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Southwest Airlines Co.

$39.24 -$2.06 (-4.99%)

NYSE · 11 Sep 2026 20:00 UTC

Previous Close

$38.69

Day Range

$39.01$39.67

Year Range

$29.26$55.11

Market Cap

19.2B

AVG Volume

5.71M

Trailing/Forward PE

23.64/8.45

PEG ratio

0.56

Dividend Yield

1.83%

Next Earnings Date

2026-10-21

Primary Exchange

New York Stock Exchange

Revenue (USD)

LUV Revenue (USD) by year
Period	Revenue (USD)
2025	28.06B
2024	27.48B
2023	26.09B
2022	23.81B
2021	15.79B
2020	9.05B
2019	22.43B
2018	21.96B
2017	21.17B
2016	20.43B

Net Income (USD)

LUV Net Income (USD) by year
Period	Net Income (USD)
2025	441M
2024	464M
2023	465M
2022	539M
2021	978M
2020	-3.07B
2019	2.3B
2018	2.46B
2017	3.49B
2016	2.24B

Operating Income (USD)

LUV Operating Income (USD) by year
Period	Operating Income (USD)
2025	428M
2024	321M
2023	224M
2022	1.02B
2021	1.72B
2020	-3.82B
2019	2.96B
2018	3.21B
2017	3.44B
2016	3.76B

EBITDA (USD)

LUV EBITDA (USD) by year
Period	EBITDA (USD)
2025	2.24B
2024	2.47B
2023	2.39B
2022	2.38B
2021	3.03B
2020	-2.69B
2019	4.26B
2018	4.46B
2017	4.55B
2016	4.84B

Cash Flows (USD)

LUV Cash Flows (USD) by year
Period	Cash Flows (USD)
2025	-830M
2024	-1.62B
2023	-390M
2022	-157M
2021	1.81B
2020	-1.64B
2019	2.96B
2018	2.92B
2017	1.68B
2016	2.15B

EPS (USD)

LUV EPS (USD) by year
Period	EPS (USD)
2025	0.84
2024	0.72
2023	0.73
2022	0.79
2021	1.6
2020	-5.31
2019	4.28
2018	4.31
2017	5.82
2016	3.53

Expenses (USD)

LUV Expenses (USD) by year
Period	Expenses (USD)
2025	4.92B
2024	2.42B
2023	3.55B
2022	3.95B
2021	511M
2020	516M
2019	1.03B
2018	1.98B
2017	2.25B
2016	2.15B

Cash & Debt (USD)

LUV Cash & Debt (USD) by year
Period	Cash & Debt (USD)
2025	3.23B
2024	8.72B
2023	11.47B
2022	12.29B
2021	15.5B
2020	13.33B
2019	4.07B
2018	3.69B
2017	3.27B
2016	3.31B

Debt ratios

LUV Debt ratios by year
Period	Debt ratios
2025	0.29
2024	-0.06
2023	-0.44
2022	-0.4
2021	-0.36
2020	-0.11
2019	-0
2018	-0.02

Margins

LUV Margins by year
Period	Margins
2025	17.44%
2024	16.23%
2023	16.18%
2022	19.95%
2021	26.07%
2020	-20.88%
2019	26.68%
2018	27.58%
2017	29.58%
2016	30.72%

Return on Capital

LUV Return on Capital by year
Period	Return on Capital
2025	5.53%
2024	4.48%
2023	4.42%
2022	5.04%
2021	9.39%
2020	-34.63%
2019	23.4%
2018	25.02%
2017	33.44%
2016	26.55%

Shares Outstanding

LUV Shares Outstanding by year
Period	Shares Outstanding
2025	516M
2024	595M
2023	596M
2022	594M
2021	592M
2020	588.21M
2019	525M
2018	560M
2017	592M
2016	617M

Dividends (USD)

LUV Dividends (USD) by year
Period	Dividends (USD)
2026	0.54
2025	0.72
2024	0.72
2023	0.9
2020	0.18
2019	0.7
2018	0.61
2017	0.47
2016	0.38
2015	0.29

Employee Count

LUV Employee Count by year
Period	Employee Count
2025	72.79K
2024	72.45K
2023	74.81K
2022	66.66K
2021	55.1K
2020	56.5K
2019	60.8K
2018	58.8K
2017	56.1K
2016	53.5K

Book Value Per Share (USD)

LUV Book Value Per Share (USD) by year
Period	Book Value Per Share (USD)
2025	15.47
2024	17.39
2023	17.64
2022	17.99
2021	17.59
2020	15.09
2019	18.73
2018	17.59
2017	17.62
2016	13.68

Total Assets (USD)

LUV Total Assets (USD) by year
Period	Total Assets (USD)
2025	29.06B
2024	33.75B
2023	36.49B
2022	35.37B
2021	36.32B
2020	34.59B
2019	25.89B
2018	26.24B
2017	25.11B
2016	23.29B

PE Ratio

LUV PE Ratio by year
Period	PE Ratio
Sep 26	23.16
Sep 26	23.38
Aug 26	23.4
Aug 26	23.83
Aug 26	26.12
Aug 26	27.77
Jul 26	26.54
Jul 26	26.61
Jul 26	29.31
Jul 26	29.52
Jul 26	30.63
Jun 26	31.64
Jun 26	29.24
Jun 26	27.72
Jun 26	25.32
May 26	26.18
May 26	24.91
May 26	23.47
May 26	25.18
May 26	23.63
Apr 26	24.05
Apr 26	49.96
Apr 26	46.29
Apr 26	43.99
Mar 26	43.71
Mar 26	46.11
Mar 26	45.34
Mar 26	48.63
Feb 26	57.64
Feb 26	60.95
Feb 26	59.8
Feb 26	63.49
Jan 26	65.58
Jan 26	57.89
Jan 26	59.5
Jan 26	61.44
Jan 26	56.99
Dec 25	56.96
Dec 25	56.94
Dec 25	56.81
Dec 25	52.23
Nov 25	48.04
Nov 25	45.26
Nov 25	45.29
Nov 25	44.78
Oct 25	41.81
Oct 25	44.43
Oct 25	46
Oct 25	42.94
Oct 25	44.63
Sep 25	44.65
Sep 25	44.63
Sep 25	43.45
Sep 25	43.08
Aug 25	45.15
Aug 25	44.98
Aug 25	43.23
Aug 25	40.65
Aug 25	40.9
Jul 25	45.58
Jul 25	39.05
Jul 25	39.71
Jul 25	36.45
Jun 25	34.4
Jun 25	33.57
Jun 25	33.94
Jun 25	35.81
May 25	35.7
May 25	33.1
May 25	34.94
May 25	33.35
May 25	31.93
Apr 25	28.33
Apr 25	31.72
Apr 25	33.58
Apr 25	33.17
Mar 25	43.07
Mar 25	44.66
Mar 25	40.69
Mar 25	37.44
Feb 25	39.83
Feb 25	38.23
Feb 25	38.83
Feb 25	39.75
Oct 24	228.94
Oct 24	241
Oct 24	238.2
Oct 24	243.1
Sep 24	229.72
Sep 24	225.91
Sep 24	223.11
Sep 24	231.04
Aug 24	224.98
Aug 24	219.22
Aug 24	204.83
Aug 24	197.05
Aug 24	194.87
Jul 24	41.36
Jul 24	41.29
Jul 24	41.82

Free Cash Flow Yield

LUV Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	-3.2%
Sep 26	-3.17%
Aug 26	-3.17%
Aug 26	-3.11%
Aug 26	-2.84%
Aug 26	-2.67%
Jul 26	-2.8%
Jul 26	-2.79%
Jul 26	-1.67%
Jul 26	-1.66%
Jul 26	-1.6%
Jun 26	-1.55%
Jun 26	-1.68%
Jun 26	-1.77%
Jun 26	-1.94%
May 26	-1.87%
May 26	-1.97%
May 26	-2.09%
May 26	-1.95%
May 26	-2.08%
Apr 26	-2.04%
Apr 26	-3.77%
Apr 26	-4.07%
Apr 26	-4.28%
Mar 26	-4.31%
Mar 26	-4.08%
Mar 26	-4.15%
Mar 26	-3.87%
Feb 26	-3.27%
Feb 26	-3.09%
Feb 26	-3.15%
Feb 26	-2.96%
Jan 26	-1.01%
Jan 26	-1.14%
Jan 26	-1.11%
Jan 26	-1.07%
Jan 26	-1.16%
Dec 25	-1.16%
Dec 25	-1.16%
Dec 25	-1.16%
Dec 25	-1.26%
Nov 25	-1.37%
Nov 25	-1.46%
Nov 25	-1.46%
Nov 25	-1.47%
Oct 25	-1.58%
Oct 25	-1.48%
Oct 25	-1.51%
Oct 25	-1.62%
Oct 25	-1.56%
Sep 25	-1.56%
Sep 25	-1.56%
Sep 25	-1.6%
Sep 25	-1.62%
Aug 25	-1.54%
Aug 25	-1.55%
Aug 25	-1.61%
Aug 25	-1.71%
Aug 25	-1.7%
Jul 25	-1.53%
Jul 25	-2.64%
Jul 25	-2.59%
Jul 25	-2.82%
Jun 25	-2.99%
Jun 25	-3.07%
Jun 25	-3.03%
Jun 25	-2.87%
May 25	-2.88%
May 25	-3.11%
May 25	-2.95%
May 25	-3.09%
May 25	-3.22%
Apr 25	-3.63%
Apr 25	-10.98%
Apr 25	-10.38%
Apr 25	-10.51%
Mar 25	-8.09%
Mar 25	-7.8%
Mar 25	-8.56%
Mar 25	-9.31%
Feb 25	-8.75%
Feb 25	-9.12%
Feb 25	-8.98%
Feb 25	-8.77%
Jan 25	-10.47%
Jan 25	-9.99%
Jan 25	-10.02%
Jan 25	-9.71%
Jan 25	-9.57%
Dec 24	-9.45%
Dec 24	-9.66%
Dec 24	-9.74%
Dec 24	-9.41%
Nov 24	-9.94%
Nov 24	-10.06%
Nov 24	-9.86%
Nov 24	-10.12%
Nov 24	-10.5%
Oct 24	-9.9%
Oct 24	-9.41%

Price to Sales

LUV Price to Sales by year
Period	Price to Sales
Sep 26	0.64
Sep 26	0.65
Aug 26	0.65
Aug 26	0.66
Aug 26	0.73
Aug 26	0.77
Jul 26	0.74
Jul 26	0.74
Jul 26	0.83
Jul 26	0.83
Jul 26	0.87
Jun 26	0.9
Jun 26	0.83
Jun 26	0.78
Jun 26	0.72
May 26	0.74
May 26	0.7
May 26	0.66
May 26	0.71
May 26	0.67
Apr 26	0.68
Apr 26	0.79
Apr 26	0.73
Apr 26	0.69
Mar 26	0.69
Mar 26	0.72
Mar 26	0.71
Mar 26	0.76
Feb 26	0.91
Feb 26	0.96
Feb 26	0.94
Feb 26	1
Jan 26	0.9
Jan 26	0.8
Jan 26	0.82
Jan 26	0.85
Jan 26	0.78
Dec 25	0.78
Dec 25	0.78
Dec 25	0.78
Dec 25	0.72
Nov 25	0.66
Nov 25	0.62
Nov 25	0.62
Nov 25	0.62
Oct 25	0.58
Oct 25	0.61
Oct 25	0.66
Oct 25	0.61
Oct 25	0.64
Sep 25	0.64
Sep 25	0.64
Sep 25	0.62
Sep 25	0.61
Aug 25	0.64
Aug 25	0.64
Aug 25	0.62
Aug 25	0.58
Aug 25	0.58
Jul 25	0.65
Jul 25	0.77
Jul 25	0.79
Jul 25	0.72
Jun 25	0.68
Jun 25	0.66
Jun 25	0.67
Jun 25	0.71
May 25	0.71
May 25	0.66
May 25	0.69
May 25	0.66
May 25	0.63
Apr 25	0.56
Apr 25	0.54
Apr 25	0.57
Apr 25	0.56
Mar 25	0.73
Mar 25	0.75
Mar 25	0.69
Mar 25	0.63
Feb 25	0.67
Feb 25	0.65
Feb 25	0.66
Feb 25	0.67
Jan 25	0.67
Jan 25	0.7
Jan 25	0.7
Jan 25	0.72
Jan 25	0.74
Dec 24	0.74
Dec 24	0.73
Dec 24	0.72
Dec 24	0.75
Nov 24	0.71
Nov 24	0.7
Nov 24	0.71
Nov 24	0.7
Nov 24	0.67
Oct 24	0.65
Oct 24	0.69

EV/EBITDA

LUV EV/EBITDA by year
Period	EV/EBITDA
Sep 26	8.3
Sep 26	8.37
Aug 26	8.38
Aug 26	8.51
Aug 26	9.22
Aug 26	9.73
Jul 26	9.35
Jul 26	9.37
Jul 26	9.92
Jul 26	9.98
Jul 26	10.31
Jun 26	10.62
Jun 26	9.9
Jun 26	9.44
Jun 26	8.72
May 26	8.98
May 26	8.6
May 26	8.16
May 26	8.68
May 26	8.21
Apr 26	8.34
Apr 26	11.07
Apr 26	10.35
Apr 26	9.9
Mar 26	9.84
Mar 26	10.32
Mar 26	10.16
Mar 26	10.81
Feb 26	12.59
Feb 26	13.24
Feb 26	13.01
Feb 26	13.74
Jan 26	12.25
Jan 26	10.93
Jan 26	11.21
Jan 26	11.54
Jan 26	10.78
Dec 25	10.77
Dec 25	10.77
Dec 25	10.75
Dec 25	9.96
Nov 25	9.24
Nov 25	8.77
Nov 25	8.77
Nov 25	8.69
Oct 25	8.18
Oct 25	8.63
Oct 25	8.46
Oct 25	7.94
Oct 25	8.23
Sep 25	8.23
Sep 25	8.23
Sep 25	8.03
Sep 25	7.96
Aug 25	8.32
Aug 25	8.29
Aug 25	7.99
Aug 25	7.55
Aug 25	7.59
Jul 25	8.39
Jul 25	8.29
Jul 25	8.44
Jul 25	7.73
Jun 25	7.29
Jun 25	7.12
Jun 25	7.19
Jun 25	7.6
May 25	7.57
May 25	7.01
May 25	7.41
May 25	7.07
May 25	6.76
Apr 25	5.99
Apr 25	5.69
Apr 25	6.04
Apr 25	5.96
Mar 25	7.82
Mar 25	8.12
Mar 25	7.38
Mar 25	6.77
Feb 25	7.21
Feb 25	6.91
Feb 25	7.03
Feb 25	7.2
Jan 25	9.67
Jan 25	10.13
Jan 25	10.11
Jan 25	10.44
Jan 25	10.6
Dec 24	10.73
Dec 24	10.49
Dec 24	10.41
Dec 24	10.78
Nov 24	10.2
Nov 24	10.07
Nov 24	10.27
Nov 24	10.01
Nov 24	9.64
Oct 24	8.53
Oct 24	9

Price/Operating Cashflow

LUV Price/Operating Cashflow by year
Period	Price/Operating Cashflow
Sep 26	8.2
Sep 26	8.28
Aug 26	8.28
Aug 26	8.44
Aug 26	9.25
Aug 26	9.83
Jul 26	9.4
Jul 26	9.42
Jul 26	9.97
Jul 26	10.05
Jul 26	10.42
Jun 26	10.77
Jun 26	9.95
Jun 26	9.43
Jun 26	8.62
May 26	8.91
May 26	8.47
May 26	7.99
May 26	8.57
May 26	8.04
Apr 26	8.18
Apr 26	11.96
Apr 26	11.08
Apr 26	10.53
Mar 26	10.46
Mar 26	11.03
Mar 26	10.85
Mar 26	11.64
Feb 26	13.79
Feb 26	14.58
Feb 26	14.31
Feb 26	15.19
Jan 26	12.28
Jan 26	10.84
Jan 26	11.14
Jan 26	11.5
Jan 26	10.67
Dec 25	10.67
Dec 25	10.66
Dec 25	10.64
Dec 25	9.78
Nov 25	8.99
Nov 25	8.48
Nov 25	8.48
Nov 25	8.39
Oct 25	7.83
Oct 25	8.32
Oct 25	9.75
Oct 25	9.1
Oct 25	9.46
Sep 25	9.46
Sep 25	9.46
Sep 25	9.21
Sep 25	9.13
Aug 25	9.57
Aug 25	9.53
Aug 25	9.16
Aug 25	8.61
Aug 25	8.67
Jul 25	9.66
Jul 25	14.95
Jul 25	15.21
Jul 25	13.96
Jun 25	13.17
Jun 25	12.86
Jun 25	12.99
Jun 25	13.71
May 25	13.67
May 25	12.68
May 25	13.38
May 25	12.77
May 25	12.22
Apr 25	10.85
Apr 25	31.86
Apr 25	33.73
Apr 25	33.32
Mar 25	43.26
Mar 25	44.86
Mar 25	40.86
Mar 25	37.61
Feb 25	40
Feb 25	38.39
Feb 25	39
Feb 25	39.92
Jan 25	44.76
Jan 25	46.89
Jan 25	46.78
Jan 25	48.27
Jan 25	48.98
Dec 24	49.61
Dec 24	48.5
Dec 24	48.12
Dec 24	49.81
Nov 24	47.16
Nov 24	46.59
Nov 24	47.51
Nov 24	46.32
Nov 24	44.61
Oct 24	19.29
Oct 24	20.3

Price to Book

LUV Price to Book by year
Period	Price to Book
Sep 26	2.74
Sep 26	2.76
Aug 26	2.77
Aug 26	2.82
Aug 26	3.09
Aug 26	3.28
Jul 26	3.14
Jul 26	3.14
Jul 26	3.48
Jul 26	3.51
Jul 26	3.64
Jun 26	3.76
Jun 26	3.47
Jun 26	3.29
Jun 26	3.01
May 26	3.11
May 26	2.96
May 26	2.79
May 26	2.99
May 26	2.81
Apr 26	2.86
Apr 26	2.76
Apr 26	2.56
Apr 26	2.43
Mar 26	2.42
Mar 26	2.55
Mar 26	2.51
Mar 26	2.69
Feb 26	3.18
Feb 26	3.37
Feb 26	3.3
Feb 26	3.51
Jan 26	3.2
Jan 26	2.82
Jan 26	2.9
Jan 26	2.99
Jan 26	2.78
Dec 25	2.78
Dec 25	2.78
Dec 25	2.77
Dec 25	2.55
Nov 25	2.34
Nov 25	2.21
Nov 25	2.21
Nov 25	2.18
Oct 25	2.04
Oct 25	2.17
Oct 25	2.25
Oct 25	2.1
Oct 25	2.19
Sep 25	2.19
Sep 25	2.19
Sep 25	2.13
Sep 25	2.11
Aug 25	2.21
Aug 25	2.2
Aug 25	2.12
Aug 25	1.99
Aug 25	2
Jul 25	2.23
Jul 25	2.28
Jul 25	2.32
Jul 25	2.13
Jun 25	2.01
Jun 25	1.96
Jun 25	1.98
Jun 25	2.09
May 25	2.08
May 25	1.93
May 25	2.04
May 25	1.94
May 25	1.86
Apr 25	1.65
Apr 25	1.42
Apr 25	1.51
Apr 25	1.49
Mar 25	1.93
Mar 25	2
Mar 25	1.82
Mar 25	1.68
Feb 25	1.79
Feb 25	1.71
Feb 25	1.74
Feb 25	1.78
Jan 25	1.77
Jan 25	1.85
Jan 25	1.85
Jan 25	1.91
Jan 25	1.93
Dec 24	1.96
Dec 24	1.91
Dec 24	1.9
Dec 24	1.97
Nov 24	1.86
Nov 24	1.84
Nov 24	1.88
Nov 24	1.83
Nov 24	1.76
Oct 24	1.68
Oct 24	1.77

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News: LUV

defenseworld.net · 12 Sep 2026

Southwest Airlines Co. $LUV Shares Sold by Amundi

Amundi decreased its holdings in shares of Southwest Airlines Co. (NYSE: LUV) by 70.6% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 429,332 shares of the airline's stock after selling 1,032,012 shares during the quarter. Amundi owned

zacks.com · 9 Sep 2026

Southwest Airlines Bets Big on Lounges to Elevate Travel Experience

LUV plans its first airport lounge network for late 2027, aiming to boost premium appeal, loyalty engagement and higher-value customer retention.

barrons.com · 7 Sep 2026

Airline Stocks Are Struggling. That Makes This One a Long-Term Buy.

Airline stocks have been under pressure in recent months and face a challenging winter ahead as jet fuel prices remain high.

seekingalpha.com · 4 Sep 2026

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

Southwest Airlines is undergoing a robust revenue transformation, embracing ancillary fees, assigned seating, and premium offerings along with maximizing asset utilization. LUV delivered strong Q2 revenue and margin performance, with adjusted operating margin at 6.7%, and expects up to 20% RASM growth in Q3. Strategic initiatives include expanded loyalty partnerships, premium credit cards, and airport lounges, positioning LUV to recapture business and premium leisure travelers.

prnewswire.com · 3 Sep 2026

SOUTHWEST AIRLINES TO PRESENT AT THE MORGAN STANLEY 14TH ANNUAL LAGUNA CONFERENCE

DALLAS, Sept. 3, 2026 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) Executive Vice President & Chief Financial Officer Tom Doxey will participate in a fireside chat at the Morgan Stanley 14th Annual Laguna Conference on September 16 at 12:20 pm PST.

247wallst.com · 3 Sep 2026

Airlines, Cruises, Casinos: Are Things Actually Looking Up?

Airlines, cruise lines, and casino stocks all navigated the same peak travel season and came out in completely different places.

cnbc.com · 2 Sep 2026

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

Southwest Airlines said its first airport lounges will open next year in Austin, Texas; Baltimore; Honolulu; and Nashville, Tennessee. The carrier is partnering with Chase on the effort and said customers can get into the lounges with a new, premium Southwest Rapid Rewards credit card that it expects to launch in 2027.

reuters.com · 2 Sep 2026

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

Southwest Airlines on Wednesday unveiled plans to open its first-ever airport lounges, as the carrier steps up efforts to attract higher-spending premium travelers and diversify revenue streams.