerated filer," "smallerreporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filerAccelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐NoNumber of shares of Common Stock outstanding as of the close of business on April22, 2026: 488,773,713 TABLE OF CONTENTS TO FORM 10-Q PART I - FINANCIAL INFORMATIONItem 1. Financial StatementsCondensed Consolidated Balance Sheet as of March 31, 2026 and December 31, 2025Condensed Consolidated Statement of Comprehensive Income (Loss) for the three months ended March 31, 2026and 2025Condensed Consolidated Statement of Stockholders' Equity as of March 31, 2026 and 2025Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2026 and 2025Notes to Condensed Consolidated Financial StatementsItem 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPART II - OTHER INFORMATIONItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. ExhibitsSIGNATURES Southwest Airlines Co.Condensed Consolidated Balance Sheet(in millions)(unaudited) Southwest Airlines Co.Condensed Consolidated Statement of Comprehensive Income (Loss)(in millions, except per share amounts)(unaudited) See accompanying notes. Southwest Airlines Co.Notes to Condensed Consolidated Financial Statements(unaudited) 1. Basis of Presentation2. New Accounting Pronouncements3. Financial Derivative Instruments4. Comprehensive Income (Loss)5. Revenue6. Net Income (Loss) Per Share7. Fair Value Measurements8. Supplemental Financial Information9. Commitments and Contingencies10. Debt Southwest Airlines Co.Notes to Condensed Consolidated Financial Statements(unaudited) 1.BASIS OF PRESENTATION Basis of Presentation Southwest Airlines Co. (the "Company" or "Southwest") operates Southwest Airlines, a major passenger airline thatprovides scheduled air transportation in the United States and near-international markets. The unaudited CondensedConsolidated Financial Statements include accounts of the Company and its wholly owned subsidiaries. The accompanying unaudited Condensed Consolidated Financial Statements of the Company and its subsidiaries havebeen prepared in accordance with accounting principles generally accepted in the United States for interim financialinformation and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include allof the information and footnotes required by generally accepted accounting principles in the United States ("GAAP") forcomplete financial statements as required in Form 10-K. The unaudited Condensed Consolidated Financial Statements forthe interim periods ended March31, 2026 and 2025 include all adjustments which are, in the opinion of management,necessary for a fair presentation of the results for the interim periods. This includes all normal and recurring adjustmentsand elimination of significant intercompany trans