Southwest Airlines CO

Market Movers (8-K)

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NYSE
Southwest Airlines Co. has announced adjustments to the annual base salaries and long-term incentive targets for certain officers, including named executive officers, effective August 15, 2026.
NYSE
Southwest Airlines announced record second quarter 2026 revenues and significant earnings growth, exceeding expectations despite a substantial increase in fuel costs.
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Southwest Airlines has amended its credit agreement to secure an additional $1 billion in term loans, increasing its total outstanding term loan facility to $1.5 billion.
Capital raise
NYSE
Southwest Airlines Co. shareholders re-elected eleven directors and approved executive compensation and auditor ratification at the May 7, 2026 annual meeting.
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Southwest Airlines reported record first-quarter revenues of $7.2 billion and a return to profitability, signaling the successful implementation of its business transformation plan.
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Southwest Airlines Co. has entered into a new $500 million senior secured term loan credit facility maturing in March 2029.
Capital raise

Quarterly Earnings (10-Q)

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NYSE
Southwest Airlines announced robust financial results for the second quarter of 2026, driven by record revenues and improved operational performance.
Delay expected
NYSE
Southwest Airlines announced a record first quarter revenue of $7.2 billion, driven by transformational initiatives and increased ancillary revenues, despite higher fuel costs.
Delay expected
Better than expected
NYSE
Southwest Airlines reports record third-quarter operating revenues of $6.9 billion, but net income and operating income declined year-over-year due to rising labor costs and strategic investments.
Delay expected
Worse than expected
NYSE
Southwest Airlines experienced a significant decline in second-quarter net income and revenue, driven by softer travel demand and new product launch impacts, while actively pursuing transformational initiatives and cost reductions.
Worse than expected
Capital raise
Delay expected
NYSE
Southwest Airlines reports a net loss for Q1 2025, but revenue increases due to revenue management actions and capacity moderation.
Worse than expected
Delay expected
NYSE
Southwest Airlines reported record third-quarter revenue but faced increased operating expenses, leading to a decline in profits, while also announcing significant strategic changes.
Worse than expected
Delay expected

Annual Reports (10-K)

NYSE
Southwest Airlines Co. filed an amendment to its 2025 annual report to correct a hyperlink for its Fifth Amended and Restated Bylaws.
NYSE
Southwest Airlines achieved record full-year revenue in 2025, driven by transformational initiatives and strong domestic travel demand, despite a slight dip in GAAP net income.
Capital raise
Delay expected
NYSE
Southwest Airlines reports record full-year revenue for 2024, driven by strong demand and strategic initiatives, while also outlining plans for assigned seating, premium options, and international partnerships.
Worse than expected
Delay expected
NYSE
Southwest Airlines' 10-K filing details shareholder rights, operational strategies, and responses to industry challenges, including a focus on cost control and fleet modernization.
Worse than expected
Delay expected

Insider Trading (Form 4)

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NYSE
Varun Krishna, a Director of Southwest Airlines Co, received 3,787 shares of common stock on August 10, 2026.
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Jason T Liberty, a Director of Southwest Airlines Co, received 3,787 shares of common stock on August 10, 2026.
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Justin Jones, EVP & Chief Commercial Officer of Southwest Airlines Co, received 8,568 shares of common stock on August 5, 2026.
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Anthony Roach, Chief Customer & Brand Officer of Southwest Airlines Co, received 9,506 shares of common stock on August 5, 2026.
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Lauren Tauscher Woods, EVP & CIO of Southwest Airlines Co, received 7,598 shares of common stock on August 5, 2026.
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Andrew M Watterson, Chief Operating Officer of Southwest Airlines Co, received 2,995 shares of common stock on August 5, 2026.

Proxy Statements (Def-14A)

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NYSE
Southwest Airlines details its 2026 Annual Meeting agenda, highlighting significant executive compensation changes, board refreshment, and the impact of its 2025 transformational initiatives on financial performance and customer experience.
Better than expected
NYSE
Southwest Airlines Co. is holding its annual shareholder meeting on May 14, 2025, and has released its proxy statement outlining proposals for voting.
NYSE
Southwest Airlines' upcoming annual meeting will address director elections, executive compensation, auditor ratification, and a shareholder proposal for an improved clawback policy, amidst significant board refreshment and strategic changes.
Delay expected
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Southwest Airlines updates its website to showcase positive industry recognition and support for its current leadership and strategic direction amidst potential changes proposed by activist shareholder Elliott Investment Management.
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Elliott Investment Management is pushing for a special board meeting at Southwest Airlines, aiming to replace board members and the CEO despite recent changes and a transformation plan by the airline.
NYSE
Southwest Airlines announces a strategic shift including assigned seating, premium options, and a $2.5 billion share repurchase program, aiming to boost profitability and shareholder value.
Better than expected
Delay expected

Schedule 13D - Activist Investments

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NYSE
Elliott Investment Management L.P. has reduced its direct economic exposure to Southwest Airlines Co. while maintaining significant shareholder confidence.
NYSE
Elliott Investment Management L.P. has reduced its direct beneficial ownership in Southwest Airlines Co. to 9.3% while maintaining confidence in the airline's strategic initiatives.
Worse than expected
NYSE
Elliott Investment Management has reduced its direct shareholding in Southwest Airlines but affirms its intent to remain a significant shareholder, citing confidence in strategic initiatives.
Worse than expected
NYSE
Elliott Investment Management reduced its direct beneficial ownership in Southwest Airlines to 9.9% while maintaining a 13.1% combined economic exposure, citing portfolio management and confidence in strategic initiatives.
NYSE
Elliott Investment Management L.P. has increased its beneficial ownership in Southwest Airlines Co. to 9.7% and holds a total economic exposure of 16.0%.
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Elliott Investment Management L.P. has increased its economic exposure in Southwest Airlines Co. to approximately 14.8% of outstanding shares, citing belief in the airline's strategic initiatives.

Schedule 13G - Passive Investments

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NYSE
Primecap Management Co/CA/ has filed an updated Schedule 13G, reporting beneficial ownership of 47,069,495 shares, or 9.58%, of Southwest Airlines Co. common stock as of March 31, 2026.
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Vanguard Capital Management has reported a beneficial ownership of 35,624,805 shares, representing 7.25% of Southwest Airlines' common stock as of March 31, 2026.
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Franklin Resources and Putnam Investment Management have jointly filed a Schedule 13G, reporting a combined beneficial ownership of 9.0% of Southwest Airlines common stock as of March 31, 2026.
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The Vanguard Group, Inc. has reported 0% beneficial ownership of Southwest Airlines Co. common stock following an internal realignment that disaggregated its reporting.
NYSE
Franklin Resources, Inc. and its subsidiaries report a 7.8% beneficial ownership stake in Southwest Airlines Co. common stock.
NYSE
Franklin Resources, Inc. has reported a 6.7% beneficial ownership stake in Southwest Airlines Co. common stock as of June 30, 2025.