Southwest Airlines (LUV)

• Market cap: $16B
• 1 day: 2.57%
• 5 days: 13.43%
• 1 month: -16.74%
• 3 months: -10.56%
• 6 months: -11.15%
• Year to date: -16.21%
• 1 year: 7.79%
• 5 years: -10.53%
• 10 years: -31.07%
• Sector: Industrials
• Industry: Airlines

About: Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates nearly 800 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights operated in a single, open-seating cabin configuration in a point-to-point network. In late 2025, Southwest will modify its cabins to offer some seats with extra legroom and will update its ticketing process and merchandising to offer assigned seats and more fare categories including a basic economy class that will more directly compete with other airlines' offerings.

Employees: 72,450

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

49% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 90

15% more capital invested

Capital invested by funds: $16B [Q3] → $18.5B (+$2.44B) [Q4]

11% more funds holding in top 10

Funds holding in top 10: 9 [Q3] → 10 (+1) [Q4]

4% more funds holding

Funds holding: 781 [Q3] → 812 (+31) [Q4]

1.77% more ownership

Funds ownership: 89.99% [Q3] → 91.77% (+1.77%) [Q4]

15% less repeat investments, than reductions

Existing positions increased: 237 | Existing positions reduced: 280

31% less call options, than puts

Call options by funds: $371M | Put options by funds: $541M

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $23 18% downside
• Avg. target: $29 5% upside
• High target: $40 43% upside

7 analyst ratings

• positive: 1 14%
• neutral: 4 57%
• negative: 2 29%

Raymond James Savanthi Syth 14% 1-year accuracy 3 / 21 met price target	43% upside $40	Outperform Reiterated	29 Apr 2025
Barclays Brandon Oglenski 30% 1-year accuracy 24 / 79 met price target	7% downside $26	Equal-Weight Maintained	24 Apr 2025
Citigroup Stephen Trent 32% 1-year accuracy 6 / 19 met price target	18% downside $23	Sell Maintained	14 Apr 2025
UBS Thomas Wadewitz 20% 1-year accuracy 8 / 40 met price target	3% downside $27	Neutral Maintained	7 Apr 2025
Susquehanna Christopher Stathoulopoulos 56% 1-year accuracy 10 / 18 met price target	11% downside $25	Neutral Maintained	7 Apr 2025