Southwest Airlines Company (LUV) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to the Southwest Airlines first quarter 2026 conference call. I'm Nick and I'll be monitoring today's call, which is being recorded. A replay will be available on southwest.com in the investor relations section. After today's remarks, there will be an opportunity to ask questions. To queue up for an opportunity to ask a question, press star then one. To withdraw your question, the command is star and then two. Now, Danielle Collins, Managing Director of Investors Relations, will begin the discussion. Please go ahead, Danielle. Hello, everyone, and welcome to Southwest Airlines' first quarter 2026 earnings call. In just a moment, we will share our prepared remarks, after which we will move into Q&A. Joining me today are Bob Jordan, our President and Chief Executive Officer, Andrew Watterson, our Chief Operating Officer, and Tom Doxey, our Chief Financial Officer. Before we begin, a quick reminder that in today's session, we will be making forward-looking statements, which are based on our current expectations of future performance, and our actual results could differ materially from expectations. Also, we will reference our non-GAAP results, which exclude special items that are called out and reconciled to GAAP results in our earnings press release. With that, I'll turn the call over to Bob. Thank you, Danielle, and good morning, everyone. We appreciate you joining us today. First quarter 2026 represents an important milestone for Southwest as all our previously announced initiatives are now in place and contributing to our results. And what a difference a year makes. That broad set of commercial, operational, and cost and efficiency actions represent a fundamental transformation of our business model and is translating into strong custome...