Market Summary
USD30.48+0.75
Market Closed2.52%
LUV Stock Price
LUV RSI Chart
LUV Valuation
LUV Price/Sales (Trailing)
LUV Profitability
LUV Fundamentals
LUV Revenue
LUV Earnings
Price Action
52 Week Range
29.4150.10
(Low)(High)
Last 7 days
-12.3%
Last 30 days
-15.2%
Last 90 days
-20.3%
Trailing 12 Months
-29.3%
LUV Financial Health
LUV Investor Care
Peers (Alternatives to Southwest Airlines)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
FDX | 53.1B | 94.1B | -7.73% | -9.22% | 15.93 | 0.56 | 5.07% | -32.20% |
DAL | 24.5B | 50.6B | -13.91% | -4.68% | 298.7 | 0.53 | 69.18% | 370.71% |
LUV | 18.1B | 23.8B | -15.23% | -29.32% | 18.91 | 0.76 | 50.82% | -2.15% |
UAL | 14.3B | 45.0B | -12.30% | 12.81% | 19.34 | 0.32 | 82.49% | 137.53% |
AAL | 9.2B | 49.0B | -16.05% | -10.98% | 72.34 | 0.19 | 63.88% | 106.37% |
| MID-CAP | ||||||||
ALK | 5.2B | 9.6B | -19.50% | -21.96% | 89.01 | 0.54 | 56.19% | -87.87% |
AAWW | 2.9B | 4.5B | 0.24% | 21.66% | 8.22 | 0.64 | 12.86% | -27.86% |
JBLU | 2.3B | 9.2B | -18.97% | -49.38% | -6.41 | 0.25 | 51.67% | -98.90% |
| SMALL-CAP | ||||||||
SAVE | 1.9B | 5.1B | -12.90% | -19.64% | -3.36 | 0.37 | 56.88% | -17.26% |
ALGT | 1.6B | 2.3B | -7.92% | -42.53% | 624.1 | 0.68 | 34.77% | -98.36% |
ATSG | 1.5B | 2.0B | -17.79% | -34.57% | 7.55 | 0.73 | 17.94% | -14.19% |
SKYW | 933.4M | 3.0B | -5.79% | -29.21% | 12.8 | 0.31 | 10.74% | -34.81% |
HA | 431.7M | 2.6B | -21.20% | -51.47% | -1.8 | 0.16 | 65.43% | -65.83% |
MESA | 96.0M | 530.4M | -27.99% | -40.19% | -0.54 | 0.18 | 5.88% | -1403.68% |
AIRT | 59.3M | 224.4M | -8.70% | 0.43% | -23.56 | 0.26 | 30.18% | -139.59% |
Financials for Southwest Airlines
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 4.9% | 23,814 | 22,693 | 21,152 | 18,432 | 15,790 |
| Operating Expenses | 8.1% | 22,797 | 21,096 | 19,217 | 17,061 | 14,069 |
| EBITDA | -13.2% | 2,384 | 2,748 | 2,962 | 2,427 | - |
| EBITDA Margin | -17.3% | 0.10* | 0.12* | 0.14* | 0.13* | - |
| Earnings Before Taxes | -33.2% | 728 | 1,090 | 1,337 | 803 | 1,325 |
| EBT Margin | -36.4% | 0.03* | 0.05* | 0.06* | 0.04* | - |
| Interest Expenses | -13.1% | 305 | 351 | 331 | 340 | 336 |
| Net Income | -23.2% | 956 | 1,244 | 1,413 | 1,283 | 977 |
| Net Income Margin | -26.8% | 0.04* | 0.05* | 0.05* | 0.03* | - |
| Free Cahsflow | 9.6% | 3,790 | 3,458 | 2,649 | 2,748 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -1.6% | 35,369 | 35,946 | 38,302 | 37,262 | 36,320 |
| Current Assets | -9.8% | 14,808 | 16,418 | 19,396 | 18,822 | 18,036 |
| Cash Equivalents | -9.1% | 9,492 | 10,443 | 13,234 | 13,098 | 12,480 |
| Net PPE | 4.8% | 16,337 | 15,594 | 14,937 | 14,842 | - |
| Goodwill | 0% | 970 | 970 | 970 | 970 | 970 |
| Current Liabilities | -0.4% | 10,378 | 10,416 | 11,711 | 10,069 | 9,164 |
| Long Term Debt | -3.2% | 8,046 | 8,315 | 8,877 | 10,309 | 10,274 |
| Shareholder's Equity | -2.2% | 10,687 | 10,924 | 11,120 | 10,417 | 10,414 |
| Retained Earnings | -2.0% | 16,261 | 16,588 | 16,311 | 15,551 | 15,774 |
| Additional Paid-In Capital | 1.2% | 4,037 | 3,989 | 3,966 | 3,940 | 4,224 |
| Accumulated Depreciation | 2.2% | 13,501 | 13,216 | 12,945 | 12,732 | - |
| Shares Outstanding | 0% | 593 | 593 | 592 | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 9.6% | 3,790 | 3,458 | 2,649 | 2,748 | 2,322 |
| Cashflow From Investing | -25.0% | -3,746 | -2,997 | -2,289 | -1,203 | -1,264 |
| Cashflow From Financing | -1.1% | -3,032 | -2,998 | -1,250 | -418 | 359 |
| Dividend Payments | NaN% | 0.00 | 0.00 | - | - | - |
| Buy Backs | NaN% | 0.00 | 0.00 | - | - | - |
Risks for LUV
What is the probability of a big loss on LUV?
85.4%
Probability that Southwest Airlines stock will be more than 20% underwater in next one year
46.9%
Probability that Southwest Airlines stock will be more than 30% underwater in next one year.
21.9%
Probability that Southwest Airlines stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does LUV drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Southwest Airlines was unfortunately bought at previous high price.
Drawdowns
Returns for LUV
Cumulative Returns on LUV
9.9%
10-Year Cumulative Returns
-4.9%
7-Year Cumulative Returns
-12.9%
5-Year Cumulative Returns
-10.4%
3-Year Cumulative Returns
What are the long-term rolling returns for LUV?
FIve years rolling returns for Southwest Airlines.
Annualized Returns
Which funds bought or sold LUV recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 16.22 | 132,932 | 629,932 | 0.02% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 13.99 | 1,743,120 | 8,873,120 | 0.01% |
2023-03-06 | Rockefeller Capital Management L.P. | sold off | -100 | -18,000 | - | -% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 277 | 6,299,000 | 8,319,000 | 0.04% |
2023-03-03 | TIAA, FSB | reduced | -12.05 | -20,337 | 479,663 | -% |
2023-03-02 | Leading Edge Financial Planning LLC | new | - | 398,453 | 398,453 | 0.34% |
2023-02-28 | Voya Investment Management LLC | reduced | -6.06 | 231,240 | 9,228,240 | 0.01% |
2023-02-27 | Kalos Management, Inc. | unchanged | - | 8,771 | 353,771 | 0.80% |
2023-02-24 | NATIXIS | reduced | -90.23 | -12,753,900 | 1,519,090 | 0.01% |
2023-02-24 | SRS Capital Advisors, Inc. | reduced | -61.94 | -90,421 | 64,579 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Southwest Airlines News
Schedule 13G FIlings of Southwest Airlines
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | blackrock inc. | 6.0% | 35,569,761 | SC 13G/A | |
| Feb 09, 2023 | primecap management co/ca/ | 8.79% | 52,198,099 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.05% | 65,581,138 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 6.83% | 40,425,713 | SC 13G/A | |
| Feb 10, 2022 | primecap management co/ca/ | 9.17% | 54,290,429 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 5.5% | 32,756,987 | SC 13G | |
| Jan 10, 2022 | vanguard group inc | 10.44% | 61,814,978 | SC 13G/A | |
| Feb 12, 2021 | state street corp | 7.26% | 42,844,329 | SC 13G | |
| Feb 12, 2021 | primecap management co/ca/ | 11.05% | 65,213,818 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.74% | 51,587,663 | SC 13G/A |
LUV Fair Value
Southwest Airlines fair value in different scenarios
The table shows the Fair Value estimates for Southwest Airlines for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 7.92 -74.02% | 10.84 -64.44% | 18.58 -39.04% | 32.18 5.58% | 51.69 69.59% |
| Current Inflation | 17.33 -43.14% | 23.48 -22.97% | 30.97 1.61% | 41.72 36.88% | 47.96 57.35% |
| Very High Inflation | 6.53 -78.58% | 8.63 -71.69% | 14.05 -53.90% | 23.69 -22.28% | 37.41 22.74% |
Historical Southwest Airlines Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Southwest Airlines
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 14, 2023 | 8-K | Current Report | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 17, 2023 | 3 | Insider Trading | |
| Feb 13, 2023 | SC 13G/A | Major Ownership Report |
Latest Insider Trading transactions for LUV
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-21 | KELLY GARY C | sold (taxes) | -769,728 | 33.76 | -22,800 | executive chairman |
2023-02-21 | Watterson Andrew M | sold (taxes) | -269,270 | 33.76 | -7,976 | chief operating officer |
2023-02-21 | Green Ryan C. | sold (taxes) | -40,039 | 33.76 | -1,186 | evp, chief commercial officer |
2023-02-21 | Romo Tammy | sold (taxes) | -315,960 | 33.76 | -9,359 | evp & cfo |
2023-02-21 | Shaw Mark R | sold (taxes) | -268,054 | 33.76 | -7,940 | evp, cl&r officer |
2023-02-21 | Jordan Robert E | sold (taxes) | -402,824 | 33.76 | -11,932 | ceo, president |
2023-02-21 | Rutherford Linda B. | sold (taxes) | -107,222 | 33.76 | -3,176 | chief admin & comm. officer |
2023-02-01 | Shaw Mark R | acquired | - | - | 25,900 | evp, cl&r officer |
2023-02-01 | KELLY GARY C | acquired | - | - | 53,326 | executive chairman |
2023-02-01 | Green Ryan C. | acquired | - | - | 23,681 | evp, chief commercial officer |
Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. It also provides inflight entertainment and connectivity services on Wi-Fi enabled aircrafts; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. In addition, the company offers a suite of digital platforms to support customers' travel needs, including websites and apps; and SWABIZ, an online booking tool. Further, it provides ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was incorporated in 1967 and is headquartered in Dallas, Texas.
LUV Income Statement
2022-09-30Condensed Consolidated Statement of Comprehensive Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
| OPERATING REVENUES: | ||||
| Total operating revenues | $ 6,220 | $ 4,679 | $ 17,642 | $ 10,739 |
| OPERATING EXPENSES, NET: | ||||
| Salaries, wages, and benefits | 2,322 | 2,122 | 6,771 | 5,518 |
| Payroll support and voluntary Employee programs, net | 0 | (776) | 0 | (2,963) |
| Fuel and oil | 1,750 | 990 | 4,390 | 2,261 |
| Maintenance materials and repairs | 204 | 250 | 624 | 646 |
| Landing fees and airport rentals | 395 | 376 | 1,128 | 1,092 |
| Depreciation and amortization | 335 | 322 | 984 | 949 |
| Other operating expenses | 819 | 662 | 2,343 | 1,710 |
| Total operating expenses, net | 5,825 | 3,946 | 16,240 | 9,213 |
| OPERATING INCOME | 395 | 733 | 1,402 | 1,526 |
| OTHER EXPENSES (INCOME): | ||||
| Interest expense | 86 | 115 | 272 | 343 |
| Capitalized interest | (11) | (9) | (31) | (27) |
| Interest income | (70) | (2) | (101) | (6) |
| Loss on extinguishment of debt | 76 | 12 | 192 | 12 |
| Other (gains) losses, net | (39) | 17 | 57 | (44) |
| Total other expenses (income) | 42 | 133 | 389 | 278 |
| INCOME BEFORE INCOME TAXES | 353 | 600 | 1,013 | 1,248 |
| PROVISION FOR INCOME TAXES | 76 | 154 | 254 | 339 |
| NET INCOME | $ 277 | $ 446 | $ 759 | $ 909 |
| Net income per share, basic (in USD per share) | $ 0.47 | $ 0.75 | $ 1.28 | $ 1.54 |
| Net income per share, diluted (in USD per share) | $ 0.44 | $ 0.73 | $ 1.21 | $ 1.49 |
| COMPREHENSIVE INCOME | $ (223) | $ 577 | $ 676 | $ 1,300 |
| WEIGHTED AVERAGE SHARES OUTSTANDING | ||||
| Basic (in shares) | 593 | 592 | 593 | 591 |
| Diluted (in shares) | 639 | 607 | 643 | 610 |
| Revision of Prior Period, Reclassification, Adjustment | ||||
| OTHER EXPENSES (INCOME): | ||||
| Other (gains) losses, net | $ 12 | $ 12 | ||
| Passenger | ||||
| OPERATING REVENUES: | ||||
| Total operating revenues | $ 5,613 | 4,227 | $ 15,867 | 9,508 |
| Freight | ||||
| OPERATING REVENUES: | ||||
| Total operating revenues | 44 | 47 | 133 | 140 |
| Other | ||||
| OPERATING REVENUES: | ||||
| Total operating revenues | $ 563 | $ 405 | $ 1,642 | $ 1,091 |
LUV Balance Sheet
2022-09-30Condensed Consolidated Balance Sheet - USD ($) $ in Millions | Sep. 30, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 10,443 | $ 12,480 |
| Short-term investments | 3,230 | 3,024 |
| Accounts and other receivables | 1,316 | 1,357 |
| Inventories of parts and supplies, at cost | 776 | 537 |
| Prepaid expenses and other current assets | 653 | 638 |
| Total current assets | 16,418 | 18,036 |
| Property and equipment, at cost: | ||
| Flight equipment | 22,505 | 21,226 |
| Ground property and equipment | 6,727 | 6,342 |
| Deposits on flight equipment purchase contracts | 587 | 0 |
| Assets constructed for others | 19 | 6 |
| Property and equipment, at cost | 29,838 | 27,574 |
| Less allowance for depreciation and amortization | 13,501 | 12,732 |
| Property and equipment, net | 16,337 | 14,842 |
| Goodwill | 970 | 970 |
| Operating lease right-of-use assets | 1,449 | 1,590 |
| Other assets | 772 | 882 |
| Total assets | 35,946 | 36,320 |
| Current liabilities: | ||
| Accounts payable | 1,553 | 1,282 |
| Accrued liabilities | 1,881 | 1,624 |
| Current operating lease liabilities | 233 | 239 |
| Air traffic liability | 6,368 | 5,566 |
| Current maturities of long-term debt | 381 | 453 |
| Total current liabilities | 10,416 | 9,164 |
| Long-term debt less current maturities | 8,315 | 10,274 |
| Air traffic liability - noncurrent | 2,057 | 2,159 |
| Deferred income taxes | 1,995 | 1,770 |
| Noncurrent operating lease liabilities | 1,183 | 1,315 |
| Other noncurrent liabilities | 1,056 | 1,224 |
| Stockholders' equity: | ||
| Common stock | 888 | 888 |
| Capital in excess of par value | 3,989 | 4,224 |
| Retained earnings | 16,588 | 15,774 |
| Accumulated other comprehensive income | 305 | 388 |
| Treasury stock, at cost | (10,846) | (10,860) |
| Total stockholders' equity | 10,924 | 10,414 |
| Total liabilities and stockholders' equity | $ 35,946 | $ 36,320 |