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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Catherine O'Brien | Goldman Sachs | 11 questions · 9% challenging |
| Savi Syth | Raymond James | 10 questions · 0% challenging |
| Jamie Baker | JPMorgan | 9 questions · 33% challenging |
| Conor Cunningham | Melius Research | 8 questions · 25% challenging |
| Duane Pfennigwerth | Evercore ISI | 8 questions · 13% challenging |
| Dan McKenzie | Seaport Research Partners | 7 questions · 14% challenging |
| David Vernon | Bernstein | 7 questions · 43% challenging |
| Mike Linenberg | Deutsche Bank | 6 questions · 17% challenging |
| Sheila Kahyaoglu | Jefferies | 6 questions · 17% challenging |
| Tom Fitzgerald | TD Cowen | 5 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 analyst | 11 questions · 9% challenging |
| Raymond James | 1 analyst | 10 questions · 0% challenging |
| JPMorgan | 1 analyst | 9 questions · 33% challenging |
| Evercore ISI | 1 analyst | 8 questions · 13% challenging |
| Deutsche Bank | 2 analysts | 8 questions · 13% challenging |
| Melius Research | 1 analyst | 8 questions · 25% challenging |
| Bernstein | 1 analyst | 7 questions · 43% challenging |
| Seaport Research Partners | 1 analyst | 7 questions · 14% challenging |
Reporting soon: earnings call Wednesday, Oct 21
A pre-earnings brief is ready for LUV: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
No 8-K events recorded for this window.
Record Q1 revenue of $7.2 billion with RASM up 11.2% drove 8.1 points of operating margin expansion year-over-year, while the customer buy-up rate tripled from 20% to 60%. Corporate revenue grew 16% in Q1 and 25% in March, while CASM-X of +2.3% significantly beat the 3.5% guide. Management maintained the full-year $4 EPS target but chose not to formally update it due to fuel price volatility.
Product Launch | Demand | Revenue Growth | Competitive Dynamics | Capital Allocation | Pricing | Cost Pressure | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 2 | 2 | 1 | 1 | 4 | 3 | 2 | |
| 2025Q1 | 4 | 8 | 5 | 2 | 1 | 2 | 1 | 1 |
| 2025Q2 | 1 | 4 | 3 | 3 | 3 | 1 | 2 | |
| 2025Q3 | 7 | 3 | 6 | 2 | 1 | 2 | 2 | 5 |
| 2025Q4 | 10 | 7 | 6 | 3 | 2 | 4 | 5 | |
| 2026Q1 | 3 | 3 | 3 | 5 | 5 | 6 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Product Launch | 2 | 4 | 1 | 7 | 10 | 3 |
| Demand | 2 | 8 | 4 | 3 | 7 | 3 |
| Revenue Growth | 1 | 5 | 3 | 6 | 6 | 3 |
| Competitive Dynamics | 1 | 2 | 3 | 2 | 3 | 5 |
| Capital Allocation | 4 | 1 | 3 | 1 | 2 | 5 |
| Pricing | 2 | 1 | 2 | 4 | 6 | |
| Cost Pressure | 3 | 1 | 2 | 5 | 2 | |
| Margin | 2 | 1 | 2 | 5 | 1 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $6.93B | +1.6% | $0.42 | +213.5% | 4.0% | 3.8% | $16M |
| FY2025 Q1 | $6.43B | +1.6% | $-0.26 | +33.3% | -3.5% | -2.3% | $359M |
| FY2025 Q2 | $7.24B | -1.5% | $0.39 | -32.8% | 3.1% | 2.9% | $-234M |
| FY2025 Q3 | $6.95B | +1.1% | $0.10 | -9.1% | 0.5% | 0.8% | $-391M |
| FY2025 Q4 | $7.44B | +7.4% | $0.61 | +45.2% | 5.3% | 4.3% | $-564M |
| FY2026 Q1Selected | $7.25B | +12.8% | $0.45 | +273.1% | 4.6% | 3.1% | $788M |
| FY2026 Q2 | $8.43B | +16.4% | $0.47 | +20.5% | 3.4% | 2.8% | $-228M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q1 2026Earnings call Apr 23, 2026
FY2026 Q1 in brief
Record Q1 revenue of $7.2 billion with RASM up 11.2% drove 8.1 points of operating margin expansion year-over-year, while the customer buy-up rate tripled from 20% to 60%.
Newest quarter FY2026 Q2 is part of Pro ·
Sources. Tellvest earnings-call sentiment score for Southwest Airlines (LUV), FY2026 Q1: 8/10. Scores: Southwest Airlines’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: LUV daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What LUV and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“So we've talked about is that what we've moved toward, as we have this new agreement with Chase, is very much industry standard.”
Southwest references a new loyalty/co-brand card agreement with Chase (JPMorgan) that standardizes its air-traffic-liability accounting; signal on the Chase co-brand relationship.
“Continuing enhancements to our product offering, such as our new partnership with Starlink.”
Southwest's new Starlink partnership will equip at least 300 aircraft with in-flight connectivity by year-end; positive signal for SpaceX's Starlink aviation business.
GAAP revenue YoY +12.8% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
“We're feeling confident about what we're seeing out of Boeing every month. Things seem to just be getting better and better there about their ability to deliver on time.”
Southwest reports improving, more predictable Boeing aircraft deliveries; positive signal on Boeing's 737 MAX production and delivery cadence.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
LUV Southwest Airlines | 8 | +12.8% | |
| DAL Delta Air Lines | 6 | +12.9% | |
| UAL United Airlines Holdings | 6 | +10.6% |