Form 8-K SOUTHWEST AIRLINES CO For: Nov 01

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 1, 2016

 

 

 

SOUTHWEST AIRLINES CO.

(Exact name of registrant as specified in its charter)

 

 

 

Texas		1-7259		74-1563240
(State or other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

P.O. Box 36611, Dallas, Texas		75235-1611
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (214) 792-4000

 

Not Applicable

(Former name or former address if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

---

Item 8.01

Other Events.

Southwest Airlines Co.’s Computation of the Ratio of Earnings to Fixed Charges for the nine-month periods ended September 30, 2016 and 2015 and the five fiscal years in the five-year period ended December 31, 2015 is attached as Exhibit 12.1 hereto and is incorporated by reference into this Current Report on Form 8-K.

 

Item 9.01

Financial Statements and Exhibits.

 

(d)

Exhibits

 

Exhibit No.		Description
12.1		Computation of the Ratio of Earnings to Fixed Charges.

---

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

		SOUTHWEST AIRLINES CO.
Date: November 1, 2016		By:		/s/ Tammy Romo
		Name:		Tammy Romo
		Title:		Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

---

EXHIBIT INDEX

 

Exhibit No.		Description
12.1		Computation of the Ratio of Earnings to Fixed Charges.

Exhibit 12.1

 

		Nine Months Ended September 30,								Year Ended December 31,
		2016				2015				2015				2014				2013				2012				2011
		(in millions, except ratios)
Earnings:
Income before income taxes and cumulative effect of accounting changes		$	2,738			$	2,632			$	3,479			$	1,816			$	1,210			$	685			$	323
Add: Fixed charges			310				305				401				410				406				444				469
Less: Interest capitalized			(34	)			(23	)			(31	)			(23	)			(24	)			(21	)			(12	)
Total		$	3,014			$	2,914			$	3,849			$	2,203			$	1,592			$	1,109			$	780
Fixed charges:
Interest expense, net		$	59			$	69			$	90			$	107			$	107			$	126			$	182
Add: Interest capitalized			34				23				31				23				24				21				12
Gross interest expense		$	93			$	92			$	121			$	130			$	131			$	147			$	194
Add: Interest factor of operating lease expense			217				213				280				280				275				298				275
Total		$	310			$	305			$	401			$	410			$	406			$	444			$	469
Ratio of earnings to fixed charges			9.72				9.55				9.60				5.37				3.92				2.49				1.66

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Southwest Airlines (LUV) Flight Attendants Ratify New Contract
• Dimensional Fund Advisors Ltd. : Form 8.3 - DS SMITH PLC - Ordinary Shares
• Man Group PLC : Form 8.3 - Tyman plc