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Southwest Airlines One Report 2011
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Cautionary Statement Regarding Forward-Looking Statements

Statement of Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures

Online Annual Report Design
and Web Development by
Curran & Connors, Inc.

  • Overview
  • Past Performance
  • 2011 Performance
  • Future Performance Initiatives
  • Financial Management Approach
Related Links:
  • 2010 One Report external link
  • Investor Relations external link
  • Financial Statements external link
  • SEC Filings external link
  • Company Reports external link
  • Quarterly Results external link
 
At Southwest Airlines, we differentiate ourselves from our competitors by not charging our Customers for services we believe should be free.

We’ve raised the bar for U.S. airlines.

At Southwest Airlines, our passion drives us to uphold our distinction as the only U.S. airline with 39 consecutive years of profitability. This interactive, ten-year summary offers a historical look at our Performance over the past decade, as measured through the consolidated financials, ratios, and operating statistics shown.

TEN-YEAR SUMMARY

selected consolidated financial data (GAAP)

To view other years << < > >>

dollars in millions, except per share amounts

20111

2010

2009

2008

2007

2006

2005

2004

2003

2002

 

 

 

 

 

 

 

 

 

 

$14,735

$11,489

$ 9,892

$10,549

$ 9,457

$ 8,750

$ 7,279

$ 6,280

$ 5,741

$ 5,341

139

125

118

145

130

134

133

117

94

85

784

490

340

329

274

202

172

133

102

96

15,658

12,104

10,350

11,023

9,861

9,086

7,584

6,530

5,937

5,522

14,965

11,116

10,088

10,574

9,070

8,152

6,859

6,126

5,558

5,181

693

988

262

449

791

934

725

404

379

341

370

243

98

171

(267)

144

(54)

65

(225)

24

323

745

164

278

1,058

790

779

339

604

317

145

286

65

100

413

291

295

124

232

129

$178

$459

$99

$178

$645

$499

$484

$215

$372

$ 188

$.23

$.62

$.13

$.24

$.85

$.63

$.61

$.27

$.48

$.24

$.23

$.61

$.13

$.24

$.84

$.61

$.60

$.27

$.46

$.23

$.0180

$ .0180

$ .0180

$ .0180

$ .0180

$ .0180

$ .0180

$ .0180

$ .0180

$ .0180

$18,068

$15,463

$14,269

$14,068

$16,772

$13,460

$14,003

$11,137

$ 9,693

$ 8,766

$3,107

$ 2,875

$ 3,325

$ 3,498

$ 2,050

$ 1,567

$ 1,394

$ 1,700

$ 1,332

$ 1,553

$6,877

$ 6,237

$ 5,454

$ 4,953

$ 6,941

$ 6,449

$ 6,675

$ 5,527

$ 5,029

$ 4,374

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.1%

3.1%

0.7%

1.2%

4.3%

3.6%

3.9%

2.1%

4.0%

2.1%

2.7%

7.9%

1.9%

3.0%

9.6%

7.6%

7.9%

4.1%

7.9%

4.5%

4.4%

8.2%

2.5%

4.1%

8.0%

10.3%

9.6%

6.2%

6.4%

6.2%

1.1%

3.8%

1.0%

1.6%

6.5%

5.5%

6.4%

3.3%

6.3%

3.4%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

103,973,759

88,191,322

86,310,229

88,529,234

88,713,472

83,814,823

77,693,875

70,902,773

65,673,945

63,045,988

127,551,012

106,227,521

101,338,228

101,920,598

101,910,809

96,276,907

88,379,900

81,066,038

74,719,340

72,462,123

97,582,530

78,046,967

74,456,710

73,491,687

72,318,812

67,691,289

60,223,100

53,418,353

47,943,066

45,391,903

120,578,736

98,437,092

98,001,550

103,271,343

99,635,967

92,663,023

85,172,795

76,861,296

71,790,425

68,886,546

80.9%

79.3%

76.0%

71.2%

72.6%

73.1%

70.7%

69.5%

66.8%

65.9%

939

885

863

830

815

808

775

753

730

720

679

648

639

636

629

622

607

576

558

537

11:10

10:48

10:50

11:36

11:41

11:34

11:25

11:20

11:09

11:12

1,317,977

1,114,451

1,125,111

1,191,151

1,160,699

1,092,331

1,028,639

981,591

949,882

947,331

$141.72

$130.27

$114.61

$119.16

$106.60

$104.40

$ 93.68

$ 88.57

$ 87.42

$ 84.72

15.10¢

14.72¢

13.29¢

14.35¢

13.08¢

12.93¢

12.09¢

11.76¢

11.97¢

11.77¢

12.99¢

12.30¢

10.56¢

10.67¢

9.90¢

9.81¢

8.90¢

8.50¢

8.27¢

8.02¢

12.41¢

11.29¢

10.29¢

10.24¢

9.10¢

8.80¢

8.05¢

7.97¢

7.74¢

7.52¢

7.73¢

7.61¢

7.19¢

6.64¢

6.40¢

6.34¢

6.34¢

6.54¢

6.47¢

6.30¢

$3.19

$ 2.51

$ 2.12

$ 2.44

$ 1.80

$ 1.64

$ 1.13

$ 0.92

$ 0.80

$ 0.75

1,764

1,437

1,428

1,511

1,489

1,389

1,287

1,201

1,143

1,117

45,392

34,901

34,726

35,499

34,378

32,664

31,729

31,011

32,847

33,705

698

548

537

537

520

481

445

417

388

375

Operating revenues:

Passenger

Freight

Other

Total operating revenues

Operating expenses

Operating income

Other expenses (income), net

Income before income taxes

Provision for income taxes

Net income

Net income per share, basic

Net income per share, diluted

Cash dividends per common share

Total assets

Long-term debt less current maturities

Stockholders’ equity

 

Consolidated Financial Ratios

Return on average total assets

Return on average stockholders’ equity

Operating margin

Net margin

 

Consolidated Operating Statistics

Revenue Passengers carried

Enplaned Passengers

Revenue Passenger miles (RPMs) (000s)

Available seat miles (ASMs) (000s)

Passenger load factor

Average length of Passenger haul (miles)

Average stage length (miles)

Aircraft utilization (hours and minutes per day)

Trips flown

Average Passenger fare

Passenger revenue yield per RPM

Operating revenue yield per ASM

Operating expenses per ASM

Operating expenses per ASM, excluding fuel

Fuel cost per gallon, including fuel taxes (average)

Fuel consumed, in gallons (millions)

Full-time equivalent Employees at yearend

Aircraft in service at yearend2
1 Includes AirTran beginning May 2, 2011.
2 Includes leased aircraft.