Company Overview and Financial Preparedness
Financial preparedness has been our enduring strength
Southwest remained profitable for 47 consecutive years
through 2019, prior to the COVID-19 pandemic.
Our preparedness was due to a balanced approach:
Financial
• Investment-grade
balance sheet
• Ample cash and
modest debt
• Sensible financial
commitments
• Consistent
Shareholder returns
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•
Operations
Prudent
investments and
growth rate
• Balance between
market expansion
opportunities,
operational
reliability, and
financial returns
Strategy
• Robust point-to-
point, non-stop
network
• Sustainable
business model
•
•
All Boeing 737 fleet
• Reliable, efficient
operations
•
Culture
Low-cost mindset
with focus on
Culture and
empowering
Employees
History of no pay
cuts, furloughs, or
layoffs
Southwest entered the COVID-19 crisis prepared with the U.S. airline
industry's strongest balance sheet and business model; tremendous fleet
flexibility; meaningful fuel hedging protection with no floor risk; and ability
to be nimble in uncertain environments
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