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Founded by Herb Kelleher on Mar 15, 1967, in Dallas.1
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Logo: Lippincott Studio, NY, Public domain, via Wikimedia Commons5
Airline of the United States
Southwest Airlines is a low-cost airline in the United States. It is headquartered in the Love Field neighborhood of Dallas, Texas.3 From Wikipedia, CC BY-SA 4.0
$40.84 up 1.50 (3.80%)Price as of Oct 15, 2026 at 19:45 UTC
Last updated Oct 16, 2026.
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Southwest Airlines is a low-cost airline in the United States. It is headquartered in the Love Field neighborhood of Dallas, Texas. It is the fourth-largest airline in North America when measured by passengers carried, as of 2024. With its all-Boeing 737 fleet, Southwest serves over 100 destinations in 42 states, Washington, D.C., Puerto Rico, and ten other countries and territories near the southern United States in the Gulf of Mexico and Caribbean Sea regions: Aruba, the Bahamas, Belize, the Cayman Islands, Costa Rica, Cuba, the Dominican Republic, Mexico, Jamaica, and Turks and Caicos Islands.3
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue by product, business segment and region, as the company reports it to the SEC.
Passenger Revenue, Non-Loyalty brought in 67% of the revenue Southwest Airlines broke down this way in fiscal 2025.
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Passenger Revenue, Non-Loyalty | $19.1B | $20.5B | $20.4B |
| Passenger Loyalty, Air Transportation | $3.6B | $3.5B | $3.3B |
| Other Revenue | $2.1B | $2.2B | $2.6B |
| Product and Service, Other | $2.3B | $2.3B | $2.4B |
| Passenger Ancillary Sold Separately | $925.0M | $1.0B | $1.8B |
| Cargo and Freight | $175.0M | $175.0M | $171.0M |
North America brought in 97% of the revenue Southwest Airlines broke down this way in fiscal 2025.
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| North America | $25.0B | $26.7B | $27.3B |
| Latin America | $828.0M | $798.0M | $756.0M |
Out of $28.1B in revenue.9
Out of $1.8B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.9
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $22.4B10 | $9.0B11 | $15.8B12 | $23.8B13 | $26.1B9 | $27.5B9 | $28.1B9 |
| Operating income | $3.0B10 | -$3.8B11 | $1.7B12 | $1.0B13 | $224.0M9 | $321.0M9 | $428.0M9 |
| Interest | $118.0M16 | ||||||
| Income tax | $657.0M10 | -$1.2B11 | $348.0M12 | $189.0M13 | $168.0M9 | $133.0M9 | $122.0M9 |
| Net income | $2.3B10 | -$3.1B11 | $977.0M12 | $539.0M13 | $465.0M9 | $465.0M9 | $441.0M9 |
| Earnings per share | $4.2810 | -$5.4411 | $1.6512 | $0.9113 | $0.789 | $0.789 | $0.829 |
| Earnings per share (diluted) | $4.2710 | -$5.4411 | $1.6112 | $0.8713 | $0.769 | $0.769 | $0.799 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $2.5B17 | $11.1B10 | $12.5B11 | $9.5B12 | $9.3B13 | $7.5B9 | $3.2B9 |
| Current assets | $6.0B17 | $15.2B10 | $18.0B11 | $14.8B12 | $14.0B13 | $11.3B9 | $5.6B9 |
| Total assets | $25.9B17 | $34.6B10 | $36.3B11 | $35.4B12 | $36.5B13 | $33.8B9 | $29.1B9 |
| Current liabilities | $9.0B17 | $7.5B10 | $9.2B11 | $10.4B12 | $12.3B13 | $12.3B9 | $10.9B9 |
| Long-term debt | $8.1B11 | $8.0B12 | $6.7B13 | $4.9B9 | |||
| Shareholders’ equity | $9.8B11 | $8.9B12 | $10.4B13 | $10.7B9 | $10.5B9 | $10.3B9 | $8.0B9 |
| Shares outstanding | 552.7M shares18 | 517.3M shares16 | 590.7M shares17 | 592.3M shares10 | 594.3M shares11 | 596.7M shares12 | 592.7M shares13 |
Founded by Herb Kelleher on Mar 15, 1967, in Dallas.1
Who has led Southwest Airlines, and when. Pick a name to see everywhere that person has worked.
Southwest uses a point-to-point system combined with a rolling-hub model in its base cities, in contrast to the hub-and-spoke system of other major airlines. As of June 2026, Southwest Airlines flew to over 100 destinations in 43 states, Puerto Rico, Mexico, Central America, and the Caribbean. This system means that the airline has no real hubs, but rather some airports with more destinations than others.
Southwest currently has interline agreements with the following airlines:
Air Premia
All Nippon Airways
China Airlines
Condor
EVA Air
Icelandair
Polish Airlines LOT
Philippine Airlines
Singapore Airlines
Turkish Airlines
From Wikipedia’s article on Southwest Airlines, shared under CC BY-SA 4.0.7
From Wikidata.1
Southwest Airlines has been involved in the following accidents:
March 5, 2000 – Flight 1455: A Boeing 737-300 (registration N668SW) overran the runway upon landing at Burbank Airport in California, injuring 44 people. The captain was later dismissed, and the aircraft was damaged beyond repair. Two people were seriously injured, and 42 had minor injuries.
August 11, 2000 – Flight 1763: A Boeing 737-700 (registration N798SW) en route from Las Vegas, Nevada, to Salt Lake City, Utah, experienced an air rage incident in which a passenger attempted to storm the cockpit. He was restrained by other passengers but died of asphyxiation during the struggle. One other passenger sustained a minor injury.
December 8, 2005 – Flight 1248: A Boeing 737-700 (registration N471WN) overran the runway during landing at Chicago Midway International Airport in Illinois during heavy snow, striking several cars on a nearby street and killing a six-year-old boy. Several passengers and people on the ground were injured. One person on the ground was killed, nine others were seriously injured, and three people on board sustained minor injuries.
July 13, 2009 – Flight 2294: A Boeing 737-300 (registration N387SW) operating from Nashville International Airport to Baltimore/Washington International Airport diverted to Yeager Airport in Charleston, West Virginia, after a hole formed in the fuselage near the tail, causing cabin depressurization. The aircraft landed safely and was later repaired. No injuries were reported. Following the incident, Boeing issued a service bulletin recommending additional inspections to detect potential cracking in this area of the fuselage skin. The U.S. Federal Aviation Administration (FAA) subsequently issued an airworthiness directive mandating these inspections for all Boeing 737 Classic aircraft.
April 1, 2011 – Flight 812: A Boeing 737-300 (registration N632SW) diverted to Yuma International Airport after a hole appeared in the fuselage while en route from Phoenix Sky Harbor International Airport to Sacramento International Airport. The aircraft landed safely. Two passengers sustained minor injuries. The incident was similar to Flight 2294 and prompted the FAA to issue a second airworthiness directive requiring more frequent inspections.
July 22, 2013 – Flight 345: A Boeing 737-700 (registration N753SW) suffered a hard landing at New York's LaGuardia Airport after a flight from Nashville International Airport. The nose gear collapsed and penetrated the electronics bay, causing the aircraft to slide off the runway. The captain was dismissed, and the aircraft was scrapped. Ten passengers sustained minor injuries.
August 4, 2016 – Flight 149: A Boeing 737-300 (registration N368SW) suffered a nose gear collapse during pushback at Baltimore/Washington International Airport after a tug operator exceeded safe towing speed. The aircraft sustained severe damage and was written off. No one was injured.
August 27, 2016 – Flight 3472: A Boeing 737-700 (registration N766SW) suffered an uncontained engine failure while en route from New Orleans to Orlando, damaging the engine nacelle and fuselage. The aircraft diverted safely to Pensacola International Airport. No one was injured.
April 17, 2018 – Flight 1380: A Boeing 737-700 (registration N772SW) suffered an uncontained engine failure while en route from New York–LaGuardia to Dallas, causing debris to shatter a window. Cabin depressurization partially ejected a passenger, who later died from her injuries. Eight other passengers sustained minor injuries.
In October 2019, a Southwest flight attendant filed a lawsuit against the airline, claiming that two pilots had livestreamed footage from a camera hidden in the plane's toilet to an iPad, and that one of the pilots said that such cameras were a "top-secret security measure" installed in all of the airline's 737-800 aircraft. Southwest and the pilot union stated that the film was a hoax and a "poor attempt at humor" by one of the pilots, who had previously recorded himself on a different aircraft, fully clothed.
In February 2020, a report conducted by the DOT inspector general found that Southwest was flying airplanes with safety concerns and that the Federal Aviation Administration was failing to properly oversee the airline.
Citing four whistleblowers, federal investigators with the US Office of Special Counsel released a report on July 27, 2022, that follows up on the 2020 DOT inspector general's report. The 2022 report claims that Southwest stonewalled Federal Aviation Administration (FAA) investigations into maintenance and piloting safety lapses, and criticized the FAA for failing to adequately oversee the airline, stating that senior FAA staff "mismanaged and interfered" with investigations "in the face of SWA's intimidation tactics". The report accuses Southwest of misusing the FAA's Aviation Safety Action Program (ASAP) to hide pilot errors, while accusing the FAA of failing to adequately oversee Southwest's mechanics, and of failing to adequately vet maintenance records provided by the airline for forty-nine 737 aircraft purchased from foreign carriers whose documentation practices did not meet FAA standards.
The airline experienced severe delays and thousands of flight cancellations starting on December 21, 2022, and continuing through Christmas. Many cancellations were due to bad weather from the severe late December winter storm across much of the United States, but industry experts and SWAPA also blamed inadequate staffing and the airline's "outdated" employee scheduling system, citing reports of pilots awaiting work assignments for up to eight hours. On December 26, the airline initiated a massive system "reset", preemptively canceling thousands of flights and halting ticket sales over concerns that travelers might buy tickets for flights that were subsequently canceled.
In December 2023, the airline reached a settlement with the United States Department of Transportation for a record-breaking $140 million fine, exceeding the previous record by a factor of roughly 30. The financial impact from the crisis exceeded $1.1 billion in losses. The settlement included a $35 million fine payable directly to the federal government. However, USDOT waived the final $11 million payment of the fine.
From Wikipedia’s article on Southwest Airlines, shared under CC BY-SA 4.0.7
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
The numbers on this page point here. Each one links to the record it came from.