Southwest Airlines Co.
- LUV · NYSE
- Air Transportation, Scheduled
- Dallas, TX
- 72,790 employees
- CIK 0000092380
Updated from SEC filings through
Top things to know
Executives
-
Bob Jordan Southwest Airlines President & Chief Executive Officer 8-K, 2026-10-21 - Robert E. Jordan CEO & President 4, 2026-08-07
- Tom Doxey Executive Vice President & Chief Financial Officer 8-K, 2026-08-07
- Andrew Watterson Chief Operating Officer 8-K, 2026-08-07
- Justin Jones EVP & Chief Commercial Officer 4, 2026-08-07
- Andrew M. Watterson Chief Operating Officer 4, 2026-08-07
What leadership is saying
“We look forward to sharing our multi-year financial framework, the targets we are managing toward, and our path to achieving them at our Capital Markets Day in New York City on March 2, 2027”
Earnings press release (8-K Ex. 99.1), filed October 21, 2026
Southwest Airlines Co is a U.S. public company in air transportation, scheduled (SIC 4512), headquartered in Dallas, TX. It trades as LUV on NYSE. Revenue was $28.1B in the fiscal year ending December 31, 2025, +2.1% from the year before. It reported about 72,790 employees. Bob Jordan is Southwest Airlines President & Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $28.1B 10-K, 2026-02-05 | $27.5B 10-K, 2026-02-05 | $26.1B 10-K, 2026-02-05 | $23.8B 10-K, 2025-02-07 | $15.8B 10-K, 2024-02-06 |
| Operating income | $428M 10-K, 2026-02-05 | $321M 10-K, 2026-02-05 | $224M 10-K, 2026-02-05 | $1.0B 10-K, 2025-02-07 | $1.7B 10-K, 2024-02-06 |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $441M 10-K, 2026-02-05 | $465M 10-K, 2026-02-05 | $465M 10-K, 2026-02-05 | $539M 10-K, 2025-02-07 | $977M 10-K, 2024-02-06 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Bob Jordan Southwest Airlines President, Chief Executive Officer, & Vice Chairman of the Board of Directors | Southwest Airlines President & Chief Executive Officer | 8-K, 2026-10-21 |
| Robert E. Jordan | CEO & President | 4, 2026-08-07 |
| Tom Doxey Chief Financial Officer at Southwest Airlines | Executive Vice President & Chief Financial Officer | 8-K, 2026-08-07 |
| Andrew Watterson Chief Operating Officer responsible for overall Safety and the Operation of Southwest Airlines | Chief Operating Officer | 8-K, 2026-08-07 |
| Justin Jones Commercial Leader at Southwest Airlines | EVP & Chief Commercial Officer | 4, 2026-08-07 |
| Andrew M. Watterson | Chief Operating Officer | 4, 2026-08-07 |
| Anthony Roach | Executive Vice President & Chief Customer & Brand Officer | 8-K, 2026-08-07 |
| J. Ryan Martinez SVP Finance & Principal Accounting Officer at Southwest Airlines, responsible for Controllership, FP&A, and Enterprise Strategy | Senior Vice President Finance & Principal Accounting Officer (Principal Accounting Officer) | 10-K, 2026-02-05 |
| Lauren Woods Senior Vice President, Technology and Chief Information Officer at Southwest Airlines | Executive Vice President & Chief Information Officer | 10-K, 2026-02-05 |
| Tony Roach Fostering a People-first Culture as Chief Customer & Brand Officer at Southwest Airlines, responsible for Marketing, Digital, Product, Loyalty, Customer Care, C | Executive Vice President & Chief Customer & Brand Officer | 10-K, 2026-02-05 |
| Jimmy Ryan Martinez | Principal Accounting Officer | 4, 2026-09-17 |
| Lauren Tauscher Woods | EVP & CIO | 4, 2026-08-07 |
| Jason T. Liberty | member of the Board | 8-K, 2026-08-10 |
| Varun Krishna | member of the Board | 8-K, 2026-08-10 |
| Douglas H. Brooks | Chair of the Board | 10-K, 2026-02-05 |
| C. David Cush | Director | 10-K, 2026-02-05 |
What Southwest Airlines Co does
Southwest Airlines Co. (the “Company” or “Southwest”) operates Southwest Airlines, a major passenger airline that provides scheduled air transportation in the United States and near-international markets. Southwest commenced service on June 18, 1971, with three Boeing 737 aircraft serving three Texas cities: Dallas, Houston, and San Antonio. Southwest’s unique route network, competitive fares, and famous Hospitality continue to make the Company an attractive choice for Customers in cities across the United States and near-international destinations.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 489.6 million (as of October 21, 2026) | 10-Q, October 22, 2026 |
|---|---|---|
| Public float | $16.9B (as of June 30, 2025) | 10-K/A, February 6, 2026 |
| Reportable segments | 1 (period ending December 31, 2025) | 10-K, February 5, 2026 |
| Latest proxy statement | Meeting May 7, 2026 (filed March 27, 2026) | DEF 14A, March 27, 2026 |
| Auditor | Ernst & Young LLP (Dallas, TX) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| April 7, 2026 | Lisa M. Atherton Director | Sale | 118 | $4K | Form 4, April 8, 2026 |
| December 5, 2025 | Justin Jones EVP Operations | Sale | 8,085 | $302K | Form 4, December 8, 2025 |
| August 6, 2025 | Gregg A. Saretsky Director | Buy | 3,345 | $100K | Form 4, August 7, 2025 |
| August 5, 2025 | Sarah Feinberg Director | Buy | 1,500 | $45K | Form 4, August 7, 2025 |
Recent 8-K events
- 8-K filed 2026-11-02
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 8.01 Other events
- 8-K filed 2026-10-21
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-12
- Item 1.01 Entry into a material definitive agreement
- Item 1.02 Termination of a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-08-10
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-08-07
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-07-22
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-19
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-05-11
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-04-22
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-03-12
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
Frequently asked questions about Southwest Airlines Co
- What does Southwest Airlines Co do?
- In its own words, from Item 1 of its 10-K: "Southwest Airlines Co. (the “Company” or “Southwest”) operates Southwest Airlines, a major passenger airline that provides scheduled air transportation in the United States and near-international markets. Southwest commenced service on June 18, 1971, with three Boeing 737 aircraft serving three Texas cities: Dallas, Houston, and San Antonio. Southwest’s unique route network, competitive fares, and famous Hospitality continue to make the Company an attractive choice for Customers in cities across the United States and near-international destinations."
- What is Southwest Airlines Co's revenue?
- $28.1B for the fiscal year ending December 31, 2025, from its 10-K filed February 5, 2026.
- Is Southwest Airlines Co profitable?
- Southwest Airlines Co reported net income of $441M for the fiscal year ending December 31, 2025.
- How many employees does Southwest Airlines Co have?
- About 72,790 as of February 5, 2026, as stated in its annual report.
- Who is the CEO of Southwest Airlines Co?
- Bob Jordan, Southwest Airlines President & Chief Executive Officer, as named in a 8-K filed October 21, 2026.
- Who is the CFO of Southwest Airlines Co?
- Tom Doxey, Executive Vice President & Chief Financial Officer, as named in a 8-K filed August 7, 2026.
- Where is Southwest Airlines Co headquartered?
- Dallas, TX.
- What is Southwest Airlines Co's stock ticker?
- LUV on NYSE.
- What industry is Southwest Airlines Co in?
- Air Transportation, Scheduled, SIC code 4512.
- What is Southwest Airlines Co's website?
- southwest.com. Investor relations: https://www.southwestairlinesinvestorrelations.com/?clk=GFOOTER-ABOUT-INVESTOR.
- When does Southwest Airlines Co report earnings next?
- January 28, 2027 at 10:00. Source: ir_events.
- Is Southwest Airlines Co a public company?
- Yes. Southwest Airlines Co files with the SEC under CIK 0000092380 and trades as LUV.
- Who audits Southwest Airlines Co?
- Ernst & Young LLP, Dallas, TX, as named in its latest annual report (10-K).
- How many shares of Southwest Airlines Co are outstanding?
- 489.6 million shares as of October 21, 2026, from its 10-Q filed October 22, 2026.
- What is Southwest Airlines Co's public float?
- $16.9B as of June 30, 2025, as reported on the cover of its 10-K/A filed February 6, 2026.
- How many business segments does Southwest Airlines Co report?
- 1 reportable segment for the period ending December 31, 2025, from its 10-K filed February 5, 2026.
- When is Southwest Airlines Co's annual shareholder meeting?
- May 7, 2026, per its proxy statement (DEF 14A) filed March 27, 2026.
- Have Southwest Airlines Co insiders traded stock recently?
- Since August 5, 2025, officers and directors reported 2 open-market sales worth about $307K and 2 purchases worth about $145K on Forms 4 and 5. The most recent: Lisa M. Atherton (Director) sold 118 shares on April 7, 2026.