Southwest Airlines (LUV) Stock Price

Southwest Airlines Price

NYSE·CLOSED
39.35USD-0.06 (-0.17 %)
Market closed

Over the last 19 years Southwest Airlines grew revenue by 6.1% annually, reaching 28.06 B USD. Earnings per share have grown at 1.5% per year over the last 19 years. For Southwest Airlines, the net margin of 1.6% is down versus 6.2% a few years ago. At today's price the dividend yield works out to roughly 1.83%. The payout ratio is around 85% of earnings. The dividend has grown at 21.4% per year over the past 19 years. The consensus 12-month price target for Southwest Airlines is 48.96 USD, about 24.4% above where the stock trades today. Of 30 analysts, 12 rate the stock a buy — an overall Hold consensus. The stock trades about 33% above its 52-week low.

Southwest Airlines stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Southwest Airlines over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Southwest Airlines stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Southwest Airlines's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Southwest Airlines Stock Price History
DateSouthwest Airlines Price
9/14/202639.35 USD
9/11/202639.41 USD
9/10/202638.69 USD
9/9/202638.68 USD
9/8/202639.10 USD
9/4/202639.62 USD
9/3/202638.73 USD
9/2/202638.61 USD
9/1/202637.68 USD
8/31/202638.89 USD
8/28/202639.98 USD
8/27/202640.40 USD
8/26/202640.67 USD
8/25/202640.82 USD
8/24/202640.56 USD
8/21/202640.38 USD
8/20/202639.89 USD
8/19/202642.18 USD
8/18/202643.01 USD
8/14/202644.26 USD
8/13/202644.87 USD
8/12/202644.98 USD
8/11/202645.52 USD
8/10/202645.31 USD
8/7/202647.05 USD
8/6/202646.94 USD
8/5/202649.05 USD
8/4/202648.90 USD
8/3/202647.07 USD
7/31/202644.97 USD
Access this data via the Eulerpool API

Southwest Airlines Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
26.09 B USD
224.00 M USD
465.00 M USD
Jan 1, 2024
27.48 B USD
321.00 M USD
465.00 M USD
Jan 1, 2025
28.06 B USD
428.00 M USD
441.00 M USD
Jan 1, 2026 (e)
33.01 B USD
2.33 B USD
1.60 B USD
Jan 1, 2027 (e)
34.29 B USD
3.20 B USD
2.28 B USD
Jan 1, 2028 (e)
35.61 B USD
4.30 B USD
2.67 B USD
Jan 1, 2029 (e)
38.21 B USD
5.25 B USD
3.37 B USD
Jan 1, 2030 (e)
40.00 B USD
5.60 B USD
3.60 B USD

Southwest Airlines Income Statement, Balance Sheet, Cash Flow Statement

Last updated Sep 15, 2026, 4:22 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
19.8220.4321.1721.9722.439.0515.7923.8126.0927.4828.0633.0134.2935.6138.2140.00
6.533.053.653.752.11-59.6674.5150.829.565.342.1117.613.883.857.314.70
32.2830.4829.5427.5826.68-20.8926.0619.9516.1916.2217.4417.4417.4417.4417.4417.44
6.406.236.256.065.98-1.894.124.754.224.464.905.765.986.216.666.98
4.123.523.413.212.96-3.971.721.030.220.320.432.333.204.305.255.60
20.7717.2416.0914.6013.18-43.9210.904.320.861.171.537.079.3312.0813.7514.00
2.182.243.492.472.30-3.070.980.540.470.470.441.602.282.673.373.60
91.992.8955.44-29.33-6.69-233.65-131.78-44.83-13.73-5.16263.4942.3616.8726.176.86
0.290.380.580.610.700.720.720.900.720.720.720.750.79
31.8231.0350.007.0214.752.8625.00-20.004.175.33
656.00621.00594.00561.00527.00590.00603.00594.00596.00641.00521.00521.00521.00521.00521.00521.00
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Southwest Airlines generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Southwest Airlines retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Southwest Airlines's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Southwest Airlines has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Southwest Airlines's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Southwest Airlines stock margins

The Southwest Airlines margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Southwest Airlines. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Southwest Airlines.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
26.06 %
10.90 %
6.19 %
Jan 1, 2022
19.95 %
4.32 %
2.26 %
Jan 1, 2023
16.19 %
0.86 %
1.78 %
Jan 1, 2024
16.22 %
1.17 %
1.69 %
Jan 1, 2025
17.44 %
1.53 %
1.57 %
Jan 1, 2026 (e)
17.44 %
7.07 %
4.86 %
Jan 1, 2027 (e)
17.44 %
9.33 %
6.66 %
Jan 1, 2028 (e)
17.44 %
12.08 %
7.49 %

Southwest Airlines Stock Revenue, EBIT, Earnings per Share

The Southwest Airlines earnings per share therefore indicates how much revenue Southwest Airlines has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
26.19 USD
2.85 USD
1.62 USD
Jan 1, 2022
40.09 USD
1.73 USD
0.91 USD
Jan 1, 2023
43.78 USD
0.38 USD
0.78 USD
Jan 1, 2024
42.88 USD
0.50 USD
0.73 USD
Jan 1, 2025
53.86 USD
0.82 USD
0.85 USD
Jan 1, 2026 (e)
67.18 USD
4.48 USD
3.26 USD
Jan 1, 2027 (e)
69.78 USD
6.14 USD
4.64 USD
Jan 1, 2028 (e)
72.47 USD
8.26 USD
5.43 USD

Southwest Airlines business model & stock analysis

Southwest Airlines Co is an American airline that was founded in 1967 under the name Air Southwest Co. It is headquartered in Dallas, Texas and is one of the largest and most successful low-cost airlines in the world. The business model of Southwest Airlines Co is based on low costs and high efficiency. The airline offers a point-to-point system, meaning it focuses on providing direct and short flight connections between cities, as it only operates passenger flights and does not transport cargo or distribute aircraft parts. Southwest Airlines uses a standardized aircraft type, the Boeing 737, to minimize maintenance and operational costs. The fleet consists of modern and fuel-efficient planes that meet the latest safety standards. This concept allows for fast flight times and quick turnaround of aircraft, maximizing the utilization of each plane. The airline's philosophy of offering high-quality flight options at the best price has made it a leader in customer satisfaction. Southwest Airlines officially has the highest customer rating among all American airlines and ranks on average 7th in the global airline ratings list. Southwest Airlines divides its flight network into five regional operating divisions, serving around 80 destinations in the US. By focusing on short-haul routes, the airline can increase flight frequency to save customers valuable time and achieve more efficient utilization of its aircraft. The absence of fees for baggage, seat reservations, and flight changes is another advantage that Southwest Airlines offers its customers, demonstrating genuine customer tolerance unlike other airlines. One of the main products of Southwest Airlines Co is affordable flight tickets that contribute to an efficient and reliable service. The airline has optimized its flight network for short-distance routes to ensure effective and cost-effective operations. The airline also offers special deals, discounts, and promotions, such as the well-known and popular "Ding" service, an online offer specialist with the world's best reservation technology. Southwest Airlines Co also offers a bonus program called Rapid Rewards, which provides customers with unique opportunities to enhance their travel experiences. The program offers members a variety of benefits, including quick and easy redemption of earned points, no seat availability restrictions, and the ability to extend the points earned on flights to hotels, car rentals, and other services - a plus for customers who value flexibility in their travel plans. In summary, Southwest Airlines Co is one of the world's largest airlines, known for its customer orientation, business strength, and award-winning management. The company uses a simple flight model to optimize efficient and cost-effective flight routes, ensuring that customers get high-quality flight options at the best price. Through clever marketing, the airline has managed to ensure customer satisfaction and promote success in the market.

Southwest Airlines SWOT Analysis

Strengths

Southwest Airlines Co has several strengths that contribute to its success. Firstly, the company has a strong brand reputation and is known for its excellent customer service. It has a loyal customer base and has been consistently recognized for its high levels of customer satisfaction. Secondly, Southwest Airlines has a low-cost operational model which enables it to provide affordable fares to its customers. This cost advantage allows the company to remain competitive in the airline industry. Additionally, Southwest Airlines has a strong focus on employee relations and has built a positive company culture. This contributes to high employee morale and productivity.

Weaknesses

Despite its strengths, Southwest Airlines Co also faces certain weaknesses that can impact its performance. One major weakness is its limited international presence. While the company has a strong domestic network, its international routes are relatively limited compared to some of its competitors. This can restrict its growth opportunities in the global market. Another weakness is its dependence on a single aircraft type, the Boeing 737. This lack of diversification in its fleet can put the company at risk if there are any issues with the specific aircraft model.

Opportunities

There are several opportunities available for Southwest Airlines Co to further expand its business. One opportunity is the growing demand for air travel in emerging markets. By strategically expanding its international routes, the company can tap into these markets and attract a broader customer base. Another opportunity lies in increasing partnerships and codeshare agreements with other airlines. This can enable Southwest Airlines to offer more destinations and improve connectivity for its customers. Additionally, the ongoing shift towards sustainable aviation presents an opportunity for the company to invest in more fuel-efficient technologies and promote its commitment to environmental responsibility.

Threats

Despite its strong market position, Southwest Airlines Co faces several threats that can impact its operations. One key threat is the intense competition in the airline industry. This competition can result in pricing pressure and reduced profit margins. Additionally, factors such as fuel price volatility and unpredictable economic conditions can pose risks to the company's financial performance. Another threat is the evolving regulatory environment, which can lead to increased compliance costs and potential disruptions to operations. Lastly, external events such as natural disasters and pandemics can significantly impact the demand for air travel and disrupt the company's operations.

Southwest Airlines Employees

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  • Max

Southwest Airlines Employees
Details
Date
Southwest Airlines Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Southwest Airlines Segments

Southwest Airlines Revenue by Segment (1/3)

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  • Max

Passenger
Other
Freight
Details
Date
Passenger
Other
Freight
Jan 1, 2018
20.46 B USD
1.34 B USD
175.00 M USD
Jan 1, 2019
20.78 B USD
1.48 B USD
172.00 M USD
Jan 1, 2020
7.67 B USD
1.22 B USD
161.00 M USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
21.41 B USD
2.23 B USD
177.00 M USD
Jan 1, 2023
23.64 B USD
2.28 B USD
175.00 M USD
Jan 1, 2024
24.98 B USD
2.33 B USD
175.00 M USD
Jan 1, 2025
25.54 B USD
2.36 B USD
171.00 M USD

Southwest Airlines Revenue by Segment (2/3)

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Passenger Revenue Non Loyalty
Other Revenue
Passenger Loyalty Air Transportation
Passenger Ancillary Sold Separately
Details
Date
Passenger Revenue Non Loyalty
Other Revenue
Passenger Loyalty Air Transportation
Passenger Ancillary Sold Separately
Jan 1, 2018
17.51 B USD
0.00 USD
2.31 B USD
642.00 M USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
2.10 B USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
2.10 B USD
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
2.20 B USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
2.60 B USD
0.00 USD
0.00 USD

Southwest Airlines Revenue by Segment (3/3)

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Passenger
Passenger Revenue Non Loyalty
Other
Passenger Loyalty Air Transportation
Passenger Ancillary Sold Separately
Freight
Details
Date
Passenger
Passenger Revenue Non Loyalty
Other
Passenger Loyalty Air Transportation
Passenger Ancillary Sold Separately
Freight
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
17.58 B USD
0.00 USD
2.49 B USD
711.00 M USD
0.00 USD
Jan 1, 2020
0.00 USD
6.30 B USD
0.00 USD
1.00 B USD
359.00 M USD
0.00 USD
Jan 1, 2021
14.07 B USD
0.00 USD
1.54 B USD
0.00 USD
0.00 USD
187.00 M USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Southwest Airlines Revenue by Region

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North America
Latin America
Details
Date
North America
Latin America
Jan 1, 2018
21.40 B USD
566.00 M USD
Jan 1, 2019
21.80 B USD
615.00 M USD
Jan 1, 2020
8.90 B USD
184.00 M USD
Jan 1, 2021
15.30 B USD
475.00 M USD
Jan 1, 2022
23.00 B USD
811.00 M USD
Jan 1, 2023
25.00 B USD
828.00 M USD
Jan 1, 2024
26.70 B USD
798.00 M USD
Jan 1, 2025
27.30 B USD
756.00 M USD

Southwest Airlines Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Southwest Airlines historical P/E ratio, EBIT multiple, and P/S ratio

Southwest Airlines annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down Southwest Airlines's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in Southwest Airlines's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare Southwest Airlines's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Southwest Airlines shares outstanding

The number of shares of Southwest Airlines was 521 M in 2025. This indicates how many shares Southwest Airlines is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
603.00 M Stocks
Jan 1, 2022
594.00 M Stocks
Jan 1, 2023
596.00 M Stocks
Jan 1, 2024
641.00 M Stocks
Jan 1, 2025
521.00 M Stocks
Jan 1, 2026 (e)
521.00 M Stocks
Jan 1, 2027 (e)
521.00 M Stocks
Jan 1, 2028 (e)
521.00 M Stocks

Southwest Airlines stock splits

Since 1990, a total of 22.78125 shares have been converted from one Southwest Airlines share.

DateRatioType
2/16/20012 : 3Stock Split
7/20/19992 : 3Stock Split
8/21/19982 : 3Stock Split
11/28/19972 : 3Stock Split
7/16/19932 : 3Stock Split
7/16/19921 : 2Stock Split
8/30/19901 : 1.5Stock Split

Southwest Airlines Dividend History

36 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.36USDYTD
Mar 12, 20260.18USD 0.0%1/2
Jun 11, 20260.18USD 0.0%2/2
20250.72USD 0.0%
Mar 12, 20250.18USD 0.0%1/4
Jun 18, 20250.18USD 0.0%2/4
Sep 3, 20250.18USD 0.0%3/4
Dec 26, 20250.18USD 0.0%4/4
20240.72USD 20.0%
20230.90USD 400.0%
20220.18USD 0.0%
20200.18USD 74.3%
20190.70USD 15.7%
20180.61USD 5.2%
20170.58USD 53.3%
20160.38USD 31.6%

Southwest Airlines dividend history and estimates

In 2025, Southwest Airlines paid a dividend amounting to 0.72 USD. Dividend means that Southwest Airlines distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2020 (e)
0.18 USD
0.54 USD
Jan 1, 2022 (e)
0.18 USD
0.54 USD
Jan 1, 2023
0.90 USD
0.00 USD
Jan 1, 2024
0.72 USD
0.00 USD
Jan 1, 2025
0.72 USD
0.00 USD
Jan 1, 2026 (e)
0.36 USD
0.36 USD
Jan 1, 2027 (e)
0.00 USD
0.75 USD
Jan 1, 2028 (e)
0.00 USD
0.79 USD

Southwest Airlines dividend payout ratio

In 2025, Southwest Airlines had a payout ratio of 85.06%. The payout ratio indicates the percentage of the company's profits that Southwest Airlines distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
99.89 %
Jan 1, 2022
99.89 %
Jan 1, 2023
115.35 %
Jan 1, 2024
99.25 %
Jan 1, 2025
85.06 %
Jan 1, 2026 (e)
22.07 %
Jan 1, 2027 (e)
16.21 %
Jan 1, 2028 (e)
14.51 %

Current Southwest Airlines forecasts and price targets in September 2026

Analyst Price Targets 2026
Δ MOM Price Target
14.29 %
Buy
40.00 % (12)
Hold
43.33 % (13)
Sell
16.67 % (5)
12M Price Target
48.96
Last Price
39.35
Currency
USD
12M Return Potential
24.44 %
LTM Return
24.63 %

Southwest Airlines Analyst Rating Actions

DateFirmActionRatingReliability
7/24/2026
JP Morgan
JP Morgan
MaintainedOverweight53
7/24/2026
Citigroup
Citigroup
MaintainedNeutral46
7/24/2026
BMO Capital
BMO Capital
MaintainedOutperform74
7/7/2026
Susquehanna
Susquehanna
MaintainedNeutral
7/6/2026
Raymond James
Raymond James
MaintainedOutperform63
7/6/2026
Morgan Stanley
Morgan Stanley
MaintainedOverweight46
7/2/2026
TD Cowen
TD Cowen
MaintainedBuy58
7/2/2026
Goldman Sachs
Goldman Sachs
MaintainedSell56
7/2/2026
BMO Capital
BMO Capital
MaintainedOutperform74
7/1/2026
B of A Securities
B of A Securities
MaintainedUnderperform60

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Southwest Airlines Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/22/20260.50USD-8.67 BUSD-2026 Q2
4/22/20260.49USD-7.33 BUSD-2026 Q1
1/28/20260.57USD-7.58 BUSD-2025 Q4
4/24/2024-0.30USD-6.26 BUSD-2024 Q1
1/24/20240.14USD-6.77 BUSD-2023 Q4
7/26/20230.96USD-7.14 BUSD-2023 Q2
4/26/20230.22USD-6.06 BUSD-2023 Q1
1/25/20230.80USD-6.70 BUSD-2022 Q4
10/27/20220.43USD0.50USD6.30 BUSD-2022 Q3
7/28/20221.20USD1.30USD6.81 BUSD-2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Southwest Airlines stock

73/100
72
Environment
79
Social
68
Governance
E

Environment

Scope 1 - Direct Emissions20,670,103
Scope 2 - Indirect emissions from purchased energy35,822
Scope 3 - Indirect emissions within the value chain6,389,646
Total CO₂ emissions20,705,925
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

Percentage of female employees44
Percentage of women in management
Percentage of Asian employees4.5
Share of Asian management4.4
Percentage of Hispanic/Latino employees16
Hispano/Latino Management share15.3
Percentage of Black employees19.1
Black Management Share19.8
Percentage of white employees54.1
White Management Share52.8
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

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Southwest Airlines shareholder structure

% Name
9.58021%
PRIMECAP MANAGEMENT CO/CA/
PRIMECAP MANAGEMENT CO/CA/
9.03411%
FRANKLIN RESOURCES INC
FRANKLIN RESOURCES INC
6.44074%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
6.17642%
ELLIOTT INVESTMENT MANAGEMENT L.P.
ELLIOTT INVESTMENT MANAGEMENT L.P.
6.00826%
STATE STREET CORP
STATE STREET CORP
5.81562%
BLACKROCK, INC.
BLACKROCK, INC.
...

Southwest Airlines Beneficial Ownership Filings (SEC 13D/G)

Free Float
98.9%
Float Shares
483.99 M
Shares Outstanding
489.21 M
StakeHolderFiling
11.80%
04-1867445
04-1867445
SEC ↗
10.44%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
9.58%
PRIMECAP MANAGEMENT CO/CA/
PRIMECAP MANAGEMENT CO/CA/
SEC ↗
9.00%
Franklin Resources, Inc.
Franklin Resources, Inc.
SEC ↗
9.00%
95-1411037
95-1411037
SEC ↗
7.70%
52-0556948
52-0556948
SEC ↗
7.25%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗
7.00%
Warren E. Buffett
Warren E. Buffett
SEC ↗
7.00%
National Indemnity Company
National Indemnity Company
SEC ↗
7.00%
Berkshire Hathaway Inc.
Berkshire Hathaway Inc.
SEC ↗

Southwest Airlines Executives and Management Board

19 members · avg. age 60 · 21 % women

RJ

Mr. Robert Jordan (64)

President, Chief Executive Officer, Vice Chairman of the Board · since 2002

10.56 M USD

Management

AW

Mr. Andrew Watterson (58)

Chief Operating Officer

5.46 M USD
RG

Mr. Ryan Green (48)

Executive Vice President, Chief Transformation Officer

3.41 M USD
TD

Mr. Tom Doxey (45)

Chief Financial Officer, Executive Vice President. Principal Financial Officer

JJ

Mr. Justin Jones (46)

Executive Vice President - Operation

JL

Ms. Julia Landrum

Vice President - IR Contact Officer

Board of Directors

GK

Mr. Gary Kelly (70)

Chairman Emeritus · since 1986

6.25 M USD
CR

Mr. Christopher Reynolds (62)

Independent Director

362,296.00 USD
RF

Mr. Robert Fornaro (72)

Director

358,691.00 USD
DH

David Hess

Independent Director

329,751.00 USD
DB

Mr. Douglas Brooks (72)

Independent Chairman of the Board

289,761.00 USD
RG

Mr. Rakesh Gangwal (71)

Independent Director

255,785.00 USD

Southwest Airlines Supply Chain

Southwest Airlines Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
Sabre
Supplier·IT Services·US
0.65
0.88
0.42
0.49
0.77
0.89
2
Lyft, Inc.
Supplier·Road & Rail·US
0.50
0.71
-0.06
0
0.77
0.85
0.94
3
Safran SA
Supplier
0.63
0.54
0.10
0.22
0.73
0.78
4
Safran
Supplier·Aerospace & Defense·FR
0.42
0.70
0.19
0.32
0.64
0.75
0.58
5
Serko
Supplier·Customer·Software·NZ
0.28
0.69
0.18
-0.20
0.65
0.65
#Nameβ 1YTrend
1
Tel-Instrument Electrs
Supplier·Aerospace & Defense·US
0.78
0.22
-0.36
0.14
0.44
2
Global Eagle Entertainment Incorporated
Supplier·US
0.54
0.46
0
-0.19
3
Mind Gym
Supplier·Professional Services·GB
0.39
0.90
-0.29
-0.13
4
Software Aktiengesellschaft
Supplier
0.29
0.47
5
Amadeus IT Group, S.A.
Supplier
0.01
0.51
-0.35
0.03
0.08

Frequently asked questions about Southwest Airlines

Southwest Airlines Co operates on a low-cost carrier business model, providing affordable air travel services across the United States. The company offers point-to-point flights, focusing primarily on short-haul routes. Southwest differentiates itself through a combination of low fares, efficient operations, exceptional customer service, and a strong company culture. By utilizing a single aircraft type (Boeing 737), the airline achieves cost savings in maintenance, training, and scheduling. This business model allows Southwest Airlines to provide competitive pricing to customers while maintaining profitability, making it a popular choice for travelers seeking affordable and reliable air transportation within the United States.

Southwest Airlines Co is primarily active in the airline industry.

The main competitors of Southwest Airlines Co in the market include American Airlines Group Inc., Delta Air Lines Inc., and United Airlines Holdings Inc.

Southwest Airlines Co., founded in 1967, is a leading airline in the United States. With its headquarters in Dallas, Texas, the company has a rich history and remarkable background. It started as a regional airline, providing intra-state flights within Texas. Over time, Southwest expanded its operations and developed a unique business model centered around low fares, excellent customer service, and point-to-point routes. The company's consistent profitability and dedication to maintaining a strong corporate culture have contributed to its success. With a fleet of modern aircraft and an extensive network of destinations, Southwest Airlines Co. continues to be a prominent player in the aviation industry, providing convenient and affordable travel options for millions of passengers each year.

Southwest Airlines Co has achieved several significant milestones throughout its history. One notable achievement is becoming the first major airline to offer a frequent flyer program, Rapid Rewards, in 1987. The company has also consistently ranked among the top airlines for customer service and satisfaction. In 1995, Southwest became the first airline to fly a Boeing 737-700, which marked a major step in its fleet modernization. Another significant milestone was the airline's expansion to international destinations with the launch of its first international flights in 2014. Furthermore, Southwest has a strong track record of profitability, consistently reporting annual profits for over four decades.

Southwest Airlines Co primarily operates in the United States. As one of the largest low-cost carriers, Southwest Airlines serves over 100 destinations across 40 US states, including popular cities like Denver, Las Vegas, Los Angeles, Chicago, and Dallas. With a focus on domestic travel, the airline connects passengers to various regions within the United States, including the Southwest, Midwest, Northeast, and West Coast. Southwest Airlines Co has established itself as a leading choice for travelers seeking affordable and convenient flights within the United States.

Southwest Airlines Co represents values of exceptional customer service, a fun-loving company culture, strong employee relationships, and a commitment to low-cost air travel. With a corporate philosophy focused on "The Southwest Way," the company emphasizes treating customers and employees with respect, embracing innovation, and maintaining a high standard of operational excellence. Southwest Airlines Co aims to provide affordable and convenient air travel options while fostering a positive and friendly environment for both its employees and passengers.

Analysts currently set an average price target of 46.09 USD for the Southwest Airlines stock (median: 48.96 USD), implying +17.1 % versus the latest price. The consensus is based on 30 analyst ratings.

30 analysts currently rate the Southwest Airlines stock: 12 recommend buying, 13 holding and 5 selling. For 2026, analysts expect Southwest Airlines to generate revenue of 33.01 B USD and earnings per share of 3.08 USD.

Converted at the current exchange rate, the Southwest Airlines share trades at 34.06 EUR (39.35 USD).

The Southwest Airlines share (LUV) is listed on 9 stock exchanges, including: NYSE (LUV), London (0L8F.L), SIX (Zürich) (SWN.SW), XETRA (SWN.DE), Frankfurt (SWN.F), München (SWN.MU), Düsseldorf (SWN.DU), Wien (LUV.VI).

Southwest Airlines Co. is a US-based company headquartered in Dallas, Texas. The company is a low-cost airline that primarily operates in the US but also offers flights to neighboring countries and the Caribbean. Since its founding in 1967, the company has experienced significant growth and currently holds a market share of approximately 15% in the US market. Southwest Airlines Co.'s business model is based on a low-cost approach, which allows the company to attract price-sensitive customers. This is achieved through efficient resource utilization and fast aircraft maintenance to keep costs low. For example, Southwest Airlines ensures that each aircraft generates maximum revenue by typically equipping it with more seats than other airlines. The company focuses on short-haul routes, where aircraft can drop off and pick up multiple passengers within a few hours before taking off again. This allows Southwest Airlines to increase throughput and optimize capacity. The company operates a fleet of Boeing aircraft and offers up to 4 classes of passengers on board. Southwest Airlines Co. has also built a loyal customer base, who are delighted by the easy booking process, quick boarding procedures, and friendly customer service. The company regularly offers compelling promotions and special deals to attract new customers. The Rapid Rewards program plays an important role in this, allowing loyal customers to earn valuable points that can be redeemed for flights or other products. Another important division offered by Southwest Airlines Co. is cargo logistics. The company provides fast and reliable freight delivery solutions at affordable prices, allowing customers to transport small to medium-sized shipments. Through close collaboration with various partners and a large network of connections, shipments can reach their destinations within a few hours or days. In summary, Southwest Airlines Co.'s business model is based on efficient, cost-effective operations that focus on short-haul routes and fast turnover. Strong customer loyalty, reinforced by special offers, special programs, and friendly service, also contributes to its success. Additionally, the cargo logistics division provides an additional source of revenue.

The expected revenue of Southwest Airlines is 33.01 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Southwest Airlines is 1.60 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Southwest Airlines is currently 12.79. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Southwest Airlines stock.

The price-to-sales ratio (P/S) of Southwest Airlines is currently 0.62. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Southwest Airlines stock.

The Eulerpool Quality Score for Southwest Airlines is 3/10.

The ISIN of Southwest Airlines is US8447411088. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Southwest Airlines is 862837. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Southwest Airlines is LUV. The ticker symbol is used to trade Southwest Airlines shares on the stock exchange.

Over the past 12 months, Southwest Airlines paid a dividend of 0.72 USD . This corresponds to a dividend yield of about 1.83 %. For the coming 12 months, Southwest Airlines is expected to pay a dividend of 0.75 USD.

The current dividend yield of Southwest Airlines is 1.83 %.

Southwest Airlines pays a dividend, distributed in the months of September, December, March, June.

Southwest Airlines paid dividends every year for the past 3 years.

For the upcoming 12 months, dividends amounting to 0.75 USD are expected. This corresponds to a dividend yield of 1.91 %.

Southwest Airlines is assigned to the 'Industry' sector.

In the year 2025, Southwest Airlines distributed 0.72 USD as dividends.

The dividends of Southwest Airlines are distributed in USD.

Fair Value PRO
40.13 USD
Over-/Undervaluation PRO
Fairly valued
Expected Return
19.69 %
Sector
Industry
Airlines
Number of shares
Employees
Revenue per Employee
460,638.19 USD
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Country
United States
Currency
USD
Initial public offering
Jun 8, 1971
ISIN
US8447411088
Cusip
844741108
Sedol
2831543
Market capitalization
19.33 B USDLarge Cap
52-Week Range
29.6754.80USD
Revenue growth (10Y) > 5%
Revenue growth (3Y) > 5 %
EBIT growth (10Y) > 5%
EBIT growth (3Y) > 5 %
Net debt < 4x EBIT
Profitable since 10Y+
EBIT Drawdown (10Y) < 50%
Return on Equity (ROE) > 15%
ROCE > 15%
Return Expectation > 10%
PEG
2.65
P/E ratio
P/Ee 2026
12.79
P/Ee 2027
8.98
P/Ee 2028
7.68
P/Ee 2029
6.09
P/Ee 2030
5.70
P/S
P/Se
0.62
EV/EBIT
42.45
P/B Ratio
2.42
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
3.42 %
Gross Margin
17.44 %
EBIT Margin
1.53 %
Net Margin
1.57 %
EPS (Earnings Per Share)
0.85 USD
Net Debt / EBIT
-2.71
Debt/Equity
0.61
Dividend
Dividend yield
1.83 %
Est. Dividend Yield
1.83 %
Payout Ratio
85.06 %
Dividend growth Ø5Y
3.54 %
Dividend payments per year
4
Dividend paid since
3 years
Dividend not reduced since
1 year
Dividend increased since
0 years
Dividend withholding tax
30.00 %
Last updated Sep 15, 2026, 4:22 AM

Southwest Airlines Ticker

DÜSSELDORF · SWN.DUFRANKFURT · SWN.FLONDON · 0L8F.LLONDON STOCK EXCHANGE · 0L8F.LMUNICH · SWN.MUNEW YORK · LUVSIX · SWN.SWVIENNA · LUV.VIXETRA · SWN.DE

Southwest Airlines FIGI

LUV:US · BBG000BNJHS8LUV:UA · BBG000BNJJ04LUV:UC · BBG000BNJJ59LUV:UN · BBG000BNJK47LUV:UP · BBG000BNJKN6LUV:UB · BBG000BNJL72LUV:UT · BBG000BNJLL6LUV:UM · BBG000BNJLW4LUV:UX · BBG000BNJM34LUV:UD · BBG000BNJNZ7LUV:UF · BBG000BNJRC3LUV:VY · BBG000BNJRS6