• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SC 13D/A filed by Southwest Airlines Company

    9/24/24 4:30:17 PM ET
    $LUV
    Air Freight/Delivery Services
    Consumer Discretionary
    Get the next $LUV alert in real time by email
    SC 13D/A 1 p24-2831sc13da.htm SOUTHWEST AIRLINES CO.
    SECURITIES AND EXCHANGE COMMISSION  
    Washington, D.C. 20549  
       

    SCHEDULE 13D

    (Amendment No. 3)*

     
    Under the Securities Exchange Act of 1934
     

    Southwest Airlines Co.

    (Name of Issuer)
     

    Common Stock, par value $1.00 per share

    (Title of Class of Securities)
     

    844741108

    (CUSIP Number)
     

    Elliott Investment Management L.P.

    360 S. Rosemary Ave, 18th Floor

    West Palm Beach, FL 33401

     

    with a copy to:

    Eleazer Klein, Esq.
    Adriana Schwartz, Esq.

    Schulte Roth & Zabel LLP

    919 Third Avenue

    New York, New York 10022

    (212) 756-2000

    (Name, Address and Telephone Number of Person
    Authorized to Receive Notices and Communications)
     

    September 24, 2024

    (Date of Event Which Requires Filing of This Statement)
     

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ¨

     

    (Page 1 of 15 Pages)

    ______________________________

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

    CUSIP No. 844741108Schedule 13D/APage 2 of 15 Pages

     

    1

    NAME OF REPORTING PERSON

    Elliott Investment Management L.P.

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☒

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    OO

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH:
    7

    SOLE VOTING POWER

    61,116,500

    8

    SHARED VOTING POWER

    -0-

    9

    SOLE DISPOSITIVE POWER

    61,116,500

    10

    SHARED DISPOSITIVE POWER

    -0-

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    61,116,500

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    10.2%

    14

    TYPE OF REPORTING PERSON

    PN, IA

             

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 3 of 15 Pages

     

     

    1

    NAME OF REPORTING PERSON

    Michael Cawley

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☒

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    PF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    Ireland

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

    19,765

    8

    SHARED VOTING POWER

    -0-

    9

    SOLE DISPOSITIVE POWER

    19,765

    10

    SHARED DISPOSITIVE POWER

    -0-

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    19,765

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)

    Less than 0.1%

    14

    TYPE OF REPORTING PERSON

    IN

             

     

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 4 of 15 Pages

     

     

    1

    NAME OF REPORTING PERSON

    David Cush

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☒

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    PF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

    10,000

    8

    SHARED VOTING POWER

    -0-

    9

    SOLE DISPOSITIVE POWER

    10,000

    10

    SHARED DISPOSITIVE POWER

    -0-

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    10,000

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)

    Less than 0.1%

    14

    TYPE OF REPORTING PERSON

    IN

             

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 5 of 15 Pages

     

     

    1

    NAME OF REPORTING PERSON

    Sarah Feinberg

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☒

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    PF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

    3,068 (1)

    8

    SHARED VOTING POWER

    -0-

    9

    SOLE DISPOSITIVE POWER

    3,068 (1)

    10

    SHARED DISPOSITIVE POWER

    -0-

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    3,068 (1)

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)

    Less than 0.1%

    14

    TYPE OF REPORTING PERSON

    IN

             

     

    (1) Includes 268 shares of Common Stock directly held by domestic partner.

     

     

    CUSIP No. 844741108Schedule 13D/APage 6 of 15 Pages

     

     

    1

    NAME OF REPORTING PERSON

    Joshua Gotbaum

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☒

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    PF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

    19,162

    8

    SHARED VOTING POWER

    -0-

    9

    SOLE DISPOSITIVE POWER

    19,162

    10

    SHARED DISPOSITIVE POWER

    -0-

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    19,162

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)

    Less than 0.1%

    14

    TYPE OF REPORTING PERSON

    IN

             

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 7 of 15 Pages

     

     

    1

    NAME OF REPORTING PERSON

    Robert Milton

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☒

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    PF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

    1,953

    8

    SHARED VOTING POWER

    -0-

    9

    SOLE DISPOSITIVE POWER

    1,953

    10

    SHARED DISPOSITIVE POWER

    -0-

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    1,953

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)

    Less than 0.1%

    14

    TYPE OF REPORTING PERSON

    IN

             

     

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 8 of 15 Pages

     

     

    1

    NAME OF REPORTING PERSON

    Gregg Saretsky

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☒

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    PF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

    4,000

    8

    SHARED VOTING POWER

    -0-

    9

    SOLE DISPOSITIVE POWER

    4,000

    10

    SHARED DISPOSITIVE POWER

    -0-

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    4,000

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)

    Less than 0.1%

    14

    TYPE OF REPORTING PERSON

    IN

             

     

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 9 of 15 Pages

     

     

    1

    NAME OF REPORTING PERSON

    Easwaran Sundaram

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☒

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    PF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

    2,073 (1)

    8

    SHARED VOTING POWER

    -0-

    9

    SOLE DISPOSITIVE POWER

    2,073 (1)

    10

    SHARED DISPOSITIVE POWER

    -0-

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    2,073 (1)

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)

    Less than 0.1%

    14

    TYPE OF REPORTING PERSON

    IN

             

     

    (1) Seventy-three shares of Common Stock directly held by Mr. Sundaram were omitted from rows (7), (9) and (11) of his cover page in Amendment No. 1 and Amendment No. 2 of the Schedule 13D, the amount reflected therein should have been 2,073.

     

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 10 of 15 Pages

     

     

    1

    NAME OF REPORTING PERSON

    Patricia Watson

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ☒

    (b) ¨

    3 SEC USE ONLY
    4

    SOURCE OF FUNDS

    PF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

    5,243 (1)

    8

    SHARED VOTING POWER

    -0-

    9

    SOLE DISPOSITIVE POWER

    5,243 (1)

    10

    SHARED DISPOSITIVE POWER

    -0-

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

    5,243 (1)

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (see Item 5)

    Less than 0.1%

    14

    TYPE OF REPORTING PERSON

    IN

             

     

    (1) Includes 1,279 shares of Common Stock directly held by spouse. One-hundred shares of Common Stock directly held by Ms. Watson’s spouse were omitted from rows (7), (9) and (11) and footnote (1) of her cover page in Amendment No. 1 and Amendment No. 2 of the Schedule 13D; the amount reflected on rows (7), (9) and (11) of her cover page should have been 5,186 and the amount reflected in footnote (1) of her cover page should have been 1,222.

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 11 of 15 Pages

      

    The following constitutes Amendment No. 3 to the Schedule 13D (“Amendment No. 3”). This Amendment No. 3 amends the Schedule 13D as specifically set forth herein.

     

    Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
       

    The tenth paragraph of Item 3 of Amendment No. 1 to the Schedule 13D is hereby corrected to read as follows:

     

    Mr. Sundaram used a total of approximately $52,529, excluding commissions, to acquire the 2,073 shares of Common Stock reported herein as beneficially owned by him.

     

    The last paragraph of Item 3 of Amendment No. 1 to the Schedule 13D is hereby corrected to read as follows:

     

    Ms. Watson used a total of approximately $99,898, excluding commissions, to acquire 3,964 of the shares of Common Stock reported herein as beneficially owned by her. Ms. Watson’s spouse used a total of approximately $37,500, excluding commissions, to acquire 1,222 shares of the shares of Common Stock reported herein as beneficially owned by Ms. Watson.

     

    The first paragraph of Item 3 of the Schedule 13D is hereby amended and restated to read as follows:

     

    The aggregate cost of the shares of Common Stock directly held by the Elliott Funds is approximately $1,603,847,662.

     

    The last paragraph of Item 3 of the Schedule 13D is hereby amended and restated to read as follows:

     

    Ms. Watson used a total of approximately $99,898, excluding commissions, to acquire 3,964 of the shares of Common Stock reported herein as beneficially owned by her. Ms. Watson’s spouse used a total of approximately $39,000, excluding commissions, to acquire 1,279 shares of the shares of Common Stock reported herein as beneficially owned by Ms. Watson.

     
    Item 4. PURPOSE OF TRANSACTION
       
    Item 4 of the Schedule 13D is hereby amended and supplemented to add the following:
       
    On September 24, 2024, EIM issued a press release (the “September 24  Press Release”) with an open letter to the Issuer’s shareholders. The September 24 Press Release is attached hereto as Exhibit 99.7 and is incorporated by reference herein.
       
    Item 5. INTEREST IN SECURITIES OF THE ISSUER
       
    The second paragraph of Item 5(a) of Amendment No. 1 to the Schedule 13D is hereby corrected to read as follows:
       
    By virtue of the Candidate Agreements, EIM and the Candidate Reporting Persons may be deemed to have formed a “group” within the meaning of Section 13(d)(3) of the Exchange Act and the “group” may be deemed to beneficially own an aggregate of 49,013,707 shares of Common Stock, representing approximately 8.2% of the outstanding shares of Common Stock. Each Reporting Person expressly disclaims beneficial ownership of the shares of Common Stock beneficially owned by the other Reporting Persons.

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 12 of 15 Pages

      

    The second paragraph of Item 5(a) of Amendment No. 2 to the Schedule 13D is hereby corrected to read as follows:
       
    By virtue of the Candidate Agreements, EIM and the Candidate Reporting Persons may be deemed to have formed a “group” within the meaning of Section 13(d)(3) of the Exchange Act and the “group” may be deemed to beneficially own an aggregate of 58,153,707 shares of Common Stock, representing approximately 9.7% of the outstanding shares of Common Stock. Each Reporting Person expressly disclaims beneficial ownership of the shares of Common Stock beneficially owned by the other Reporting Persons.
       
    Items 5(a)-(c) of the Schedule 13D are hereby amended and restated to read as follows:
       

    (a) See rows (11) and (13) of the cover page to this Schedule 13D for the aggregate number of shares of Common Stock and percentage of shares of Common Stock beneficially owned by each Reporting Person. The aggregate percentage of shares of Common Stock reported beneficially owned by each Reporting Person is based upon 599,157,019 shares of Common Stock outstanding as of July 25, 2024, as disclosed in the Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2024, filed by the Issuer with the Securities and Exchange Commission on July 29, 2024.

     

    By virtue of the Candidate Agreements, EIM and the Candidate Reporting Persons may be deemed to have formed a “group” within the meaning of Section 13(d)(3) of the Exchange Act and the “group” may be deemed to beneficially own an aggregate of 61,181,764 shares of Common Stock, representing approximately 10.2% of the outstanding shares of Common Stock. Each Reporting Person expressly disclaims beneficial ownership of the shares of Common Stock beneficially owned by the other Reporting Persons.

     
    (b) See rows (7) through (10) of the cover page to this Schedule 13D for the shares of Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
     
    (c) The transactions in the shares of Common Stock effected by each of the Reporting Persons since the filing of Amendment No. 2 and two transactions by Ms. Watson’s spouse, which were omitted from Amendment No. 1 are set forth on Schedule 1 attached hereto.
     
    Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
       
    The second and third paragraphs of Item 6 of the Schedule 13D are hereby amended and restated to read as follows:
       
    The Elliott Funds have entered into notional principal amount derivative agreements (the “Cash Derivative Agreements”) in the form of cash settled swaps with respect to an aggregate of 4,808,000 shares of Common Stock of the Issuer (collectively representing economic exposure comparable to 0.8% of the shares of Common Stock of the Issuer).  The Cash Derivative Agreements provide the Elliott Funds with economic results that are comparable to the economic results of ownership but do not provide them or EIM with the power to vote or direct the voting or dispose of or direct the disposition of the shares that are referenced in the Cash Derivative Agreements (such shares, the “Subject Shares”).  EIM disclaims beneficial ownership in the Subject Shares.  The counterparties to the Cash Derivative Agreements are unaffiliated third-party financial institutions.
     
    EIM has combined economic exposure in the Issuer of approximately 11.0% of the shares of Common Stock outstanding.

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 13 of 15 Pages

     

     

    Item 7. EXHIBITS
       
    Item 7 of the Schedule 13D is hereby amended and supplemented to add the following:
       
    Exhibit 99.7: Press Release, dated September 24, 2024.
       

     

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 14 of 15 Pages

     

    SIGNATURES

    After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

    DATE: September 24, 2024

     

    Elliott Investment Management L.P.  
       
    /s/ Elliot Greenberg  
    Name: Elliot Greenberg  
    Title: Vice President  

     

    /s/ Elliot Greenberg  
    As attorney-in-fact for Michael Cawley, David Cush, Sarah Feinberg, Joshua Gotbaum, Robert Milton, Gregg Saretsky, Easwaran Sundaram and Patricia Watson  

     

     

     

     

    CUSIP No. 844741108Schedule 13D/APage 15 of 15 Pages

    SCHEDULE 1

     

    Transactions in the Shares of Common Stock of the Issuer

     

    The “Price Range ($)” for the August 14, 2024 and August 15, 2024 transactions reported for EIM in Schedule 1 of Amendment No. 2 to the Schedule 13D should have been 25.19 - 25.60 and 26.03 - 26.54, respectively, and are hereby corrected.

    The following table sets forth all transactions in the shares of Common Stock effected by each of the Reporting Persons since the filing of Amendment No. 2 and two transactions by Ms. Watson’s spouse which were omitted from Amendment No. 1. Except as noted below, all such transactions were effected by each Reporting Person in the open market through brokers and the price per share excludes commissions. Where a price range is provided in the column titled “Price Range ($)”, the price reported in the column titled “Price Per Share ($)” is a weighted average price. These shares of Common Stock were sold or purchased in multiple transactions at prices between the price ranges indicated in the column titled “Price Range ($)”. Each Reporting Person will undertake to provide to the staff of the SEC, upon request, full information regarding the shares of Common Stock sold or purchased at each separate price by such Reporting Person.

    EIM

    Trade Date Shares Purchased (Sold) Price Per Share ($) Price Range ($)
    08/26/2024 1,228,000 28.17 27.99 - 28.37
    08/27/2024 200,000 28.09 27.99 - 28.20
    08/27/2024 1,600,000* 28.40  

     

    * Block purchase from a broker dealer counterparty.

     

    MS. WATSON

     

    Trade Date Shares Purchased (Sold) Price Per Share ($) Price Range ($)
    06/28/2024 39* 25.56  
    07/31/2024 61* 24.55  
    08/30/2024 57* 26.23  

     

    * Represents an acquisition under the Issuer’s Amended and Restated 1991 Employee Stock Purchase Plan by Ms. Watson’s spouse.

     

    Get the next $LUV alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $LUV

    DatePrice TargetRatingAnalyst
    4/1/2025$28.00Hold → Underperform
    Jefferies
    3/20/2025$29.00 → $36.00Sell → Neutral
    UBS
    3/20/2025Sell → Hold
    Melius
    3/3/2025$25.00Neutral → Underweight
    Analyst
    2/11/2025$35.00Hold → Buy
    Argus
    1/17/2025$31.00Neutral → Underperform
    BofA Securities
    1/16/2025$31.50 → $29.50Neutral → Sell
    Citigroup
    12/11/2024$42.00Overweight
    Morgan Stanley
    More analyst ratings

    $LUV
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Southwest Airlines Company

      SC 13D/A - SOUTHWEST AIRLINES CO (0000092380) (Subject)

      10/30/24 8:00:54 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Southwest Airlines Company

      SC 13D/A - SOUTHWEST AIRLINES CO (0000092380) (Subject)

      10/24/24 8:30:19 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Southwest Airlines Company

      SC 13D/A - SOUTHWEST AIRLINES CO (0000092380) (Subject)

      10/15/24 8:30:15 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Saretsky Gregg A bought $100,169 worth of shares (3,670 units at $27.29), increasing direct ownership by 33% to 14,881 units (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      5/1/25 5:33:29 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Director Breber Pierre R bought $268,877 worth of shares (10,000 units at $26.89) (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      4/30/25 4:40:17 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Director Hess David P bought $198,900 worth of shares (7,500 units at $26.52), increasing direct ownership by 48% to 23,156 units (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      4/29/25 6:15:38 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Southwest Air downgraded by Jefferies with a new price target

      Jefferies downgraded Southwest Air from Hold to Underperform and set a new price target of $28.00

      4/1/25 9:02:22 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Southwest Air upgraded by UBS with a new price target

      UBS upgraded Southwest Air from Sell to Neutral and set a new price target of $36.00 from $29.00 previously

      3/20/25 7:47:06 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Southwest Air upgraded by Melius

      Melius upgraded Southwest Air from Sell to Hold

      3/20/25 7:46:40 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Saretsky Gregg A bought $100,169 worth of shares (3,670 units at $27.29), increasing direct ownership by 33% to 14,881 units (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      5/1/25 5:33:29 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Director Breber Pierre R bought $268,877 worth of shares (10,000 units at $26.89) (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      4/30/25 4:40:17 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Director Hess David P bought $198,900 worth of shares (7,500 units at $26.52), increasing direct ownership by 48% to 23,156 units (SEC Form 4)

      4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)

      4/29/25 6:15:38 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • SOUTHWEST AIRLINES RANKS FIRST IN ECONOMY CLASS CUSTOMER SATISFACTION BY J.D. POWER FOR FOURTH YEAR IN A ROW

      Carrier also leads in six key study dimensions, including No. 1 Airline Staff and No. 1 in Level of Trust 1 DALLAS, May 7, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) is recognized by J.D. Power as the Best Airline for Economy Class Customer Satisfaction 1 for the fourth consecutive year, highlighting the airline's unwavering commitment to its Customers. Southwest Airlines® was named the Most Satisfying Economy Air Travel Experience in the J.D. Power 2025 North America Airline Satisfaction Study and No. 1 in Airline Staff and Level of Trust.  "We're honored to receive this ranking for a fourth year since it celebrates our Customer-friendly choices and our legendary Hospitality," s

      5/7/25 8:00:00 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SOUTHWEST AIRLINES ANNOUNCES REIMAGINED FARE PRODUCTS, NEW BENEFITS FOR RAPID REWARDS CREDIT CARDMEMBERS AND TIER MEMBER CUSTOMERS

      Products provide choice for Customers to have a broader range of travel experiences  DALLAS, April 28, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) announces its new fare products, as well as new benefits for its Rapid Rewards® Credit Cardmembers and Tier Members, aiming to deepen and reward loyalty for the airline's most engaged Customers. "With new choices like seat selection and Extra Legroom, our enhanced fare bundles let Customers customize their trip while still enjoying our industry-leading reliability and hospitality." said Tony Roach, Executive Vice President Customer & Brand.  The new fare products, Choice Extra, Choice Preferred, and Choice (formerly Business Select, An

      4/28/25 2:16:00 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Yieldstreet and Upgrade Partner to Expand Access to Consumer Credit Investing

      Collaboration introduces Buy Now, Pay Later (BNPL) travel financing strategy to Yieldstreet investors Yieldstreet, a leading private markets investing platform, and Upgrade Inc., a fintech company offering affordable and responsible credit products to mainstream consumers, today announced the completion of an agreement to purchase assets through Flex Pay, Upgrade's BNPL financing solution. This partnership enables individual investors to target passive income from exposure to high-quality consumer BNPL loans. The first transaction, which closed in April 2025, includes a pool of travel loans through Flex Pay's strong partnerships with over 750 travel partners, including major airlines, cru

      4/28/25 9:00:00 AM ET
      $CCL
      $LUV
      $NCLH
      $UAL
      Marine Transportation
      Consumer Discretionary
      Air Freight/Delivery Services
      Hotels/Resorts

    $LUV
    Financials

    Live finance-specific insights

    See more
    • SOUTHWEST AIRLINES REPORTS FIRST QUARTER 2025 RESULTS

      DALLAS, April 23, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its first quarter 2025 financial results:   Net loss of $149 million, or $0.26 loss per diluted shareNet loss, excluding special items1, of $77 million, or $0.13 loss per diluted shareRecord first quarter operating revenues of $6.4 billion on all-time record yieldsLiquidity2 of $9.3 billion, well in excess of debt outstanding of $6.7 billionBob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "While the broader economic environment has been dynamic, we remain focused on executing our transformational plan. On costs, we beat our previously adju

      4/23/25 4:37:00 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SOUTHWEST AIRLINES DECLARES 184th QUARTERLY DIVIDEND

      DALLAS, Feb. 5, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) Board of Directors declared a quarterly cash dividend of $.18 per share to Shareholders of record at the close of business on March 12, 2025, on all shares then issued and outstanding. The quarterly dividend will be paid on April 2, 2025. SW-DSR View original content:https://www.prnewswire.com/news-releases/southwest-airlines-declares-184th-quarterly-dividend-302368917.html SOURCE Southwest Airlines Co.

      2/5/25 9:10:00 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SOUTHWEST AIRLINES REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

      DALLAS, Jan. 30, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its fourth quarter and full year 2024 financial results: Fourth quarter and full year net income of $261 million and $465 million, or $0.42 and $0.76 per diluted share, respectivelyFourth quarter and full year net income, excluding special items1, of $356 million and $597 million, or $0.56 and $0.96 per diluted share, respectivelyRecord fourth quarter and record full year operating revenues of $6.9 billion and $27.5 billion, respectivelyRecord fourth quarter and record full year operating revenues, excluding special items1, of $7.0 billion and $27.6 billion, respectivelyFourth quarter reve

      1/30/25 6:45:00 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    SEC Filings

    See more
    • SEC Form 10-Q filed by Southwest Airlines Company

      10-Q - SOUTHWEST AIRLINES CO (0000092380) (Filer)

      4/24/25 6:02:51 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • Southwest Airlines Company filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - SOUTHWEST AIRLINES CO (0000092380) (Filer)

      4/23/25 4:22:52 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SEC Form DEFA14A filed by Southwest Airlines Company

      DEFA14A - SOUTHWEST AIRLINES CO (0000092380) (Filer)

      4/4/25 6:05:32 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary

    $LUV
    Leadership Updates

    Live Leadership Updates

    See more
    • SOUTHWEST AIRLINES NAMES RAKESH GANGWAL CHAIR OF THE BOARD AND ANNOUNCES NEW COMMITTEE CHAIRS

      DALLAS, Nov. 4, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) ("Southwest" or the "Company") today announced the appointment of Rakesh Gangwal as independent Chair of the Board of Directors and named new Board Committee Chairs, effective immediately: Lisa Atherton will serve as Chair of the Compensation CommitteeDouglas Brooks will serve as Chair of the Audit CommitteeDavid Hess will continue to serve as Chair of the Safety and Operations CommitteeChris Reynolds will serve as Chair of the Nominating and Corporate Governance CommitteeGregg Saretsky will serve as Chair of the Finance CommitteeGangwal said, "We are embarking on the next era of change at Southwest as we build upon its

      11/4/24 7:30:00 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SOUTHWEST AIRLINES COMMENTS ON ELLIOTT MANAGEMENT'S SPECIAL MEETING REQUEST

      Reiterates Efforts to Reach Constructive Resolution with Elliott Outlines Actionable Steps Taken to Position Southwest for the FutureShareholders Not Required to Take Immediate ActionDALLAS, Oct. 14, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) ("Southwest" or the "Company") today confirmed that Elliott Investment Management L.P. ("Elliott") requested a Special Meeting of Shareholders to consider Elliott's proposals, including to remove without cause eight members of Southwest's Board of Directors (the "Board") and elect eight Director candidates chosen by Elliott, which appears designed to result in full control of the Board by Elliott's nominees. Southwest's Board issued the foll

      10/14/24 7:31:00 PM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary
    • SOUTHWEST AIRLINES APPOINTS ROBERT FORNARO TO BOARD OF DIRECTORS

      DALLAS, Sept. 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") has appointed Robert "Bob" Fornaro as a member of the Board, effective immediately. Fornaro is an accomplished airline executive with four decades of experience in the industry. He previously served on the Board of Directors of Spirit Airlines beginning in May 2014 until September 2019 and as President and Chief Executive Officer from January 2016 until December 2018, during which time he led the low-cost carrier through a period of substantial growth and transformation. Previously, he was President and Chief Executive Officer of AirTran Holdings Inc. from November 2007 until May 2011. Fornaro served as

      9/26/24 7:06:00 AM ET
      $LUV
      Air Freight/Delivery Services
      Consumer Discretionary