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, 2020, the company operated a total fleet of 718 Boeing 737 aircrafts; and served 107 destinations in 40 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. Its services also cover destinations in Hilo on Hawaii; Cozumel, Mexico; Steamboat Springs, Colorado; Miami, Florida; Palm Springs, California; and Montrose (Telluride and Crested Butte), Colorado. In addition, the company 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 provides a suite of digital platforms to support customers' travel needs, including Southwest.com, mobile website, and apps; and SWABIZ, an online booking tool. Further, it offers ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was founded in 1967 and is headquartered in Dallas, Texas.
IPO Year:
Exchange: NYSE
Website: southwest.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/1/2025 | $28.00 | Hold → Underperform | Jefferies |
| 3/20/2025 | $29.00 → $36.00 | Sell → Neutral | UBS |
| 3/20/2025 | Sell → Hold | Melius | |
| 3/3/2025 | $25.00 | Neutral → Underweight | Analyst |
| 2/11/2025 | $35.00 | Hold → Buy | Argus |
| 1/17/2025 | $31.00 | Neutral → Underperform | BofA Securities |
| 1/16/2025 | $31.50 → $29.50 | Neutral → Sell | Citigroup |
| 12/11/2024 | $42.00 | Overweight | Morgan Stanley |
| 12/6/2024 | $25.00 → $28.00 | Hold | TD Cowen |
| 11/26/2024 | $27.00 | Sell | UBS |
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
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
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
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
DALLAS, April 17, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) invites you to listen to a live webcast of its first quarter 2025 financial results. Details are as follows: When: Thursday, April 24, 2025, at 12:30 PM Eastern Time Who: Bob Jordan, President, Chief Executive Officer, and Vice Chairman of the Board of Directors Andrew Watterson, Chief Operating Officer Tom Doxey, Executive Vice President and Chief Financial Officer Web Address: http://www.southwestairlinesinvestorrelations.com/ To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click on "Investor Relations" under the "About Southwest" menu at the bot
DALLAS, April 17, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) invites you to listen to a live webcast of its first quarter 2025 financial results. Details are as follows: When: Thursday, April 24, 2025, at 12:30 PM Eastern Time Who: Bob Jordan, President, Chief Executive Officer, and Vice Chairman of the Board of Directors Andrew Watterson, Chief Operating Officer Tom Doxey, Executive Vice President and Chief Financial Officer Web Address: http://www.southwestairlinesinvestorrelations.com/ To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click on "Investor Relations" under the "About Southwest" menu at the bot
DALLAS, March 11, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) is evolving rapidly, implementing new initiatives that support business objectives and create choice for current and future Customers of America's largest domestic carrier.1 Initiatives announced today will reward the airline's most loyal Customers and give all Customers more options for a broader range of travel experiences. "We have tremendous opportunity to meet current and future Customer needs, attract new Customer segments we don't compete for today, and return to the levels of profitability that both we and our Shareholders expect," said Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Boar
DALLAS, March 10, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) has been invited to speak at the J.P. Morgan Industrials Conference. J.P. Morgan will be webcasting the audio presentation live, and a link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website. Details of the audio webcast are as follows: Date: March 11, 2025 Time: 11:15am ET Speaker: Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors Web Address: www.southwestairlinesinvestorrelations.com To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click on "Investor Relat
DALLAS, March 4, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) has been invited to speak at the J.P. Morgan Industrials Conference. J.P. Morgan will be webcasting the audio presentation live, and a link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website. Details of the audio webcast are as follows: Date: March 11, 2025 Time: 11:15am ET Speaker: Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors Web Address: www.southwestairlinesinvestorrelations.com To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click on "Investor Relati
Airline implements workforce reduction in corporate and leadership roles DALLAS, Feb. 17, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today announced a reduction in its workforce to create a leaner and more agile organization as part of the airline's transformational plan. The workforce reduction of approximately 1,750 Employee roles is focused almost entirely on corporate overhead and leadership positions and represents approximately 15% of corporate positions, including senior leadership and directors. Eleven senior leadership positions (Vice President and above), also representing 15% of the Company's senior management committee, will be eliminated as part of
Jefferies downgraded Southwest Air from Hold to Underperform and set a new price target of $28.00
UBS upgraded Southwest Air from Sell to Neutral and set a new price target of $36.00 from $29.00 previously
Melius upgraded Southwest Air from Sell to Hold
Analyst downgraded Southwest Air from Neutral to Underweight and set a new price target of $25.00
Argus upgraded Southwest Air from Hold to Buy and set a new price target of $35.00
BofA Securities downgraded Southwest Air from Neutral to Underperform and set a new price target of $31.00
Citigroup downgraded Southwest Air from Neutral to Sell and set a new price target of $29.50 from $31.50 previously
Morgan Stanley resumed coverage of Southwest Air with a rating of Overweight and set a new price target of $42.00
TD Cowen reiterated coverage of Southwest Air with a rating of Hold and set a new price target of $28.00 from $25.00 previously
UBS resumed coverage of Southwest Air with a rating of Sell and set a new price target of $27.00
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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
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.
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
DALLAS, Nov. 21, 2024 /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 December 26, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on January 16, 2025. SW-DSR View original content:https://www.prnewswire.com/news-releases/southwest-airlines-declares-183rd-quarterly-dividend-302313664.html SOURCE Southwest Airlines Co.
DALLAS, Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its third quarter 2024 financial results: Net income of $67 million, or $0.11 per diluted shareNet income, excluding special items1, of $89 million, or $0.15 per diluted shareRecord third quarter operating revenues of $6.9 billionLiquidity2 of $10.4 billion, well in excess of debt outstanding of $8.0 billionAnnounced a $250 million accelerated share repurchase program under the Company's $2.5 billion share repurchase authorizationBob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "It's an exciting time for us as we execute on our 'Southwest.
Reimagines core product to meet evolving Customer preferences and increase revenue opportunitiesLaunches new commercial initiatives to enhance Customer Experience and drive value while preserving flexible policies like bags fly free1Expects to deliver in 2027: approximately $4 billion2 in cumulative incremental earnings before interest and taxes (EBIT) contribution and after-tax return on invested capital (ROIC) of 15 percent or greater, well above weighted average cost of capital (WACC)Board approves $2.5 billion share repurchase programDALLAS, Sept. 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) ("Southwest®" or the "Company") today will host an Investor Day briefing in Dallas
DALLAS, July 31, 2024 /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 September 4, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on September 25, 2024. SW-DSR View original content:https://www.prnewswire.com/news-releases/southwest-airlines-declares-182nd-quarterly-dividend-302211112.html SOURCE Southwest Airlines Co.
DALLAS, July 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its second quarter 2024 financial results: Net income of $367 million, or $0.58 per diluted shareNet income, excluding special items1, of $370 million, or $0.58 per diluted shareRecord quarterly operating revenues of $7.4 billionLiquidity2 of $11.0 billion, well in excess of debt outstanding of $8.0 billionBob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "Our second quarter performance was impacted by both external and internal factors and fell short of what we believe we are capable of delivering. The Southwest Airlines Board of Directors,
Board Acts in Response to a Significant Accumulation by Elliott Investment Management Protects Value of All Shareholders' Investments in Southwest Airlines DALLAS, July 3, 2024 /PRNewswire/ -- The Southwest Airlines Co. (NYSE:LUV) Board of Directors today announced that it has approved the adoption of a limited-duration Shareholder rights plan ("Rights Plan"). The Rights Plan is effective immediately and will expire in one year. Any extension would be subject to prior approval by the Company's Shareholders. The Board, in consultation with its advisors, adopted the Rights Plan in response to the public announcement by Elliott Investment Management L.P. (together with its affiliates, "Elliot
DALLAS, May 15, 2024 /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 June 19, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on July 10, 2024. SW-DSR View original content:https://www.prnewswire.com/news-releases/southwest-airlines-declares-181st-quarterly-dividend-302146449.html SOURCE Southwest Airlines Co.
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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
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
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
Has Received Overwhelmingly Supportive Feedback about Call for Leadership Change Responds to Company's Adoption of Shareholder-Unfriendly "Poison Pill" Reiterates Measures Necessary to Improve Performance Letter is available at StrongerSouthwest.com WEST PALM BEACH, Fla., July 8, 2024 /PRNewswire/ -- Elliott Investment Management L.P. (and its affiliates, "Elliott"), today sent a letter to the Board of Southwest Airlines Co. (NYSE:LUV) (the "Company" or "Southwest") summarizing the feedback received and key events that have occurred since the publication last month of Elliott's initial letter and presentation calling for leadership change.
DALLAS, July 8, 2024 /PRNewswire/ -- The Board of Directors of Southwest Airlines Co. (NYSE:LUV) ("Southwest") (the "Company") has appointed Rakesh Gangwal as a member of the Board, effective July 7. Gangwal has deep and extensive airline industry experience and is the co-founder of India's largest airline by fleet size and passengers carried, InterGlobe Aviation, known as IndiGo. Before co-founding IndiGo in 2006, Gangwal served as Chairman, President, and Chief Executive Officer of Worldspan Technologies, a provider of technology and information services to the travel and transportation industry. Prior to his time at Worldspan, Gangwal served as President and Chief Executive Officer of US
DALLAS, June 10, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) today reiterated its willingness to meet with Elliott Investment Management L.P. ("Elliott") to further discuss the airline's strategy to enhance value for all Shareholders: Southwest Airlines maintains an open dialogue with our Shareholders and values their perspectives related to enhancing Shareholder value. We were first contacted yesterday by Elliott. Our Board and Executive Leadership Team are thoughtfully reviewing Elliott's letter and presentation and look forward to further conversations with Elliott to better understand its view on the Company. We are confident that Southwest Airlines has the right strategy, th
DALLAS, April 5, 2024 /PRNewswire/ -- As disclosed in the Company's Proxy Statement released today, the Southwest Airlines Co. (NYSE:LUV) (the "Company") Board of Directors nominated 14 candidates to stand for election at the Company's Annual Meeting of Shareholders on May 15, 2024. As previously announced, the Board is excited to nominate Lisa Atherton to join the Board as a new Director. Directors Ron Ricks and John Montford will not stand for reelection. "On behalf of the Board, I want to thank Ron and John for their long-standing commitment to Southwest Airlines. They both made an immeasurable positive impact on the Board and our Company, and we owe them a tremendous debt of gratitude
DALLAS, Dec. 8, 2023 /PRNewswire/ -- The Board of Directors of Southwest Airlines Co. (NYSE:LUV) has named Lisa Atherton as a candidate to join the Board. Atherton, along with other Board nominees, will be on the ballot at the Company's Annual Meeting of Shareholders on May 15, 2024. Atherton is the President and Chief Executive Officer of Bell, a Textron Inc. (NYSE:TXT) company, and a member of Textron's Executive Leadership Team. She oversees a multibillion-dollar business that provides innovative products for defense and commercial customers across the globe. Prior to assuming her role as President and Chief Executive Officer, Atherton served as the Chief Operating Officer of Bell. In 20
DALLAS, July 17, 2023 /PRNewswire/ -- The Board of Directors of Southwest Airlines Co. (NYSE:LUV) has appointed Roy Blunt as a member of the Board, effective July 16. Blunt has been the Chairman of the Leadership Strategies Advisory Services Group in the Washington, D.C. office of Husch Blackwell Strategies, a government affairs advisory firm, since April. He previously served as a United States Senator from the State of Missouri (2011 to 2023), and as U.S. Representative for Missouri's 7th congressional district (1997 to 2011). In the Senate, Blunt's committee assignments included the Commerce Subcommittee on Aviation, Operations, and Innovation; the Committee on Intelligence; and the Appro
DALLAS, Feb. 1, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) today announced the promotion of Lauren Woods from Vice President of Technology to Senior Vice President and Chief Information Officer, and she will report to Chief Administration & Communications Officer Linda Rutherford. Since joining Southwest® in 2010, Woods has led key initiatives across Southwest's Technology Department, supporting the Company's Digital and Customer Channels and various Operations Teams and Platforms. She established cloud infrastructure, creating a new development and delivery platform for complex application ecosystems. In her new role, Woods will play an important role in managing the airline's t