Company research
SOUTHWEST AIRLINES CO
CIK 92380Updated Sep 24, 2026
SecurityLUV · NYSE · equity
LUV price & chart
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NYSE:LUV on TradingView ↗About the company
Southwest Airlines Co. operates one of the world’s most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 117 airports across 11 countries. Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline 1. By empowering its more than 72,000 2 People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among more than 140 million Customers carried in 2024. Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. Learn more by visiting Southwest.com/citizenship.
In the news
SOUTHWEST AIRLINES TO DISCUSS SECOND QUARTER 2026 FINANCIAL RESULTS ON JULY 23, 2026 ↗
SOUTHWEST AIRLINES HITS A HIGH NOTE: 15 YEARS OF LIVE AT 35 CELEBRATED WITH PLAIN WHITE T'S AT 35,000 FEET ↗
SOUTHWEST AIRLINES PREPARED TO ASSIST SPIRIT AIRLINES' CUSTOMERS FACING TRAVEL DISRUPTION ↗
Recent filings
4 filing
Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 1.02, 2.03, 9.01
4 filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
4 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 29,061,000,000Source | 33,750,000,000Source | 36,487,000,000Source | 35,369,000,000Source |
| Property, Plant and Equipment, NetUSD | 20,245,000,000Source | 19,056,000,000Source | 19,375,000,000Source | 17,342,000,000Source |
| GoodwillUSD | 970,000,000Source | 970,000,000Source | 970,000,000Source | 970,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 296,000,000Source | 300,000,000Source | 296,000,000Source | 296,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 3,231,000,000Source | 7,509,000,000Source | 9,288,000,000Source | 9,492,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 98,000,000Source | — | — | — |
| Assets, CurrentUSD | 5,645,000,000Source | 11,274,000,000Source | 13,955,000,000Source | 14,808,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 490,000,000Source | 639,000,000Source | 520,000,000Source | 686,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,089,000,000Source | 1,369,000,000Source | 1,223,000,000Source | 1,394,000,000Source |
| Other Assets, NoncurrentUSD | 1,112,000,000Source | 1,081,000,000Source | 964,000,000Source | 855,000,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 888,000,000Source | 888,000,000Source | 888,000,000Source | 888,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 16,388,000,000Source | 16,332,000,000Source | 16,297,000,000Source | 16,261,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -24,000,000Source | -25,000,000Source | 0Source | 344,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 7,981,000,000Source | 10,350,000,000Source | 10,515,000,000Source | 10,687,000,000Source |
| Additional Paid in Capital, Common StockUSD | 4,322,000,000Source | 4,199,000,000Source | 4,153,000,000Source | 4,037,000,000Source |
| Liabilities and EquityUSD | 29,061,000,000Source | 33,750,000,000Source | 36,487,000,000Source | 35,369,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 10,921,000,000Source | 12,276,000,000Source | 12,256,000,000Source | 10,378,000,000Source |
| Operating Lease, Liability, CurrentUSD | 312,000,000Source | 328,000,000Source | 208,000,000Source | 225,000,000Source |
| Accounts Payable, CurrentUSD | 1,991,000,000Source | 1,818,000,000Source | 1,862,000,000Source | 2,004,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 768,000,000Source | 1,031,000,000Source | 985,000,000Source | 1,118,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 2,289,000,000Source | 2,167,000,000Source | 2,044,000,000Source | 1,985,000,000Source |
| Other Liabilities, NoncurrentUSD | 1,306,000,000Source | 909,000,000Source | 981,000,000Source | 969,000,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 2,349,000,000Source | 2,206,000,000Source | 3,606,000,000Source | 2,043,000,000Source |
| Deferred Tax Liabilities, NetUSD | 2,289,000,000Source | 2,167,000,000Source | 2,044,000,000Source | 1,985,000,000Source |
| Dividends PayableUSD | 93,000,000Source | 107,000,000Source | 107,000,000Source | 107,000,000Source |
| Long-term DebtUSD | 4,929,000,000Source | 6,697,000,000Source | 8,012,000,000Source | 8,097,000,000Source |
| Short-term InvestmentsUSD | 0Source | 1,216,000,000Source | 2,186,000,000Source | 2,800,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Deferred Income Tax Expense (Benefit)USD | 122,000,000Source | 132,000,000Source | 159,000,000Source | 228,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,842,000,000Source | 462,000,000Source | 3,164,000,000Source | 3,790,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,429,000,000Source | -261,000,000Source | -2,932,000,000Source | -3,746,000,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 2,550,000,000Source | 250,000,000Source | — | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -4,691,000,000Source | -1,980,000,000Source | -436,000,000Source | -3,032,000,000Source |
| Dividends paid | — | — | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -26,000,000Source | -17,000,000Source | 6,000,000Source | 8,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -4,278,000,000Source | -1,779,000,000Source | -204,000,000Source | -2,988,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 3,231,000,000Source | 7,509,000,000Source | 9,288,000,000Source | 9,492,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 108,000,000Source | 220,000,000Source | 228,000,000Source | 305,000,000Source |
| Income Taxes Paid, NetUSD | -1,000,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 99,000,000Source | 45,000,000Source | 86,000,000Source | 84,000,000Source |
| Capitalized Computer Software, AmortizationUSD | 318,000,000Source | 271,000,000Source | 246,000,000Source | 232,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | 10,000,000Source | 2,000,000Source |
| Dividends PayableUSD | 93,000,000Source | 107,000,000Source | 107,000,000Source | 107,000,000Source |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | -8,000,000Source | 0Source | 0Source | -35,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | -2,000,000Source | 0Source | -193,000,000Source |
| GoodwillUSD | 970,000,000Source | 970,000,000Source | 970,000,000Source | 970,000,000Source |
| Income Tax Expense (Benefit)USD | 122,000,000Source | 133,000,000Source | 168,000,000Source | 189,000,000Source |
| InterestExpenseNonoperatingUSD | 167,000,000Source | 249,000,000Source | — | — |
| Investment Income, InterestUSD | 205,000,000Source | 497,000,000Source | 583,000,000Source | 217,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 441,000,000Source | 465,000,000Source | 465,000,000Source | 539,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 442,000,000Source | 485,000,000Source | 484,000,000Source | -3,074,000,000Source |
| Nonoperating Income (Expense)USD | 135,000,000Source | 277,000,000Source | 409,000,000Source | -289,000,000Source |
| Operating Costs and ExpensesUSD | 27,635,000,000Source | 27,162,000,000Source | 25,867,000,000Source | 22,797,000,000Source |
| Other Nonoperating Income (Expense)USD | 43,000,000Source | -4,000,000Source | 62,000,000Source | -12,000,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | 0Source |
| Unrealized Gain (Loss) on DerivativesUSD | 8,000,000Source | 0Source | 0Source | 2,000,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | 0Source | 4,000,000Source | -4,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 28,063,000,000Source | 27,483,000,000Source | 26,091,000,000Source | 23,814,000,000Source |
| Operating Income (Loss)USD | 428,000,000Source | 321,000,000Source | 224,000,000Source | 1,017,000,000Source |
| Other Nonoperating Income (Expense)USD | 43,000,000Source | -4,000,000Source | 62,000,000Source | -12,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 563,000,000Source | 598,000,000Source | 633,000,000Source | 728,000,000Source |
| Income Tax Expense (Benefit)USD | 122,000,000Source | 133,000,000Source | 168,000,000Source | 189,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 441,000,000Source | 465,000,000Source | 465,000,000Source | 539,000,000Source |
| Earnings Per Share, BasicUSD per share | 0.82Source | 0.78Source | 0.78Source | 0.91Source |
| Earnings Per Share, DilutedUSD per share | 0.79Source | 0.76Source | 0.76Source | 0.87Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 540,000,000Source | 598,000,000Source | 595,000,000Source | 593,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 558,000,000Source | 643,000,000Source | 640,000,000Source | 642,000,000Source |
| Interest Expense (non-operating)USD | 167,000,000Source | 249,000,000Source | — | — |
| Additional Financial Items | ||||
| Capitalized Computer Software, AmortizationUSD | 318,000,000Source | 271,000,000Source | 246,000,000Source | 232,000,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.72Source | 0.72Source | — | — |
| Current Income Tax Expense (Benefit)USD | 0Source | 1,000,000Source | 9,000,000Source | -39,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | — | — | 10,000,000Source | 2,000,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,560,000,000Source | 1,657,000,000Source | 1,522,000,000Source | 1,351,000,000Source |
| Fuel CostsUSD | 5,240,000,000Source | 5,812,000,000Source | 6,217,000,000Source | 5,975,000,000Source |
| Investment Income, InterestUSD | 205,000,000Source | 497,000,000Source | 583,000,000Source | 217,000,000Source |
| Labor and Related ExpenseUSD | 12,963,000,000Source | 12,240,000,000Source | 11,152,000,000Source | 9,376,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 442,000,000Source | 485,000,000Source | 484,000,000Source | -3,074,000,000Source |
| Nonoperating Income (Expense)USD | 135,000,000Source | 277,000,000Source | 409,000,000Source | -289,000,000Source |
| Operating Costs and ExpensesUSD | 27,635,000,000Source | 27,162,000,000Source | 25,867,000,000Source | 22,797,000,000Source |
| Other Cost and Expense, OperatingUSD | 4,467,000,000Source | 4,138,000,000Source | 3,999,000,000Source | 3,735,000,000Source |
Filing attachments
d83756dex41.htm · 8-K · 2025-11-03
EX-4.1 3 d83756dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN TH…
Read attachment ↗d83756dex42.htm · 8-K · 2025-11-03
EX-4.2 4 d83756dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN TH…
Read attachment ↗d907526dex991.htm · 8-K · 2025-02-18
EX-99.1 2 d907526dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Southwest Airlines Announces Reduction in Corporate Overhead Workforce Airline implements workforce reduction in corporate and leadership roles DALLAS - Feb. 17, 2025 - 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 a…
Read attachment ↗d906464dex991.htm · 8-K · 2025-02-10
EX-99.1 2 d906464dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 SOUTHWEST AIRLINES ANNOUNCES TOM DOXEY AS EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER DALLAS - Feb. 10, 2025 - Southwest Airlines Co. (NYSE: LUV) today announced that Tom Doxey has been named Executive Vice President & Chief Financial Officer effective March 10, bringing extensive experience in aviation finance, operations, and strategic transformation. “Tom’s expertise in financial planning, fleet management, and operationa…
Read attachment ↗d897449dex991.htm · 8-K · 2025-01-27
EX-99.1 2 d897449dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 SOUTHWEST AIRLINES CO. NOTICE OF CHANGE IN DEFAULT SETTLEMENT METHOD 1.250% CONVERTIBLE SENIOR NOTES DUE 2025 (CUSIP No. 844741 BG2)* (ISIN No. US844741 BG22)* January 27, 2025 Reference is made to the First Supplemental Indenture, dated as of May 1, 2020 (the “Supplemental Indenture”), entered into by and between Southwest Airlines Co., a Texas corporation (the “Issuer”), and Computershare Trust Company, N.A., as successor tru…
Read attachment ↗d194515dex991.htm · 8-K · 2025-01-10
EX-99.1 2 d194515dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 SOUTHWEST ANNOUNCES LEADERSHIP CHANGES DALLAS - Jan. 9, 2025 - Today two longtime Leaders at Southwest Airlines Co. (NYSE: LUV) announced plans to retire from their executive officer positions. Executive Vice President & Chief Financial Officer Tammy Romo and Chief Administration Officer Linda Rutherford will retire from their positions effective April 1, 2025. “For more than three decades, Tammy and Linda have led our organization…
Read attachment ↗