In its 50th year of service, Dallas-based Southwest Airlines Co. continues to differentiate itself from other air carriers with exemplary Customer Service to a Customer base topping 130 million passengers in 2019. Southwest became the nation's largest domestic air carrier in 2003 and maintains that ranking based on the U.S. Department of Transportation's most recent reporting of domestic originating passengers boarded. In peak travel seasons during 2019, Southwest operated more than 4,000 weekday departures among a network of 101 destinations in the United States and 10 additional countries. In early 2020, the carrier added service to Hilo, Hawaii, and Cozumel, Mexico. Southwest began service to Palm Springs, Calif. and Miami on Nov. 15, and will begin service to two new seasonal destinations in Colorado, Steamboat Springs and Montrose (Telluride and Crested Butte) on Dec. 19, 2020. On Feb. 14, 2021, Southwest will begin service to Chicago (O'Hare) and Sarasota/Bradenton. Service from Savanah, Georgia and Colorado Springs will begin on March 11, 2021, and operations from Houston (George Bush Intercontinental) and Jackson, Miss. are anticipated to begin in the first half of 2021.
The carrier issued its Southwest® Promise in May 2020 to highlight new and round-the-clock efforts to support its Customers and Employees wellbeing and comfort. Among the changes are enhanced cleaning efforts at airports and onboard aircraft, and face covering requirements for Customers and Employees. Additional details about the Southwest Promise are available at Southwest.com/Promise.
Southwest coined Transfarency® to describe its purposed philosophy of treating Customers honestly and fairly, and low fares actually staying low. Southwest is the only major U.S. airline to offer bags fly free® to everyone (first and second checked pieces of luggage, size and weight limits apply, some carriers offer free checked bags on select routes or in qualified circumstances). Southwest does not charge change fees, though fare differences might apply.
Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. Learn more about how the carrier gives back to communities across the world by visiting Southwest.com/citizenship.
Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.

Company profile
Ticker
LUV
Exchange
Website
CEO
Gary Kelly
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Delta Air Lines • United Airlines • American Airlines • Jetblue Airways • Alaska Air • Frontier • Skywest • Hawaiian • Mesa Air • Spirit Airlines ...
SEC CIK
Corporate docs
Subsidiaries
AirTran Airways, Inc. • AirTran Holdings, LLC • Southwest Jet Fuel Co. • Triple Crown Assurance Co. ...
IRS number
741563240
LUV stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
1 Jun 23
8-K
Regulation FD Disclosure
1 Jun 23
8-K
Submission of Matters to a Vote of Security Holders
19 May 23
10-Q
2023 Q1
Quarterly report
28 Apr 23
8-K
Southwest Airlines Reports First Quarter 2023 Results
27 Apr 23
ARS
2022 FY
Annual report to shareholders
6 Apr 23
DEF 14A
Definitive proxy
6 Apr 23
8-K
Regulation FD Disclosure
14 Mar 23
8-K
Departure of Directors or Certain Officers
7 Feb 23
10-K
2022 FY
Annual report
6 Feb 23
Transcripts
LUV
Earnings call transcript
2023 Q1
27 Apr 23
LUV
Earnings call transcript
2022 Q4
26 Jan 23
LUV
Earnings call transcript
2022 Q3
27 Oct 22
LUV
Earnings call transcript
2022 Q2
28 Jul 22
LUV
Earnings call transcript
2022 Q1
28 Apr 22
LUV
Earnings call transcript
2021 Q4
27 Jan 22
LUV
Earnings call transcript
2021 Q3
21 Oct 21
LUV
Earnings call transcript
2021 Q2
23 Jul 21
LUV
Earnings call transcript
2021 Q1
22 Apr 21
LUV
Earnings call transcript
2020 Q4
29 Jan 21
Latest ownership filings
Financial summary
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Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.36 bn | 8.36 bn | 8.36 bn | 8.36 bn | 8.36 bn | 8.36 bn |
Cash burn (monthly) | 377.67 mm | 394.92 mm | 94.67 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 873.70 mm | 913.61 mm | 219.00 mm | n/a | n/a | n/a |
Cash remaining | 7.49 bn | 7.45 bn | 8.14 bn | n/a | n/a | n/a |
Runway (months of cash) | 19.8 | 18.9 | 86.0 | n/a | n/a | n/a |
Institutional ownership, Q1 2023
75.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 830 |
Opened positions | 827 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 14.60 tn |
Total shares | 449.23 mm |
Total puts | 9.14 mm |
Total calls | 5.22 mm |
Total put/call ratio | 1.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 66.23 mm | $2.16 tn |
Primecap Management | 50.85 mm | $1.65 tn |
STT State Street | 40.09 mm | $1.30 tn |
BLK Blackrock | 35.33 mm | $1.15 tn |
T. Rowe Price | 21.99 mm | $717.24 bn |
T. Rowe Price Investment Management | 18.16 mm | $592.41 bn |
Geode Capital Management | 12.24 mm | $397.60 bn |
AMP Ameriprise Financial | 11.86 mm | $386.07 bn |
Artisan Partners Limited Partnership | 10.99 mm | $357.65 bn |
Putnam Investments | 9.97 mm | $324.41 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 May 23 | Soltau Jill A. | Common Stock | Grant | Acquire A | No | No | 0 | 5,690 | 0.00 | 5,690 |
17 May 23 | Biegler David W | Common Stock | Grant | Acquire A | No | No | 0 | 5,690 | 0.00 | 29,000 |
17 May 23 | Biggins J Veronica | Common Stock | Grant | Acquire A | No | No | 0 | 5,690 | 0.00 | 60,266 |
News
'DIRECTV To Provide Live Streaming Channels To Select Southwest Airlines Flights' - The Streamable
7 Jun 23
Morgan Stanley Maintains Overweight on Southwest Airlines, Lowers Price Target to $60
6 Jun 23
Supply Chain Problems May Disrupt Air Travel In Summer 2023: Report
5 Jun 23
Southwest Airlines Provides Updated Guidance; Sees Q2 Economic Fuel Costs Per Gallon Up ~$2.55 Vs $2.45-$2.55 Previous Est.; Revenue Per Available Seat Mile YoY Down 8%-10% Vs Down 8%-11% Previous Est.
1 Jun 23
Stocks That Hit 52-Week Lows On Friday
12 May 23
Press releases
SOUTHWEST AIRLINES EXTENDS FLIGHT SCHEDULE THROUGH JANUARY 7, 2024
8 Jun 23
SOUTHWEST AIRLINES PROVIDES UPDATED GUIDANCE
1 Jun 23
Southwest Airlines to Present at the Bernstein Strategic Decisions Conference
31 May 23
SOUTHWEST AIRLINES WINS SEAL AWARD FOR INNOVATION IN SUSTAINABILITY AND FOCUS ON SUSTAINABLE AVIATION FUEL
30 May 23
Southwest Airlines to Present at the Bernstein Strategic Decisions Conference
25 May 23