LUV

SOUTHWEST AIRLINES CO

NYSE · Air Transportation, Scheduled · Inc. TX · CIK 0000092380

$41.34 -4.24% $21.1B

Vol

Market Cap$21.1B

Cap SizeLarge Cap

Analyst ConsensusHold (47%)

Inst. Holders10 funds

Inst. Value$3.6B

Inst. Activity2 buys / 0 sells

Insider Activity0B / 1S

Insider Net $-$4.5K

Reddit Sentiment38° Cool

SEC Reports2

Exchange NYSE·Sector Air Transportation, Scheduled·Inc. TX·CIK 0000092380·Prev Close $43.17

Recent Activity

Jun 5, 2026 short_volume

Short Volume: LUV — 57.2% short (0.9M / 1.6M)

Short: 912,202 | Exempt: 10,484 | TRF Vol: 1,595,050 | Short Ratio: 57.2% | Off-exchange volume (dar

May 7, 2026 Insider

Reynolds Christopher P. sold 4,108 shares

Director @ $0.00 ($0.00)

May 7, 2026 Insider

Hess David P sold 4,108 shares

Director @ $0.00 ($0.00)

May 7, 2026 Insider

Grissen David sold 4,108 shares

Director @ $0.00 ($0.00)

Apr 22, 2026 SEC

Southwest Airlines reported first-quarter 2026 results, delivering $0.45 EPS in line with guidance, a 12.8% revenue beat

8-K — Impact 4/10

Mar 30, 2026 SEC

Analysis based on filing metadata only — document content was unavailable

COURT-RULING — Impact 3/10

Inst.

NORGES BANK — NEW

4,162,540 shares ($172.0M)

Inst.

TWO SIGMA INVESTMENTS, LP — ADD

113,516 shares ($4.7M)

Price Targets

$45.64 +10.4% upside Buy

Current $41.34 Low $30.00 Median $45.00 High $60.00 23 analysts

$30.00 $60.00

Analyst Ratings

Hold47% buy · 30 analysts

2Strong Buy

12Buy

11Hold

5Sell

0Strong Sell

Recent Analyst Actions

Date	Firm	Action	Rating
Jun 1, 2026	Morgan Stanley	MAINTAIN	Overweight → Overweight
May 26, 2026	UBS	MAINTAIN	Buy → Buy
Apr 27, 2026	Jefferies	MAINTAIN	Hold → Hold
Apr 24, 2026	Evercore ISI Group	MAINTAIN	In-Line → In-Line
Apr 24, 2026	HSBC	UPGRADE	Reduce → Hold

Earnings Estimates

Period	EPS Est.	Range	Growth	#
Current Q	$0.47 ▲ +10.6%	$0.29 — $0.99	9% YoY	20
Next Q	$0.56 ▲ +4.8%	$0.25 — $0.95	408% YoY	19
Current FY	$2.70 ▲ +2.4%	$1.47 — $4.04	190% YoY	23
Next FY	$4.53	$3.30 — $6.10	68% YoY	22

Latest Reports

NEUTRAL 8-K 4/10

Southwest Airlines reported first-quarter 2026 results, delivering $0.45 EPS in line with guidance, a 12.8% revenue beat

Apr 22, 2026

NEUTRAL COURT-RULING 3/10

Analysis based on filing metadata only — document content was unavailable

Mar 30, 2026

Top Institutional Holders

Fund	Value	Move
VANGUARD GROUP INC	$2.5B	—
BANK OF AMERICA CORP	$286.7M	—
MORGAN STANLEY	$257.4M	TRIM
NORGES BANK	$172.0M	NEW
FMR LLC	$154.4M	TRIM

Recent Insider Trades

Date	Insider	Type	Value
May 7, 2026	Reynolds Christopher	A	$0.00
May 7, 2026	Hess David	A	$0.00
May 7, 2026	Grissen David	A	$0.00
May 7, 2026	FORNARO ROBERT	A	$0.00
May 7, 2026	Feinberg Sarah	A	$0.00

Reddit Sentiment

38°

Cool

Bearish Neutral Bullish

4 mentions 1 bullish 3 bearish

10 institutional holders with $3.6B total value (88,231,051 shares) as of 2025-Q4. Top holders: VANGUARD, BANK, MORGAN. Net buying activity: 2 institutions added/increased vs 0 reduced.

Top Institutional Holders — 2025-Q4

#	Fund	Shares	Value	% of Tracked	Last Move
1	VANGUARD GROUP INC	60,577,139	$2.5B	68.8%	—
2	BANK OF AMERICA CORP /DE/	6,935,899	$286.7M	7.9%	—
3	MORGAN STANLEY	6,228,475	$257.4M	7.1%	TRIM -41.0%
4	NORGES BANK	4,162,540	$172.0M	4.7%	NEW
5	FMR LLC	3,736,557	$154.4M	4.2%	TRIM -39.6%
6	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	3,494,789	$144.4M	4.0%	NEW
7	SOUND SHORE MANAGEMENT INC /CT/	2,520,697	$104.2M	2.9%	NEW
8	WELLS FARGO & COMPANY/MN	334,439	$13.8M	0.4%	NEAR_EXIT -81.1%
9	TWO SIGMA INVESTMENTS, LP	113,516	$4.7M	0.1%	ADD +34.7%
10	Olstein Capital Management, L.P.	127,000	$5.2K	0.0%	—

Recent Position Changes

Fund	Action	Prev Shares	Curr Shares	Change %	Value	Quarter
NORGES BANK	NEW	—	4,162,540	—	$172.0M	2025-Q4
TWO SIGMA INVESTMENTS, LP	ADD	84,300	113,516	+34.7%	$4.7M	2025-Q4
UBS Group AG	DOUBLED	12,510,749	28,539,033	+128.1%	$910.7M	2025-Q3
FMR LLC	TRIM	6,063,098	3,663,067	-39.6%	$116.9M	2025-Q3
WELLS FARGO & COMPANY/MN	NEAR_EXIT	2,189,463	414,258	-81.1%	$13.2M	2025-Q3
NORGES BANK	EXIT	1,284,308	0	-100.0%	$0.00	2025-Q3
UBS Group AG	TRIM	21,746,540	12,510,749	-42.5%	$405.8M	2025-Q2
FMR LLC	TRIM	8,092,993	6,063,098	-25.1%	$196.7M	2025-Q2
MORGAN STANLEY	TRIM	9,960,854	5,880,105	-41.0%	$190.8M	2025-Q2
WELLS FARGO & COMPANY/MN	DOUBLED	584,117	2,189,463	+274.8%	$71.0M	2025-Q2
NORGES BANK	NEW	—	1,284,308	—	$41.7M	2025-Q2
RENAISSANCE TECHNOLOGIES LLC	EXIT	1,894,180	0	-100.0%	$0.00	2025-Q2
Elliott Investment Management L.P.	EXIT	53,978,500	0	-100.0%	$0.00	2025-Q2
UBS Group AG	DOUBLED	6,527,828	21,746,540	+233.1%	$730.2M	2025-Q1
MORGAN STANLEY	ADD	6,620,102	9,960,854	+50.5%	$334.5M	2025-Q1
CITADEL ADVISORS LLC	ADD	4,115,492	8,159,147	+98.3%	$274.0M	2025-Q1
RENAISSANCE TECHNOLOGIES LLC	DOUBLED	219,380	1,894,180	+763.4%	$63.6M	2025-Q1
TWO SIGMA INVESTMENTS, LP	DOUBLED	32,300	77,639	+140.4%	$2.6M	2025-Q1
NORGES BANK	EXIT	1,716,952	0	-100.0%	$0.00	2025-Q1
UBS Group AG	DOUBLED	2,303,272	6,527,828	+183.4%	$219.5M	2024-Q4
CITADEL ADVISORS LLC	TRIM	6,635,290	4,115,492	-38.0%	$138.4M	2024-Q4
SOUND SHORE MANAGEMENT INC /CT/	NEW	—	2,536,050	—	$85.3M	2024-Q4
NORGES BANK	ADD	981,878	1,716,952	+74.9%	$57.7M	2024-Q4
RENAISSANCE TECHNOLOGIES LLC	ADD	110,780	219,380	+98.0%	$7.4M	2024-Q4
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	NEW	—	3,377,660	—	$100.1M	2024-Q3

16 unique insiders with 1 transactions. Net insider value: -$4.5K ($0.00 bought, $4.5K sold).

Insider Transactions

Date	Insider	Title	Type	Shares	Price	Value
May 7, 2026	Reynolds Christopher P.	Director	A	4,108	$0.00	$0.00
May 7, 2026	Hess David P	Director	A	4,108	$0.00	$0.00
May 7, 2026	Grissen David	Director	A	4,108	$0.00	$0.00
May 7, 2026	FORNARO ROBERT L	Director	A	4,108	$0.00	$0.00
May 7, 2026	Feinberg Sarah	Director	A	4,108	$0.00	$0.00
May 7, 2026	Breber Pierre R	Director	A	4,108	$0.00	$0.00
May 7, 2026	BROOKS DOUGLAS H	Director	A	4,108	$0.00	$0.00
May 7, 2026	Atherton Lisa M	Director	A	4,108	$0.00	$0.00
May 7, 2026	Watson Patricia A	Director	A	4,108	$0.00	$0.00
Apr 7, 2026	Atherton Lisa M	Director	SELL	118	$37.95	$4.5K
Mar 21, 2026	Doxey Tom	EVP, Chief Financial Officer	F	11,447	$39.41	$451.1K
Mar 21, 2026	Roach Anthony	EVP Customer & Brand	F	2,179	$39.41	$85.9K
Mar 16, 2026	Doxey Tom	EVP, Chief Financial Officer	A	28,199	$0.00	$0.00
Mar 16, 2026	Woods Lauren Tauscher	EVP & CIO	A	18,950	$0.00	$0.00
Mar 16, 2026	Watterson Andrew M	Chief Operating Officer	A	35,092	$0.00	$0.00
Mar 16, 2026	Martinez Jimmy Ryan	Principal Accounting Officer	A	7,294	$0.00	$0.00
Mar 16, 2026	Jordan Robert E	CEO & President	A	92,867	$0.00	$0.00
Mar 16, 2026	Jones Justin	EVP Operations	A	23,863	$0.00	$0.00
Mar 16, 2026	Roach Anthony	EVP Customer & Brand	A	22,058	$0.00	$0.00
Feb 21, 2026	Watterson Andrew M	Chief Operating Officer	F	17,942	$52.09	$934.6K
Feb 21, 2026	Woods Lauren Tauscher	EVP & CIO	F	4,585	$52.09	$238.8K
Feb 21, 2026	Jones Justin	EVP Operations	F	8,507	$52.09	$443.1K
Feb 21, 2026	Jordan Robert E	CEO & President	F	38,742	$52.09	$2.0M
Feb 21, 2026	Martinez Jimmy Ryan	Principal Accounting Officer	F	2,755	$52.09	$143.5K
Feb 21, 2026	Roach Anthony	EVP Customer & Brand	F	3,658	$52.09	$190.5K
Dec 2, 2025	BROOKS DOUGLAS H	Director	G	1,836	$0.00	$0.00

2 SEC filing reports analyzed. Sentiment: 0 bullish, 0 bearish, 0 mixed, 2 neutral. Avg impact: 3.5/10.

NEUTRAL 8-K 4/10

Southwest Airlines reported first-quarter 2026 results, delivering $0.45 EPS in line with guidance,

Apr 22, 2026

NEUTRAL COURT-RULING 3/10

Analysis based on filing metadata only — document content was unavailable

Mar 30, 2026

∅

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Hold (47% buy). Based on 30 analysts: 2 strong buy, 12 buy, 11 hold, 5 sell, 0 strong sell.

Analyst Price Targets

$45.64 mean target +10.4% upside Buy (2.56)

$30.00 Low $60.00 High

Metric	Value
Current Price	$41.34
Target Low	$30.00
Target Mean	$45.64
Target Median	$45.00
Target High	$60.00
# Analysts	23
Recommendation	Buy (2.56)

Earnings Estimates & Revisions

Period	EPS Avg	EPS Low	EPS High	EPS Growth	30d Rev.	Up/Down	Rev. Avg	Rev. Growth	Analysts
Current Q 2026-06-30	$0.47	$0.29	$0.99	9.0%	+10.6%	3↑ 1↓	$8.6B	18.2%	20
Next Q 2026-09-30	$0.56	$0.25	$0.95	408.1%	+4.8%	3↑ 1↓	$8.2B	18.5%	19
Current FY 2026-12-31	$2.70	$1.47	$4.04	190.1%	+2.4%	3↑ 1↓	$32.7B	16.6%	23
Next FY 2027-12-31	$4.53	$3.30	$6.10	67.9%	+0.0%	2↑ 4↓	$33.7B	3.0%	22

Current Quarter EPS Revision History

Timepoint	EPS Estimate	Change
Current	$0.469
7d ago	$0.437	+0.032
30d ago	$0.424	+0.045
60d ago	$0.870	-0.401
90d ago	$1.490	-1.021

16 analyst firms have rated this stock: 6 upgrades, 0 downgrades, 1 initiations.

Individual Analyst Actions

Date	Analyst Firm	Action	Previous Rating	New Rating
Jun 1, 2026	Morgan Stanley	MAINTAIN	Overweight	Overweight
May 26, 2026	UBS	MAINTAIN	Buy	Buy
Apr 27, 2026	Jefferies	MAINTAIN	Hold	Hold
Apr 24, 2026	Evercore ISI Group	MAINTAIN	In-Line	In-Line
Apr 24, 2026	HSBC	UPGRADE	Reduce	Hold
Mar 26, 2026	Freedom Broker	MAINTAIN	Buy	Buy
Mar 23, 2026	UBS	MAINTAIN	Buy	Buy
Mar 20, 2026	Citigroup	MAINTAIN	Neutral	Neutral
Mar 16, 2026	UBS	MAINTAIN	Buy	Buy
Mar 16, 2026	Wells Fargo	MAINTAIN	Equal-Weight	Equal-Weight
Mar 12, 2026	Jefferies	MAINTAIN	Hold	Hold
Mar 12, 2026	Evercore ISI Group	MAINTAIN	In-Line	In-Line
Mar 9, 2026	TD Cowen	MAINTAIN	Buy	Buy
Mar 5, 2026	Rothschild & Co	MAINTAIN	Sell	Sell
Feb 27, 2026	TD Cowen	UPGRADE	Hold	Buy
Feb 17, 2026	UBS	UPGRADE	Neutral	Buy
Feb 3, 2026	Susquehanna	MAINTAIN	Neutral	Neutral
Feb 2, 2026	UBS	MAINTAIN	Neutral	Neutral
Feb 2, 2026	Jefferies	MAINTAIN	Hold	Hold
Jan 30, 2026	TD Cowen	MAINTAIN	Hold	Hold
Jan 30, 2026	Goldman Sachs	MAINTAIN	Sell	Sell
Jan 30, 2026	Wells Fargo	MAINTAIN	Equal-Weight	Equal-Weight
Jan 30, 2026	Morgan Stanley	MAINTAIN	Overweight	Overweight
Jan 30, 2026	B of A Securities	MAINTAIN	Underperform	Underperform
Jan 30, 2026	BMO Capital	UPGRADE	Market Perform	Outperform
Jan 30, 2026	Freedom Broker	MAINTAIN	Buy	Buy
Jan 29, 2026	Evercore ISI Group	MAINTAIN	In-Line	In-Line
Jan 26, 2026	Jefferies	MAINTAIN	Hold	Hold
Jan 13, 2026	Goldman Sachs	MAINTAIN	Sell	Sell
Jan 9, 2026	Susquehanna	MAINTAIN	Neutral	Neutral
Jan 9, 2026	JP Morgan	UPGRADE	Underweight	Overweight
Jan 7, 2026	Citigroup	MAINTAIN	Neutral	Neutral
Jan 6, 2026	UBS	MAINTAIN	Neutral	Neutral
Jan 6, 2026	B of A Securities	MAINTAIN	Underperform	Underperform
Dec 18, 2025	Wells Fargo	INITIATE	—	Equal-Weight
Dec 16, 2025	Barclays	UPGRADE	Equal-Weight	Overweight

Monthly Consensus History

Period	Strong Buy	Buy	Hold	Sell	Buy %
Jun 1, 2026	2	12	11	5	47%
May 1, 2026	2	12	11	5	47%
Apr 1, 2026	2	12	11	5	47%
Mar 1, 2026	2	12	11	5	47%
Feb 1, 2026	2	10	13	5	40%
Jan 1, 2026	2	8	14	6	33%

Strong BuyBuyHoldSellStrong Sell

∅

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

38°

Cool

Bearish Neutral Bullish

4 mentions 1 bullish 3 bearish 4 time periods

Reddit Sentiment History

Date	Mentions	Sentiment	Bullish	Bearish	Threads
Mar 28, 2026	1	40° Cool	0	1	1
Mar 28, 2026	1	40° Cool	0	1	1
Feb 26, 2026	1	60° Warm	1	0	1
Feb 25, 2026	1	40° Cool	0	1	1

Recent Reddit Threads

r/wallstreetbets Bullish 3mo ago

Puts on Southwest Airlines ($LUV)

▲ 4 💬 6 ⚡ 0.2

r/wallstreetbets Bearish 3mo ago

Southwest ($LUV) ruined their model and is going down

▲ 1 💬 1 ⚡ 0.0

Jun 5, 2026

short_volume

Short Volume: LUV — 57.2% short (0.9M / 1.6M)

Short: 912,202 | Exempt: 10,484 | TRF Vol: 1,595,050 | Short Ratio: 57.2% | Off-exchange volume (dark pool + OTC)

Jun 4, 2026

short_volume

Short Volume: LUV — 55.2% short (1.1M / 2.0M)

Short: 1,130,697 | Exempt: 6,146 | TRF Vol: 2,047,886 | Short Ratio: 55.2% | Off-exchange volume (dark pool + OTC)

Jun 2, 2026

short_volume

Short Volume: LUV — 60.9% short (1.0M / 1.6M)

Short: 981,634 | Exempt: 439 | TRF Vol: 1,611,914 | Short Ratio: 60.9% | Off-exchange volume (dark pool + OTC)

May 29, 2026

short_volume

Short Volume: LUV — 61.9% short (1.2M / 1.9M)

Short: 1,181,863 | Exempt: 283 | TRF Vol: 1,907,989 | Short Ratio: 61.9% | Off-exchange volume (dark pool + OTC)

May 28, 2026

short_volume

Short Volume: LUV — 61.9% short (2.1M / 3.4M)

Short: 2,131,398 | Exempt: 129 | TRF Vol: 3,442,552 | Short Ratio: 61.9% | Off-exchange volume (dark pool + OTC)

May 27, 2026

short_volume

Short Volume: LUV — 57.0% short (1.9M / 3.4M)

Short: 1,909,454 | Exempt: 6,492 | TRF Vol: 3,352,729 | Short Ratio: 57.0% | Off-exchange volume (dark pool + OTC)

May 26, 2026

short_volume

Short Volume: LUV — 56.2% short (1.6M / 2.8M)

Short: 1,585,997 | Exempt: 5,585 | TRF Vol: 2,820,759 | Short Ratio: 56.2% | Off-exchange volume (dark pool + OTC)

May 21, 2026

short_volume

Short Volume: LUV — 66.5% short (2.1M / 3.2M)

Short: 2,104,162 | Exempt: 2,275 | TRF Vol: 3,165,575 | Short Ratio: 66.5% | Off-exchange volume (dark pool + OTC)

May 20, 2026

short_volume

Short Volume: LUV — 60.3% short (2.1M / 3.5M)

Short: 2,112,479 | Exempt: 8,531 | TRF Vol: 3,504,453 | Short Ratio: 60.3% | Off-exchange volume (dark pool + OTC)

May 19, 2026

short_volume

Short Volume: LUV — 71.2% short (1.5M / 2.1M)

Short: 1,466,444 | Exempt: 6 | TRF Vol: 2,058,193 | Short Ratio: 71.2% | Off-exchange volume (dark pool + OTC)

May 18, 2026

dark_pool

Dark Pool: LUV — 9.3M shares, 120,864 trades

Week starting 2026-05-18. Total ATS volume: 9,338,705 shares across 120,864 trades.

May 14, 2026

short_volume

Short Volume: LUV — 68.6% short (1.2M / 1.7M)

Short: 1,169,666 | Exempt: 939 | TRF Vol: 1,705,124 | Short Ratio: 68.6% | Off-exchange volume (dark pool + OTC)

May 13, 2026

short_volume

Short Volume: LUV — 65.4% short (1.4M / 2.2M)

Short: 1,420,978 | Exempt: 1,608 | TRF Vol: 2,172,555 | Short Ratio: 65.4% | Off-exchange volume (dark pool + OTC)

May 12, 2026

short_volume

Short Volume: LUV — 56.5% short (1.0M / 1.8M)

Short: 1,036,332 | Exempt: 163 | TRF Vol: 1,832,728 | Short Ratio: 56.5% | Off-exchange volume (dark pool + OTC)

May 11, 2026

short_volume

Short Volume: LUV — 64.7% short (1.3M / 2.0M)

Short: 1,307,455 | Exempt: 10,459 | TRF Vol: 2,021,716 | Short Ratio: 64.7% | Off-exchange volume (dark pool + OTC)

Mar 30, 2026

Enforcement

3:22-cv-00868 Refuerzo v. Southwest Airlines Co.

Court ruling from United States District Court for the Northern District of California. Docket: N/A