Southwest Airlines (LUV)
Industrials · Passenger airline
Southwest Airlines operates a fleet of 803 Boeing 737 aircraft, serving 117 U.S. and near-international destinations with point-to-point and hub-focused network operations.
What Southwest Airlines does
Southwest Airlines Co. operates a major U.S. passenger airline providing scheduled air transportation within the United States and to near-international markets in Mexico, Jamaica, the Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. As of December 31, 2025, the Company operated 803 Boeing 737 aircraft serving 117 destinations in 42 states, Washington D.C., and Puerto Rico. Southwest generates revenue from passenger fares, freight services, and ancillary products, and is undergoing modernization initiatives including assigned seating, redesigned boarding, international partnerships, vacation packages, and 24-hour redeye operations to enhance customer experience and improve financial performance.
Themes: ["U.S. domestic air travel","Low-cost carrier operations","Airline modernization and customer experience","Network expansion and international markets","Aircraft fleet management","Travel and leisure"]
Fundamentals
- Price$49.22 as of 2026-07-09 close
- Market cap$24.3B as of 2026-07-10
- 1-year return+42.5% as of 2026-07-09 close
- P/E29.70 as of 2026-07-10
- Net margin+2.8% as of 2026-07-10
- Gross margin+73.8% as of 2026-07-10
- ROE+10.7% as of 2026-07-10
- Debt / equity0.78 as of 2026-07-10
- Revenue growth (YoY)+4.7% as of 2026-07-10
- Revenue CAGR (3y)+5.6% SEC XBRL
- Beta1.14 as of 2026-07-10
Dividend: yield +1.5%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Exposure to fuel price volatility and hedging risks, with aircraft fuel and related taxes representing a significant operating expense ($1,356M in Q1 2026)","Dependence on a single aircraft type (Boeing 737) across entire fleet of 803 aircraft, limiting operational flexibility and concentrating manufacturer-related risks","Sensitivity to macroeconomic conditions affecting domestic leisure and business travel demand, with net margin of 2.83% indicating limited pricing power"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.