The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

LUV

Concerning the House

Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and internationally. It also provides Rapid Rewards loyalty program; SWABIZ, an online booking tool; and inflight entertainment platform that includes movies-on-demand live and on-demand television, flight tracker, and additional curated content, as well as a variety of premium snacks and coffee. In addition, the company offers ancillary services, such as in-flight purchases, baggage fees, EarlyBird Check-In, and upgraded boarding, as well as transportation of pets and unaccompanied minors. As of December 31, 2025, the company operated a total fleet of 803 Boeing 737 aircraft; and served 117 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. Southwest Airlines Co. was incorporated in 1967 and is headquartered in Dallas, Texas.

United States · www.southwest.com

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$26.09B+5.9%
Operating income$224.00M-8.1%
Net income$441.00M+11.3%
Cash from ops$3.16B+5.2%
Quotation

$44.87

-0.11 (-0.2%)

52w hi$54.33
52w lo$29.29
Vol2.77M
As ofAug 13
The Verdict

Hold

Our score +0.30

Short+0.26
Medium+0.33
Long+0.33

computed 2026-08-13

By the Numbers

Southwest Airlines Co.

Industrials · Airlines

Market cap$21.95B
Enterprise value$25.10B
Trailing P/E28.04x
Forward P/E9.07x
EV / EBITDA10.74x
P / S (ttm)0.73x
Profit margin2.8%
Return on equity11.1%
Revenue growth+16.4%
Earnings growth+20.5%
Debt / equity97.28
Risk Metrics
Beta vs SPX1.34
Corr SPX0.51
Annual vol42.5%
Annual ret+37.7%
Sharpe0.89
Max DD-33.8%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.29
Sector+0.07
Technical+0.22
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$45.84$45.90$44.85$44.872.77M
Aug 12$45.85$45.96$44.57$44.983.00M
Aug 11$45.20$45.89$44.97$45.523.37M
Aug 10$46.29$46.45$44.78$44.905.58M
Aug 7$46.92$47.27$46.25$47.053.76M