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Southwest Airlines Co. (LUV) Stock: Price, Forecast & Analyst Target

Southwest Airlines Co. (LUV) — MoonshotScore 75/100 (Strong band), calculated Oct 5, 2026. Price $42.47 (+1.51%), as of the Oct 2, 2026 trading session; market cap $20.8B. Expected results Oct 21, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 5.49× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Oct 21, 2026

$42.47 +$0.63 (+1.51%) Market Cap $20.8B

Southwest Airlines Co. · LUV · NYSE · Industrials · Airlines, Airports & Air Services

Research dated 2026-09-12: Southwest Airlines sells scheduled passenger travel centered on the domestic market, supported by loyalty, business-booking and optional travel services. Its prospects depend on whether stronger revenue per unit can outrun rising unit costs while restrained capacity leaves little help from added volume. Recent profitability has improved, but thin operating margins and uneven cash conversion keep the burden on execution.

Price as of Oct 2, 2026

Key Statistics

75 of 100

MoonshotScore v2 · Southwest Airlines Co. (LUV)

Strong
Business Quality Solid (76)
Financial Safety Okay (50)
Valuation Fair (65)
Growth Durability Compounding (92)
Momentum Rising (64)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

High quality and elite growth, though the balance sheet is only middling. Business Quality: Solid; Financial Safety: Okay; Valuation: Fair; Growth Durability: Compounding; Momentum: Rising.

  • quarterly revenue $8.43B (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 6 of 8
  • expected results Oct 21, 2026

Helping: business quality, durable growth

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for LUV (30 recorded, newest six shown)
RecordedScoreBand
75Strong
75Strong
75Strong
75Strong
75Strong
75Strong

The score was 75 in the stored Oct 4, 2026 snapshot and remains 75 in the current publication computed Oct 5, 2026 (0); the largest pillar moves were Growth Durability -1 and Momentum +1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$42.47
Change on the day+1.51%
52-week range$29.26 – $55.11
Market capitalisation$20.8B
Price / earnings (trailing)25.58
Shares traded on the day6.17M
Beta (volatility vs the S&P 500)1.12
Dividends per share (last 12 months)$0.72
Dividend yield (last 12 months)1.70%

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $30, high $54, latest $42. 4 reported quarters marked, 3 above and 1 below the recorded estimate. 1 other dated event marked. $54 $30 high $54 Oct 22, 2025 · Earnings results · reported above the recorded estimate · close $321Jan 28, 2026 · Earnings results · reported above the recorded estimate · close $482Apr 22, 2026 · Earnings results · reported below the recorded estimate · close $393Jul 22, 2026 · Earnings results · reported above the recorded estimate · close $454Jul 23, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $455 Sep 5, 2025 Oct 2, 2026 · $42 $31Sep 5, 2025$33Sep 19, 2025$33Oct 3, 2025$34Oct 17, 2025$30Oct 31, 2025$33Nov 14, 2025$35Nov 28, 2025$41Dec 12, 2025$41Dec 26, 2025$45Jan 9, 2026$42Jan 23, 2026$54Feb 6, 2026$52Feb 20, 2026$42Mar 6, 2026$39Mar 20, 2026$38Apr 2, 2026$43Apr 17, 2026$39May 1, 2026$39May 15, 2026$43May 29, 2026$45Jun 12, 2026$52Jun 26, 2026$48Jul 10, 2026$45Jul 24, 2026$47Aug 7, 2026$40Aug 21, 2026$40Sep 4, 2026$41Sep 18, 2026$42Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · below the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • Looking ahead, we expect third quarter unit revenue growth of 17.5% to 19.5% year over year with a strong exit rate from Q2.

    Justin Jones · Statement from

  • For full-year 2026, we now expect adjusted earnings per share of $3.25 to $4.25.

    Robert E. Jordan · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Council Score · weighted blend of 2 available disciplines

Council score for Southwest Airlines Co. (LUV): Bullish Lean

64/100 · B+

Some lenses disagree with the MoonshotScore. Compare their readings below; each uses a different method.

5-Factor Breakdown

Growth Durability Strong
Momentum Moderate
Business Quality Moderate
Financial Safety Neutral
Valuation Moderate

Legends Council

6 lenses, 6 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Simons-style lens (simulated) Jim Simons Favorable read
Englander-style lens (simulated) Izzy Englander Neutral read
Klarman-style lens (simulated) Seth Klarman Unfavorable read
Moon AI lens (model) Neutral read

Read on: Oct 5, 2026

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Weak
Margin of Safety Undervalued
Profit Margin Weak
Revenue Growth Weak
Debt/Equity Weak
ROE Neutral
Gross Margin Weak

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

One of these lenses reads this company less favourably than the MoonshotScore does: Klarman-style lens. Each lens is a separate scoring function over its own inputs, so a disagreement is a difference of method rather than a correction — the page's answer stays the MoonshotScore above.

On Sep 10, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.

Readings on this page are from Oct 6, 2026, except a card that shows its own read date.

Watch the LUV film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Southwest Airlines Co. (LUV), and what does it report?

Short answer · as of

Southwest is a passenger airline rather than a diversified transportation group.

Research dated 2026-09-12.

Southwest is a passenger airline rather than a diversified transportation group. Fares generate the overwhelming share of revenue; cargo is minor, while other products and services add a smaller stream around the trip through offerings such as preferred boarding, pet transport, internet access, Rapid Rewards and the SWABIZ business-booking channel.

The reported numbers therefore measure passenger demand and pricing against the cost of operating the network. Revenue has continued to expand annually, yet net income has not kept pace, leaving the business profitable on a narrow margin.

Sources (as of 2026-09-12): Business description; Revenue by segment; Annual revenue and net result (USD millions); Trailing twelve-month ratio set

2 · Latest results

What do the latest results show for Southwest Airlines Co. (LUV)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $8.43B.

Research dated 2026-09-12.

The latest reported period produced stronger revenue and profit than the comparable period, with operating income remaining positive. Reported earnings per share cleared consensus by a wide margin even though revenue missed the market estimate, suggesting the earnings outcome was better than the sales result alone implied.

Management expects pronounced unit-revenue growth while keeping capacity roughly level and absorbing higher unit costs excluding fuel. That outlook relies on extracting more revenue from available capacity, not simply flying more, and the benefit must survive the accompanying cost pressure.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts; Trailing twelve-month ratio set

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$8.43B Jun 30, 2026
Latest quarter · SG&A
$0.00 Jun 30, 2026
Latest quarter · FMP standardized operating result
$285.00M Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$8.43BNot available$0.00$285.00M
Mar 31, 2026$7.25BNot available$0.00$330.00M
Dec 31, 2025$7.44BNot available$1.12B$391.00M
Sep 30, 2025$6.95BNot available$1.12B$35.00M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$8.43B Jul 22, 2026
Latest report · revenue estimate
$8.58B Jul 22, 2026
Latest report · revenue vs estimate
Below estimate Jul 22, 2026
Latest report · EPS vs estimate
Above estimate Jul 22, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Jul 22, 2026$8.43B$8.58B$0.9400$0.5100
Apr 22, 2026$7.25B$7.27B$0.4500$0.4732
Jan 28, 2026$7.44B$7.50B$0.5800$0.5680
Oct 22, 2025$6.95B$6.92B$0.1100−$0.0368

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$8.43B$233M$0.47 (diluted)
Q1 FY2026$7.25B$227M$0.45 (diluted)
Q4 FY2025$7.44B$323M$0.61 (diluted)
Q3 FY2025$6.95B$54M$0.10 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Southwest Airlines Co. (LUV)?

Short answer

Cash and short-term investments were $3.79B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $364.00M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Southwest retains substantial cash and investments, and a cash-runway cross-check indicates a long buffer at the recent combined operating and capital-spending pace. The balance sheet is nevertheless in a net-debt position, with debt above cash and reported short-term liquidity ratios below parity.

Cash generation is the sharper risk. Operating cash flow has been positive but volatile, capital spending exceeded it in the latest period, and cash remains far below its earlier level despite a recent recovery. The quality screen is favorable, while the distress screen offers a less reassuring counterweight; sustained fare weakness or cost escalation would quickly matter because operating margins are already thin.

Sources (as of 2026-09-12): Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash decline over the reported window; Cash runway cross-check (ours); Cash against market value; Operating cash flow by quarter (USD millions); Trailing twelve-month ratio set; Distress and quality screens

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$364.00M Jun 30, 2026
Previous quarter · operating cash flow
$1.42B Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026$364.00M−$818.00M
Mar 31, 2026$1.42B−$630.00M
Dec 31, 2025$295.00M−$859.00M
Sep 30, 2025$287.00M−$678.00M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Southwest Airlines Co. (LUV)?

Short answer · as of

The next earnings report is expected on Oct 21, 2026.

Research dated 2026-09-12.

Watch unit revenue against capacity and unit costs. Management is calling for strong unit-revenue improvement with restrained capacity, so confirmation requires sales productivity to rise without the cost increase consuming the gain.

Cash conversion deserves equal attention: operating cash flow needs to cover aircraft and other capital spending more consistently, while the recent cash recovery should continue rather than reverse. Longer-range consensus assumes sustained gains in revenue and earnings, making durable margin expansion the practical test of that trajectory.

Recent filings also record borrowing-related agreements and changes among senior officers. Later disclosures should clarify how those developments affect financing flexibility and execution.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Next earnings report; Analyst revenue and earnings estimates (average); Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Recent SEC filings; Named officers

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. Looking ahead, we expect third quarter unit revenue growth of 17.5% to 19.5% year over year with a strong exit rate from Q2.

    Justin Jones ·

  2. For full-year 2026, we now expect adjusted earnings per share of $3.25 to $4.25.

    Robert E. Jordan ·

  3. Looking ahead, we expect third quarter CASM ex to increase 3.5% to 4.0% year-over-year on capacity of flat to down 1%.

    Tom Doxey ·

  4. You can kind of see what we have out in the first quarter out there, and we will probably make some adjustments from that, but we are not ready to talk about what the full year capacity looks like.

    Justin Jones ·

5 · Peer comparison

How does Southwest Airlines Co. compare with its peers?

Short answer

Southwest Airlines Co.'s score ranks 5th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

Southwest differs from a diversified carrier whose freight, international or premium businesses can cushion domestic passenger weakness. Its revenue is concentrated in passenger travel across the United States and nearby international markets, with cargo contributing little and ancillary products remaining subordinate to the fare.

The operating proposition is correspondingly focused: a consistent Boeing fleet, a spend-linked Rapid Rewards program and a dedicated business-booking channel support the same passenger network. That concentration can simplify the commercial story, but it also leaves results closely tied to passenger pricing, traffic and network costs.

Sources (as of 2026-09-12): Business description; Revenue by segment; Annual revenue and net result (USD millions); Management outlook — dated call excerpts

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Same industry, near in market value$94.19 Oct 2, 2026$4.55B90 5-pillar Oct 5, 2026
Copa Holdings, S.A. (CPA) Same industry, near in market value$132.48 Oct 2, 2026$5.46B82 5-pillar Oct 5, 2026
ZTO Express (Cayman) Inc. (ZTO) Named competitor$19.50 Oct 2, 2026$15.4B81 5-pillar Oct 5, 2026
Ryanair Holdings plc (RYAAY) Same industry, near in market value$55.05 Oct 2, 2026$28.6B78 5-pillar Oct 5, 2026
Southwest Airlines Co. (LUV) — this page$42.47$20.8B75
LATAM Airlines Group S.A. (LTM) Same industry, near in market value$47.92 Oct 2, 2026$13.8B73 5-pillar Oct 5, 2026
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) Same industry, near in market value$234.41 Oct 2, 2026$7.03B73 5-pillar Oct 5, 2026
Delta Air Lines, Inc. (DAL) Same industry, near in market value$84.09 Oct 2, 2026$55.3B72 5-pillar Oct 5, 2026
United Airlines Holdings, Inc. (UAL) Same industry, near in market value$112.51 Oct 2, 2026$36.5B71 5-pillar Oct 5, 2026
J.B. Hunt Transport Services, Inc. (JBHT) Named competitor$234.20 Oct 2, 2026$22.0B70 5-pillar Oct 5, 2026
Woodward, Inc. (WWD) Named competitor$331.62 Oct 2, 2026$19.8B70 5-pillar Oct 5, 2026
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Same industry, near in market value$200.90 Oct 2, 2026$10.4B70 5-pillar Oct 5, 2026
MasTec, Inc. (MTZ) Named competitor$215.93 Oct 2, 2026$17.3B56 5-pillar Oct 5, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Industrials stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$36.10 – $65.00
Consensus target
$49.51
Median target
$49.50

Consensus record · Captured .

Measured against a quoted price of $42.47 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 15, 2026

Transactions
19
Identified insiders
18
Purchases
0
Sales
0
Other transactions
19

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
92.6% Period end Jun 30, 2026
Previous quarter · ownership
87.4% Prior to period end Jun 30, 2026
Reporting holders
988 Period end Jun 30, 2026
Previous quarter · holders
928 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Primecap Management Co/Ca/48,797,725
Franklin Resources INC46,578,090
Vanguard Capital Management LLC31,614,180
Blackrock, INC.29,917,962
State Street Corp29,326,975

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Southwest Airlines Co. (LUV)?

Read these with our analysis →

What Investors Ask About Southwest Airlines Co. (LUV) — Industrials

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

How do Rapid Rewards and SWABIZ fit Southwest’s passenger model?

Rapid Rewards ties loyalty points to spending on base fares, while SWABIZ gives business customers a dedicated booking channel. Each supports demand for the core passenger network rather than creating a separate operating segment.

Sources (as of 2026-09-12): Business description; Revenue by segment

Is cargo a meaningful counterweight to Southwest passenger demand?

Passenger fares dominate Southwest’s revenue, while cargo and freight contribute only a small stream. Weakness in passenger economics therefore cannot be readily offset by freight activity.

Sources (as of 2026-09-12): Revenue by segment; Business description

Can Southwest fund aircraft investment from operating cash flow?

Operating cash flow has remained positive but has not covered capital spending consistently, including in the latest reported period. The cash reserve provides flexibility, though debt exceeds cash and the longer cash history shows substantial depletion.

Sources (as of 2026-09-12): Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and short-term investments over time (USD millions); Cash against market value

Does Southwest maintain its dividend while capital spending stays elevated?

The recurring distribution has remained unchanged across recent payments. Because capital spending has recently exceeded operating cash flow, dividend continuity sits alongside aircraft investment and balance-sheet liquidity in the capital-allocation trade-off.

Sources (as of 2026-09-12): Recent dividends paid; Next scheduled dividend; Operating cash flow by quarter (USD millions); Cash, investments and debt

What is the LUV stock price today?

The last price recorded on this page for Southwest Airlines Co. (LUV) is $42.47, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the LUV price target?

The analyst consensus price target for Southwest Airlines Co. (LUV) is $49.51 (range $36.10 to $65.00, median $49.50), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

When are LUV's next earnings?

The next earnings date listed on this page for Southwest Airlines Co. (LUV) is Oct 21, 2026. Companies sometimes move report dates, so the company's own announcement is the final word on timing.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Legal name; Business description; Revenue by segment; Quarterly income statement (USD thousands); Trailing twelve-month ratio set; Management outlook — dated call excerpts

Sources — records for every figure on this page (80 figures)

The 80 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsJustin Jones (Jul 23, 2026): Looking ahead, we expect third quarter unit revenue growth of 17.5% to 19.5% year over year with a strong exit rate from Q2. Robert E. Jordan (Jul 23, 2026): For full-year 2026, we now expect adjusted earnings per share of $3.25 to $4.25. Tom Doxey (Jul 23, 2026): Looking ahead, we expect third quarter CASM ex to increase 3.5% to 4.0% year-over-year on capacity of flat to down 1%. Justin Jones (Jul 23, 2026): You can kind of see what we have out in the first quarter out there, and we will probably make some adjustments from that, but we are not ready to talk about what the full year capacity looks like.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressDallas, TXOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "PO Box 36611, Dallas, TX, 75235-1611, US".

FMP — 68 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$42.47FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T05:34:24.666Z.
px.changeChange on the day+1.51%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$20.8BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:02.000Z. Captured from FMP at 2026-10-05T05:34:17.230Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$0.63FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$8.43BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.pePrice / earnings (trailing)25.58FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day6.17MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta1.12FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveRobert E. JordanFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees73,456FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $15.79B, net result $977.00M; FY2022 revenue $23.81B, net result $539.00M; FY2023 revenue $26.09B, net result $465.00M; FY2024 revenue $27.48B, net result $465.00M; FY2025 revenue $28.06B, net result $441.00MFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsPassenger $25.54B · Cargo and Freight $171.00M · Product and Service, Other $2.36BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)61.0%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$8.43BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$0.00Period end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30$285.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$7.25BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$0.00Period end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31$330.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$7.44BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$1.12BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31$391.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$6.95BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$1.12BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30$35.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-07-22.revenue_actualRevenue · reported — report date 2026-07-22$8.43BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-22.revenue_estimatedRevenue · estimate — report date 2026-07-22$8.58BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-22.eps_actualEPS · reported — report date 2026-07-22$0.9400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-22.eps_estimatedEPS · estimate — report date 2026-07-22$0.5100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-22.revenue_actualRevenue · reported — report date 2026-04-22$7.25BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-22.revenue_estimatedRevenue · estimate — report date 2026-04-22$7.27BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-22.eps_actualEPS · reported — report date 2026-04-22$0.4500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-22.eps_estimatedEPS · estimate — report date 2026-04-22$0.4732Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-01-28.revenue_actualRevenue · reported — report date 2026-01-28$7.44BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-01-28.revenue_estimatedRevenue · estimate — report date 2026-01-28$7.50BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-01-28.eps_actualEPS · reported — report date 2026-01-28$0.5800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-01-28.eps_estimatedEPS · estimate — report date 2026-01-28$0.5680Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-22.revenue_actualRevenue · reported — report date 2025-10-22$6.95BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-22.revenue_estimatedRevenue · estimate — report date 2025-10-22$6.92BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-22.eps_actualEPS · reported — report date 2025-10-22$0.1100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-22.eps_estimatedEPS · estimate — report date 2025-10-22−$0.0368Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$3.79BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$364.00MFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$393.00MFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$6.89BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value2.96×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30$364.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31$1.42BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$818.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$630.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$295.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$859.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$287.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30−$678.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$36.10 – $65.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$49.51FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$49.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP19 transactions · 0 purchases, 0 sales, 19 other transactions · 18 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 15, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership92.6%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership87.4%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders988FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders928FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesPrimecap Management Co/Ca/ — shares in provider snapshot48,797,725FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesFranklin Resources INC — shares in provider snapshot46,578,090FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesVanguard Capital Management LLC — shares in provider snapshot31,614,180FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesBlackrock, INC. — shares in provider snapshot29,917,962FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesState Street Corp — shares in provider snapshot29,326,975FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateOct 21, 2026UNRECORDEDStored earnings-calendar observation — Captured 2026-09-14
earn.historyReported versus estimated, recent quartersEPS beat 6 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-05
px.range5252-week range$29.26 – $55.11UNRECORDEDStored company-profile observation — Captured 2026-10-05

COMPUTED — 5 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments5.49×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $3.79B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
div.ttm_per_shareDividends per share, last 12 months (split-adjusted)$0.72COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-05, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.
div.ttm_yieldDividend yield, last 12 months1.70%COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate.
earn.history.depth.2026-07-22.revenue_actual.comparisonLatest report · revenue vs estimateBelow estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($8.43B) with the recorded estimate ($8.58B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-07-22.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.9400) with the recorded estimate ($0.5100) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v275 of 100 · Strong · pillars 76 / 50 / 65 / 92 / 64OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement75 (stored snapshot Oct 4, 2026) → 75 (current publication computed Oct 5, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-07-22. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-07-22.revenue_actual, earn.history.depth.2026-07-22.revenue_estimated, earn.history.depth.2026-07-22.revenue_actual.comparison, earn.history.depth.2026-07-22.eps_actual.comparison, earn.history.depth.2026-07-22.eps_actual, earn.history.depth.2026-07-22.eps_estimated, earn.history.depth.2026-04-22.revenue_actual, earn.history.depth.2026-04-22.revenue_estimated, earn.history.depth.2026-04-22.eps_actual, earn.history.depth.2026-04-22.eps_estimated, earn.history.depth.2026-01-28.revenue_actual, earn.history.depth.2026-01-28.revenue_estimated, earn.history.depth.2026-01-28.eps_actual, earn.history.depth.2026-01-28.eps_estimated, earn.history.depth.2025-10-22.revenue_actual, earn.history.depth.2025-10-22.revenue_estimated, earn.history.depth.2025-10-22.eps_actual, earn.history.depth.2025-10-22.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Legal name
SOUTHWEST AIRLINES CO

Our market-data provider lists the name as "Southwest Airlines Co."; the filer's own record is used here.

2026-02-05OFFICIALSEC EDGAR — 10-K filed 2026-02-05
Business description
Southwest Airlines Co. functions as a passenger airline, offering scheduled air travel services predominantly across the United States and to select neighboring international markets. As of December 31, 2021, the company maintained a consistent fleet of 728 Boeing 737 aircraft. Its extensive route network served 121 different locations, spanning 42 U.S. states, the District of Columbia, and the Commonwealth of Puerto Rico, along with 10 international countries close by. These international destinations include Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. To enhance the passenger journey, Southwest provides in-flight entertainment and internet access on its Wi-Fi-enabled planes. The airline also runs the Rapid Rewards loyalty program, enabling members to accumulate points proportional to the money spent on Southwest's base fares. For customer convenience in travel planning, the company offers a range of digital tools, including its official websites and mobile applications, as well as SWABIZ, a dedicated online booking platform for business clients. Additional services available include EarlyBird Check-In, preferred boarding options, and transportation for pets and unaccompanied minors. The company was founded in 1967 and its corporate headquarters are situated in Dallas, Texas.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Passenger: $25.54B; Cargo and Freight: $171.00M; Product and Service, Other: $2.36B
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $0.47 per share, SG&A: $0, EPS basic: $0.48 per share, EPS basis: diluted, Revenue: $8.43B, EPS diluted: $0.47 per share, Net result: $233.00M, Gross profit: $14.95B, Operating result: $285.00M
  • Quarter ended 2026-03-31 — EPS: $0.45 per share, SG&A: $0, EPS basic: $0.45 per share, EPS basis: diluted, Revenue: $7.25B, EPS diluted: $0.45 per share, Net result: $227.00M, Gross profit: $728.00M, Operating result: $330.00M
  • Quarter ended 2025-12-31 — EPS: $0.61 per share, SG&A: $1.12B, EPS basic: $0.63 per share, EPS basis: diluted, Revenue: $7.44B, EPS diluted: $0.61 per share, Net result: $323.00M, Gross profit: $1.51B, Operating result: $391.00M
  • Quarter ended 2025-09-30 — EPS: $0.1 per share, SG&A: $1.12B, EPS basic: $0.1 per share, EPS basis: diluted, Revenue: $6.95B, EPS diluted: $0.1 per share, Net result: $54.00M, Gross profit: $1.16B, Operating result: $35.00M
  • Quarter ended 2025-06-30 — EPS: $0.39 per share, SG&A: $0, EPS basic: $0.4 per share, EPS basis: diluted, Revenue: $7.24B, EPS diluted: $0.39 per share, Net result: $213.00M, Gross profit: $1.36B, Operating result: $225.00M
  • Quarter ended 2025-03-31 — EPS: -$0.26 per share, SG&A: $0, EPS basic: -$0.26 per share, EPS basis: diluted, Revenue: $6.43B, EPS diluted: -$0.26 per share, Net result: -$149.00M, Gross profit: $867.00M, Operating result: -$223.00M
  • Quarter ended 2024-12-31 — EPS: $0.42 per share, SG&A: $346.00M, EPS basic: $0.45 per share, EPS basis: diluted, Revenue: $6.93B, EPS diluted: $0.42 per share, Net result: $261.00M, Gross profit: $1.23B, Operating result: $278.00M
  • Quarter ended 2024-09-30 — EPS: $0.11 per share, SG&A: $0, EPS basic: $0.11 per share, EPS basis: diluted, Revenue: $6.87B, EPS diluted: $0.11 per share, Net result: $67.00M, Gross profit: $1.12B, Operating result: $38.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Trailing twelve-month ratio set
Quick ratio: 0.42; Current ratio: 0.49; Debt to equity: 0.97; Net margin: 2.8%; Gross margin: 61%; Operating margin: 3.5%; Return on assets: 2.8%; Return on equity: 11.3%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-07-23 — Quote: Looking ahead, we expect third quarter unit revenue growth of 17.5% to 19.5% year over year with a strong exit rate from Q2., Speaker: Justin Jones
  • Call of 2026-07-23 — Quote: For full-year 2026, we now expect adjusted earnings per share of $3.25 to $4.25., Speaker: Robert E. Jordan
  • Call of 2026-07-23 — Quote: Looking ahead, we expect third quarter CASM ex to increase 3.5% to 4.0% year-over-year on capacity of flat to down 1%., Speaker: Tom Doxey
  • Call of 2026-07-23 — Quote: You can kind of see what we have out in the first quarter out there, and we will probably make some adjustments from that, but we are not ready to talk about what the full year capacity looks like., Speaker: Justin Jones

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-07-23OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $0, Revenue: $28.06B, Period end: 2025-12-31, Net result: $441.00M
  • FY2024 — R&D: $0, Revenue: $27.48B, Period end: 2024-12-31, Net result: $465.00M
  • FY2023 — R&D: $0, Revenue: $26.09B, Period end: 2023-12-31, Net result: $465.00M
  • FY2022 — R&D: $0, Revenue: $23.81B, Period end: 2022-12-31, Net result: $539.00M
  • FY2021 — R&D: $0, Revenue: $15.79B, Period end: 2021-12-31, Net result: $977.00M
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-07-22 — EPS actual: $0.94 per share, EPS estimated: $0.51 per share, Revenue actual: $8.43B, Revenue estimated: $8.58B
  • Reported 2026-04-22 — EPS actual: $0.45 per share, EPS estimated: $0.4732 per share, Revenue actual: $7.25B, Revenue estimated: $7.27B
  • Reported 2026-01-28 — EPS actual: $0.58 per share, EPS estimated: $0.568 per share, Revenue actual: $7.44B, Revenue estimated: $7.50B
  • Reported 2025-10-22 — EPS actual: $0.11 per share, EPS estimated: -$0.03683 per share, Revenue actual: $6.95B, Revenue estimated: $6.92B
  • Reported 2025-07-23 — EPS actual: $0.43 per share, EPS estimated: $0.511 per share, Revenue actual: $7.24B, Revenue estimated: $7.30B
  • Reported 2025-04-23 — EPS actual: -$0.13 per share, EPS estimated: -$0.18356 per share, Revenue actual: $6.43B, Revenue estimated: $6.39B
  • Reported 2025-01-30 — EPS actual: $0.56 per share, EPS estimated: $0.4616 per share, Revenue actual: $6.93B, Revenue estimated: $6.96B
  • Reported 2024-10-24 — EPS actual: $0.15 per share, EPS estimated: $0.004 per share, Revenue actual: $6.87B, Revenue estimated: $6.77B
2026-07-22FMPFinancial Modeling Prep (FMP) earnings
Cash, investments and debt
Total debt: $6.89B; Liquidity basis: cash and short-term investments; Total liabilities: $23.04B; Cash and short-term investments: $3.79B; Cash and investments: $4.18B; Long-term investments: $393.00M; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $4.18B; Cash and short-term investments: $3.79B; Long-term investments: $393.00M; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $3.79B, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $3.33B, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $3.23B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $3.02B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $3.84B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $8.25B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $8.72B, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $9.38B, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash decline over the reported window
To: 2026-06-30; From: 2024-09-30; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $3.79B; Decline: $5.59B; Opening balance: $9.38B; Average change per period: $798.70M

Change in cash, cash equivalents and short-term investments between the 2024-09-30 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length.

2026-06-30COMPUTEDComputed from reported balances
Cash runway cross-check (ours)
Years: 8.5; Method: cash and short-term investments of $3791M at 2026-06-30 divided by the annualized rate at which operations and capital spending used cash ($447M per year); Reaches: 2034-12; Cash basis: cash and short-term investments; Cash: $3.79B; Annualized cash use: $447.00M

Rate taken from operating cash flow less capital expenditure over the 8 most recent reported quarters, annualized.; Measured from operations, not from the change in the cash balance — a company that raised money during the window would otherwise appear to be burning less than it is.; Assumes that rate continues unchanged: it ignores announced cost reductions, financing already arranged and any change in spending.; Assumes the reported cash and short-term investments are realizable for funding operations; restrictions and timing of access are not established by these provider fields. Long-term investments are excluded.; It is a cross-check, not a forecast, and the company's own statement about its runway outranks it.

2026-06-30COMPUTEDComputed from reported cash flow; assumptions stated
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$3.10B; Total debt: $6.89B; Cash and investments: $3.79B

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$818.00M, Operating cash flow: $364.00M
  • Quarter ended 2026-03-31 — Capital expenditure: -$630.00M, Operating cash flow: $1.42B
  • Quarter ended 2025-12-31 — Capital expenditure: -$859.00M, Operating cash flow: $295.00M
  • Quarter ended 2025-09-30 — Capital expenditure: -$678.00M, Operating cash flow: $287.00M
  • Quarter ended 2025-06-30 — Capital expenditure: -$635.00M, Operating cash flow: $401.00M
  • Quarter ended 2025-03-31 — Capital expenditure: -$501.00M, Operating cash flow: $860.00M
  • Quarter ended 2024-12-31 — Capital expenditure: -$460.00M, Operating cash flow: $476.00M
  • Quarter ended 2024-09-30 — Capital expenditure: -$527.00M, Operating cash flow: $113.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Distress and quality screens
Altman Z-score: 2.13; Piotroski F-score: 8

Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading.

2026-09-12FMPFinancial Modeling Prep (FMP) financial scores
Next earnings report
Date: 2026-10-21; EPS estimate: $0.62 per share; Revenue estimate: $8.21B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: $4.64 per share, Revenue average: $34.29B, Revenue low: $33.16B, Revenue high: $35.31B, Analysts (revenue): 16
  • FY2028 — EPS average: $5.43 per share, Revenue average: $35.61B, Revenue low: $34.19B, Revenue high: $37.53B, Analysts (revenue): 16
  • FY2029 — EPS average: $6.85 per share, Revenue average: $38.21B, Revenue low: $37.08B, Revenue high: $39.38B, Analysts (revenue): 14
  • FY2030 — EPS average: $7.32 per share, Revenue average: $40.00B, Revenue low: $38.83B, Revenue high: $41.23B, Analysts (revenue): 14
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Recent SEC filings2026-08-12OFFICIALSEC EDGAR filer submissions
Named officers
CEO: Robert E. Jordan; Officers: Anthony Roach — Title: Executive VP and Chief Customer & Brand Officer, Pay: $1.28M, Born: 1980; Tom Doxey — Title: Executive Vice President & Chief Financial Officer, Pay: $1.88M, Born: 1980; Andrew Watterson — Title: Chief Operating Officer, Pay: $2.21M, Born: 1967; Tony Roach — Title: Chief Customer & Brand Officer, Pay: $1.28M, Born: 1980; Justin Jones — Title: Executive VP & Chief Commercial Officer, Pay: $1.56M, Born: 1979; Robert E. Jordan — Title: President, Chief Executive Officer & Vice Chairman of the Board, Pay: $3.51M, Born: 1961; Thomas Merritt — Title: Vice President of Technology – Infrastructure & Services and Chief Technology Officer; Jeff Novota — Title: Senior Vice President, Chief Legal Officer & Corporate Secretary

Titles and pay come from the company's proxy statement as our provider parsed it.

2026-09-12FMPFinancial Modeling Prep (FMP) key executives (proxy-derived)
Recent dividends paid
Captured record · 4 entries
  • Ex date: 2026-09-03, Payment date: 2026-09-24, Amount per share: $0.18
  • Ex date: 2026-06-11, Payment date: 2026-07-02, Amount per share: $0.18
  • Ex date: 2026-03-12, Payment date: 2026-04-02, Amount per share: $0.18
  • Ex date: 2025-12-26, Payment date: 2026-01-16, Amount per share: $0.18

Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here.

2026-09-03FMPFinancial Modeling Prep (FMP) dividend history
Next scheduled dividend
Ex date: 2026-09-03; Declared on: 2026-07-30; Record date: 2026-09-03; Payment date: 2026-09-24; Amount per share: $0.18

Amount is per share as declared, before any withholding. Owning the share before the ex-date is what carries entitlement.

2026-07-30FMPFinancial Modeling Prep (FMP) dividend calendar
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.