SOUTHWEST AIRLINES CO — Form 10-Q
Filed October 22, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Boeing and Southwest finalized Supplemental Agreement No. 26 (SA-26) on July 31, 2026, modifying their Purchase Agreement PA-03729. The amendment involves: (1) 21 model 737-7 aircraft substituted to 737-8 (deliveries May–August 2026); (2) 22 model 737-7 substituted to 737-8 (deliveries August 2026–February 2027); (3) 11 model 737-8 converted back to 737-7 (deliveries January–April 2027); (4) 3 existing 737-8 aircraft with no substitution rights noted (January–February 2027); (5) prior exercises of 8 option aircraft (3 original + 5 from 2020 vintage) confirmed as 737-7 substitutes. Total Southwest firm order: 528 737-8 and 232 737-7 aircraft. Specific aircraft prices, escalation amounts, and advance payment terms remain redacted [***].
Why this rating
Routine contractual amendment adjusting aircraft model mix and delivery schedule. No material price renegotiation evident; operational substitutions minor relative to $16.9B market cap. Administrative adjustment.
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