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  "documentTitle": "Southwest Airlines (LUV)",
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  "authorName": "Elliott",
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  "presentationDate": "2024-06-10 00:00:00",
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  "notes": "Uses a line chart with numbered annotations to correlate specific events with stock performance.",
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      "kind": "callout",
      "text": "Southwest reports Q4 earnings, with CEO Bob Jordan stating that \"...Our processes and technology generally worked as designed.\"",
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      "kind": "chart",
      "text": "Indexed Relative Share Price Performance vs. Peers",
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      "text": "Media headlines highlighting reputational damage and management criticism.",
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      "text": "share price performance: 30%+",
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      "text": "Southwest's operational meltdown stranded 2 million customers over the holidays and drove 30%+ share price underperformance relative to peers over 2 months(1)",
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      "kind": "quote",
      "text": "“Its Reputation in Tatters, Southwest Aims to Resume Normal Schedule on Friday” — The New York Times; “U.S. Senators blast Southwest holiday meltdown, labelled ‘unmitigated disaster’” — THOMSON REUTERS; “Southwest Doubles CEO Pay, Neglects Boardroom Risks Despite Crisis” — Forbes; “Southwest Airlines meltdown highlights insular management team” — FORTUNE; “Southwest hit by record $140 million fine for holiday service meltdown in 2022” — CNN",
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      "kind": "source-note",
      "text": "Source: Bloomberg as of 6/7/2024, Company transcripts, Company filings, media reports, Department of Transportation. (1) Reflects share price performance relative to peers from 12/20/2022 to 2/28/2023.",
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      "kind": "title",
      "text": "December 2022 Operational Meltdown",
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