Southwest Airlines Co. filings document the operating results, governance, capital structure, and material events of a New York Stock Exchange-listed airline. Its 8-K reports furnish quarterly earnings releases, Regulation FD outlook updates, board changes, and material agreements connected to financing and operating performance.
The company’s regulatory record also includes proxy materials covering director elections, executive compensation, shareholder voting matters, and board governance. Financing-related filings describe senior debt securities, indenture terms, secured credit facilities, aircraft-related collateral, registered common stock, and other obligations that affect Southwest’s capital structure and risk disclosures.
Southwest Airlines Co. (LUV) is the subject of an amended beneficial-ownership report by Franklin Templeton, Inc. Franklin Templeton reported beneficial ownership of 49,730,439 shares, equal to 10.2% of the class, as of September 30, 2026. It reported sole voting power over 49,685,582 shares, sole dispositive power over 49,730,173 shares, and shared dispositive power over 266 shares. Putnam Investment Management, LLC separately reported beneficial ownership of 37,056,435 shares, or 7.6%, including sole voting power over 37,011,944 shares.
The report states that investment companies and managed accounts that are investment-management clients beneficially own the securities; those clients have rights to receive or direct dividends and sale proceeds. Franklin Templeton, Charles B. Johnson, Rupert H. Johnson, Jr., and the investment management subsidiaries disclaim any pecuniary interest in the securities. Johnson and Johnson, Jr. each reported zero beneficial ownership.
Southwest Airlines Co. (LUV) is the issuer in an amended Schedule 13G reporting that Primecap Management Co. beneficially owned 49,003,285 common shares, or 10.02% of the class, as of September 30, 2026. Primecap reported sole voting power over 48,841,406 shares and sole dispositive power over 49,003,285 shares, with no shared voting or dispositive power. The statement identifies Vanguard PRIMECAP Fund as having an interest in more than 5% of Southwest’s total outstanding common stock.
SOUTHWEST AIRLINES CO (LUV) reported that Principal Accounting Officer Jimmy Ryan Martinez acquired 2,697 shares of common stock on September 15, 2026 through an exempt grant of restricted stock units under the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan. These restricted stock units vest in three equal annual installments beginning on September 21, 2027, with each vested unit converting into one share of common stock. Following this grant, Martinez holds 27,941 shares directly and 921 shares indirectly through the issuer's Retirement Savings Plan, and no Rule 10b5-1 trading plan is reported.
SOUTHWEST AIRLINES CO (LUV) reported an insider equity transaction by Principal Accounting Officer Jimmy Ryan Martinez. On 2026-08-21, 179 shares of common stock were delivered or withheld for payment of exercise price or tax liability at $40.38 per share, leaving 25,244 directly held shares. In addition, Martinez has 942 shares held indirectly through a Retirement Savings Plan, with those plan holdings described as exempt transactions.
Southwest Airlines Co. entered into a new $2 billion five-year revolving credit facility with a syndicate of lenders, replacing its prior facility dated August 3, 2016, which had been scheduled to expire on August 4, 2028. The new Revolving Credit Agreement includes an uncommitted accordion feature that could increase total commitments to $3 billion, subject to incremental lender commitments. As of the agreement date, no borrowings are outstanding. Borrowings bear interest at either the Term SOFR Rate (subject to a 1.00% floor) plus a margin of 0.875%–1.625%, or the Alternate Base Rate plus a margin of 0.000%–0.625%, depending on the Company’s Index Debt Rating. The facility is supported by a lien-free pool of specified aircraft and related assets that must maintain an appraised value of at least 1.25 times the total commitments and includes a financial covenant requiring a Coverage Ratio of 1.25 to 1.00, with a one-time option to reduce this to 0.80 to 1.00 for two consecutive fiscal quarters. The facility matures on August 10, 2031, with up to two optional one-year maturity extensions, subject to lender consent.
Southwest Airlines Co. director Varun Krishna reported an acquisition of common stock through an equity award. On 2026-08-10, he received 3,787 shares of common stock coded as a grant, award, or other acquisition at a reported price of $0.00 per share. Following this award, his directly held common stock position stands at 3,787 shares.
Southwest Airlines Co director Krishna Varun filed an initial insider ownership report, indicating no beneficial holdings of the company’s Common Stock as of August 10, 2026. The filing lists a direct ownership line with total shares following the reported position shown as 0.0000.
Southwest Airlines Co. director Jason T. Liberty reported a grant or award of 3,787 shares of Common Stock on 2026-08-10. The acquisition was reported at a price of $0.00 per share and increased his directly held stake to 3,787 shares.
Southwest Airlines Co director Jason T. Liberty filed an initial statement of beneficial ownership on Form 3 for the company’s Common Stock. The filing shows a reported holding entry dated 2026-08-10 with 0 shares of common stock owned directly following the reported position.
Southwest Airlines Co. appointed Varun Krishna and Jason T. Liberty to its Board of Directors, effective August 10, 2026, and expanded the Board to thirteen members. Both are non-employee directors and currently receive an annual cash retainer of $100,000, pro-rated for the June 2026–May 2027 service period, plus extensive flight-related benefits for themselves, spouses, children, and qualified charities.
Non-employee directors are also eligible for equity grants under the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan, with 2026 awards having a grant date value of approximately $170,000, and for retirement payments of $35,000 or $75,000 under the Severance Plan for Directors depending on years of service. Krishna and Liberty have not been appointed to any Board committees and the company states they have no material related-party interests requiring disclosure.