
Southwest Airlines Co.
NYSE•LUV
CEO: Mr. Robert E. Jordan
Sector: Industrials
Industry: Airlines, Airports & Air Services
Listing Date: 1980-01-02
Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 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. It also provides inflight entertainment and connectivity services on Wi-Fi enabled aircraft; 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. Southwest Airlines Co. was incorporated in 1967 and is headquartered in Dallas, Texas.
Contact Information
Market Cap
$22.34B
P/E (TTM)
63.4
21.9
Dividend Yield
1.6%
52W High
$45.02
52W Low
$23.82
52W Range
Rank39Top 39.1%
4.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$6.95B+1.15%
4-Quarter Trend
EPS
$0.10-9.09%
4-Quarter Trend
FCF
-$391.00M-5.56%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Record Quarterly Revenue Achieved Total operating revenues reached $6.95B USD in Q3 2025, marking an all-time quarterly record, up 1.1% versus prior year.
Strong Non-GAAP Operating Income Non-GAAP operating income for nine months totaled $159M USD, showing a massive 165.0% increase versus the same period last year.
Fuel Cost Decline Offset Expenses Economic fuel cost per gallon decreased 5.9% to $2.40 USD for Q3 2025, partially offsetting higher Salaries and wages expense.
Shareholder Capital Returned Returned $439M USD to Shareholders during Q3 2025 through dividends and accelerated share repurchase programs completion.
Risk Factors
Full Fuel Price Exposure Risk Fuel hedging program terminated in Q2 2025; company is now fully exposed to volatile jet fuel price fluctuations impacting operating costs.
GAAP Net Income Decreased GAAP net income fell 19.4% to $54M USD for Q3 2025, despite record revenue, due to increased operating expenses.
Ongoing Legal Contingencies Faces multiple class action lawsuits, including USERRA and securities litigation; adverse outcomes for these matters could be material.
MAX Aircraft Delivery Delays Continued MAX aircraft delivery delays from Boeing impact capacity planning and fleet modernization schedules for 2025 and beyond.
Outlook
Positive Q4 Revenue Guidance Q4 2025 RASM guidance projects 1% to 3% increase, supported by approximately 6% expected capacity growth (ASMs) year-over-year.
Workforce Savings Expected Expecting $210M USD in 2025 cost savings from the workforce reduction initiated in Q1 2025, with separations substantially complete.
Strategic Initiatives Underway Launched 'Getaways by Southwest' vacations and new fare products; announced free WiFi partnership for Rapid Rewards Members.
2025 EBIT Target Set Full year 2025 EBIT guidance estimated between $600M USD and $800M USD, reflecting current market expectations.
Peer Comparison
Revenue (TTM)
LUV$27.55B
RYAAY$16.64B
ACM$16.14B
Gross Margin (Latest Quarter)
JOBY55.4%
SNA52.2%
RBA46.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| FTAI | $26.02B | 53.3 | 370.3% | 81.3% |
| LUV | $22.34B | 63.4 | 4.3% | 18.6% |
| RBA | $20.58B | 47.1 | 7.5% | 36.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.1%
Moderate Growth
4Q Net Income CAGR
-40.9%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Jan 29, 2026
EPS:$0.55
|Revenue:$7.50B
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 23, 2025|Revenue: $6.95B+1.1%|EPS: $0.10-9.1%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 24, 2025|Revenue: $7.24B-1.5%|EPS: $0.40-35.5%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 25, 2025|Revenue: $6.43B+1.6%|EPS: $-0.26-33.3%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 7, 2025|Revenue: $27.48B+5.3%|EPS: $0.81+0.0%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 28, 2024|Revenue: $6.87B+5.3%|EPS: $0.11-65.6%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 29, 2024|Revenue: $7.35B+4.5%|EPS: $0.62-46.1%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 26, 2024|Revenue: $6.33B+10.9%|EPS: $-0.39+44.4%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 6, 2024|Revenue: $26.09B+9.6%|EPS: $0.81-11.0%Beat