Welcome to our dedicated page for Southwest Airls Co SEC filings (Ticker: LUV), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Southwest Airlines Co. (NYSE: LUV) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. As a public company in the Scheduled Passenger Air Transportation industry, Southwest uses these filings to report material events, financial results, capital markets transactions, and other information relevant to shareholders and bondholders.
Among the key documents are Form 10-K annual reports and Form 10-Q quarterly reports, which detail Southwest’s operating performance, risk factors, and management discussion and analysis. Investors can also review Form 8-K current reports, where Southwest discloses items such as earnings releases, updates to earnings expectations, new debt offerings, share repurchase authorizations, and other material definitive agreements. For example, recent 8-K filings describe the pricing and completion of senior notes offerings and revisions to projected earnings before interest and taxes (EBIT) in response to changes in demand and fuel costs.
This page also surfaces other SEC exhibits referenced in Southwest’s 8-Ks, such as underwriting agreements and forms of notes related to debt issuances. While insider trading reports on Form 4 and proxy statements on Schedule 14A are not summarized in the text above, they are part of the broader SEC record that investors often consult to understand executive share transactions and governance matters.
Stock Titan enhances these filings with AI-powered summaries that help explain complex legal and financial language, highlight key terms in lengthy documents like 10-Ks and 10-Qs, and point out notable changes across reporting periods. Real-time updates from EDGAR ensure that new Southwest filings appear promptly, allowing users to track capital structure changes, performance disclosures, and other regulatory information related to LUV without reading every line of the original documents.
Southwest Airlines Co. reported that directors C. David Cush and Gregg A. Saretsky have each submitted their resignations from the Board of Directors, effective February 23, 2026. The company stated that neither departure is due to any disagreement regarding its operations, policies, or practices.
Southwest Airlines Co. filed Amendment No. 1 to its Annual Report on Form 10-K for the year ended December 31, 2025. The sole purpose of this 10-K/A is to correct the hyperlink for Exhibit 3.2, which contains the Fifth Amended and Restated Bylaws effective May 16, 2025.
The amendment does not update or change any other disclosures from the original Form 10-K, which continue to speak as of their original filing date. The filing also includes refreshed CEO and CFO certifications required under Section 302 of the Sarbanes-Oxley Act.
Southwest Airlines Co. outlines how it is reshaping its business in 2025 to improve profitability and customer appeal while managing rising labor and fuel costs. The carrier operated 803 Boeing 737 aircraft serving 117 destinations across the U.S. and ten near‑international countries.
Key 2025 initiatives included launching assigned and extra‑legroom seating (effective January 27, 2026), adding redeye flights for 24‑hour operations, expanding distribution through Expedia, Priceline, Google Flights, Kayak, and Skyscanner, and creating new global airline partnerships with six international carriers.
Southwest ended its fuel hedging program, continued a major fleet modernization with 55 additional 737‑8 deliveries and 48 retirements of older 737‑700s, and invested heavily in digital tools, in‑seat power, larger overhead bins, and a revamped Rapid Rewards program. A February 2025 workforce reduction targeting about 1,750 roles and a focus on automation and process efficiency support its cost discipline and investment‑grade balance sheet strategy.
Elliott Investment Management filed Amendment No. 12 to its Schedule 13D on Southwest Airlines, reporting beneficial ownership of 46,600,000 shares of common stock, equal to 9.0% of the outstanding shares based on 517,155,080 shares as of October 22, 2025.
The Elliott funds’ directly held Southwest shares have an aggregate purchase cost of approximately
In addition to the shares, the Elliott funds hold cash-settled swap agreements referencing 1,938,000 shares, representing economic exposure comparable to 0.4% of the stock, and 70,000 option contracts exercisable into additional cash-settled swaps with a
Franklin Resources and affiliates report a significant investment position in Southwest Airlines. As of December 31, 2025, they may be deemed to beneficially own 40,200,530 shares of Southwest Airlines common stock, representing 7.8% of the outstanding class.
The stake is held through multiple investment management subsidiaries, including Putnam Investment Management, LLC, The Putnam Advisory Company, LLC, Franklin Advisers, Inc., Franklin Advisory Services, LLC and Fiduciary Trust entities, for the benefit of their clients. The filing states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Southwest Airlines.
Southwest Airlines Co. submitted a current report to furnish, rather than file, its latest earnings information. On January 28, 2026, the company issued an Earnings Press Release detailing its financial results for the fourth quarter and full year 2025, which is attached as Exhibit 99.1.
The report classifies this disclosure under results of operations and financial condition and specifies that the press release is not subject to certain Exchange Act liabilities nor automatically incorporated into other securities filings, unless specifically referenced.
Elliott Investment Management filed Amendment No. 11 to its Schedule 13D on Southwest Airlines, reporting beneficial ownership of 51,128,500 common shares, or 9.9% of the company, with sole voting and dispositive power. These shares were acquired at an aggregate cost of approximately $1.37 billion, and the percentage is based on 517,155,080 shares outstanding as of October 22, 2025.
Elliott Funds also hold cash-settled swap agreements referencing 16,365,000 Southwest shares, providing additional economic exposure comparable to about 3.2% of the stock and bringing total combined economic exposure to roughly 13.1% of the outstanding common shares. Elliott states it has reduced the Elliott Funds’ economic exposure for portfolio management purposes but intends for the funds to remain significant shareholders, citing confidence that Southwest’s ongoing strategic initiatives can lead to higher profitability, attractive capital-allocation opportunities and shareholder value creation.
Southwest Airlines Co. executive Lauren Tauscher Woods reported her beneficial ownership of company stock. As of the reporting date, she directly owned 34,684.492 shares of Southwest common stock. This total includes 24,015 restricted stock units granted under the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan, each convertible into one share of common stock upon vesting.
The restricted stock units are scheduled to vest over three years, with 11,593 shares vesting on February 21, 2026, 8,281 shares vesting on February 21, 2027, and 4,141 shares vesting on February 21, 2028. Woods serves as Executive Vice President and Chief Information Officer of Southwest Airlines, and this filing discloses her equity holdings as required for company insiders.
Southwest Airlines Co. reported an insider stock sale by a senior executive. Executive Vice President of Operations Justin Jones sold 8,085 shares of Southwest common stock on 12/05/2025 at a price of $37.36 per share. After this transaction, he beneficially owns 61,860 shares of Southwest stock directly. This type of transaction is a routine disclosure of insider trading activity and shows how a key executive’s personal holdings in the company have changed.
LUV filed a notice under Rule 144 for a proposed sale of 8,085 common shares through Fidelity Brokerage Services on the NYSE, with an aggregate market value of $302,055.60. The planned sale date is approximately 12/05/2025, and the issuer reports 517,155,080 shares outstanding.
The shares were acquired as restricted stock compensation that vested on four dates: 2,264 shares on 02/21/2021, 1,380 shares on 02/21/2022, 1,018 shares on 02/21/2023, and 3,423 shares on 02/21/2024, all from the issuer as compensation rather than cash purchases. The seller represents that they are not aware of any undisclosed material adverse information about the issuer and acknowledges that intentional misstatements or omissions would be a federal criminal violation.