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Southwest Airlines

LUV · NYSE · Air Transportation, Scheduled
Insider buys (12 months)
0
Insider sales (12 months)
$307K
8-K reports (12 months)
13
Tracked investors holding
2

At a glance

Southwest Airlines reported 2025 revenue of $28.06B, up 2.1% from $27.48B in 2024. Over 4 years since 2021 ($15.79B), that is growth of about 15.5% a year. Operating margin was 1.5%, down from 10.9% in 2021. 2025 was the highest revenue year in this period.

In the last 12 months 2 insiders reported 0 open-market purchases and 2 sales ($307K). None of the sales were flagged as 10b5-1 plan trades. The largest was a sale of $302K by EVP Operations Justin Jones on Dec 8, 2025.

Southwest Airlines filed 13 current reports (Form 8-K) in the last 12 months, most often for results of operations (4), material agreement (4), new financial obligation (4) and officer or director change (3). The latest officer or director change was reported on Aug 10, 2026. It reported a material agreement or a completed acquisition or disposal 4 times.

2 of the 20 investors tracked here held Southwest Airlines at the last quarter end, worth $1.3B combined. It is the largest weight for Elliott Investment Management (8.7% of its portfolio), followed by Bridgewater Associates (0.2%). Added: Bridgewater Associates. Reduced: Elliott Investment Management.

Annual results

2021
Revenue $15.79B
Op. $1.72B
2022
Revenue $23.81B
Op. $1.02B
2023
Revenue $26.09B
Op. $224M
2024
Revenue $27.48B
Op. $321M
2025
Revenue $28.06B
Op. $428M
RevenueOperating income (or net income)SEC XBRL annual filings, fiscal years mapped to calendar years
Year20212022202320242025
Net income$977M$539M$465M$465M$441M
Diluted EPS$1.61$0.87$0.76$0.76$0.79
Dividend per share-$0.18$0.72$0.72$0.72

Fiscal year ends Dec 31 · incorporated in TX

Tracked investors holding (13F)

Elliott Investment ManagementReduced$1.25B · 8.7% · held 7 quarters
Bridgewater AssociatesAdded$52.6M · 0.2% · held 4 quarters

Weight is the share of each investor's portfolio, as of the quarter end.

Current reports (8-K, last 12 months)

Insider open-market trades (last 12 months)

Source: SEC EDGAR. How figures are combined