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    Southwest Airlines Company (LUV)

    Official site

    INDUSTRIALS • AIRLINES • NYSE

    $39.36
    -1.29 (-3.17%)

    Market Cap: $19.97B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    72%(28/39)
    Avg Surprise
    +23.42%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.57
    Range$0.42 - $0.70
    21 analysts
    EPS Revisions
    1
    0
    7d
    2
    5
    30d
    EPS Estimate DriftChange to current
    90d ago$0.80-28.4%
    60d ago$0.71-19.3%
    30d ago$0.63-9.3%
    7d ago$0.59-3.1%
    Current$0.57
    Revenue Consensus
    $8.2B
    Range$8.1B - $8.3B
    16 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.32
    Range$0.77 - $2.03
    24 analysts
    Revenue Consensus
    $9.0B
    Range$8.5B - $9.4B
    20 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.32---
    Sep 26EST
    		-$0.57---
    Jun 26
    Reported Jul 22
    		$0.94$0.52+80.77%Beat+118.6%
    Mar 26
    Reported Apr 22
    		$0.45$0.47-4.26%Miss+446.2%
    Dec 25
    Reported Jan 28
    		$0.58$0.57+1.75%Beat+3.6%
    Sep 25
    Reported Oct 22
    		$0.11$-0.04+375.00%Beat-26.7%
    Jun 25
    Reported Jul 23
    		$0.43$0.51-15.69%Miss-25.9%
    Mar 25
    Reported Apr 23
    		$-0.13$-0.19+31.58%Beat+63.9%
    Dec 24
    Reported Jan 30
    		$0.56$0.46+21.74%Beat+51.4%
    Sep 24
    Reported Oct 24
    		$0.15$0.04+275.00%Beat-60.5%
    Jun 24
    Reported Jul 25
    		$0.58$0.51+13.73%Beat-46.8%
    Mar 24
    Reported Apr 25
    		$-0.36$-0.34-5.88%Miss-33.3%
    Dec 23
    Reported Jan 25
    		$0.37$0.13+184.62%Beat+197.4%
    Sep 23
    Reported Oct 26
    		$0.38$0.39-2.56%Miss-24.0%
    Jun 23
    Reported Jul 27
    		$1.09$1.10-0.91%Miss-16.2%
    Mar 23
    Reported Apr 27
    		$-0.27$-0.23-17.39%Miss+15.6%
    Dec 22
    Reported Jan 26
    		$-0.38$-0.11-245.45%Miss-371.4%
    Sep 22
    Reported Oct 27
    		$0.50$0.42+19.05%Beat+317.4%
    Jun 22
    Reported Jul 28
    		$1.30$1.18+10.17%Beat+471.4%
    Mar 22
    Reported Apr 28
    		$-0.32$-0.30-6.67%Miss+81.4%
    Dec 21
    Reported Jan 27
    		$0.14$0.07+100.00%Beat+110.9%
    Sep 21
    Reported Oct 21
    		$-0.23$-0.27+14.81%Beat+88.4%
    Jun 21
    Reported Jul 22
    		$-0.35$-0.23-52.17%Miss+86.9%
    Mar 21
    Reported Apr 22
    		$-1.72$-1.85+7.03%Beat-1046.7%
    Dec 20
    Reported Jan 28
    		$-1.29$-1.68+23.21%Beat-231.6%
    Sep 20
    Reported Oct 22
    		$-1.99$-2.24+11.16%Beat-261.8%
    Jun 20
    Reported Jul 23
    		$-2.67$-2.75+2.91%Beat-294.9%
    Mar 20
    Reported Apr 28
    		$-0.15N/A+53.13%Beat-121.4%
    Dec 19
    Reported Jan 23
    		$0.98$1.09-10.09%Miss-16.2%
    Sep 19
    Reported Oct 24
    		$1.23$1.08+13.89%Beat+13.9%
    Jun 19
    Reported Jul 25
    		$1.37$1.35+1.48%Beat+8.7%
    Mar 19
    Reported Apr 25
    		$0.70$0.62+12.90%Beat-6.7%
    Dec 18
    Reported Jan 24
    		$1.17$1.08+8.33%Beat+51.9%
    Sep 18
    Reported Oct 25
    		$1.08$1.08+0.00%Beat+22.7%
    Jun 18
    Reported Jul 26
    		$1.26$1.23+2.44%Beat+1.6%
    Mar 18
    Reported Apr 26
    		$0.75$0.74+1.35%Beat+23.0%
    Dec 17
    Reported Jan 25
    		$0.77$0.77+0.00%Beat+2.7%
    Sep 17
    Reported Oct 26
    		$0.88$0.87+1.15%Beat-
    Jun 17
    Reported Jul 27
    		$1.24$1.20+3.33%Beat-
    Mar 17
    Reported Apr 27
    		$0.61$0.63-3.17%Miss-
    Dec 16
    Reported Jan 26
    		$0.75$0.70+7.14%Beat-

    Dividends

    Dividend Metrics

    Forward Yield1.83%
    Forward Annual Dividend$0.72
    Payout Ratio42.06%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Sep
    LUV dividend history and ex-dividend datesRun LUV in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio18.92EV/EBITDA8.06x
    Price/FCF-42.12xFCF Yield-2.37%
    Profitability
    Profit Margin2.78%Operating Margin3.38%
    ROE11.10%ROIC6.56%
    Financial Health
    Debt/Equity0.84xInterest Coverage7.46x
    Current Ratio0.49xQuick Ratio0.42x
    Trading Statistics
    Beta1.16Avg Volume6.58M
    52-Week High$54.3852-Week Low$28.75

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$41.41
    SMA 20$41.53
    SMA 50$41.39
    SMA 200$43.27
    EMA 10$41.02
    EMA 20$41.16
    EMA 50$41.77
    EMA 200$41.44

    MACD

    Line: -0.13Signal: 0.06Hist: -0.19

    ADX

    ADX: 15.7+DI: 17.3-DI: 24.1

    Aroon & PSAR

    Aroon Up36.0
    Aroon DownN/A
    PSAR$42.75

    Bollinger Bands

    Upper Band$43.16
    Lower Band$39.90
    %B Position785%(Upper)
    Band Width-0.17

    RSI (14-Day)

    Neutral
    37.9

    Momentum Oscillators

    Stoch %K11.6
    Stoch %D21.7
    Williams %R-93.5
    ROC (10d)-5.5%
    Momentum-2.28
    CCI (20d)-213.2
    MFI (14d)41.1

    Volatility Measures

    ATR (14d)$1.19(3.0%)
    StdDev (20d)0.81
    Hist Vol28.0%(Moderate)

    Volume Flow

    VWAP$39.62
    OBV343.3M
    AD Line-1.7B
    CMF (20d)0.072

    Volume Metrics

    Avg Vol (20d)6.6M
    Vol Ratio0.9x
    VWMA (20d)$41.49

    Pivot Points

    R3$42.25
    R2$41.72
    R1$41.19
    Pivot Point$40.66
    S1$40.13
    S2$39.60
    S3$39.07

    Advanced Oscillators

    TSI-2.89
    Ultimate Osc44.4
    KST30.18

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$8.43B$7.25B$7.44B$6.95B$7.24B$6.43B$6.93B$6.87B$7.35B$6.33B$6.82B$6.53B
    Cost of Revenue$6.01B$4.91B$5.02B$4.85B$4.92B$4.64B$4.80B$4.82B$4.95B$4.83B$5.21B$4.62B
    Gross Profit$2.42B$2.34B$2.42B$2.10B$2.33B$1.78B$2.13B$2.05B$2.41B$1.50B$1.61B$1.91B
    Operating Expenses$2.14B$2.01B$2.03B$2.06B$2.10B$2.01B$1.85B$2.01B$2.01B$1.89B$2.01B$1.79B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$1.10B$1.04B$1.12B$1.12B$1.13B$1.09B$948.00M$1.08B$1.09B$1.02B$1.13B$958.00M
    Operating Income$285.00M$330.00M$391.00M$35.00M$225.00M$-223,000,000$278.00M$38.00M$398.00M$-393,000,000$-404,000,000$117.00M
    Interest Income$33.00M$23.00M$33.00M$34.00M$54.00M$84.00M$105.00M$121.00M$130.00M$141.00M$158.00M$156.00M
    Interest Expense$52.00M$42.00M$30.00M$22.00M$26.00M$35.00M$47.00M$54.00M$55.00M$58.00M$57.00M$59.00M
    Income Before Tax$306.00M$285.00M$407.00M$68.00M$280.00M$-192,000,000$329.00M$89.00M$478.00M$-298,000,000$-285,000,000$237.00M
    Income Tax Expense$73.00M$58.00M$84.00M$14.00M$67.00M$-43,000,000$67.00M$22.00M$111.00M$-67,000,000$-33,000,000$44.00M
    Net Income$233.00M$227.00M$323.00M$54.00M$213.00M$-149,000,000$262.00M$67.00M$367.00M$-231,000,000$-252,000,000$193.00M
    EBITDA$727.00M$702.00M$775.00M$450.00M$651.00M$155.00M$678.00M$460.00M$807.00M$27.00M$29.00M$516.00M
    EBIT$325.00M$304.00M$404.00M$56.00M$252.00M$-241,000,000$271.00M$22.00M$403.00M$-381,000,000$-386,000,000$140.00M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $94919
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    6
    New Awards (TTM)
    3
    Avg Remaining Term
    1.9 mo

    Top agency: Department of Defense at 100.0% of trailing twelve month obligations across 1 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    HTC71126F1367Department of DefenseUSTRANSCOM$66000Dec 15, 2025
    HTC71126F1072Department of DefenseUSTRANSCOM$33419Oct 10, 2025
    HTC71126F1038Department of DefenseUSTRANSCOM$3000Oct 1, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Delta Air Lines Cancels All Flights To 8 Destinations: See Full List Now

    Delta Air Lines has cut flights to eight destinations since 2025, including international locations like Papeete, London Gatwick, and Geneva, and domestic routes such as Midland, Williston Basin...

    Simple Flying•10/16/26•Neutral

    Delta Air Lines Announces New Boeing 757-200 Flights Between Boston & Reykjavík

    Delta Air Lines is launching a new daily nonstop service between Boston Logan International Airport (BOS) and Keflavik International Airport (KEF) in Reykjavík, Iceland, beginning April 12, 2027. This seasonal route...

    Simple Flying•10/16/26•Neutral

    Alaska Airlines & Hawaiian Airlines Are Taking What Passengers Eat At 35,000 Feet To The Next Level

    Alaska Airlines and Hawaiian Airlines are introducing new chef-curated menus and a premium wine program for their international Suites guests. These menus, crafted by acclaimed chefs Dell Valdez, Brady Ishiwata Williams...

    Simple Flying•10/16/26•Neutral

    Alaska Air's proposed joint ventures raise unique antitrust questions

    Alaska Air Group is seeking regulatory approval to join the Oneworld transatlantic and transpacific joint ventures...

    Travel Weekly•10/16/26•Neutral

    Travelers Stock Pivots Higher After Strong Q3 Results

    Travelers Companies Inc (NYSE:TRV) stock rose after reporting better-than-expected third-quarter earnings and record investment income. Despite initial dips, the stock recovered and is nearing its July record high...

    Schaeffer's Investment Research•10/16/26•Neutral

    LUV Valuation and Fair Value

    P/E
    18.9x
    Forward P/E
    8.3x
    EV/EBITDA
    8.1x
    P/FCF
    -42.1x
    PEG
    0.2x
    P/B
    2.7x
    See GNG's fair value

    LUV Profitability: Margins, ROIC and FCF

    Gross margin
    30.9%
    Operating margin
    3.4%
    Net margin
    2.8%
    ROIC
    6.6%
    ROE
    11.1%
    FCF margin
    -1.5%
    FCF yield
    -2.4%

    LUV Competitors

    CompanyTicker
    JB Hunt Transport Services IncJBHT
    Woodward IncWWD
    XPO Logistics IncXPO
    CNH Industrial N.V.CNH
    Global Payments IncGPN
    Snap-On IncSNA
    nVent Electric PLCNVT
    Equifax IncEFX

    Sector: Industrials

    LUV Analyst Ratings

    Consensus
    Hold
    Analysts
    25
    Strong Buy
    4
    Buy
    7
    Hold
    11
    Sell
    1
    Strong Sell
    2

    LUV Bull Case vs Bear Case

    Bull case

    • LUV beat EPS estimates in 75.0% of its last 8 reported quarters.
    • LUV grew quarterly revenue 16.4% year over year.

    LUV Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    95.7%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.57
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 5 down

    LUV Dividend

    Forward yield
    1.8%
    Payout ratio
    42.1%
    Pay months
    Jan, Apr, Jul, Sep
    LUV dividend history

    Frequently Asked Questions About LUV

    What is LUV's current dividend yield?

    Southwest Airlines Company (LUV) has a forward dividend yield of 1.83%.

    Does LUV pay dividends?

    Yes, Southwest Airlines Company pays dividends with a forward dividend yield of 1.83%.

    What is LUV's P/E ratio?

    Southwest Airlines Company has a price-to-earnings (P/E) ratio of 18.92.

    What is LUV's market cap?

    Southwest Airlines Company (LUV) has a market capitalization of $19.97B with a current stock price of $39.36.

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