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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) · TTM

LUV Revenue (USD) · TTM by quarter
Period	Revenue (USD) · TTM
26 Q2	30.07B
26 Q1	28.88B
25 Q4	28.06B
25 Q3	27.55B
25 Q2	27.47B
25 Q1	27.58B
24 Q4	27.48B
24 Q3	27.38B
24 Q2	27.03B
24 Q1	26.71B

Net Income (USD) · TTM

LUV Net Income (USD) · TTM by quarter
Period	Net Income (USD) · TTM
26 Q2	837M
26 Q1	817M
25 Q4	441M
25 Q3	379M
25 Q2	392M
25 Q1	546M
24 Q4	464M
24 Q3	-49M
24 Q2	77M
24 Q1	393M

Operating Income (USD) · TTM

LUV Operating Income (USD) · TTM by quarter
Period	Operating Income (USD) · TTM
26 Q2	1.04B
26 Q1	981M
25 Q4	428M
25 Q3	315M
25 Q2	318M
25 Q1	491M
24 Q4	321M
24 Q3	-361M
24 Q2	-282M
24 Q1	115M

EBITDA (USD) · TTM

LUV EBITDA (USD) · TTM by quarter
Period	EBITDA (USD) · TTM
26 Q2	2.71B
26 Q1	2.72B
25 Q4	2.24B
25 Q3	2.21B
25 Q2	2.31B
25 Q1	2.54B
24 Q4	2.47B
24 Q3	1.87B
24 Q2	1.96B
24 Q1	2.34B

Cash Flows (USD) · TTM

LUV Cash Flows (USD) · TTM by quarter
Period	Cash Flows (USD) · TTM
26 Q2	-621M
26 Q1	-401M
25 Q4	-830M
25 Q3	-250M
25 Q2	-273M
25 Q1	-562M
24 Q4	-1.62B
24 Q3	-1.93B
24 Q2	-1.75B
24 Q1	-740M

EPS (USD) · TTM

LUV EPS (USD) · TTM by quarter
Period	EPS (USD) · TTM
26 Q2	1.63
26 Q1	1.55
25 Q4	0.84
25 Q3	0.65
25 Q2	0.66
25 Q1	0.85
24 Q4	0.72
24 Q3	-0.07
24 Q2	0.12
24 Q1	0.61

Expenses (USD) · TTM

LUV Expenses (USD) · TTM by quarter
Period	Expenses (USD) · TTM
26 Q2	5.23B
26 Q1	5.04B
25 Q4	4.92B
25 Q3	3.74B
25 Q2	2.47B
25 Q1	2.33B
24 Q4	2.42B
24 Q3	2.34B
24 Q2	2.66B
24 Q1	3.09B

Shares Outstanding (USD) · TTM

LUV Shares Outstanding (USD) · TTM by quarter
Period	Shares Outstanding (USD) · TTM
26 Q2	1.55B
26 Q1	3.05B
25 Q4	2.55B
25 Q3	2.75B
25 Q2	2.5B
25 Q1	1B
24 Q4	250M
24 Q3	0
24 Q2	0
24 Q1	0

Dividends (USD)

LUV Dividends (USD) by quarter
Period	Dividends (USD)
Sep 26	0.18
Jun 26	0.18
Mar 26	0.18
Dec 25	0.18
Sep 25	0.18
Jun 25	0.18
Mar 25	0.18
Dec 24	0.18
Sep 24	0.18
Jun 24	0.18

Employee Count

LUV Employee Count by quarter
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

PE Ratio

LUV PE Ratio by quarter
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 quarter
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 quarter
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 quarter
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 quarter
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 quarter
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

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

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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

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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.