DalsnaFinance Account

Southwest Airlines $LUV

Industrials · Passenger Airlines · NYSE/NASDAQ

S&P 500 Russell 1000 Texas

Create a scorecard

$40.83

+1.49 (+3.79%)

As of Oct 15, 2026, 9:40 PM EDT

Price history

Loading chart…

Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Jul 24, 2026, the first target we tracked for LUV.

Southwest Airlines (LUV) is trading up at $40.83 (+3.79%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.

Analyst price targets on LUV

One firm's current price target on Southwest Airlines: $60 — 47% above the current $40.8. Each is tracked to its date and scored the same way a member's call is.

BMO Capital Markets $45.1 → $60 by Jul 2027 Outperform Jul 24, 2026 via Investing.com · BMO Capital Markets's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Southwest Airlines revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Southwest Airlines annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$20.4B	$21.2B	$22.0B	$22.4B	$9.05B	$15.8B	$23.8B	$26.1B	$27.5B	$28.1B
Growth (year over year)	+3.1%	+3.7%	+3.8%	+2.1%	−59.7%	+74.5%	+50.8%	+9.6%	+5.3%	+2.1%
Operating income	$3.52B	$3.41B	$3.21B	$2.96B	−$3.82B	$1.72B	$1.02B	$224.0M	$321.0M	$428.0M
Operating margin	17.2%	16.1%	14.6%	13.2%	−42.2%	10.9%	4.3%	0.9%	1.2%	1.5%
Net income	$2.18B	$3.36B	$2.46B	$2.30B	−$3.07B	$977.0M	$539.0M	$465.0M	$465.0M	$441.0M
Net margin	10.7%	15.9%	11.2%	10.3%	−34.0%	6.2%	2.3%	1.8%	1.7%	1.6%
EPS (diluted)	$3.45	$5.57	$4.29	$4.27	−$5.44	$1.61	$0.87	$0.76	$0.76	$0.79
Balance sheet
Cash and equivalents	$1.68B	$1.50B	$1.85B	$2.55B	$11.1B	$12.5B	$9.49B	$9.29B	$7.51B	$3.23B
Total assets	$23.3B	$25.1B	$26.2B	$25.9B	$34.6B	$36.3B	$35.4B	$36.5B	$33.8B	$29.1B
Total liabilities	$15.5B	$15.5B	$16.4B	$16.1B	$25.7B	$25.9B	$24.7B	$26.0B	$23.4B	$21.1B
Long-term debt	$2.82B	$3.32B	$2.77B	$1.85B	$10.1B	$10.3B	$8.05B	$7.98B	$5.07B	$4.58B
Shareholders' equity	$7.78B	$9.64B	$9.85B	$9.83B	$8.88B	$10.4B	$10.7B	$10.5B	$10.3B	$7.98B
Cash flow
Operating cash flow	$4.29B	$3.93B	$4.89B	$3.99B	−$1.13B	$2.32B	$3.79B	$3.16B	$462.0M	$1.84B
Capital expenditure	$2.04B	$2.12B	$1.92B	$1.03B	$515.0M	$505.0M	$3.92B	$3.52B	$2.05B	$2.67B
Free cash flow	$2.25B	$1.81B	$2.97B	$2.96B	−$1.64B	$1.82B	−$134.0M	−$356.0M	−$1.59B	−$831.0M
Dividends paid	$222.0M	$274.0M	$332.0M	$372.0M	$188.0M	$0	$0	$428.0M	$430.0M	$399.0M
Share buybacks	$1.75B	$1.60B	$2.00B	$2.00B	$451.0M	$0	$0	$0	$250.0M	$2.55B

RevenueNet incomeNet margin (right axis, %)

Southwest Airlines quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$6.87B	$6.93B	$6.43B	$7.24B	$6.95B	$7.44B	$7.25B	$8.43B
Growth (year over year)	+5.3%	+1.6%	+1.6%	−1.5%	+1.1%	+7.4%	+12.8%	+16.4%
Operating income	$38.0M	$278.0M	−$223.0M	$225.0M	$35.0M	$391.0M	$330.0M	$285.0M
Operating margin	0.6%	4.0%	−3.5%	3.1%	0.5%	5.3%	4.6%	3.4%
Net income	$67.0M	$262.0M	−$149.0M	$213.0M	$54.0M	$323.0M	$227.0M	$233.0M
Net margin	1.0%	3.8%	−2.3%	2.9%	0.8%	4.3%	3.1%	2.8%
EPS (diluted)	$0.11	$0.46	−$0.26	$0.39	$0.10	$0.56	$0.45	$0.47
Balance sheet
Cash and equivalents	$8.50B	$7.51B	$8.13B	$3.48B	$2.90B	$3.23B	$3.33B	$3.79B
Total assets	$34.8B	$33.8B	$33.2B	$28.7B	$28.3B	$29.1B	$29.4B	$30.1B
Total liabilities	$24.4B	$23.4B	$23.8B	$20.7B	$20.5B	$21.1B	$22.5B	$23.0B
Long-term debt	$5.08B	$5.07B	$4.09B	$4.08B	$4.08B	$4.58B	$4.54B	$3.79B
Shareholders' equity	$10.4B	$10.3B	$9.37B	$8.00B	$7.78B	$7.98B	$6.88B	$7.08B
Cash flow
Operating cash flow	$113.0M	$476.0M	$860.0M	$401.0M	$287.0M	$294.0M	$1.42B	$530.0M
Capital expenditure	$517.0M	$460.0M	$527.0M	$660.0M	$678.0M	$808.0M	$630.0M	$818.0M
Free cash flow	−$404.0M	$16.0M	$333.0M	−$259.0M	−$391.0M	−$514.0M	$788.0M	−$288.0M
Dividends paid	$216.0M	−$1.00M	$107.0M	$103.0M	$189.0M	$0	$93.0M	$88.0M
Share buybacks	$0	$250.0M	$750.0M	$1.50B	$250.0M	$50.0M	$1.25B	$0

From Southwest Airlines's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Southwest Airlines

Southwest Airlines is a low-cost airline in the United States. It is headquartered in the Love Field neighborhood of Dallas, Texas. It is the fourth-largest airline in North America when measured by passengers carried, as of 2024. With its all-Boeing 737 fleet, Southwest serves over 100 destinations in 42 states, Washington, D.C., Puerto Rico, and ten other countries and territories near the southern United States in the Gulf of Mexico and Caribbean Sea regions: Aruba, the Bahamas, Belize, the Cayman Islands, Costa Rica, Cuba, the Dominican Republic, Mexico, Jamaica, and Turks and Caicos Islands.

Source: Wikipedia — Southwest Airlines