Southwest Airlines (LUV)

• Market cap: $15.9B
• 1 day: 0.11%
• 5 days: 8.48%
• 1 month: -23.59%
• 3 months: -18.69%
• 6 months: -9.99%
• Year to date: -20.62%
• 1 year: -2.82%
• 5 years: -9.00%
• 10 years: -37.36%
• Sector: Industrials
• Industry: Airlines

About: Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates over 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 2025, Southwest will modify its cabins to offer some seats with extra legroom and will update its ticketing process to offer assigned seats.

Employees: 74,081

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 13% downside
• Avg. target: $30 12% upside
• High target: $42 59% upside

7 analyst ratings

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

Barclays Brandon Oglenski 33% 1-year accuracy 26 / 78 met price target	2% downside $26	Equal-Weight Maintained	24 Apr 2025
Citigroup Stephen Trent 37% 1-year accuracy 7 / 19 met price target	13% downside $23	Sell Maintained	14 Apr 2025
UBS Thomas Wadewitz 28% 1-year accuracy 11 / 40 met price target	2% upside $27	Neutral Maintained	7 Apr 2025
Susquehanna Christopher Stathoulopoulos 53% 1-year accuracy 9 / 17 met price target	6% downside $25	Neutral Maintained	7 Apr 2025
Raymond James Savanthi Syth 15% 1-year accuracy 3 / 20 met price target	59% upside $42	Outperform Maintained	2 Apr 2025