Southwest Airlines Co.

Southwest Airlines Co.

LUV
Southwest Airlines Co.US flagNew York Stock Exchange
39.62
USD
+0.89
- -
19.38BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
24.93
27.08
29.98
32.36
35.18
38.33
41.69
16.01
26.67
40.16
43.85
45.96
51.97
59.37
Basic EPS, GAAP
1.06
1.65
3.3
3.48
5.59
4.3
4.28
-5.44
1.65
0.91
0.78
0.78
0.82
1.65
Free Cash Flow per Basic Share
3.47
4.11
4.74
6.67
6.33
8.45
7.41
-1.99
3.91
6.35
5.26
0.73
3.41
5
Dividend per Share
0.1
0.2
0.27
0.35
0.46
0.58
0.69
0.33
- -
- -
0.72
0.72
0.74
0.73
Book Value per Share
10.47
10.03
11.36
13.72
16.38
17.83
18.94
15.03
17.59
17.99
17.63
17.44
15.48
13.74
Tangible Book Value per Share
8.85
8.06
9.15
11.45
14.03
15.35
16.5
12.89
15.45
15.86
15.51
15.3
13.02
11.28
Basic Weighted Avg Shares
710
687
661
627
601
573
538
565
592
593
595
598
540
506
Sales/Revenue/Turnover
17,699
18,605
19,820
20,289
21,146
21,965
22,428
9,048
15,790
23,814
26,091
27,483
28,063
30,072
Operating Margin (%)
7.71
12.64
20.96
17.36
16.11
14.6
13.18
-42.18
10.9
4.27
0.86
1.17
1.53
3.46
Depreciation Expense
867
938
1,015
1,221
1,218
1,201
1,219
1,255
1,272
1,351
1,522
1,657
1,560
1,565
Net Income, GAAP
754
1,136
2,181
2,183
3,357
2,465
2,300
-3,074
977
539
465
465
441
837
Effective Tax Rate (%)
37.63
37.44
37.31
36.72
- -
22.09
22.22
- -
26.26
25.96
26.54
22.24
21.67
21.56
Profit Margin (%)
4.26
6.11
11
10.76
15.88
11.22
10.26
-33.97
6.19
2.26
1.78
1.69
1.57
2.78
Working Capital
-1,220
-1,996
-3,382
-2,346
-2,048
-2,877
-2,978
7,667
8,872
4,430
1,699
-1,002
-5,276
-6,786
LT Debt
2,191
2,434
2,541
2,821
3,320
2,771
2,824
11,673
11,589
9,164
8,963
6,100
5,345
4,450
Total Equity
7,336
6,775
7,358
8,441
9,641
9,853
9,832
8,876
10,414
10,687
10,515
10,350
7,981
7,082
Return on Invested Capital (%)
8.22
14.65
25.43
19.5
- -
18.44
16.64
- -
5.74
3.47
0.81
1.28
2.02
5.77
Return on Capital (%)
8.09
12.26
22.37
19.95
- -
19.12
17.47
- -
5.92
3.56
3.21
3.31
3.27
6.97
Return on Common Equity (%)
10.52
16.1
30.86
27.63
37.13
25.29
23.37
-32.86
10.13
5.11
4.39
4.46
4.81
11.1

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
636
1,151
2,439
LT Borrowings
4,577
4,536
3,790
LT Finance Leases
768
709
660
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
516
516
516
Market Capitalization
21,309
19,370
26,511

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,645
5,969
6,482
Cash, Cash Equivalents & STI
3,231
3,328
3,791
Accounts Receivable, Net
98
171
78
Inventories
775
833
917
Total Current Liabilities
10,921
12,484
13,268
Payables & Accruals
2,738
2,836
2,742
ST Debt
636
1,151
2,439
Deferred Revenue
5,945
7,049
6,510

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.51%
-1.22%
-22.89%
Free Cash Flow
-11.76%
-4.66%
322.48%
Net Income, GAAP
- -
- -
-5.16%
Sales/Revenue/Turnover
9.53%
28.47%
2.11%
Total Cash Common Dividend
- -
- -
-7.21%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,329
7,354
6,870
6,930
27,483
2025
6,428
7,244
6,949
7,442
28,063
2026
7,249
8,432
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.39
0.61
0.11
0.44
0.78
2025
-0.26
0.4
0.1
0.63
0.82
2026
0.46
0.48
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.36
- -
0.36
- -
0.72
2025
0.18
0.19
0.36
- -
0.74
2026
0.19
0.18
- -
- -
- -

Company Description

CEO
Robert E. Jordan
Full Time Employees
73,456
Sector
Industrials
Industry
Airlines, Airports & Air Services
Address
PO Box 36611 Dallas TX United States of America 75235-1611
IPO Date
Jan 2, 1980
Business
Southwest Airlines Co. operates as a major low-cost airline primarily offering air travel services including domestic and international flights, charter services, and ancillary travel products. Its core offerings encompass scheduled passenger flights across a network of 117 airports in the United States and select international destinations in Mexico, Central America, and the Caribbean. Southwest Airlines also provides a loyalty program through Rapid Rewards, aircraft charter services, and Southwest Cargo shipment solutions with various service options such as Next Flight Guaranteed and Specialty cargo. The company operates an extensive fleet predominantly composed of Boeing 737 aircraft outfitted with modern amenities like split scimitar winglets and is advancing cabin modernization including in-seat power and redesigned seating. Founded in 1967 and headquartered in Dallas, Texas, Southwest Airlines has built its reputation on low-cost, reliable, and friendly air travel with a legacy focus on democratizing the skies. In recent major developments, Southwest announced a strategic three-year plan launched in 2024 aimed at revitalizing operations and enhancing customer experience. Key initiatives include transitioning to assigned seating and introducing premium seating options with extra legroom set to begin operations in 2026. The airline also commenced overnight red-eye flights and started offering vacation packages under the Getaways by Southwest™ product line. Furthermore, Southwest expanded its global connectivity by establishing international partnerships with airlines such as Icelandair and most recently Condor, a German carrier, enabling seamless transatlantic connections starting January 2026. These partnerships augment its route network to Europe, Africa, Asia, and the Americas. Additionally, Southwest has incorporated operational improvements targeting schedule reliability and cost efficiency while maintaining a $2.5 billion stock buyback program to enhance shareholder value. Southwest Airlines remains focused on its core target markets of leisure and business travelers who seek affordable, reliable, and accessible air transportation within the Americas. The airline maintains a single cabin economy class configuration but is innovating with premium seating tiers to attract a broader customer base. Its operational footprint extends primarily across the United States with growing international reach through strategic alliances. The company continues to emphasize its corporate culture rooted in hospitality and employee engagement, which supports its brand identity as one of the most admired carriers globally. Recent leadership changes include the appointment of a new independent chairperson to oversee governance enhancements.

Company News

  • The Afterburners Could Kick In Soon On Southwest Airlines Stock - Rating Upgrade

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  • Southwest to debut airport lounges in four cities, with more to come

  • Southwest to launch first-ever airport lounges to broaden premium appeal

  • Southwest Airlines' First-Ever Lounges to Debut in Austin, Baltimore, Honolulu, and Nashville; with at Least Seven More Planned

  • Southwest Airlines Jumps Into the Airport Lounge Competition

  • Southwest Airlines Just Dropped 14% in a Month. Is It Time to Sell?

  • Canada Pension Plan Investment Board Takes Position in Southwest Airlines Co. $LUV

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  • Here's Why Southwest Airlines (LUV) is a Strong Value Stock

  • U.S. Global Investors' Frank Holmes sees more upside for airline stocks - ICYMI

  • Southwest (LUV) Down 10.8% Since Last Earnings Report: Can It Rebound?

  • Assenagon Asset Management S.A. Has $4.38 Million Stake in Southwest Airlines Co. $LUV

  • Why Southwest Airlines (LUV) is a Top Value Stock for the Long-Term

  • Southwest Airlines Appoints Jason Liberty and Varun Krishna to Board of Directors

  • We Just Had the Busiest Day for Commercial Air Travel Ever. Here's What It Means for Airline Stocks.

  • Southwest Airlines is courting business travelers with a new offering: Here's everything you can get out of it

  • Oil Just Lost its Inflation Premium: Here's Who Wins if Prices Stay Low

  • BRING A PLUS ONE ALONG FOR THE RIDE WITH THE SOUTHWEST AIRLINES COMPANION PASS