Southwest Airlines
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.
| Type | Public | |
| Founded | 1967 | |
| HQ | Dallas, TX, US | Map |
| Website | southwest.com | |
| Employee Ratings | More | |
| Overall Culture | A+ | More |
Recent NewsAll News
- Southwest Airlines Continues Commitment to Combatting Human Trafficking with New Training Curriculum
- Southwest Airlines stock falls after November load factor miss, raised daily cash burn outlook
- Southwest Airlines Had a Winning Strategy for Decades. Is It Now Trying the Opposite?
- Southwest Airlines warns nearly 13% of workforce at risk of layoffs after punishing year for travel
Key People/Management at Southwest Airlines
Gary C. Kelly
Chairman of the Board & Chief Executive Officer
Douglas H. Brooks
Director
Tom Nealon
President
John G. Denison
Director
Robert E. Jordan
Executive Vice President of Corporate Services
Mark R. Shaw
Executive Vice President, Chief Legal and Regulatory Officer
Southwest Airlines Office Locations
Southwest Airlines has an office in Dallas
Dallas, TX, US (HQ)
2702 Love Field Dr
Southwest Airlines Financials and Metrics
Southwest Airlines Revenue
Southwest Airlines's revenue was reported to be $22.43 b in FY, 2019 which is a 2.1% increase from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2020) | 1.5b |
Market capitalization (15-Jan-2021) | 27.5b |
Closing stock price (15-Jan-2021) | 46.7 |
Cash (30-Sept-2020) | 12.1b |
EV | 28.0b |
Southwest Airlines's current market capitalization is $27.5 b.
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 4.9b | 5.7b | 5.3b | 4.9b | 5.7b | 5.6b | 5.1b | 5.9b | 5.6b | 4.2b | 704.0m | 1.5b |
Cost of goods sold | 3.3b | 3.5b | 3.4b | 3.4b | 3.7b | 3.7b | 3.6b | 3.9b | 3.8b | 3.3b | ||
Gross profit | 1.6b | 2.3b | 1.8b | 1.5b | 2.0b | 1.8b | 1.5b | 2.0b | 1.9b | 899.0m | ||
Gross profit Margin, % | 33% | 39% | 35% | 31% | 35% | 33% | 30% | 34% | 33% | 21% |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.9b | 1.5b | 1.5b | 1.8b | 2.1b | 2.1b | 2.3b | 2.4b | 2.5b | 3.9b | 12.4b | 12.1b |
Accounts Receivable | 585.0m | 576.0m | 579.0m | 680.0m | 765.0m | 784.0m | 784.0m | 777.0m | 867.0m | 709.0m | 770.0m | 897.0m |
Prepaid Expenses | 235.0m | 250.0m | 223.0m | 448.0m | 498.0m | 514.0m | 354.0m | 281.0m | 239.0m | 256.0m | 223.0m | 248.0m |
Current Assets | 4.7b | 4.3b | 4.3b | 4.8b | 5.4b | 5.6b | 5.5b | 5.6b | 5.7b | 7.0b | 15.9b | 16.1b |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 351.0m | 1.1b | 1.6b | 463.0m | 1.2b | 1.8b | 387.0m | 1.1b | 1.8b | (94.0m) | (1.0b) | (2.2b) |
Depreciation and Amortization | 318.0m | 637.0m | 939.0m | 277.0m | 569.0m | 870.0m | 297.0m | 598.0m | 906.0m | 311.0m | 624.0m | 940.0m |
Accounts Payable | 93.0m | (245.0m) | (156.0m) | (501.0m) | (80.0m) | 80.0m | (257.0m) | (346.0m) | (240.0m) | (1.3b) | (90.0m) | (65.0m) |
Cash From Operating Activities | 1.6b | 2.4b | 3.4b | 1.0b | 2.6b | 3.9b | 1.1b | 2.1b | 3.2b | (377.0m) | 520.0m | (531.0m) |
| USD | Q1, 2017 |
|---|---|
Revenue/Employee | 89.3k |
Debt/Equity | 0.4 x |
Debt/Assets | 0.1 x |
Financial Leverage | 2.9 x |
Southwest Airlines Operating Metrics
| FY, 2013 | FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Destinations | 96 | 93 | 97 | 101 | |||||||||||||||||||
Flights | 1.31 m | 1.26 m | 296.57 k | 326.31 k | 325.30 k | 1.27 m | 314.54 k | 334.45 k | 332.42 k | 1.31 m | 321.79 k | 347.83 k | 341.09 k | ||||||||||
Passenger Load Factor | 80.1% | 82.5% | 80.1% | 84.6% | 85.4% | 83.6% | 80.5% | 85.6% | 85.3% | 84% | 79.9% | 85.6% | 84.8% | ||||||||||
Passengers | 108.08 m | 110.50 m | 26.44 m | 30.80 m | 30.56 m | 118.17 m | 28.60 m | 32.34 m | 31.77 m | 124.72 m | 29.54 m | 33.99 m | 33.03 m | 130.26 m | 31.33 m | 35.27 m | 33.86 m | 134.89 m | 31.30 m | 34.92 m | 33.54 m | 134.06 m | 24.75 m |
Southwest Airlines Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| AirTran Airways | September 28, 2010 | $1.40 b |
| Morris Air | December 14, 1993 | |
| TranStar Airlines | June 25, 1985 | |
| AirTran Airways 717 Leasing Corporation | ||
| AirTran Airways, Inc. | ||
| AirTran Holdings LLC | ||
| AirTran Risk Management Inc. | ||
| Southwest Jet Fuel Co. | ||
| Triple Crown Insurance Co. Ltd. |
Southwest Airlines Revenue Breakdown
Southwest Airlines revenue breakdown by business segment: 92.6% from Passenger and 7.4% from Other
Southwest Airlines Cybersecurity Score
Southwest Airlines Environment, Social & Governance (ESG) Ratings
Southwest Airlines Online and Social Media Presence
2.13m Twitter followers
Southwest Airlines has 2.13m Twitter Followers. The number of followers has decreased 0.8% month over month and decreased 0.8% quarter over quarter
Southwest Airlines's Trends
Twitter Engagement Stats for @SouthwestAir
982.2k
Tweets
1
Following
2.1m
Followers
553
Tweets last 30 days
4
Avg. likes per Tweet
37.8%
Tweets with engagement
Southwest Airlines Company Culture
Overall Culture
A+
80/100
CEO Rating
A+
84/100
Compensation
A+
83/100
Diversity
A-
76/100
Southwest Airlines News and Updates
January 14, 2021
Southwest Airlines Continues Commitment to Combatting Human Trafficking with New Training Curriculum
Southwest Airlines Co. (NYSE: LUV) today renews its support of the global efforts to eliminate Human Trafficking by announcing that additional training curriculum has been launched for Southwest Employees. The curriculum is designed to bring greater awareness to the global problem of Human Trafficki…
December 16, 2020
Southwest Airlines stock falls after November load factor miss, raised daily cash burn outlook
Shares of Southwest Airlines Co. fell 1.2% in premarket trading Wednesday, after the air carrier said November load factor came in below previous expectations and raised its fourth-quarter estimate for average daily cash burn, as the recent spike in COVID-19 cases has led to lower demand and renewe…
December 13, 2020
Southwest Airlines Had a Winning Strategy for Decades. Is It Now Trying the Opposite?
Ask yourself: Are there ways you can expand when others contract?
December 04, 2020
Southwest Airlines warns nearly 13% of workforce at risk of layoffs after punishing year for travel
Air travel is still 40% below last year's levels.
December 03, 2020
Southwest Airlines is preparing to furlough nearly 7,000 workers for the first time in its history
Summary List PlacementNearly 7,000 Southwest Airlines employees are facing furlough in the new year after negotiations to temporarily implement pay cuts broke down.
The Dallas-based airline confirmed to Business Insider that it issued 6,828 Worker Adjustment and Retraining Notifications, also know…
November 24, 2020
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Southwest Airlines Blogs
January 25, 2021
Southwest Airlines Announces Revised Policies For Emotional Support And Trained Service Animals
Southwest Airlines Co. (NYSE: LUV) today announced that, consistent with new regulations from the U.S. Department of Transportation (DOT), the carrier is making changes to its policies regarding trained service animals and emotional support animals. Effective March 1, 2021, the airline will accept …
January 21, 2021
Buy Now! Southwest Airlines Service In Fresno & Santa Barbara To Begin In April 2021 With One-Way Fares As Low As $39
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<p><strong><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3043766-1&amp;h=3935699834&amp;u=https%3A%2F%2Fwww.southwest.com%2Fhtml%2Foffers%2Fnewservice_sale_NonstopConnect_210121.html%3Fsrc%3DPRPRPRNFATandSBASched…
January 21, 2021
Southwest Airlines to Discuss Fourth Quarter and Annual 2020 Financial Results on January 28, 2021
Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its fourth quarter and annual 2020 financial results. Details are as follows:
When:
Thursday, January 28, 2021 at 12:30 PM Eastern Time
Who:
Gary Kelly, Chairman of the Board and Chief Executive Officer
Tom N…
January 19, 2021
Southwest Airlines Celebrates 50th Anniversary with a Nationwide $50 Fare Sale
<p><a href="https://www.southwest.com/html/offers/nationwide_sale_NonstopConnect_210119.html?src=PRPRPRNWGA50Anniv210119" target="_blank"><strong>Southwest Airlines Co.</strong></a> (NYSE: LUV) launched a fare sale today through Feb. 8, 2021, 11:59 p.…
January 15, 2021
Additional Security Measures Implemented for Washington, D.C. Area Operations
<p>The Safety and comfort of our Employees and Customers is always our top priority, both in the airport and onboard our aircraft, and Southwest continues monitoring current events in the Washington, D.C. area. The TSA and other local and federal law enforcement agencies hav…
January 15, 2021
All Rapid Rewards Members Receive Boosts To 2021 Tier-Qualifying Activity; Qualifying Rapid Rewards Companion Pass Holders Receive Extended Benefits
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<p><strong>&nbsp;</strong><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3038813-1&amp;h=1307709257&amp;u=http%3A%2F%2Fwww.southwest.com%2F%3Fsrc%3DPRPRPRN2021CompanionPass210115&amp;a=Southwest+Airl…
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 60,800 employees.
What is Southwest Airlines revenue?
Latest Southwest Airlines annual revenue is $22.4 b.
What is Southwest Airlines revenue per employee?
Latest Southwest Airlines revenue per employee is $368.9 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.
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