Southwest Airlines Co. (NYSE:LUV) Q3 2024 Results Conference Call October 24, 2024 12:30 PM ET
Company Participants
Julia Landrum - VP, IR
Bob Jordan - President & CEO
Andrew Watterson - COO
Tammy Romo - EVP & CFO
Ryan Green - EVP, Commercial Transformation
Whitney Eichinger - Chief Communications Officer
Conference Call Participants
Stephen Trent - Citi
Savi Syth - Raymond James
Duane Pfennigwerth - Evercore ISI
Tom Fitzgerald - TD Cowen
Scott Group - Wolfe Research
Jamie Baker - JPMorgan
Dan McKenzie - Seaport Global Securities
Conor Cunningham - Melius Research
Chris Stathoulopoulos - SIG
Robert Silk - Travel Weekly
Rajesh Singh - Reuters
Leslie Joseph - CNBC
Operator
Hello, everyone, and welcome to the Southwest Airlines Third Quarter 2024 Conference Call. I am Gary, and I'll be moderating 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 is an opportunity to ask questions. [Operator Instructions]
Now, Julia Landrum, Vice President of Investor Relations, will begin the discussion. Please go ahead, Julia.
Julia Landrum
Thank you so much. Hello, everyone, and welcome to Southwest Airline's third quarter 2024 earnings call. I'm joined today by our President and CEO, Bob Jordan; Chief Operating Officer; Andrew Watterson; and Executive Vice President and CFO, Tammy Romo.
Bob will start us off by reviewing the key points from our Southwest Even Better framework introduced last month at Investor Day and cover how our third quarter results reflect initial progress against our plan.
He will then turn it over to Andrew to share updates on our revenue and our industry-leading operational performance. Tammy will follow to discuss our cost performance, balance sheet and capital allocation before turning it back over to Bob who will provide a brief statement on Elliott Investment Management, after which we will move into Q&A. Ryan Greene, EVP of Commercial Transformation is also in the room with us today to support Q&A.
A quick reminder that we will make forward looking statements, which are based on current expectation 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.
Our press release with third quarter 2024 results and a supplemental presentation that includes additional details on the expected EBIT contributions of our planned initiatives, as well as the draft initiative scorecard were both issued this morning and are available on our Investor Relations website.