OverviewSuggest Edit

Southwest Airlines is an airline low-cost carrier. The company operates as a passenger airline that provides point-to-point scheduled air transportation in the United States and near-international markets.
TypePublic
Founded1967
HQDallas, TX, US
Websitesouthwest.com
Employee Ratings4.4
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)56,500(-7%)
Job Openings44
Revenue (FY, 2020)$9 B(-59%)
Share Price (Jul 2021)$50.5(-1%)
Cybersecurity ratingCMore

Key People/Management at Southwest Airlines

Gary C. Kelly

Gary C. Kelly

Chairman of the Board & Chief Executive Officer
Douglas H. Brooks

Douglas H. Brooks

Director
Tom Nealon

Tom Nealon

President
John G. Denison

John G. Denison

Director
Nancy B. Loeffler

Nancy B. Loeffler

Director
Mark R. Shaw

Mark R. Shaw

Executive Vice President, Chief Legal and Regulatory Officer
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Southwest Airlines Office Locations

Southwest Airlines has an office in Dallas
Dallas, TX, US (HQ)
2702 Love Field Dr
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Southwest Airlines Financials and Metrics

Southwest Airlines Revenue

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View revenue for all periods
Southwest Airlines's revenue was reported to be $9.05 b in FY, 2020 which is a 59.7% decrease from the previous period.
USD

Revenue (Q1, 2021)

2.1b

Gross profit (Q1, 2021)

1.3b

Gross profit margin (Q1, 2021), %

61.9%

Net income (Q1, 2021)

116.0m

EBIT (Q1, 2021)

199.0m

Market capitalization (30-Jul-2021)

29.9b

Closing stock price (30-Jul-2021)

50.5

Cash (31-Mar-2021)

12.0b

EV

30.7b
Southwest Airlines's current market capitalization is $29.9 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

22.0b22.4b9.0b

Revenue growth, %

4%2%(60%)

Cost of goods sold

6.0b5.7b3.1b

Gross profit

16.0b16.7b6.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

5.1b5.9b5.6b4.2b1.0b1.8b2.1b

Cost of goods sold

1.3b1.5b1.4b1.1b397.0m687.0m782.0m

Gross profit

3.8b4.4b4.2b3.1b611.0m1.1b1.3b

Gross profit Margin, %

74%75%75%73%61%62%62%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.9b2.5b11.1b

Accounts Receivable

568.0m1.1b1.1b

Prepaid Expenses

310.0m287.0m295.0m

Inventories

461.0m529.0m414.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

2.3b2.4b2.5b3.9b12.4b12.1b12.0b

Accounts Receivable

784.0m777.0m867.0m709.0m770.0m897.0m937.0m

Prepaid Expenses

354.0m281.0m239.0m256.0m223.0m248.0m367.0m

Inventories

484.0m510.0m528.0m518.0m422.0m426.0m448.0m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.5b2.3b(3.1b)

Depreciation and Amortization

1.2b1.2b1.3b

Accounts Payable

545.0m298.0m231.0m

Cash From Operating Activities

4.9b4.0b(1.1b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

387.0m1.1b1.8b(94.0m)(1.0b)(2.2b)116.0m

Depreciation and Amortization

297.0m598.0m906.0m311.0m624.0m940.0m312.0m

Accounts Payable

(257.0m)(346.0m)(240.0m)(1.3b)(90.0m)(65.0m)(66.0m)

Cash From Operating Activities

1.1b2.1b3.2b(377.0m)520.0m(531.0m)645.0m
USDFY, 2018

EV/EBIT

8.5 x

EV/CFO

5.6 x

Revenue/Employee

378.5k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.7 x

P/E Ratio

10.8
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Southwest Airlines Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Aircraft (Leased)

123126126126122120135133137137

Aircraft (Owned)

650627627626625622602601581593

Average Passenger Fare

151.64151.61157.1155.95154.98155.37134.04125.07141.72120.36

Seats per Trip

150.7151.6150.7150.6150.9150.9154.5153.6153.1154.8
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Southwest Airlines Acquisitions / Subsidiaries

Company NameDateDeal Size
AirTran AirwaysSeptember 28, 2010$1.4 b
Morris AirDecember 14, 1993
TranStar AirlinesJune 25, 1985
AirTran Airways 717 Leasing Corporation
AirTran Airways, Inc.
AirTran Holdings, LLC
Southwest Jet Fuel Co.
Triple Crown Assurance Co.

Southwest Airlines Revenue Breakdown

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Southwest Airlines revenue breakdown by business segment: 84.7% from Passenger and 15.3% from Other

Human Capital Metrics

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Southwest Airlines Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Southwest Airlines Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Southwest Airlines Online and Social Media Presence

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Southwest Airlines Company Culture

  • Overall Culture

    A+

    81/100

  • CEO Rating

    A+

    85/100

  • Compensation

    A+

    83/100

  • Diversity

    A

    77/100

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Southwest Airlines News and Updates

Southwest Airlines returns to profitability

Southwest Airlines returns to profitability

Southwest Airlines swings to Q2 profit thanks to PSP program as revenue tops estimates

Southwest Airlines Co. said Thursday it had net income of $348 million, or 57 cents a share, in the second quarter, after a loss of $915 million, or $1.63 a share, in the year-earlier period, when travel stalled during the global pandemic. The profit was driven by a $724 million offset of salaries …

Will Southwest Airlines Report An Earnings Beat?

The shares of Southwest Airlines (NYSE: LUV) have lost 20% in value since April as concerns of a new coronavirus wave lowered investor confidence in the airline and hotel industries. While the company is likely to report a net loss for the second quarter, government aid has been limiting cash burn..

Southwest Airlines to Discuss Second Quarter 2021 Financial Results on July 22, 2021

DALLAS, July 15, 2021 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its second quarter 2021 financial results. Details are as follows: When: Thursday, July 22, 2021 at 12:30 PM Eastern Time Who: Gary Kelly, Chairman of the Board and Chief...

Pick Southwest Airlines Stock For Quick Gains?

In a recent release, CDC highlighted the efficacy of vaccines even against the surging Delta variant. However, airline stocks have been observing a bearish trend over concerns of another infectious wave stalling the recovered passenger traffic. After reaching pre-Covid levels in April...

Southwest Airlines flight leaves 4 people hospitalized after the plane encountered turbulence over Utah

Summary List PlacementFour people were taken to the hospital after experiencing turbulence on a Southwest Airlines flight into Salt Lake City, Utah, on Friday. According to 2KUTV, Southwest flight 1753 was approaching Salt Lake City, Utah, after departing from Chicago Midway International Airport …
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Southwest Airlines Blogs

Southwest Airlines Joins Sabre Providing Industry-standard Level of Access to Carrier's Low Fares and Network as it Welcomes Business Travelers Back to the Sky

<p><strong>DALLAS</strong> — <a href="https://www.southwest.com/?src=PRPRPRNSWBSBR270721" target="_blank"><strong>Southwest Airlines Co.</strong></a> (NYSE: LUV) ("Company") today began offering flights for sale within Sabre's gl…

Southwest Airlines recognized as a ‘best place to work for disability inclusion’

<p><strong>DALLAS</strong> – <a href="https://www.southwest.com/?src=PRPRPRNDEIINCLUSION130721" target="_blank"><strong>Southwest Airlines Co.</strong></a> (NYSE: LUV) today was recognized for its continued commitment to inclusio…

Southwest Airlines offers a summer sale with fares as low as $59 one-way

<p><strong>DALLAS</strong> — <a href="https://www.southwest.com/html/offers/nationwide_sale_NonstopConnect_210713.html/?src=PRPRPRNJulyCoolSumemr210713" target="_blank"><strong>Southwest Airlines Co.</strong></a> (NYSE: LUV) toda…

Gary Kelly and Bob Jordan Chat About Upcoming New Roles

<div class="video-container" align="center"><video controls="controls" width="100%"> <source src="https://www.swamedia.com/videos/streamTranscode.mp4?id=video-1f2f1866ebce0ed7d6cc951c59005bc3&transcode=en-US_h264_aac_848x480" type="video/mp4" /> </vide…

Southwest Announces 2022 Executive Leadership Plans

<p align="left"><strong>DALLAS</strong> — Today, <a href="http://www.southwest.com/?src=PRPRPRNLeadershipAnncmnt210623" target="_blank">Southwest Airlines Co.</a> (NYSE: LUV) announced that Chairman and CEO <a href="https://www.swamedia.com/pages/gary-kelly…

Southwest Airlines celebrates 50 years of giving people the freedom to fly by unveiling Freedom One, a high-flying tribute to the nation, military, and the airline’s more than 50,000 Employees

<p><strong>DALLAS</strong> —<a href="http://www.southwest.com/?src=PRPRPRNFIFTYFOAIR210618" target="_blank"><strong> Southwest Airlines Co.</strong></a> (NYSE: LUV) (the "Company") today celebrates the 50th Anniversary of its fir…
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Southwest Airlines Frequently Asked Questions

  • When was Southwest Airlines founded?

    Southwest Airlines was founded in 1967.

  • Who are Southwest Airlines key executives?

    Southwest Airlines's key executives are Gary C. Kelly, Douglas H. Brooks and Tom Nealon.

  • How many employees does Southwest Airlines have?

    Southwest Airlines has 56,500 employees.

  • What is Southwest Airlines revenue?

    Latest Southwest Airlines annual revenue is $9 b.

  • What is Southwest Airlines revenue per employee?

    Latest Southwest Airlines revenue per employee is $160.1 k.

  • Who are Southwest Airlines competitors?

    Competitors of Southwest Airlines include JetBlue Airways, Alaska Air Group and United Airlines.

  • Where is Southwest Airlines headquarters?

    Southwest Airlines headquarters is located at 2702 Love Field Dr, Dallas.

  • Where are Southwest Airlines offices?

    Southwest Airlines has an office in Dallas.

  • How many offices does Southwest Airlines have?

    Southwest Airlines has 1 office.