Full text
Earnings transcript
Read the complete earnings call transcript.
LUV
Southwest Airlines Co.
$43.17
2.15
(5.24%)
| Exchange: | NYSE |
| Market Cap: | 21.1B |
| Shares Outstanding: | 675.714M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Airlines, Airports & Air Services | |||||
| CEO: | Robert E. Jordan | |||||
| Full Time Employees: | 71506 | |||||
| Address: |
| |||||
| Website: | https://www.southwest.com |
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.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 26,091,000 | 27,483,000 | 28,063,000 |
| Gross Profit | 4,223,000 | 4,459,000 | 4,895,000 |
| EBITDA | 2,391,000 | 2,469,000 | 2,236,000 |
| Operating Income | 224,000 | 321,000 | 428,000 |
| Net Income | 465,000 | 465,000 | 441,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 36,487,000 | 33,750,000 | 29,061,000 |
| Total Liabilities | 25,972,000 | 23,400,000 | 21,080,000 |
| Total Stockholders Equity | 10,515,000 | 10,350,000 | 7,981,000 |
| Total Debt | 9,200,000 | 8,058,000 | 6,749,000 |
| Cash and Cash Equivalents | 9,288,000 | 7,509,000 | 3,231,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,164,000 | 462,000 | 1,842,000 |
| Capital Expenditure | -3,553,000 | -2,080,000 | 0 |
| Free Cash Flow | -389,000 | -1,618,000 | 1,842,000 |
| Net Income | 465,000 | 465,000 | 441,000 |
| Net Change in Cash | -204,000 | -1,779,000 | -4,278,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 37,838,814.234 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 40,133,296.651 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 39,238,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 4,183,944.921 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 4,437,652.344 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 4,338,656.856 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 3,357,759.426 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 3,625,420.866 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 3,520,980.006 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,536,897.299 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,630,092.181 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,593,727.960 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 6.310 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.500 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 6.020 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 13 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 6 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Revenue Performance and Market Position: Southwest Airlines reported a record operating revenue of $27.48 billion for FY2024, reflecting consistent growth from $23.81 billion in FY2022. With a market cap of $17.64 billion and a strong presence in North America (accounting for $26.7 billion of revenue in FY2024), the company maintains a significant foothold in the passenger airline market.
- Strong Short-Term Performance Metrics: LUV has shown robust stock performance with a 9.16% increase over the past week and a 19.38% rise over the past month as of the latest data, outperforming the industry’s 5.00% and 12.93% gains for the same periods, respectively.
- Stable Balance Sheet with Low Debt: The company’s debt-to-equity ratio of 0.85 (TTM) indicates a relatively conservative approach to leverage compared to industry peers, supported by $7.51 billion in cash and cash equivalents as of FY2024, providing financial flexibility.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about LUV valuation
Is Southwest Airlines Co. (LUV) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Southwest Airlines Co. (LUV) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is LUV a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether LUV trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is LUV’s P/E ratio?
You can see LUV’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for LUV?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is LUV a good long-term investment?
Whether LUV fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
LUV
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
5.24
Trading Metrics:
| Open: | 41.94 | Previous Close: | 41.02 | |
| Day Low: | 41.02 | Day High: | 43.23 | |
| Year Low: | 28.98 | Year High: | 55.11 | |
| Price Avg 50: | 39.93 | Price Avg 200: | 38.88 | |
| Volume: | 6.417M | Average Volume: | 7.895M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeLUV full analysis
Welcome to MARKETSNAP’s SWOT analysis for Southwest Airlines, or LUV as it’s known on the ticker. If you’re a long-term investor looking to dig into the nuts and bolts of this iconic low-cost carrier, you’ve come to the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for Southwest, giving you a clear picture of where this company stands and what might be on the horizon. Let’s dive in with a quick overview of the latest developments…
