Market Summary
USD26.78-0.41
Delayedas of 03 Oct 2023, 02:24 pm-1.51%
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
26.4639.96
(Low)(High)
Last 7 days
-1.1%
Last 30 days
-13.5%
Last 90 days
-26.6%
Trailing 12 Months
-10.9%
LUV Financial Health
LUV Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for LUV
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-21 | Rutherford Linda B. | gifted | - | - | -960 | chief admin & comm. officer |
2023-08-02 | Blunt Roy | acquired | - | - | 5,095 | - |
2023-05-17 | CONRADO EDUARDO F | acquired | - | - | 5,690 | - |
2023-05-17 | Reynolds Christopher P. | acquired | - | - | 5,690 | - |
2023-05-17 | Mendoza Elaine | acquired | - | - | 5,690 | - |
2023-05-17 | Gilligan Thomas W. | acquired | - | - | 5,690 | - |
2023-05-17 | SOLTAU JILL A. | acquired | - | - | 5,690 | - |
2023-05-17 | MONTFORD JOHN T | acquired | - | - | 5,690 | - |
2023-05-17 | Hess David P | acquired | - | - | 5,690 | - |
2023-05-17 | CUNNINGHAM WILLIAM H DR | acquired | - | - | 5,690 | - |
Which funds bought or sold LUV recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-26 | DecisionPoint Financial, LLC | unchanged | - | 1,123 | 11,081 | 0.01% |
2023-09-26 | M Holdings Securities, Inc. | sold off | -100 | -292,000 | - | -% |
2023-09-26 | BROOKFIELD Corp /ON/ | added | 217 | 625,675 | 872,914 | -% |
2023-09-21 | Jefferies Group LLC | new | - | 215,016 | 215,016 | -% |
2023-09-21 | Baystate Wealth Management LLC | reduced | -86.33 | -8,270 | 1,506 | -% |
2023-09-20 | BARCLAYS PLC | added | 222 | 33,846,000 | 46,900,000 | 0.03% |
2023-09-14 | IMS Capital Management | new | - | 209,475 | 209,475 | 0.12% |
2023-09-14 | Alken Asset Management Ltd | unchanged | - | - | - | -% |
2023-09-13 | CGC Financial Services, LLC | new | - | 4,282 | 4,282 | -% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -39.88 | -14,314 | 28,932 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
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 |
Recent SEC filings of Southwest Airlines
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 06, 2023 | 8-K | Current Report | |
| Aug 22, 2023 | 4 | Insider Trading | |
| Aug 04, 2023 | 8-K | Current Report | |
| Aug 03, 2023 | 4 | Insider Trading | |
| Jul 28, 2023 | S-3ASR | S-3ASR | |
| Jul 28, 2023 | 10-Q | Quarterly Report | |
| Jul 27, 2023 | 8-K | Current Report | |
| Jul 20, 2023 | 3 | Insider Trading | |
| Jul 19, 2023 | 8-K | Current Report |
LUV Fair Value
Loading...
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 | 59.7B | 88.6B | 1.59% | 78.56% | 17.9 | 0.63 | -6.50% | 16.33% |
DAL | 24.5B | 55.7B | -14.96% | 29.90% | 298.7 | 0.53 | 33.38% | 398.83% |
LUV | 16.2B | 25.1B | -13.46% | -10.91% | 37.28 | 0.64 | 18.83% | -71.05% |
UAL | 13.7B | 50.9B | -16.29% | 27.94% | 5.12 | 0.27 | 42.85% | 318.35% |
AAL | 8.3B | 52.9B | -13.15% | 5.90% | 3.16 | 0.16 | 29.91% | 237.04% |
| MID-CAP | ||||||||
ALK | 4.7B | 10.3B | -11.85% | -5.93% | 29.31 | 0.45 | 26.25% | -23.08% |
AAWW | 2.9B | 4.5B | 0.24% | 22.01% | 8.22 | 0.64 | 12.86% | -27.86% |
JBLU | 1.5B | 9.9B | -21.75% | -30.02% | 57.23 | 0.16 | 24.14% | 106.11% |
| SMALL-CAP | ||||||||
SAVE | 2.0B | 5.5B | -0.55% | -11.38% | -4.4 | 0.37 | 29.98% | -29.36% |
SKYW | 1.8B | 2.9B | -7.08% | 153.63% | -335.78 | 0.63 | -5.50% | -106.28% |
ATSG | 1.5B | 2.1B | -3.79% | -13.66% | 9.69 | 0.71 | 7.02% | -29.07% |
ALGT | 1.3B | 2.5B | -15.37% | 3.75% | 8.83 | 0.53 | 20.09% | 224.40% |
HA | 298.9M | 2.8B | -30.66% | -55.97% | -1.76 | 0.11 | 28.49% | 34.24% |
AIRT | 65.5M | 267.9M | 7.39% | 35.81% | -5.75 | 0.24 | 40.28% | -223.76% |
MESA | 35.2M | 509.3M | -38.36% | -47.70% | -0.17 | 0.07 | -5.00% | -178.26% |
Southwest Airlines News
Returns for LUV
Cumulative Returns on LUV
7.0%
10-Year Cumulative Returns
-4.6%
7-Year Cumulative Returns
-14.6%
5-Year Cumulative Returns
-10.8%
3-Year Cumulative Returns
Risks for LUV
What is the probability of a big loss on LUV?
86.9%
Probability that Southwest Airlines stock will be more than 20% underwater in next one year
51.5%
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
Financials for Southwest Airlines
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.2% | 25,135 | 24,826 | 23,814 | 22,693 | 21,152 | 18,432 | 15,790 | 12,752 | 9,866 | 6,866 | 9,048 | 12,765 | 16,611 | 21,512 | 22,428 | 22,401 | 22,337 | 22,170 | 21,965 | 21,535 | 21,263 |
| Operating Expenses | 2.8% | 24,614 | 23,942 | 22,797 | 21,096 | 19,217 | 17,061 | 14,069 | 12,394 | 11,652 | 10,373 | 12,864 | 14,748 | 16,364 | 19,170 | 19,471 | 19,289 | 19,246 | 19,075 | 18,759 | 18,393 | 18,074 |
| EBITDA | -100.0% | - | 2,595 | 2,384 | 2,748 | 2,962 | 2,427 | 2,933 | 1,521 | -643 | -2,496 | -2,789 | -918 | 1,459 | 3,646 | 4,294 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.10* | 0.10* | 0.12* | 0.14* | 0.13* | 0.19* | 0.12* | -0.07* | -0.36* | -0.31* | -0.07* | 0.09* | 0.17* | 0.19* | - | - | - | - | - | - |
| Interest Expenses | -14.8% | 259 | 304 | 305 | 351 | 331 | 340 | 336 | 340 | 325 | 215 | 212 | 90.00 | 94.00 | 87.00 | 88.00 | 67.00 | 89.00 | 89.00 | 107 | 128 | 123 |
| Earnings Before Taxes | -16.7% | 749 | 899 | 728 | 1,090 | 1,337 | 803 | 1,325 | -83.00 | -2,225 | -3,966 | -4,256 | -2,259 | 102 | 2,309 | 2,957 | 3,108 | 3,075 | 3,067 | 3,165 | 3,084 | 3,130 |
| EBT Margin | -100.0% | - | 0.04* | 0.03* | 0.05* | 0.06* | 0.04* | 0.08* | -0.01* | -0.23* | -0.58* | -0.47* | -0.18* | 0.01* | 0.11* | 0.13* | - | - | - | - | - | - |
| Net Income | -15.1% | 434 | 511 | 1,042 | 1,330 | 1,499 | 1,283 | 977 | 262 | -1,341 | -2,744 | -3,143 | -1,721 | 95.00 | 1,695 | 2,301 | 2,441 | 2,397 | 2,389 | 2,465 | 3,558 | 3,471 |
| Net Income Margin | -100.0% | - | 0.02* | 0.02* | 0.05* | 0.05* | 0.03* | 0.06* | 0.00* | -0.16* | -0.42* | -0.34* | -0.13* | 0.01* | 0.08* | 0.10* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 3,425 | 3,790 | 3,458 | 2,649 | 2,748 | 2,322 | 1,479 | 1,004 | -1,551 | -2,574 | -1,153 | 988 | 1,057 | 2,540 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 2.7% | 36,519 | 35,546 | 35,369 | 35,946 | 38,302 | 37,262 | 36,320 | 37,110 | 38,206 | 35,493 | 34,588 | 35,605 | 35,596 | 26,885 | 25,895 | 26,467 | 26,374 | 26,459 | 26,243 | 26,882 | 26,465 |
| Current Assets | 2.7% | 14,661 | 14,274 | 14,808 | 16,418 | 19,396 | 18,822 | 18,036 | 18,554 | 19,188 | 16,100 | 15,173 | 16,133 | 15,872 | 7,028 | 5,974 | 5,650 | 5,554 | 5,483 | 5,028 | 5,601 | 5,408 |
| Cash Equivalents | 9.6% | 9,158 | 8,359 | 9,492 | 10,443 | 13,234 | 13,098 | 12,480 | 12,980 | 14,124 | 11,971 | 11,063 | 12,109 | 12,351 | 3,940 | 2,548 | 2,488 | 2,446 | 2,344 | 1,854 | 2,104 | 2,114 |
| Net PPE | 3.2% | 18,596 | 18,024 | 17,342 | 16,337 | 15,594 | 14,937 | 14,842 | 15,056 | 15,242 | 15,648 | 15,831 | 16,056 | 16,247 | 16,989 | 17,025 | 17,842 | 17,733 | 17,773 | 19,525 | 19,279 | 19,066 |
| Goodwill | 0% | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 | 970 |
| Current Liabilities | 3.5% | 11,728 | 11,329 | 10,378 | 10,416 | 11,711 | 10,069 | 9,164 | 9,135 | 12,476 | 8,182 | 7,506 | 7,804 | 9,361 | 10,241 | 8,952 | 8,629 | 8,611 | 8,723 | 7,905 | 7,843 | 7,716 |
| Long Term Debt | -0.1% | 7,994 | 7,999 | 8,046 | 8,315 | 8,877 | 10,309 | 10,274 | 11,013 | 9,188 | 10,546 | 10,111 | 10,135 | 8,905 | 2,288 | 1,846 | 2,398 | 2,449 | 2,602 | 2,771 | 3,100 | 3,155 |
| Shareholder's Equity | 4.7% | 10,789 | 10,302 | 10,687 | 10,924 | 11,120 | 10,417 | 10,414 | 10,250 | 9,688 | 9,093 | 8,876 | 9,769 | 10,878 | 9,075 | 9,832 | 9,931 | 9,940 | 9,791 | 9,853 | 10,153 | 9,997 |
| Retained Earnings | 3.6% | 16,571 | 15,995 | 16,261 | 16,588 | 16,311 | 15,551 | 15,774 | 15,706 | 15,260 | 14,912 | 14,777 | 15,685 | 16,842 | 17,757 | 17,945 | 17,525 | 16,962 | 16,320 | 15,967 | 15,402 | 14,878 |
| Additional Paid-In Capital | 1.1% | 4,103 | 4,058 | 4,037 | 3,989 | 3,966 | 3,940 | 4,224 | 4,251 | 4,269 | 4,220 | 4,191 | 4,175 | 4,159 | 1,582 | 1,581 | 1,554 | 1,534 | 1,513 | 1,510 | 1,485 | 1,469 |
| Accumulated Depreciation | 2.0% | 14,159 | 13,878 | 13,642 | 13,501 | 13,216 | 12,945 | 12,732 | 12,496 | 12,199 | 11,733 | 11,743 | 11,443 | 11,164 | 10,912 | 10,688 | 10,445 | 10,164 | 9,875 | 9,731 | 9,437 | 9,166 |
| Shares Outstanding | 0.2% | 595 | 594 | - | 593 | 593 | 592 | - | 592 | 591 | 591 | - | 590 | 563 | 515 | - | 533 | 547 | 551 | - | 569 | 578 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -14.3% | 2,935 | 3,425 | 3,790 | 3,458 | 2,649 | 2,748 | 2,322 | 1,479 | 1,004 | -104 | -1,127 | 294 | 2,435 | 2,504 | 3,987 | 4,151 | 4,331 | 4,996 | 4,893 | 4,467 | 4,192 |
| Cashflow From Investing | 17.9% | -4,257 | -5,185 | -3,746 | -2,997 | -2,289 | -1,203 | -1,264 | -991 | -1,013 | -212 | -16.00 | 37.00 | 112 | -472 | -303 | -1,115 | -1,360 | -1,802 | -2,038 | -2,106 | -2,122 |
| Cashflow From Financing | 7.6% | -2,754 | -2,979 | -3,032 | -2,998 | -1,250 | -418 | 359 | 383 | 1,782 | 8,347 | 9,658 | 9,290 | 7,358 | -436 | -2,990 | -2,652 | -2,639 | -2,672 | -2,496 | -1,717 | -1,493 |
| Dividend Payments | 0% | 428 | 428 | - | - | - | - | - | - | - | - | 188 | 188 | 284 | 382 | 372 | 372 | 367 | 362 | 332 | 332 | 316 |
| Buy Backs | - | - | - | - | - | - | - | - | - | - | - | 451 | 1,001 | 1,501 | 1,951 | 2,000 | 1,950 | 1,950 | 2,000 | 2,000 | 1,850 | 1,650 |
LUV Income Statement
2023-06-30Condensed Consolidated Statement of Comprehensive Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| OPERATING REVENUES: | ||||
| Total operating revenues | $ 7,037 | $ 6,728 | $ 12,743 | $ 11,422 |
| OPERATING EXPENSES, NET: | ||||
| Salaries, wages, and benefits | 2,786 | 2,220 | 5,264 | 4,450 |
| Fuel and oil | 1,403 | 1,636 | 2,950 | 2,640 |
| Maintenance materials and repairs | 271 | 210 | 511 | 420 |
| Landing fees and airport rentals | 459 | 388 | 867 | 733 |
| Depreciation and amortization | 367 | 325 | 731 | 649 |
| Other operating expenses | 956 | 791 | 1,909 | 1,523 |
| Total operating expenses, net | 6,242 | 5,570 | 12,232 | 10,415 |
| OPERATING INCOME | 795 | 1,158 | 511 | 1,007 |
| OTHER EXPENSES (INCOME): | ||||
| Interest expense | 65 | 93 | 130 | 186 |
| Capitalized interest | (5) | (11) | (11) | (20) |
| Interest income | (144) | (28) | (269) | (31) |
| Loss on extinguishment of debt | 0 | 43 | 0 | 116 |
| Other (gains) losses, net | (7) | 25 | (21) | 96 |
| Total other expenses (income) | (91) | 122 | (171) | 347 |
| INCOME BEFORE INCOME TAXES | 886 | 1,036 | 682 | 660 |
| PROVISION FOR INCOME TAXES | 203 | 276 | 158 | 178 |
| NET INCOME | $ 683 | $ 760 | $ 524 | $ 482 |
| Net income per share, basic (in USD per share) | $ 1.15 | $ 1.29 | $ 0.88 | $ 0.83 |
| Net income per share, diluted (in USD per share) | $ 1.08 | $ 1.20 | $ 0.84 | $ 0.77 |
| COMPREHENSIVE INCOME | $ 544 | $ 674 | $ 238 | $ 899 |
| WEIGHTED AVERAGE SHARES OUTSTANDING | ||||
| Basic (in shares) | 595 | 593 | 595 | 593 |
| Diluted (in shares) | 639 | 635 | 639 | 640 |
| Passenger | ||||
| OPERATING REVENUES: | ||||
| Total operating revenues | $ 6,409 | $ 6,119 | $ 11,514 | $ 10,254 |
| Freight | ||||
| OPERATING REVENUES: | ||||
| Total operating revenues | 47 | 47 | 87 | 89 |
| Other | ||||
| OPERATING REVENUES: | ||||
| Total operating revenues | $ 581 | $ 562 | $ 1,142 | $ 1,079 |
LUV Balance Sheet
2023-06-30Condensed Consolidated Balance Sheet - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 9,158 | $ 9,492 |
| Short-term investments | 3,021 | 2,800 |
| Accounts and other receivables | 1,233 | 1,040 |
| Inventories of parts and supplies, at cost | 714 | 790 |
| Prepaid expenses and other current assets | 535 | 686 |
| Total current assets | 14,661 | 14,808 |
| Property and equipment, at cost: | ||
| Flight equipment | 25,229 | 23,725 |
| Ground property and equipment | 7,159 | 6,855 |
| Deposits on flight equipment purchase contracts | 324 | 376 |
| Assets constructed for others | 43 | 28 |
| Property and equipment, at cost | 32,755 | 30,984 |
| Less allowance for depreciation and amortization | 14,159 | 13,642 |
| Property and equipment, net | 18,596 | 17,342 |
| Goodwill | 970 | 970 |
| Operating lease right-of-use assets | 1,335 | 1,394 |
| Other assets | 957 | 855 |
| Total assets | 36,519 | 35,369 |
| Current liabilities: | ||
| Accounts payable | 1,882 | 2,004 |
| Accrued liabilities | 2,468 | 2,043 |
| Current operating lease liabilities | 226 | 225 |
| Air traffic liability | 7,121 | 6,064 |
| Current maturities of long-term debt | 31 | 42 |
| Total current liabilities | 11,728 | 10,378 |
| Long-term debt less current maturities | 7,994 | 8,046 |
| Air traffic liability - noncurrent | 1,938 | 2,186 |
| Deferred income taxes | 2,057 | 1,985 |
| Noncurrent operating lease liabilities | 1,077 | 1,118 |
| Other noncurrent liabilities | 936 | 969 |
| Stockholders' equity: | ||
| Common stock | 888 | 888 |
| Capital in excess of par value | 4,103 | 4,037 |
| Retained earnings | 16,571 | 16,261 |
| Accumulated other comprehensive income | 58 | 344 |
| Treasury stock, at cost | (10,831) | (10,843) |
| Total stockholders' equity | 10,789 | 10,687 |
| Total liabilities and stockholders' equity | $ 36,519 | $ 35,369 |
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.