Southwest Airlines Co. (LUV) Stock Price, Quote & News

NYSE: LUV · IEX Real-Time Price · USD

28.36

+0.30 (1.09%)

Jun 12, 2024, 11:52 AM EDT - Market open

1.09% (1D)

Market Cap	16.97B
Revenue (ttm)	26.71B
Net Income (ttm)	393.00M
Shares Out	598.46M
EPS (ttm)	0.61
PE Ratio	46.26
Forward PE	20.66
Dividend	$0.72 (2.54%)
Ex-Dividend Date	Jun 18, 2024

Volume	3,283,179
Open	28.26
Previous Close	28.05
Day's Range	28.12 - 28.77
52-Week Range	21.91 - 39.53
Beta	1.14
Analysts	Hold
Price Target	30.58 (+7.85%)
Earnings Date	Jul 25, 2024

About LUV

Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. It al... [Read more]

Industry Airlines

Sector Industrials

Founded 1967

Employees 74,806

Stock Exchange NYSE

Ticker Symbol LUV

Full Company Profile

Financial Performance

In 2023, LUV's revenue was $26.09 billion, an increase of 9.56% compared to the previous year's $23.81 billion. Earnings were $465.00 million, a decrease of -13.73%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for LUV stock is "Hold." The 12-month stock price forecast is $30.58, which is an increase of 7.85% from the latest price.

Price Target

$30.58

(7.85% upside)

Analyst Consensus: Hold

Stock Forecasts

News

Southwest CEO will not resign, will consider input from activist investor Elliott

Southwest Airlines CEO Bob Jordan said on Wednesday he will not resign as the air carrier faces pressure from activist investor Elliott Investment Management, with it already considering amendments to...

54 minutes ago - Reuters

Southwest CEO vows change as activist investor pushes for new leadership

Southwest Airlines CEO Bob Jordan said the company is ready to adapt to changing customer trends like premium seating as demand shifts. Jordan's comments came days after hedge fund Elliott Management ...

55 minutes ago - CNBC

SOUTHWEST AIRLINES COMMENTS ON LETTER AND PRESENTATION FROM ELLIOTT INVESTMENT MANAGEMENT

DALLAS , June 10, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today reiterated its willingness to meet with Elliott Investment Management L.P. ("Elliott") to further discuss the airline'...

1 day ago - PRNewsWire

Elliott doesn't want to run an airline, just want change: Fmr. United CEO on $2B Southwest stake

Oscar Munoz, Former United Airlines CEO, joins 'Closing Bell Overtime' to talk activist investor Elliott Management's new stake in Southwest airlines.

1 day ago - CNBC Television

S&P 500 Gains and Losses Today: Southwest Airlines Soars as Activist Pushes for Change

Major U.S. equities indexes ticked higher to kick off a new trading week that will see the Federal Reserve take center stage with its latest policy decision set to be announced Wednesday.

1 day ago - Investopedia

Three-Stock Lunch: Adobe, Southwest Airlines and Krispy Kreme

James Demmert, Main Street Research CIO, joins 'Power Lunch' to discuss stock plays for three stocks, including Adobe, Southwest Airlines, and Krispy Kreme.

Other symbols: ADBEDNUT

1 day ago - CNBC Television

An activist investor with a new $1.9 billion stake in Southwest is calling for big changes at the airline

Elliott Investment Management has called for changes at Southwest Airlines to fix what it says is poor performance. Southwest's share price has plummeted over 50% in three years, below March 2020 leve...

1 day ago - Business Insider

SOUTHWEST AIRLINES CELEBRATES WANNA GET AWAY WEEK WITH EXCLUSIVE OFFERS AND WEEK-LONG SWEEPSTAKES

Airline launches early access to one of the biggest sales of the year for Rapid Rewards Members, followed by a four-day window for all Customers. Wanna Get Away Day Sweepstakes offers daily prizes, in...

1 day ago - PRNewsWire

Activist investor slams Southwest Airlines CEO, board for ‘poor execution,' seeks new leaders

lliott, known for pushing for change to boost shareholder returns, saidSouthwestCEO Bob Jordan has delivered "unacceptable" financial and operational performance quarter after quarter.

1 day ago - New York Post

What's Next For Southwest Stock After Elliott Management Builds Up A $2 Billion Position?

Southwest Airlines (NYSE: LUV) stock will be in focus on Monday, June 10, after reports of Elliott Management building a position of $2 billion in the airline has emerged. Elliott Management is known ...

1 day ago - Forbes

Southwest Shares Jump After Activist Fund Buys 11% Stake—And Calls For CEO's Ouster

Shares of Southwest Airlines rose 9% on Monday and headed toward their largest single-day gain in nearly four years, after activist firm Elliott Investment Management announced a nearly $2 billion sta...

2 days ago - Forbes

Southwest Airlines Stock Soars on Elliott Investment Stake

Elliott Investment Management revealed a massive stake in Southwest Airlines and plans to push for several changes. Here's what you need to know.

2 days ago - Kiplinger

Southwest shares jump after activist Elliott buys $2B stake

Elliott Investment Management on Monday told Southwest it should make leadership changes and take other actions, arguing the carrier needed to improve its financial performance.

2 days ago - Fox Business

Southwest Stock Takes Off as Elliott Calls for Shakeup of Airline

Southwest Airlines (LUV) shares flew higher Monday after activist investor Elliott Investment Management announced it had taken a $1.9 billion stake in the airline and called for a shakeup of the comp...

2 days ago - Investopedia

Elliott takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO and chair

Activist Elliott Management has a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the struggling company. The stake makes Elliott one of Southwest's largest shareh...

2 days ago - CNBC

Elliott Sends Letter and Presentation to the Board of Southwest Airlines

Discloses Approximately $1.9 Billion Position Calls for Upgraded Leadership and Comprehensive Business Review Believes Southwest Stock Can Achieve $49 per Share, a 77% Return Full Letter and Presentat...

2 days ago - PRNewsWire

Morning Minute: Monday, June 10

Southwest Airlines (LUV) faces a new activist investor, Apple (AAPL) begins its WWDC event and Nvidia (NVDA) starts trading after its 10-for-1 stock split. #southwestairlines #luv #apple #aapl #wwdc #...

Other symbols: AAPLNVDA

2 days ago - Schwab Network

Activist investor Elliott calls for Southwest Airlines leadership, board changes

Elliott Investment Management called for leadership and board changes at Southwest Airlines after reporting a stake worth about $1.9 billion in the U.S. carrier, saying the company needs fresh perspec...

2 days ago - Reuters

Southwest Airlines Gets an Activist. Why Elliott Can Only Help Fix Half Its Problems.

Elliott Investment Management has built a stake worth nearly $2 billion in Southwest, making it one of the airline's largest shareholders, the Wall Street Journal reported,

2 days ago - Barrons

Elliott Investment Management Builds Nearly $2 Billion Stake in Southwest Airlines: WSJ

Elliott Investment Management has reportedly built a nearly $2 billion stake in Southwest Airlines, which would make the activist firm one of the largest investors in the airline. Sid Phillip reports ...

2 days ago - Bloomberg Markets and Finance

9 days ago - CNBC

Southwest Airlines Co. (LUV) Stock Price, Quote & News - Stock Analysis (2024)