西南航空 2026年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the quarterly period endedMarch 31, 2026or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 Securities 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), 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 the 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," "smaller 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 TABLE OF CONTENTS TO FORM 10-Q PART I - FINANCIAL INFORMATION Item 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 2025 Condensed Consolidated Statement of Stockholders' Equity as of March 31, 2026 and 2025 Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2026 and 2025 Notes 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 Procedures PART II - OTHER INFORMATION Item 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. Exhibits SOUTHWEST AIRLINES CO.FORM 10-Q 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 Condensed 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 transactions. Financial results for the Company and airlines in general can beseasonal in nature. In most markets the Company serves, demand for air travel has historically been greater, and, therefore,revenues in the airline industry tend to be stronger, during the summer months and peak travel periods, including holidays. Operating Segments and Related Disclosures The Company's chief operating decision maker, the Company's President, Chief Executive Officer, & Vice Chairman ofthe Board of Directors, assesses performance for the Company's single reportable segment and decides how to allocate For single reportable segment-level financial information, total assets, revenues from external Customers, depreciation andamortization expense, interest income and interest expense, provision for income taxes, other non-operating expe