$LUV
SOUTHWEST AIRLINES CO Stock $luv

$luv Overview Financials Valuation SEC Filings Company Website

2016 Q4 Form 10-Q Financial Statement

#000009238016000270 Filed on October 31, 2016

Income Statement

Concept	2016 Q4	2016 Q3	2015 Q3
Revenue	$5.076B	$5.139B	$5.318B
YoY Change	1.99%	-3.37%	10.79%
Cost Of Revenue	$1.299B	$1.304B	$1.299B
YoY Change	14.35%	0.38%	-25.6%
Gross Profit	$3.776B	$3.835B	$4.019B
YoY Change	-1.69%	-4.58%	31.6%
Gross Profit Margin	74.39%	74.63%	75.57%
Selling, General & Admin	$1.953B	$2.167B	$1.958B
YoY Change	0.98%	10.67%	21.54%
% of Gross Profit	51.72%	56.51%	48.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$318.0M	$315.0M	$257.0M
YoY Change	20.45%	22.57%	7.98%
% of Gross Profit	8.42%	8.21%	6.39%
Operating Expenses	$2.931B	$4.444B	$4.093B
YoY Change	4.38%	8.58%	-2.22%
Operating Profit	$846.0M	$695.0M	$1.225B
YoY Change	-17.54%	-43.27%	99.51%
Interest Expense	-$36.00M	$31.00M	$31.00M
YoY Change	-79.89%	0.0%	-134.83%
% of Operating Profit	-4.26%	4.46%	2.53%
Other Income/Expense, Net		-$77.00M	-$292.0M
YoY Change		-73.63%	228.09%
Pretax Income	$809.0M	$618.0M	$933.0M
YoY Change	-4.49%	-33.76%	77.71%
Income Tax	$287.0M	$230.0M	$349.0M
% Of Pretax Income	35.48%	37.22%	37.41%
Net Earnings	$522.0M	$388.0M	$584.0M
YoY Change	-2.61%	-33.56%	77.51%
Net Earnings / Revenue	10.28%	7.55%	10.98%
Basic Earnings Per Share	$0.85	$0.63	$0.89
Diluted Earnings Per Share	$0.84	$0.62	$0.88
COMMON SHARES
Basic Shares Outstanding	615.6M shares	618.0M shares	655.0M shares
Diluted Shares Outstanding		625.0M shares	663.0M shares

Balance Sheet

Concept	2016 Q4	2016 Q3	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.305B	$3.446B	$3.096B
YoY Change	8.33%	11.3%	-13.03%
Cash & Equivalents	$1.680B	$1.966B	$1.740B
Short-Term Investments	$1.625B	$1.480B	$1.356B
Other Short-Term Assets	$310.0M	$214.0M	$704.0M
YoY Change	64.89%	-69.6%	33.33%
Inventory	$337.0M	$331.0M	$308.0M
Prepaid Expenses
Receivables	$546.0M	$848.0M	$465.0M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$4.498B	$4.839B	$4.573B
YoY Change	11.78%	5.82%	-8.26%
LONG-TERM ASSETS
Property, Plant & Equipment	$17.04B	$16.55B	$14.93B
YoY Change	9.25%	10.83%	6.9%
Goodwill	$970.0M	$970.0M	$970.0M
YoY Change	0.0%	0.0%	0.0%
Intangibles	$426.0M	$430.0M	$469.0M
YoY Change	-8.19%	-8.32%	28.14%
Long-Term Investments
YoY Change
Other Assets	$774.0M	$690.0M	$687.0M
YoY Change	7.95%	0.44%	10.99%
Total Long-Term Assets	$18.79B	$18.21B	$16.59B
YoY Change	8.68%	9.77%	6.63%
TOTAL ASSETS
Total Short-Term Assets	$4.498B	$4.839B	$4.573B
Total Long-Term Assets	$18.79B	$18.21B	$16.59B
Total Assets	$23.29B	$23.05B	$21.16B
YoY Change	9.26%	8.91%	3.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.178B	$1.021B	$1.235B
YoY Change	-0.84%	-17.33%	4.22%
Accrued Expenses	$1.985B	$2.146B	$2.049B
YoY Change	-23.39%	4.73%	60.45%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$566.0M	$972.0M	$287.0M
YoY Change	-11.15%	238.68%	-52.72%
Total Short-Term Liabilities	$6.844B	$7.816B	$7.084B
YoY Change	-7.59%	10.33%	9.9%
LONG-TERM LIABILITIES
Long-Term Debt	$2.946B	$2.458B	$2.545B
YoY Change	8.87%	-3.42%	9.37%
Other Long-Term Liabilities	$728.0M	$661.0M	$931.0M
YoY Change	-4.21%	-29.0%	41.49%
Total Long-Term Liabilities	$728.0M	$661.0M	$931.0M
YoY Change	-4.21%	-29.0%	41.49%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.844B	$7.816B	$7.084B
Total Long-Term Liabilities	$728.0M	$661.0M	$931.0M
Total Liabilities	$7.572B	$8.477B	$8.015B
YoY Change	-7.27%	5.76%	12.82%
SHAREHOLDERS EQUITY
Retained Earnings	$11.42B	$10.96B	$8.922B
YoY Change	21.35%	22.81%	22.79%
Common Stock	$2.218B	$2.210B	$2.138B
YoY Change	1.65%	3.37%	2.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$4.872B	$4.621B	$3.189B
YoY Change	53.11%	44.9%	73.98%
Treasury Stock Shares	192.5M shares
Shareholders Equity	$7.784B	$8.047B	$6.968B
YoY Change
Total Liabilities & Shareholders Equity	$23.29B	$23.05B	$21.16B
YoY Change	9.26%	8.91%	3.02%

Cashflow Statement

Concept	2016 Q4	2016 Q3	2015 Q3
OPERATING ACTIVITIES
Net Income	$522.0M	$388.0M	$584.0M
YoY Change	-2.61%	-33.56%	77.51%
Depreciation, Depletion And Amortization	$318.0M	$315.0M	$257.0M
YoY Change	20.45%	22.57%	7.98%
Cash From Operating Activities	$709.0M	$856.0M	$836.0M
YoY Change	118.83%	2.39%	248.33%
INVESTING ACTIVITIES
Capital Expenditures	-$713.0M	-$497.0M	-$262.0M
YoY Change	-14.71%	89.69%	-39.49%
Acquisitions
YoY Change
Other Investing Activities	-$126.0M	-$5.000M	$0.00
YoY Change	14.55%		-100.0%
Cash From Investing Activities	-$839.0M	-$584.0M	-$259.0M
YoY Change	-11.31%	125.48%	488.64%
FINANCING ACTIVITIES
Cash Dividend Paid		$62.00M	$49.00M
YoY Change		26.53%
Common Stock Issuance & Retirement, Net		$250.0M	$500.0M
YoY Change		-50.0%	150.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-156.0M	-$346.0M	-$609.0M
YoY Change	-133.55%	-43.19%	147.56%
NET CHANGE
Cash From Operating Activities	709.0M	$856.0M	$836.0M
Cash From Investing Activities	-839.0M	-$584.0M	-$259.0M
Cash From Financing Activities	-156.0M	-$346.0M	-$609.0M
Net Change In Cash	-286.0M	-$74.00M	-$32.00M
YoY Change	82.17%	131.25%	-36.0%
FREE CASH FLOW
Cash From Operating Activities	$709.0M	$856.0M	$836.0M
Capital Expenditures	-$713.0M	-$497.0M	-$262.0M
Free Cash Flow	$1.422B	$1.353B	$1.098B
YoY Change	22.59%	23.22%	63.15%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000092380
CY2016Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	615597738	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	SOUTHWEST AIRLINES CO
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CY2016Q3	luv	Aircraft Maintenance Payable AircraftMaintenancePayable	25000000	USD
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CY2016Q3	us-gaap	Derivative Nonmonetary Notional Amount Percent Of Required Need Coverage DerivativeNonmonetaryNotionalAmountPercentOfRequiredNeedCoverage	0.58
CY2015Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.89
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CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.63
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CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.88
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CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.62
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CY2016Q3	us-gaap	Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings	-46000000	USD
	us-gaap	Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings	128000000	USD
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CY2016Q3	us-gaap	Fair Value Assets Level1 To Level2 Transfers Amount FairValueAssetsLevel1ToLevel2TransfersAmount	0	USD
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CY2016Q3	us-gaap	Fair Value Assets Level2 To Level1 Transfers Amount FairValueAssetsLevel2ToLevel1TransfersAmount	0	USD
CY2015Q4	us-gaap	Fair Value Liabilities Level1 To Level2 Transfers Amount FairValueLiabilitiesLevel1ToLevel2TransfersAmount	0	USD
CY2016Q3	us-gaap	Fair Value Liabilities Level1 To Level2 Transfers Amount FairValueLiabilitiesLevel1ToLevel2TransfersAmount	0	USD
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CY2016Q3	us-gaap	Fair Value Liabilities Level2 To Level1 Transfers Amount FairValueLiabilitiesLevel2ToLevel1TransfersAmount	0	USD
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	-20000000	USD
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CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	61000000	USD
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	191000000	USD
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	17000000	USD
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	74000000	USD
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements	246000000	USD
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements	633000000	USD
CY2015Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet	0	USD
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet	0	USD
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Gain Loss Included In Other Comprehensive Income Loss FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisGainLossIncludedInOtherComprehensiveIncomeLoss	-28000000	USD
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Gain Loss Included In Other Comprehensive Income Loss FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisGainLossIncludedInOtherComprehensiveIncomeLoss	106000000	USD
CY2015Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet	0	USD
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet	0	USD
CY2015Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	1649000000	USD
CY2016Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	881000000	USD
CY2016Q3	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue	665000000	USD
CY2015Q4	us-gaap	Flight Equipment Gross FlightEquipmentGross	19462000000	USD
CY2016Q3	us-gaap	Flight Equipment Gross FlightEquipmentGross	19978000000	USD
CY2015Q3	us-gaap	Fuel Costs FuelCosts	936000000	USD
	us-gaap	Fuel Costs FuelCosts	2818000000	USD
CY2016Q3	us-gaap	Fuel Costs FuelCosts	941000000	USD
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CY2015Q3	us-gaap	Gain Loss On Components Excluded From Assessment Of Price Risk Fair Value Hedge Effectiveness GainLossOnComponentsExcludedFromAssessmentOfPriceRiskFairValueHedgeEffectiveness	33000000	USD
	us-gaap	Gain Loss On Components Excluded From Assessment Of Price Risk Fair Value Hedge Effectiveness GainLossOnComponentsExcludedFromAssessmentOfPriceRiskFairValueHedgeEffectiveness	81000000	USD
CY2016Q3	us-gaap	Gain Loss On Components Excluded From Assessment Of Price Risk Fair Value Hedge Effectiveness GainLossOnComponentsExcludedFromAssessmentOfPriceRiskFairValueHedgeEffectiveness	34000000	USD
	us-gaap	Gain Loss On Components Excluded From Assessment Of Price Risk Fair Value Hedge Effectiveness GainLossOnComponentsExcludedFromAssessmentOfPriceRiskFairValueHedgeEffectiveness	117000000	USD
CY2015Q4	us-gaap	Goodwill Goodwill	970000000	USD
CY2016Q3	us-gaap	Goodwill Goodwill	970000000	USD
CY2015Q3	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	0	USD
	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	0	USD
CY2016Q3	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	0	USD
	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	21000000	USD
CY2015Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	933000000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	2632000000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	618000000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	2738000000	USD
CY2015Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	349000000	USD
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CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	230000000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1016000000	USD
CY2015Q3	us-gaap	Income Taxes Paid IncomeTaxesPaid	409000000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	975000000	USD
CY2016Q3	us-gaap	Income Taxes Paid IncomeTaxesPaid	264000000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	902000000	USD
CY2015Q3	us-gaap	Increase Decrease Cash Collateral From Counterparties IncreaseDecreaseCashCollateralFromCounterparties	181000000	USD
	us-gaap	Increase Decrease Cash Collateral From Counterparties IncreaseDecreaseCashCollateralFromCounterparties	-213000000	USD
CY2016Q3	us-gaap	Increase Decrease Cash Collateral From Counterparties IncreaseDecreaseCashCollateralFromCounterparties	114000000	USD
	us-gaap	Increase Decrease Cash Collateral From Counterparties IncreaseDecreaseCashCollateralFromCounterparties	230000000	USD
CY2015Q3	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	-4000000	USD
	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	86000000	USD
CY2016Q3	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	320000000	USD
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CY2015Q3	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	380000000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	424000000	USD
CY2016Q3	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	247000000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	272000000	USD
CY2015Q3	us-gaap	Increase Decrease In Deferred Air Traffic Revenue IncreaseDecreaseInDeferredAirTrafficRevenue	-301000000	USD
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CY2016Q3	us-gaap	Increase Decrease In Deferred Air Traffic Revenue IncreaseDecreaseInDeferredAirTrafficRevenue	-77000000	USD
	us-gaap	Increase Decrease In Deferred Air Traffic Revenue IncreaseDecreaseInDeferredAirTrafficRevenue	686000000	USD
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CY2016Q3	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	16000000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	61000000	USD
CY2015Q3	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	6000000	shares
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CY2015Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2000000	shares
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CY2016Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1000000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2000000	shares
CY2015Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	464000000	USD
CY2016Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	430000000	USD
CY2015Q3	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	9000000	USD
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CY2016Q3	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	12000000	USD
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CY2015Q3	us-gaap	Interest Expense InterestExpense	31000000	USD
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CY2016Q3	us-gaap	Interest Expense InterestExpense	31000000	USD
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CY2015Q3	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	1000000	USD
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CY2015Q3	us-gaap	Interest Paid Net InterestPaidNet	33000000	USD
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CY2016Q3	us-gaap	Interest Paid Net InterestPaidNet	27000000	USD
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CY2015Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	2000000	USD
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CY2016Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	6000000	USD
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CY2015Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	1699000000	USD
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CY2016Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	1909000000	USD
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CY2015Q3	us-gaap	Landing Fees And Other Rentals LandingFeesAndOtherRentals	303000000	USD
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CY2016Q3	us-gaap	Landing Fees And Other Rentals LandingFeesAndOtherRentals	307000000	USD
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CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	21312000000	USD
CY2016Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	23045000000	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	7406000000	USD
CY2016Q3	us-gaap	Liabilities Current LiabilitiesCurrent	7816000000	USD
CY2016Q3	us-gaap	Line Of Credit Facility Current Borrowing Capacity LineOfCreditFacilityCurrentBorrowingCapacity	1000000000	USD
CY2016Q3	us-gaap	Line Of Credit Facility Expiration Date1 LineOfCreditFacilityExpirationDate1	2021-08-03
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CY2016Q3	us-gaap	Line Of Credit Facility Initiation Date1 LineOfCreditFacilityInitiationDate1	2016-08-03
CY2016Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	1500000000	USD
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	2541000000	USD
CY2016Q3	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	2323000000	USD
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	637000000	USD
CY2016Q3	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	972000000	USD
CY2015Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-609000000	USD
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CY2016Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-346000000	USD
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CY2015Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-259000000	USD
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CY2016Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-584000000	USD
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CY2015Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	836000000	USD
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CY2016Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	856000000	USD
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CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	584000000	USD
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CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	388000000	USD
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CY2015Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	585000000	USD
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CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	389000000	USD
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CY2015Q3	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	0	USD
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CY2016Q3	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	20000000	USD
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CY2015Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-292000000	USD
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CY2016Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-77000000	USD
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CY2015Q3	us-gaap	Operating Expenses OperatingExpenses	4093000000	USD
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CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	4444000000	USD
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CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	1225000000	USD
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CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	695000000	USD
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CY2015Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	246000000	USD
CY2016Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	219000000	USD
CY2015Q4	us-gaap	Other Assets OtherAssets	717000000	USD
CY2016Q3	us-gaap	Other Assets OtherAssets	690000000	USD
CY2015Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	213000000	USD
CY2016Q3	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	225000000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	717000000	USD
CY2016Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	690000000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-239000000	USD
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CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	129000000	USD
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CY2015Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-3000000	USD
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CY2015Q3	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-2000000	USD
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CY2015Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	572000000	USD
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CY2016Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	658000000	USD
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CY2015Q4	us-gaap	Other Deferred Compensation Arrangements Liability Classified Noncurrent OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent	179000000	USD
CY2016Q3	us-gaap	Other Deferred Compensation Arrangements Liability Classified Noncurrent OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent	195000000	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	760000000	USD
CY2016Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	661000000	USD
CY2015Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-272000000	USD
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CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-64000000	USD
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CY2015Q3	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-308000000	USD
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CY2016Q3	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-43000000	USD
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CY2015Q3	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	386000000	USD
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	791000000	USD
CY2016Q3	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	428000000	USD
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	1250000000	USD
CY2015Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	98000000	USD
CY2016Q3	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	82000000	USD
CY2015Q3	us-gaap	Passenger Revenue PassengerRevenue	4716000000	USD
	us-gaap	Passenger Revenue PassengerRevenue	13746000000	USD
CY2016Q3	us-gaap	Passenger Revenue PassengerRevenue	4669000000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
CY2015Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	500000000	USD
	us-gaap	Passenger Revenue PassengerRevenue	13971000000	USD
CY2015Q3	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	32000000	USD
	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	76000000	USD
CY2016Q3	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	33000000	USD
	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	70000000	USD
CY2015Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	9000000	USD
CY2016Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-5000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1180000000	USD
CY2016Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	250000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1450000000	USD
CY2015Q3	us-gaap	Payments Of Dividends PaymentsOfDividends	49000000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	180000000	USD
CY2016Q3	us-gaap	Payments Of Dividends PaymentsOfDividends	62000000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	222000000	USD
CY2015Q3	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	230000000	USD
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	1231000000	USD
CY2016Q3	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	464000000	USD
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	1364000000	USD
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	170000000	USD
CY2016Q3	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	68000000	USD
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	171000000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9409000000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	16546000000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	3219000000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	3600000000	USD
CY2015Q3	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	79000000	USD
CY2015Q3	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	506000000	USD
	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	1383000000	USD
CY2016Q3	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	641000000	USD
	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	1670000000	USD
CY2015Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	201000000	USD
CY2016Q3	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	215000000	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	188000000	USD
CY2016Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	214000000	USD
CY2016Q3	us-gaap	Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months	-401000000	USD
	us-gaap	Proceeds And Excess Tax Benefit From Sharebased Compensation ProceedsAndExcessTaxBenefitFromSharebasedCompensation	7000000	USD
CY2015Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	4000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-7000000	USD
CY2016Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-3000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-10000000	USD
CY2015Q3	us-gaap	Proceeds From Sale Of Short Term Investments ProceedsFromSaleOfShortTermInvestments	509000000	USD
	us-gaap	Proceeds From Sale Of Short Term Investments ProceedsFromSaleOfShortTermInvestments	1732000000	USD
CY2016Q3	us-gaap	Proceeds From Sale Of Short Term Investments ProceedsFromSaleOfShortTermInvestments	549000000	USD
	us-gaap	Proceeds From Sale Of Short Term Investments ProceedsFromSaleOfShortTermInvestments	1671000000	USD
CY2015Q3	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	9000000	USD
	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	30000000	USD
CY2016Q3	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	6000000	USD
	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	23000000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	24685000000	USD
CY2016Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	25841000000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	15601000000	USD
CY2016Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	10957000000	USD
CY2015Q3	us-gaap	Revenues Revenues	5318000000	USD
	us-gaap	Revenues Revenues	14843000000	USD
CY2016Q3	us-gaap	Revenues Revenues	5139000000	USD
	us-gaap	Revenues Revenues	15350000000	USD
CY2015Q4	us-gaap	Sale Leaseback Transaction Deferred Gain Net SaleLeasebackTransactionDeferredGainNet	43000000	USD
CY2016Q3	us-gaap	Sale Leaseback Transaction Deferred Gain Net SaleLeasebackTransactionDeferredGainNet	33000000	USD
CY2015Q4	us-gaap	Short Term Investments ShortTermInvestments	1468000000	USD
CY2016Q3	us-gaap	Short Term Investments ShortTermInvestments	1480000000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	7358000000	USD
CY2016Q3	us-gaap	Stockholders Equity StockholdersEquity	8047000000	USD
CY2015Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	179000000	USD
CY2016Q3	us-gaap	Taxes Payable Current TaxesPayableCurrent	165000000	USD
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	3182000000	USD
	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">BASIS OF PRESENTATION</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Southwest Airlines Co. (the “Company”) operates Southwest Airlines, a major passenger airline that provides scheduled air transportation in the United States and near-international markets. The unaudited Condensed Consolidated Financial Statements include accounts of the Company and its wholly owned subsidiaries, which include AirTran Holdings, LLC, the parent company of AirTran Airways, Inc. (“AirTran Airways”). On May 2, 2011 (the “acquisition date”), the Company acquired all of the outstanding equity of AirTran Holdings, Inc. (“AirTran Holdings”), the former parent company of AirTran Airways. Throughout this Form 10-Q, the Company makes reference to AirTran, which is meant to be inclusive of the following: (i) for periods prior to the acquisition date, AirTran Holdings and its subsidiaries, including, among others, AirTran Airways; and (ii) for periods on and after the acquisition date, AirTran Holdings, LLC, the successor to AirTran Holdings, and its subsidiaries, including among others, AirTran Airways. AirTran's final passenger service was on December 28, 2014.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The accompanying unaudited Condensed Consolidated Financial Statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles in the United States (“GAAP”) for complete financial statements. The unaudited Condensed Consolidated Financial Statements for the interim periods ended </font><font style="font-family:Times New Roman;font-size:11pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">September 30, 2016</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:Times New Roman;font-size:11pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:11pt;"> 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 adjustments and elimination of significant intercompany transactions. Financial results for the Company and airlines in general can be seasonal in nature. In many years, the Company's revenues, as well as its operating income and net income, have been better in its second and third fiscal quarters than in its first and fourth fiscal quarters. Air travel is also significantly impacted by general economic conditions, the amount of disposable income available to consumers, unemployment levels, corporate travel budgets, and other factors beyond the Company's control. These and other factors, such as the price of jet fuel in some periods, the nature of the Company's fuel hedging program, the periodic volatility of commodities used by the Company for hedging jet fuel, and the requirements related to hedge accounting, have created, and may continue to create, significant volatility in the Company's financial results. See</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">Note 3</font><font style="font-family:inherit;font-size:11pt;"> for further information on fuel and the Company's hedging program. Operating results for the </font><font style="font-family:inherit;font-size:11pt;">three and nine months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">September 30, 2016</font><font style="font-family:inherit;font-size:11pt;">, are not necessarily indicative of the results that may be expected for future quarters or for the year ended </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">December 31, 2016</font><font style="font-family:inherit;font-size:11pt;">. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Southwest Airlines Co. Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:11pt;">December 31, 2015</font><font style="font-family:inherit;font-size:11pt;">.</font></div></div>
CY2016Q3	us-gaap	Treasury Stock Value TreasuryStockValue	4621000000	USD
CY2015Q3	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-87000000	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-172000000	USD
CY2016Q3	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	67000000	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	101000000	USD
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	663000000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	673000000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	625000000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	638000000	shares
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	655000000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	665000000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	618000000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	630000000	shares
CY2015Q4	us-gaap	Workers Compensation Liability Current WorkersCompensationLiabilityCurrent	187000000	USD
CY2016Q3	us-gaap	Workers Compensation Liability Current WorkersCompensationLiabilityCurrent	179000000	USD
	us-gaap	Revenue Recognition Multiple Element Arrangements RevenueRecognitionMultipleElementArrangements	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">During second quarter 2016, the Company early adopted ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, with an effective date as of January 1, 2016. The prospective method of adoption of this standard resulted in the recognition of </font><font style="font-family:inherit;font-size:11pt;">$7 million</font><font style="font-family:inherit;font-size:11pt;"> of excess tax benefits to the Company's income tax provision for the </font><font style="font-family:inherit;font-size:11pt;">nine months ended</font><font style="font-family:inherit;font-size:11pt;"> </font><font style="font-family:inherit;font-size:11pt;">September 30, 2016</font><font style="font-family:inherit;font-size:11pt;">, all of which was recorded during second quarter 2016.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The Company sells frequent flyer points and related services to companies participating in its frequent flyer program. Historically, funds received from the sale of points associated with these agreements were accounted for under the residual method. Under this method, the Company estimated the portion of the amounts received from the sale of frequent flyer points that related to free travel and these amounts were deferred and recognized as Passenger revenue when the ultimate free travel awards were flown. On July 1, 2015, the Company executed an amended co-branded credit card agreement ("Agreement") with Chase Bank USA, N.A. (“Chase”), through which the Company sells loyalty points and other items to Chase. This material modification triggered an accounting change under ASU No. 2009-13, Multiple-Deliverable Revenue Arrangements, which has been recorded on a prospective basis. The impact of the accounting change is that the Company estimated the selling prices and volumes over the term of the Agreement in order to determine the allocation of proceeds to each of the deliverables (travel points to be awarded; use of the Southwest Airlines’ brand and access to Rapid Reward Member lists; advertising elements; and the Company’s resource team). The Company records passenger revenue related to air transportation and certificates for discounted companion travel when the transportation is delivered. The other elements are recognized as Other revenue when earned. </font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The Company followed the transition approach of ASU No. 2009-13, which required that the Company adjust the existing deferred revenue balance, classified within Air traffic liability, to reflect the value, on a relative selling price basis, of any undelivered element remaining at the date of contract modification. The relative selling price of the undelivered element (air transportation) was lower than the rate at which it had been deferred under the residual method. </font></div></div>

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$LUV
SOUTHWEST AIRLINES CO Stock $luv

2016 Q4 Form 10-Q Financial Statement

#000009238016000270 Filed on October 31, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LUV SOUTHWEST AIRLINES CO Stock $luv

2016 Q4 Form 10-Q Financial Statement

#000009238016000270 Filed on October 31, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LUV
SOUTHWEST AIRLINES CO Stock $luv