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Company Reports. Hard copies of Annual Reports may be available and can be requested by contacting Investor Relations.
- SOUTHWEST AIRLINES CO. 2021 ANNUAL REPORT TO SHAREHOLDERS
strongest balance sheet in Southwest’s history, with...
- SOUTHWEST AIRLINES CO. 2021 ANNUAL REPORT TO SHAREHOLDERS
The airline was established on March 9, 1967, by Herb Kelleher and Rollin King as Air Southwest Co. and adopted its current name, Southwest Airlines Co., in 1971, when it began operating as an intrastate airline wholly within the state of Texas, first flying between Dallas, Houston, and San Antonio.
Company Overview Southwest Airlines Co. (the “Company” or “Southwest”) operates Southwest Airlines, a major passenger airline that provides scheduled air transportation in the United States and near-international markets. Southwest commenced service on June 18, 1971, with three Boeing 737 aircraft serving three
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strongest balance sheet in Southwest’s history, with adjusted debt2 to invested capital (leverage) of just 24 percent. Remarkably, we were able to absorb the financial blow resulting from two years of a global pandemic, and end the year 2021 with adjusted balance sheet leverage of 54 percent.
SOUTHWEST AIRLINES CO. 2022 ANNUAL REPORT TO SHAREHOLDERS To our Shareholders: We are pleased to report a return to solid profitability in 2022—without any federal payroll support. For the year 2022, we achieved a net profit of $539 million, or $.87 per diluted share, compared with a 2021 net profit of $977 million, or $1.61 per diluted share ...
commercial airline history. These earnings translated to strong operating cash flow of $4.0 billion; record free cash flow 2 of $3.4 billion; and record shareholder returns of
