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Southwest Airlines Co. (LUV)

42.33 -1.35 (-3.09%)
As of 12:18:37 PM EDT. Market Open.
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Southwest Airlines reported a strong third quarter, with record revenue, higher fares, and improved margins offsetting sharply higher fuel costs. The company also priced $1.25 billion of senior notes, adding a financing event to its earnings-driven outlook. Management expects further revenue and margin improvement, but fuel costs, operating execution, and debt remain key investor concerns.

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  • Previous Close 43.68
  • Open 43.27
  • Bid 42.33 x 20000
  • Ask 42.36 x 20000
  • Day's Range 42.19 - 43.27
  • 52 Week Range 29.26 - 55.11
  • Volume 1,230,049
  • Avg. Volume 5,719,575
  • Market Cap (intraday) 20.72B
  • Beta (5Y Monthly) 1.15
  • PE Ratio (TTM) 20.65
  • EPS (TTM) 2.05
  • Earnings Date Oct 21, 2026
  • Forward Dividend & Yield 0.72 (1.65%)
  • 1y Target Est 49.32
  • Morningstar Rating Rating available with Stock Picks access

Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and internationally. It also provides Rapid Rewards loyalty program; SWABIZ, an online booking tool; and inflight entertainment platform that includes movies-on-demand live and on-demand television, flight tracker, and additional curated content, as well as a variety of premium snacks and coffee. In addition, the company offers ancillary services, such as in-flight purchases, baggage fees, EarlyBird Check-In, and upgraded boarding, as well as transportation of pets and unaccompanied minors. As of December 31, 2025, the company operated a total fleet of 803 Boeing 737 aircraft; and served 117 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. Southwest Airlines Co. was incorporated in 1967 and is headquartered in Dallas, Texas.

www.southwest.com

73,092

Full Time Employees

December 31

Fiscal Year Ends

Industrials

Sector

Airlines

Industry

Recent News

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Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

LUV
3.80%
S&P 500 (^GSPC)
10.97%

1-Year Return

LUV
43.19%
S&P 500 (^GSPC)
11.35%

3-Year Return

LUV
100.47%
S&P 500 (^GSPC)
82.31%

5-Year Return

LUV
2.48%
S&P 500 (^GSPC)
64.95%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 8.42B
Earnings 270M
Profit Margin 3.21%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
2B
4B
6B
8B
3.0%
3.5%
4.0%

Analyst Insights

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Analyst Price Targets

34.00 Low
49.32 Average
42.33 Current
65.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/29/2026
Analyst TD Cowen
Rating Action Maintains
Rating Buy
Price Action Raises
Price Target 47 -> 48

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    3.34%

  • Return on Assets (ttm)

    3.05%

  • Return on Equity (ttm)

    13.94%

  • Revenue (ttm)

    31.55B

  • Net Income Avi to Common (ttm)

    1.05B

  • Diluted EPS (ttm)

    2.05

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.62B

  • Total Debt/Equity (mrq)

    93.75%

  • Levered Free Cash Flow (ttm)

    -612.88M

Company Insights

Research Reports

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