{"filing":{"accession_number":"0000092380-26-000098","cik":"0000092380","ticker":"LUV","company_name":"SOUTHWEST AIRLINES CO","form":"8-K","filing_date":"2026-08-12","report_date":"2026-08-10","primary_document":"luv-20260810.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238026000098/luv-20260810.htm"},"events":[{"id":27171,"run_id":24746,"accession_number":"0000092380-26-000098","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"Southwest Airlines entered into a new $2 billion five-year revolving credit facility agreement on August 10, 2026, with JPMorgan Chase and Citibank as co-administrative agents, replacing an expiring 2016 credit facility. The new facility includes an accordion feature allowing expansion to $3 billion and contains standard covenants including a Collateral Coverage Test and Coverage Ratio requirement.","company_name":"SOUTHWEST AIRLINES CO","ticker":"LUV","filing_date":"2026-08-12","form":"8-K","submitted_at":null,"items":[{"id":28588,"accession_number":"0000092380-26-000098","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 1.01 discloses entry into a material definitive agreement, with Item 2.03 (creation of direct financial obligations) incorporated by reference. This structure—cross-referencing Item 2.03 from Item 1.01—is the standard disclosure pattern for debt issuances, credit facilities, or other financial obligations. The incorporation of Item 2.03 strongly signals a debt or financing event rather than a general M\u0026A or operational agreement.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-12T20:10:39.895639+00:00","company_name":"","ticker":null,"filing_date":""},{"id":28589,"accession_number":"0000092380-26-000098","item_number":"1.02","item_title":"Termination of a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"While Item 1.02 formally discloses termination of the prior revolving credit facility dated August 3, 2016, the substance of the disclosure centers on Southwest Airlines replacing an expiring credit facility with a new revolving credit agreement (referenced in Item 2.03). The termination is incidental to the creation of a new direct financial obligation. The new credit facility is the material event; the termination is merely the mechanism by which the old facility was retired in favor of the new one.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-12T20:10:39.895639+00:00","company_name":"","ticker":null,"filing_date":""},{"id":28590,"accession_number":"0000092380-26-000098","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Southwest Airlines entered into a new $2 billion five-year revolving credit facility agreement on August 10, 2026, with JPMorgan Chase and Citibank as co-administrative agents. This is a creation of a direct financial obligation under Item 2.03, representing a material expansion of the company's liquidity and credit capacity. The facility includes an accordion feature allowing expansion to $3 billion and contains standard covenants including a Collateral Coverage Test and Coverage Ratio requirement, typical of major credit facilities.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-12T20:10:39.895639+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":28588,"accession_number":"0000092380-26-000098","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 1.01 discloses entry into a material definitive agreement, with Item 2.03 (creation of direct financial obligations) incorporated by reference. This structure—cross-referencing Item 2.03 from Item 1.01—is the standard disclosure pattern for debt issuances, credit facilities, or other financial obligations. The incorporation of Item 2.03 strongly signals a debt or financing event rather than a general M\u0026A or operational agreement.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-12T20:10:39.895639+00:00","company_name":"SOUTHWEST AIRLINES CO","ticker":"LUV","filing_date":"2026-08-12"},{"id":28589,"accession_number":"0000092380-26-000098","item_number":"1.02","item_title":"Termination of a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"While Item 1.02 formally discloses termination of the prior revolving credit facility dated August 3, 2016, the substance of the disclosure centers on Southwest Airlines replacing an expiring credit facility with a new revolving credit agreement (referenced in Item 2.03). The termination is incidental to the creation of a new direct financial obligation. The new credit facility is the material event; the termination is merely the mechanism by which the old facility was retired in favor of the new one.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-12T20:10:39.895639+00:00","company_name":"SOUTHWEST AIRLINES CO","ticker":"LUV","filing_date":"2026-08-12"},{"id":28590,"accession_number":"0000092380-26-000098","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Southwest Airlines entered into a new $2 billion five-year revolving credit facility agreement on August 10, 2026, with JPMorgan Chase and Citibank as co-administrative agents. This is a creation of a direct financial obligation under Item 2.03, representing a material expansion of the company's liquidity and credit capacity. The facility includes an accordion feature allowing expansion to $3 billion and contains standard covenants including a Collateral Coverage Test and Coverage Ratio requirement, typical of major credit facilities.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-12T20:10:39.895639+00:00","company_name":"SOUTHWEST AIRLINES CO","ticker":"LUV","filing_date":"2026-08-12"}]}