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.
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.
Atherton Lisa M reported acquisition or exercise transactions in this Form 4 filing.
Southwest Airlines Co. director Lisa M. Atherton received a grant of 4,108 shares of Common Stock on May 7, 2026. The award was recorded at a price of $0.00 per share, indicating a compensation-related grant rather than a market purchase. Following this grant, her direct holdings total 15,648 shares.
Southwest Airlines Co. held its Annual Meeting of Shareholders on May 7, 2026, where investors cast votes on board elections, executive pay, and auditors. Shareholders voted on eleven director nominees, with most receiving strong support; for example, Pierre R. Breber received 370,998,884 votes for and 7,870,553 against, while Christopher P. Reynolds received 230,555,780 votes for and 145,944,626 against.
An advisory, non-binding vote on executive compensation received 364,384,778 votes for, 13,450,799 against, and 1,625,281 abstentions, with 62,994,310 broker non-votes. Shareholders also considered a proposal to ratify Ernst & Young LLP as independent auditors for the fiscal year ending December 31, 2026, which received 430,433,346 votes for, 10,943,832 against, and 1,077,990 abstentions.
Southwest Airlines Co ownership filing shows Vanguard Capital Management reports beneficial ownership of 35,624,805 shares of Common Stock, equal to 7.25% of the class as of 03/31/2026. The filing discloses sole dispositive power over 35,624,805 shares and sole voting power over 3,980,173 shares. The filing is signed on 04/30/2026 by Ashley Grim.
Franklin Resources, Inc. reports beneficial ownership of 44,386,408 shares of Southwest Airlines common stock, representing 9.0% of the class as of March 31, 2026. The filing states this ownership aggregates equity previously reported separately for Franklin Mutual Advisers and Brandywine Global after an internal realignment.
The Schedule 13G/A lists Putnam Investment Management, LLC with 33,879,331 shares (6.9%) and itemizes subsidiary voting and dispositive power allocations across several advisory entities. The filing notes the reported shares are held for investment-management clients and that clients retain rights to dividends and sale proceeds.
Southwest Airlines Co. returned to profitability in Q1 2026, reporting net income of $227 million (diluted EPS $0.45) versus a net loss of $149 million a year earlier. Operating revenue rose 12.8% to $7.249 billion, a first‑quarter record, driven largely by new ancillary products such as bag fees and assigned and extra‑legroom seating.
Passenger revenue increased 13.4% to $6.591 billion, with passenger yield up 11.5% and load factor slightly higher at 74.1%. Operating expenses grew only 4.0%, as higher salaries and fuel were partly offset by lower maintenance and other costs, expanding operating income to $330 million from a $223 million loss.
Cash flow from operations strengthened to $1.418 billion, supporting $630 million of capital spending and $1.25 billion of share repurchases plus dividends. Southwest remains fully exposed to fuel price volatility, with Q1 fuel at $2.73 per gallon and significant 2026–2031 Boeing 737 MAX purchase commitments totaling about $14.8 billion.
Southwest Airlines reported a solid turnaround in first quarter 2026, posting net income of $227 million and diluted EPS of $0.45, compared with a loss a year earlier. Operating revenue reached $7.2 billion, up 12.8%, and operating margin improved to 4.6%, an 8.1‑point gain.
The company generated $1.4 billion in operating cash flow and returned over $1.3 billion to shareholders through buybacks and dividends. Record first‑quarter passenger and operating revenues, double‑digit unit revenue growth, and disciplined cost control offset significantly higher fuel costs of $2.73 per gallon.
For second quarter 2026, Southwest guides adjusted EPS to $0.35–$0.65, with unit revenues (RASM) expected to rise 16.5%–18.5% year over year and CASM‑X up 3.5%–4.0%. Management is maintaining a full‑year adjusted EPS goal of $4.00, contingent on fuel prices and revenue performance.
Southwest Airlines Co. director Lisa M. Atherton reported an indirect open-market sale of 118 shares of Common Stock at $37.95 per share on behalf of her spouse, reducing those indirect holdings to zero. She continues to hold 11,540 shares directly after the reported transactions.
Elliott Investment Management filed Amendment No. 14 to its Schedule 13D on Southwest Airlines, disclosing a reduced economic exposure for portfolio management purposes while remaining a significant shareholder. Elliott reports beneficial ownership of 24,308,000 shares of common stock, equal to 4.9% of the class, based on 491,075,748 shares outstanding as of March 11, 2026.
The Elliott funds directly invested approximately $658,076,071 to acquire their common stock position, which may be held in margin accounts. In addition to the shares, the Elliott funds hold cash-settled swaps referencing 1,231,000 shares (about 0.3% of the company) and several Swap Call Options with strike prices of $45.00, $60.00 and $62.50 expiring in April 2026 and June 2026.
Collectively, the swaps and options provide economic exposure comparable to about 3.5% of Southwest’s shares, and Elliott states it has combined economic exposure of approximately 8.5% of shares outstanding. Elliott explains that exposure was reduced for portfolio management reasons but expresses continued confidence in Southwest’s strategic initiatives, profitability goals and shareholder value potential.
Southwest Airlines Co: The Vanguard Group filed Amendment No. 13 to its Schedule 13G/A reporting 0 shares and 0% ownership of Southwest common stock.
The amendment states Vanguard completed an internal realignment on January 12, 2026, after which certain subsidiaries report beneficial ownership separately and Vanguard no longer is deemed to beneficially own securities held by those subsidiaries. The filing is signed on March 27, 2026.