
Insider and congress filings
Southwest Airlines Co. (LUV)
NYSE · Industrials · 308 insider transactions · 83 congress trades · last filed 1 month agoS&P 500
About Southwest Airlines Co.
from the company's filings and listing, as of Oct 24, 2026- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- Chief executive
- Robert E. Jordan
- Employees
- 73,092
- Listed since
- -
- Market value
- $20.4B
- Price to earnings (12 mo)
- 19.8
- Net income per share, as reported (12 mo)
- $2.15
- Dividend yield
- 1.72%
Earnings
6 reported quarters · next on Jan 27, 2027| Quarter | EPS | EPS expected | Revenue | Revenue expected | Result |
|---|---|---|---|---|---|
| Q3 FY2026reported Oct 21, 2026 | $0.66 | $0.57 | $8.4B | $8.3B | EPS beatRevenue beat |
| Q2 FY2026reported Jul 22, 2026 | $0.94 | $0.51 | $8.4B | $8.6B | EPS beatRevenue miss |
| Q1 FY2026reported Apr 22, 2026 | $0.45 | $0.47 | $7.2B | $7.3B | EPS miss, GAAPRevenue in line |
| Q4 FY2025reported Jan 28, 2026 | $0.58 | $0.57 | $7.4B | $7.5B | EPS beatRevenue in line |
| Q3 FY2025reported Oct 22, 2025 | $0.11 | -$0.04 | $6.9B | $6.9B | EPS beat, GAAPRevenue in line |
| Q2 FY2025reported Jul 23, 2025 | $0.43 | $0.51 | $7.2B | $7.3B | EPS missRevenue in line |
Actual against the consensus estimate at the time. A flag marks a beat or a miss of more than 1.5% either way; inside that band the quarter is in line. A flag marked GAAP compares a GAAP figure the company reported with an adjusted consensus, two different measures, so a one-time gain or charge can move it either way. A flag reads n/a only when a number is missing. Quarterly EPS is the figure set against the consensus, usually adjusted, so the quarters need not add up to the 12-month net income per share above. An estimate is a forecast made by analysts, not a company target.
Executive pay
as filed for fiscal 2025 · proxy filed Mar 27, 2026| Executive | Salary | Stock awards | Other | Total |
|---|---|---|---|---|
| Robert E. JordanChief Executive Officer & President | $845K | $13.1M | $2.7M | $16.6M |
| Tom DoxeyExecutive Vice President & Chief Financial Officer | $467K | $7.3M | $1.4M | $9.1M |
| Andrew M. WattersonChief Operating Officer | $676K | $6.6M | $1.5M | $8.8M |
| Justin JonesExecutive Vice President Operations | $536K | $4.1M | $1.0M | $5.6M |
| Anthony RoachExecutive Vice President Chief Customer & Brand Officer | $490K | $3.7M | $792K | $4.9M |
The summary compensation table from the proxy statement for fiscal 2025, with titles as filed then. 1 executive who has since left the company is named in that filing and not shown here. Read the filing
Institutional holders
13F positions as of Jun 30, 2026| Holder | Value | Shares | Shares vs prior qtr | % of shares out |
|---|---|---|---|---|
| Primecap Management Co | $2.5B | 48,797,725 | +3.7% | 9.88% |
| Franklin Templeton Inc | $2.4B | 46,578,090 | +4.9% | 9.43% |
| Vanguard Capital Management LLC | $1.6B | 31,614,180 | -0.1% | 6.40% |
| BlackRock, Inc. | $1.5B | 29,917,962 | +4.7% | 6.06% |
| State Street Corp | $1.5B | 29,326,975 | -0.7% | 5.89% |
| Elliott Investment Management L.P. | $1.2B | 24,308,000 | -19.9% | 4.92% |
| Vanguard Portfolio Management LLC | $1.2B | 23,999,965 | +3.8% | 4.86% |
| T. Rowe Price Associates, Inc. | $715.0M | 13,905,409 | +0.1% | 2.81% |
| Geode Capital Management, LLC | $653.9M | 12,739,007 | -1.8% | 2.58% |
| Ameriprise Financial Inc | $554.0M | 10,777,353 | +7.9% | 2.18% |
| Goldman Sachs Group Inc | $535.2M | 10,409,159 | +195.8% | 2.11% |
| FMR LLC | $494.7M | 9,621,712 | -1.5% | 1.95% |
A 13F reports long US equity positions and is filed within 45 days of the quarter end, so these are positions as they stood on Jun 30, 2026. For a manager's whole book see the fund directory. What a 13F covers and leaves out is explained in our guide to Form 13F.
Open-market insider trades
12 filings shown · newest filing first| Insider | Action | Shares | Price | Value | Trade date | Delay (business days) |
|---|---|---|---|---|---|---|
| Lisa M. AthertonDirector | Sold | 118 | $37.95 | $4K | Apr 7, 2026filed Apr 8, 2026 | 1d |
| Justin JonesEVP Operations | Sold | 8,085 | $37.36 | $302K | Dec 5, 2025filed Dec 8, 2025 | 1d |
| Gregg A. SaretskyDirector | Bought · 2 lines | 3,345 | $30.03 | $100K | Aug 6, 2025filed Aug 7, 2025 | 1d |
| Sarah FeinbergDirector | Bought · 2 lines | 1,500 | $30.01 | $45K | Aug 5, 2025filed Aug 7, 2025 | 2d |
| Gregg A. SaretskyDirector | Bought | 3,670 | $27.29 | $100K | Apr 30, 2025filed May 1, 2025 | 1d |
| Pierre R. BreberDirector | Bought · 11 lines | 7,200 | $26.92 | $194K | Apr 29, 2025filed Apr 30, 2025 | 1d |
| David P. HessDirector | Bought | 7,500 | $26.52 | $199K | Apr 28, 2025filed Apr 29, 2025 | 1d |
| Sarah FeinbergDirector | Bought | 500 | $31.48 | $16K | Mar 14, 2025filed Mar 14, 2025 | 0d |
| Christopher P. ReynoldsDirector | Bought | 3,258 | $30.68 | $100K | Mar 13, 2025filed Mar 14, 2025 | 1d |
| Patricia A. WatsonDirector | Bought | 3,268 | $30.58 | $100K | Mar 13, 2025filed Mar 14, 2025 | 1d |
| C. David CushDirector | Bought | 5,000 | $30.03 | $150K | Mar 12, 2025filed Mar 14, 2025 | 2d |
| Lisa M. AthertonDirector | Bought | 118 | $31.28 | $4K | Jan 30, 2025filed Mar 10, 2025 | 26d |
One row is one filing, newest filing first. A filing that reported its trade in several tranches is summed, priced at the weighted average, and marked with its line count. The delay counts business days from the trade to the filing, the unit of Form 4's two business day deadline: weekends and federal holidays are skipped. How the filing itself works is explained in our guide to Form 4.
Other Form 4 activity (20)
| Insider | Event | Shares | Date |
|---|---|---|---|
| Jimmy Ryan MartinezPrincipal Accounting Officer | Stock award | 2,697 | Sep 15, 2026 |
| Jimmy Ryan MartinezPrincipal Accounting Officer | Tax withholding | 179 | Aug 21, 2026 |
| Jason T. LibertyDirector | Stock award | 3,787 | Aug 10, 2026 |
| Varun KrishnaDirector | Stock award | 3,787 | Aug 10, 2026 |
| Tom DoxeyEVP, Chief Financial Officer | Stock award | 6,316 | Aug 5, 2026 |
| Robert E. JordanCEO & President | Stock award | 28,321 | Aug 5, 2026 |
| Andrew M. WattersonChief Operating Officer | Stock award | 2,995 | Aug 5, 2026 |
| Lauren Tauscher WoodsEVP & CIO | Stock award | 7,598 | Aug 5, 2026 |
| Anthony RoachChief Customer & Brand Officer | Stock award | 9,506 | Aug 5, 2026 |
| Justin JonesEVP & Chief Commercial Officer | Stock award | 8,568 | Aug 5, 2026 |
| Lisa M. AthertonDirector | Stock award | 4,108 | May 7, 2026 |
| Patricia A. WatsonDirector | Stock award | 4,108 | May 7, 2026 |
| Christopher P. ReynoldsDirector | Stock award | 4,108 | May 7, 2026 |
| David P. HessDirector | Stock award | 4,108 | May 7, 2026 |
| David GrissenDirector | Stock award | 4,108 | May 7, 2026 |
| Robert L. FornaroDirector | Stock award | 4,108 | May 7, 2026 |
| Sarah FeinbergDirector | Stock award | 4,108 | May 7, 2026 |
| Pierre R. BreberDirector | Stock award | 4,108 | May 7, 2026 |
| Douglas H. BrooksDirector | Gift | 1,836 | Dec 2, 2025 |
| Douglas H. BrooksDirector | Stock award | 4,108 | May 7, 2026 |
Awards, option exercises, shares withheld to cover tax and gifts all file on the same form as a purchase or a sale. None of them is a decision to trade, so they sit here rather than beside the ones that are.
Congress trades in LUV
20 disclosures of 83 on record · median 24d of the 45 allowedSince the trade: the stock's move from the trade date to the latest close we hold (figures as of Oct 25, 2026), not the member's result. Not investment advice.
| Member | Type | Action | Amount disclosed | Stock since the trade | Trade date | Disclosed | Delay |
|---|---|---|---|---|---|---|---|
| Matthew Van Epps | Stock | Sale | $1,001 - $15,000 | -12.0%After the saleS&P 500 +1.3% · -13.3 pts vs S&P 500 | Jun 16, 2026 | Jun 17, 2026 | 1d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +7.7%S&P 500 +5.4% · +2.3 pts vs S&P 500 | May 1, 2026 | Jun 9, 2026 | 39d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | -4.4%After the saleS&P 500 +1.3% · -5.7 pts vs S&P 500 | May 27, 2026 | Jun 9, 2026 | 13d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +6.5%S&P 500 +11.4% · -4.8 pts vs S&P 500 | Apr 13, 2026 | May 11, 2026 | 28d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | -23.1%After the saleS&P 500 +10.0% · -33.0 pts vs S&P 500 | Feb 6, 2026 | Mar 9, 2026 | 31d |
| Gilbert Ray Cisneros, Jr. | Stock | Purchase | $1,001 - $15,000 | +33.0%S&P 500 +17.4% · +15.6 pts vs S&P 500 | Sep 5, 2025 | Oct 10, 2025 | 35d |
| Gilbert Ray Cisneros, Jr. | Stock | Sale | $1,001 - $15,000 | +39.5%After the saleS&P 500 +21.0% · +18.5 pts vs S&P 500 | Aug 5, 2025 | Sep 12, 2025 | 38d |
| Gilbert Ray Cisneros, Jr. | Stock | Purchase | $1,001 - $15,000 | +22.5%S&P 500 +21.5% · +1.1 pts vs S&P 500 | Jul 3, 2025 | Aug 14, 2025 | 42d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +63.6%S&P 500 +42.0% · +21.6 pts vs S&P 500 | Apr 23, 2025 | May 12, 2025 | 19d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +38.3%After the saleS&P 500 +23.9% · +14.3 pts vs S&P 500 | Feb 19, 2025 | Mar 6, 2025 | 15d |
| Gilbert Ray Cisneros, Jr. | Stock | Sale | $1,001 - $15,000 | +36.0%After the saleS&P 500 +27.8% · +8.3 pts vs S&P 500 | Feb 26, 2025 | Mar 6, 2025 | 8d |
| Gilbert Ray Cisneros, Jr. | Stock | Purchase | $1,001 - $15,000 | +29.8%S&P 500 +25.0% · +4.8 pts vs S&P 500 | Jan 24, 2025 | Feb 11, 2025 | 18d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +30.1%S&P 500 +27.1% · +2.9 pts vs S&P 500 | Jan 17, 2025 | Feb 6, 2025 | 20d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +30.4%After the saleS&P 500 +27.3% · +3.0 pts vs S&P 500 | Nov 12, 2024 | Dec 5, 2024 | 23d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +37.5%S&P 500 +30.1% · +7.4 pts vs S&P 500 | Oct 14, 2024 | Nov 8, 2024 | 25d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +76.2%After the saleS&P 500 +47.0% · +29.2 pts vs S&P 500 | Aug 5, 2024 | Sep 6, 2024 | 32d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +63.7%S&P 500 +44.4% · +19.2 pts vs S&P 500 | May 29, 2024 | Jun 5, 2024 | 7d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +76.2%After the saleS&P 500 +74.9% · +1.3 pts vs S&P 500 | Nov 3, 2023 | Dec 6, 2023 | 33d |
| Ro Khanna | Stock | Purchase | $1,001 - $15,000 | +87.8%S&P 500 +81.8% · +6.0 pts vs S&P 500 | Oct 31, 2023 | Nov 8, 2023 | 8d |
| Ro Khanna | Stock | Sale | $1,001 - $15,000 | +39.3%After the saleS&P 500 +70.4% · -31.1 pts vs S&P 500 | Sep 6, 2023 | Oct 6, 2023 | 30d |
Since the trade is an estimate, set beside the S&P 500 over the same window, with the gap between the two in percentage points. The filing carries a band, not a fill, and a sale keeps the stock's sign, so a positive figure after a sale means the stock kept rising after it. An option row carries the underlying stock's move. A row marked n/a is one we hold no figure for.
A delay above 45 days is the gap between the dates on the report; we mark a filing late only after checking it.
"Not captured" means the band or the transaction type on the original report is missing from our data.
"Dates conflict" marks a row whose disclosure is dated before its trade on the record we hold. Both dates are printed as filed, and no since-the-trade figure is computed from them.
Every Congress trade in LUV, filterable by party, chamber, type and account.
Members of Congress reporting a position
7 members · estimate, as of Oct 23, 20267 members report a position (estimated). The largest estimated position is in the $250,001 - $500,000 band.
| Member | Party, chamber | Estimated position | Share of their portfolio |
|---|---|---|---|
| Pat Fallon | Republican · House | $250,001 - $500,000 | 13.8% |
| J. French Hill | Republican · House | $15,001 - $50,000 | 0.2% |
| Troy Downing | Republican · House | $15,001 - $50,000 | 4.4% |
| Mark Harris | Republican · House | $15,001 - $50,000 | 0.8% |
| Rand Paul | Republican · Senate | $1,001 - $15,000 | 42.0% |
| Gilbert Ray Cisneros, Jr. | Democrat · House | $1,001 - $15,000 | <0.1% |
| Jimmy Patronis | Republican · House | $1,001 - $15,000 | 0.4% |
Estimate, as of Oct 23, 2026. Each position is modelled from the member's disclosed transactions and annual filings: the midpoint of each disclosed band, moved with the stock's price since the trade. It is a rough estimate of a reported position, not a figure from a filing, which is why it is shown as a band. Share of portfolio sets that estimate against the member's whole estimated public-stock portfolio.
Questions
Are insiders buying or selling LUV?
Across the 12 most recent open-market filings shown here, 10 were purchases and 2 were sales.
Which members of Congress have traded LUV?
Matthew Van Epps, Ro Khanna and Gilbert Ray Cisneros, Jr. disclosed LUV transactions in the filings shown here.
Which members of Congress hold LUV?
7 members of Congress report a position in LUV in the estimate we hold as of Oct 23, 2026. The largest estimated position belongs to Pat Fallon; the next largest, in the $15,001 - $50,000 band, include J. French Hill and Troy Downing. The estimate is built from disclosed transactions and annual filings, so it is shown as a band rather than a figure from a filing.
Is LUV in the S&P 500 or the Nasdaq 100?
Southwest Airlines Co. is a current member of the S&P 500, per the membership list we hold as of Oct 26, 2026. Current members of either index get a page here whatever their filing history.
How quickly are LUV trades disclosed?
Insider filings on this page reached the public a median of 1 business day after the transaction (weekends and federal holidays skipped), against the two business days Form 4 allows. Congressional disclosures took a median of 24 days, against the 45 the STOCK Act allows.
How to read a Form 4
A DECISION THE INSIDER MADE
COMPENSATION PLUMBING
Congress rows disclose a value range rather than an exact amount, and the STOCK Act allows up to 45 days to report. Full sourcing and the limits of this data are on the methodology page. A filing is a record of a transaction, not a signal, and nothing here is investment advice.
Data as of Oct 26, 2026.
