SOUTHWEST AIRLINES CO
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
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6. Net Loss Per Share
- NET LOSS PER SHARE
The following table sets forth the computation of basic and diluted net loss per share (in millions, except per share amounts). Basic net loss per share is calculated by dividing net loss by the weighted average of shares outstanding during the period. Diluted net loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| NUMERATOR: | ||
| Net loss attributable to common stockholders | $(231) | $(159) |
| DENOMINATOR: | ||
| Weighted-average shares outstanding, basic and diluted | 597 | 594 |
| NET LOSS PER SHARE: | ||
| Basic | $(0.39) | $(0.27) |
| Diluted | $(0.39) | $(0.27) |
| Antidilutive amounts excluded from calculations: | ||
| Convertible debt | 43 | 42 |
| Restricted stock units | 3 | 3 |
| Stock warrants | 2 | 1 |
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