LUV Southwest Airlines Co.
XNYS
42.03
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
LUV
$42.03
—
Key stats
$42.03
After hours
$41.79
-0.57%
- 52-Week Range
- $29.26 – $55.11
- YTD
- +1.77%
- IV Rank (30D)
- 34.88
- Straddle Price
- $3.88
- P/C Vol Ratio
- 0.65
- Market Cap
- $19.5B
- Open
- $39.20
- Day Range
- $38.65 – $42.08
- Volume
- 12,243,579
- Prev Close
- $39.88
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 1.02 |
| Cost of Equity (CAPM) | 10.76% (VRP-adj) |
| WACC | 9.91% |
| Volatility Risk Premium | +20.7pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.6% |
| Rev. Growth (YoY, DCF input) | +21.3% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.5B |
| Return on Equity (TTM) | 11.8% |
| Book / Price | 34.2% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 100.0% |
| FCF Margin (TTM) | -1.5% |
| Debt / Equity | 0.54 |
| Quality Score | 3/6 — normal (10y DCF) |
| SMA 50 | $40.78 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $41.15 |
| Bollinger Width / SMA20 | 26.8% (drives anchor stability) |
| Net Debt | $-0.0B |
| Market Cap | $21B |
Peers used for multiples: ALGT, ALK, DAL, FDX, UAL
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
35%
20-Day Fair Value
≈ by Nov 20, 2026
$42.64
α +1.4%
rank 27%
conviction
77%
40-Day Fair Value
≈ by Dec 21, 2026
$43.59
α +3.7%
rank 20%
conviction
93%
60-Day Fair Value
≈ by Jan 19, 2027
$42.43
α +0.9%
rank 11%
conviction
35%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $13.12 | 0% | |
| Peer P/E | $27.55 | 12% | median 15.7× · 4 peers |
| Peer EV/EBITDA | $45.92 | 12% | median 8.3× · 5 peers |
| Peer P/B | $25.88 | 12% | median 1.9× · 5 peers |
| Peer P/S | $41.35 | 12% | median 0.7× · 5 peers |
| Market Anchor (SMA50) | $40.78 | 13% | stability 16% (BB-width) |
| Options Expected (B-L 30d) | $39.17 | 40% | 39 strikes · skew -0.44 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- AIR TRANSPORTATION, SCHEDULED (4512) · industry map
- Exchange
- XNYS
- Market Cap
- $19.5B
- Employees
- 73,456
- List Date
- 1973-01-02
- CIK
- 0000092380
- Headquarters
- Dallas, TX
- Homepage
- https://www.southwest.com
Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates nearly 800 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights operated with a simple cabin configuration in a point-to-point network. In early 2026, Southwest modified its cabins to offer some rows with extra legroom, its ticketing process and merchandising to offer assigned seats, and more fare categories to include a basic economy class that appea…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -2.44% | 1.73% | 9.72% | 4.95% | -7.97% | 15.06% | 3.51% |
| Feb | 29.78% | -3.05% | -5.75% | 13.55% | 1.90% | -0.77% | 5.94% |
| Mar | 5.17% | 9.18% | -3.30% | -14.05% | 9.70% | -22.17% | -2.58% |
| Apr | 2.41% | 1.76% | -4.42% | -11.10% | -11.49% | -0.81% | -3.94% |
| May | -1.11% | -1.44% | -2.35% | 4.56% | 16.79% | 10.81% | 4.54% |
| Jun | -13.46% | -18.19% | 24.39% | 3.32% | -2.02% | 20.25% | 2.38% |
| Jul | -6.20% | 3.78% | -7.78% | -4.16% | -7.42% | -11.28% | -5.51% |
| Aug | 0.08% | -4.20% | -5.47% | 9.71% | 10.40% | -18.14% | -1.27% |
| Sep | 3.79% | -15.81% | -13.84% | 0.17% | -1.05% | 10.51% | -2.71% |
| Oct | -13.01% | 16.43% | -18.24% | 2.34% | -6.13% | 0.45%* | -3.03% |
| Nov | -9.63% | 8.04% | 15.02% | 5.72% | 14.39% | -- | 6.71% |
| Dec | 0.68% | -15.99% | 8.21% | 1.88% | 18.87% | -- | 2.73% |
| Total | -10.00% | -21.85% | -11.26% | 14.21% | 34.50% | -5.31% | 0.05% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $41.16
SMA 50: $40.71
SMA 200: $43.46
Current: $41.67
EMA 12: $40.51
EMA 26: $40.82
MACD: -0.3150 | Signal: -0.0520
BEARISH
ADX (14): 13.27
RANGE
+DI: 21.11
−DI: 14.64
Momentum Oscillators
RSI (14): 54.16
NEUTRAL
Stoch %K: 40.82
Stoch %D: 23.76
Williams %R: -31.90
Volume & Volatility
BB Upper: $43.43
BB Lower: $38.88
NEUTRAL
OBV: 472,967,579
Vol SMA 20: 6,291,760
Vol ROC: -38.78%
ATR: $1.54
True Range: $3.43
HV 20: 34.2%
HV 30: 31.3%
HV 60: 33.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL with confidence level (6/10)
Key drivers:
- Recent positive news headlines on commercial air travel and Boeing's 737 MAX 7 certification
- Technical indicators showing a neutral trend, with no clear buy or sell signal
Primary risks:
- High volatility, as evidenced by the beta value of 1.52, making it more prone to large price movements
- Options market indicating bearish sentiment, with a put/call volume ratio of 1.95
Investment thesis: LUV's neutral trend and mixed news sentiment suggest a cautious approach, but recent positive developments could lead to short-term gains.
Recent news sentiment impact: The positive news headlines on commercial air travel and Boeing's 737 MAX 7 certification have had a mild bullish impact on the stock price.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): NEUTRAL, with no clear trend
- Medium-term (1-3 months): WEAK UPTREND, as the stock is still above its SMA 50 and EMA 12
- Long-term (3-12 months): BEARISH, due to the stock's historical volatility and beta value
Support/Resistance Levels:
- Key price levels: $43.08 (lower Bollinger Band), $46.32 (SMA 20), $47.02 (SMA 50)
Momentum Signals:
- RSI interpretation: NEUTRAL, with a reading of 41.05
- MACD signal: BEARISH, as the histogram is below zero
- Bollinger Bands position: NEUTRAL, with no clear squeeze or breakout
Volume Analysis:
- Volume trends: WEAK VOLUME, with the volume SMA 20 showing a decline
- Institutional interest signals: MIXED, with some institutional buying and selling activity
News & Sentiment Analysis
Recent Headlines Summary:
- Positive news headlines on commercial air travel and Boeing's 737 MAX 7 certification
- Neutral news headlines on aerospace ETFs and airline stocks
Sentiment Assessment: POSITIVE overall sentiment, with a slight bullish bias
Catalyst Identification:
- Upcoming events: No major earnings or product launches scheduled in the near term
- Market narrative: The recent positive news has created a cautiously optimistic tone in the market
Risk & Volatility Assessment
Risk Interpretation: HIGH RISK, due to the stock's beta value of 1.52 and high volatility
Volatility Regime: CURRENT VOLATILITY IS HIGHER THAN HISTORICAL AVERAGE, with an IV rank of 10.1%
Options Market Signals:
- IV rank: LOW, indicating historically low volatility
- Put/call volume ratio: BEARISH, with more puts traded than calls
- Unusual activity: MIXED, with some unusual options trading activity
Downside Protection:
- Support levels: $43.08 (lower Bollinger Band), $46.32 (SMA 20)
- Risk management considerations: CAUTIONARY APPROACH, considering the high volatility and potential for large price movements
Market Context & Positioning
Sector Performance: RELATIVELY STRONG compared to other airlines in the sector
Institutional Activity: MIXED, with some institutional buying and selling activity
Correlation Analysis:
- Correlation with SPY: 0.44 (MODERATE POSITIVE CORRELATION)
- Interpretation: The stock is moderately correlated with the market, but has its own distinct price movements
Relative Valuation: POSITIONED WITHIN A TRADING RANGE, with no clear upside or downside momentum
Key Levels & Action Items
Critical Price Levels:
- Support: $43.08 (lower Bollinger Band), $46.32 (SMA 20)
- Resistance: $47.02 (SMA 50)
Breakout/Breakdown Levels:
- Breakout level: $49.56 (upper Bollinger Band)
- Breakdown level: $43.08 (lower Bollinger Band)
Time-Sensitive Catalysts:
- No major earnings or product launches scheduled in the near term
Risk Management:
- Stop-loss levels: Consider setting stop-loss orders at $43.08 and $46.32 to limit potential losses
- Position sizing considerations: CAUTIONARY APPROACH, considering the high volatility and potential for large price movements
Generated
News
All LUV news →
Fleet monetization and loyalty expansion are funding Southwest's structural margin improvements without straining its balance sheet.
Record unit revenue and passenger yield drive strong momentum despite fuel headwinds.
Southwest Airlines became the third major U.S. airline this month to cut its 2026 profit forecast due to higher fuel prices.
The CEO told employees that Southwest's experience will keep changing, even as the airline asks customers to pay extra for things that used to come standard.
Southwest Airlines is overhauling its loyalty program and replacing A-List and A-List Preferred with three new tiers.
Showing 1–10 of 16
Page 1 of 2
Earnings History
16 of 23 under expected move
Avg Expected Move
3.79%
Avg Actual Move
3.48%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-01-28 | After-Close | 2.38% | 1.48% | 0.62x | Within |
| 2021-04-22 | After-Close | 1.92% | 0.75% | 0.39x | Within |
| 2021-07-22 | After-Close | 1.85% | 1.15% | 0.62x | Within |
| 2021-10-21 | After-Close | 1.60% | 2.12% | 1.32x | Exceeded |
| 2022-01-27 | After-Close | 2.66% | 0.26% | 0.10x | Within |
| 2022-04-28 | After-Close | 2.54% | 0.38% | 0.15x | Within |
| 2022-07-28 | After-Close | 1.99% | 0.08% | 0.04x | Within |
| 2022-10-27 | After-Close | 1.93% | 2.66% | 1.38x | Exceeded |
| 2023-01-06 | After-Close | 4.25% | 1.51% | 0.36x | Within |
| 2023-04-27 | After-Close | 1.57% | 1.37% | 0.87x | Within |
| 2023-07-27 | After-Close | 2.24% | 2.06% | 0.92x | Within |
| 2023-10-26 | After-Close | 2.22% | 4.49% | 2.02x | Exceeded |
| 2024-01-25 | After-Close | 2.27% | 0.99% | 0.44x | Within |
| 2024-04-25 | After-Close | 1.76% | 0.84% | 0.48x | Within |
| 2024-07-25 | After-Close | 2.14% | 3.03% | 1.42x | Exceeded |
| 2024-10-24 | Pre-Market | 4.83% | 5.56% | 1.15x | Exceeded |
| 2025-01-30 | Pre-Market | 6.05% | 1.23% | 0.20x | Within |
| 2025-04-23 | After-Close | 7.01% | 3.68% | 0.52x | Within |
| 2025-07-23 | After-Close | 6.92% | 11.16% | 1.61x | Exceeded |
| 2025-10-22 | After-Close | 7.12% | 6.25% | 0.88x | Within |
| 2026-01-28 | After-Close | 7.40% | 18.70% | 2.53x | Exceeded |
| 2026-04-22 | After-Close | 7.38% | 4.07% | 0.55x | Within |
| 2026-07-22 | After-Close | 7.04% | 6.19% | 0.88x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
LUV Options Activity & IV Rank
LUV IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 41.0%
7-DTE IV: 44.2%
Expected Move: $3.88
7-DTE Move: $2.20
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 5,158
Put Volume: 3,372
P/C Volume: 0.654
BULLISH
Call OI: 14,992
Put OI: 12,291
P/C OI: 0.82
Total OI: 27,283
ATM Options Pricing
ATM Call: $1.89
ATM Put: $1.99
Call %: 4.5%
Put %: 4.7%
Chain Summary
Chain Volume: 23,753
Chain OI: 208,114
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 61st percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
61%
vs own history
GEX tilt
+0.15
OI-weighted, today
Vanna tilt
+0.64
δ-sensitivity to IV
Charm tilt
-0.40
δ-decay vs time
Vanna tilt +0.64: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.40: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 149 ATM contracts, 73k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
52%
+5.2
pts
EXTREME
ATM 41.1% / Wing 46.4%
30 DTE / 10d
60%
+7.6
pts
EXTREME
ATM 41.2% / Wing 48.8%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)36.1MediumOct 22
IV Rank (30 DTE)34.9MediumOct 22
Straddle Price (30 DTE)$3.88Oct 22
Beta Analysis
Risk Metrics
Beta: 1.5732
Alpha: 9.15%
Correlation: 0.4505
R-Squared: 20.3%
Stock Volatility: 44.5%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own LUV
6 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Elliott Investment Management Activist Paul Singer | $1.25B | #5 of 17 | -19.9% | 13F | |
| Citadel Hedge fund Ken Griffin | $53.8M | #650 of 6285 | -45.9% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $52.6M | #77 of 997 | +46.1% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $44.2M | #673 of 3716 | -44.4% | 13F | |
| Point72 Hedge fund Steve Cohen | $44.1M | #360 of 1945 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $4.3M | #1041 of 4729 | -0.6% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
LUV Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 520,000,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
35 filers$511.52M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $103.26M | 20.19% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $82.13M | 16.06% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $78.08M | 15.26% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $48.19M | 9.42% | 2026-06-30 |
| 5 | Walleye Trading LLC | $23.95M | 4.68% | 2026-06-30 |
| 6 | Citigroup Inc. Custodian | $18.00M | 3.52% | 2026-06-30 |
| 7 | Wolverine Trading, LLC Custodian | $16.40M | 3.21% | 2025-09-30 |
| 8 | Squarepoint Ops LLC | $15.66M | 3.06% | 2026-06-30 |
| 9 | GROUP ONE TRADING LLC Custodian | $14.26M | 2.79% | 2026-06-30 |
| 10 | Deutsche Bank AG Custodian | $12.86M | 2.51% | 2026-06-30 |
| 11 | D. E. Shaw & Co., Inc. Custodian | $10.39M | 2.03% | 2026-06-30 |
| 12 | Twin Tree Management, LP | $10.17M | 1.99% | 2026-06-30 |
| 13 | Simplex Trading, LLC Custodian | $9.82M | 1.92% | 2026-06-30 |
| 14 | Millennium Management LLC Custodian | $9.20M | 1.80% | 2026-06-30 |
| 15 | Qube Research & Technologies Ltd | $8.09M | 1.58% | 2026-06-30 |
| 16 | CastleKnight Management LP | $7.71M | 1.51% | 2026-06-30 |
| 17 | TUDOR INVESTMENT CORP ET AL | $6.61M | 1.29% | 2026-06-30 |
| 18 | Point72 Asset Management, L.P. | $5.87M | 1.15% | 2026-06-30 |
| 19 | Walleye Capital LLC | $4.63M | 0.90% | 2026-06-30 |
| 20 | JPMorgan Chase & Co Custodian | $3.87M | 0.76% | 2026-06-30 |
| 21 | Caption Management, LLC | $3.75M | 0.73% | 2026-06-30 |
| 22 | CAPITAL FUND MANAGEMENT S.A. | $3.43M | 0.67% | 2026-06-30 |
| 23 | PEAK6 LLC | $2.87M | 0.56% | 2026-06-30 |
| 24 | Alphadyne Asset Management LP | $2.24M | 0.44% | 2026-06-30 |
| 25 | CMT Capital Markets Trading GmbH | $2.17M | 0.42% | 2026-06-30 |
31 filers$422.59M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $77.03M | 18.23% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $70.51M | 16.68% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $58.94M | 13.95% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $36.06M | 8.53% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $27.71M | 6.56% | 2025-09-30 |
| 6 | UBS Group AG Custodian | $17.81M | 4.21% | 2026-06-30 |
| 7 | GROUP ONE TRADING LLC Custodian | $17.52M | 4.15% | 2026-06-30 |
| 8 | Citigroup Inc. Custodian | $15.17M | 3.59% | 2026-06-30 |
| 9 | Walleye Trading LLC | $14.50M | 3.43% | 2026-06-30 |
| 10 | Point72 Asset Management, L.P. | $13.79M | 3.26% | 2026-06-30 |
| 11 | Simplex Trading, LLC Custodian | $11.35M | 2.69% | 2026-06-30 |
| 12 | Cubist Systematic Strategies, LLC | $11.23M | 2.66% | 2025-09-30 |
| 13 | Millennium Management LLC Custodian | $8.34M | 1.97% | 2026-06-30 |
| 14 | Squarepoint Ops LLC | $7.78M | 1.84% | 2026-06-30 |
| 15 | Alphadyne Asset Management LP | $5.66M | 1.34% | 2026-06-30 |
| 16 | PEAK6 LLC | $5.45M | 1.29% | 2026-06-30 |
| 17 | Qube Research & Technologies Ltd | $4.52M | 1.07% | 2026-06-30 |
| 18 | JPMorgan Chase & Co Custodian | $3.87M | 0.92% | 2026-06-30 |
| 19 | TUDOR INVESTMENT CORP ET AL | $3.48M | 0.82% | 2026-06-30 |
| 20 | Walleye Capital LLC | $2.48M | 0.59% | 2026-06-30 |
| 21 | D. E. Shaw & Co., Inc. Custodian | $1.71M | 0.41% | 2026-06-30 |
| 22 | Two Sigma Investments, LP Custodian | $1.50M | 0.35% | 2026-06-30 |
| 23 | CMT Capital Markets Trading GmbH | $1.38M | 0.33% | 2026-06-30 |
| 24 | Schonfeld Strategic Advisors LLC | $1.29M | 0.30% | 2026-06-30 |
| 25 | CAPITAL FUND MANAGEMENT S.A. | $1.15M | 0.27% | 2026-06-30 |
LUV Insider Trading (Form 4)
Latest: 2026-09-17Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-17 | Jimmy Ryan Martinez | Principal Accounting Officer | Award (A) | +2,697 | — | EDGAR | |
| 2026-08-25 | Jimmy Ryan Martinez | Principal Accounting Officer | Tax (F) | −179 | $40.38 | -$7.2K | EDGAR |
| 2026-08-11 | Varun Krishna | Director | Award (A) | +3,787 | — | EDGAR | |
| 2026-08-11 | Jason T Liberty | Director | Award (A) | +3,787 | — | EDGAR | |
| 2026-08-07 | Lauren Tauscher Woods | EVP & CIO | Award (A) | +7,598 | — | EDGAR | |
| 2026-08-07 | Tom Doxey | EVP, Chief Financial Officer | Award (A) | +6,316 | — | EDGAR | |
| 2026-08-07 | Robert E Jordan | CEO & President | Award (A) | +28,321 | — | EDGAR | |
| 2026-08-07 | Justin Jones | EVP & Chief Commercial Officer | Award (A) | +8,568 | — | EDGAR | |
| 2026-08-07 | Andrew M Watterson | Chief Operating Officer | Award (A) | +2,995 | — | EDGAR | |
| 2026-08-07 | Anthony Roach | Chief Customer & Brand Officer | Award (A) | +9,506 | — | EDGAR | |
| 2026-08-07 | Andrew M Watterson | Chief Operating Officer | Award (A) | +2,995 | — | EDGAR | |
| 2026-08-07 | Justin Jones | EVP & Chief Commercial Officer | Award (A) | +8,568 | — | EDGAR | |
| 2026-08-07 | Anthony Roach | Chief Customer & Brand Officer | Award (A) | +9,506 | — | EDGAR | |
| 2026-08-07 | Lauren Tauscher Woods | EVP & CIO | Award (A) | +7,598 | — | EDGAR | |
| 2026-08-07 | Tom Doxey | EVP, Chief Financial Officer | Award (A) | +6,316 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
LUV Insider Holdings
25 insiders · @ $41.67
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Elliott Investment Management L.P. | 10%+ Owner | 59,912,580 | $2.50B | -$35.91M | 1 | 2024-10-30 |
| 2 | Rakesh Gangwal | Director | 3,611,729 | $150.50M | $106.70M | 9 | 2025-05-16 |
| 3 | Robert E Jordan | CEO & President | 647,823 | $26.99M | -$15.04M | 56 | 2026-08-07 |
| 4 | Tammy Romo | EVP & CFO | 285,858 | $11.91M | -$6.64M | 39 | 2025-02-25 |
| 5 | Andrew M Watterson | Chief Operating Officer | 227,941 | $9.50M | -$2.04M | 28 | 2026-08-07 |
| 6 | Linda B. Rutherford | Chief Administration Officer | 120,933 | $5.04M | -$132.4K | 12 | 2025-02-25 |
| 7 | Tom Doxey | EVP, Chief Financial Officer | 111,116 | $4.63M | $0 | 5 | 2026-08-07 |
| 8 | Ryan C. Green | EVP Chief Transformation Ofr. | 92,936 | $3.87M | -$147.8K | 9 | 2025-03-18 |
| 9 | Justin Jones | EVP & Chief Commercial Officer | 85,784 | $3.57M | -$302.1K | 10 | 2026-08-07 |
| 10 | Douglas H Brooks | Director | 80,115 | $3.34M | -$458.7K | 20 | 2026-05-11 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
LUV Board & Officers
As of SEC filings through Sep 17, 2026Directors 14
- Douglas H Brooks · since Feb 15, 2010
- David P Hess · since Nov 18, 2021
- Robert E Jordan · listed since Feb 2022
- Christopher P. Reynolds · since May 18, 2022
- Lisa M Atherton · since May 15, 2024
- Rakesh Gangwal · since Jul 7, 2024
- Robert L Fornaro · since Sep 25, 2024
- David Grissen · since Nov 1, 2024
- Pierre R Breber · since Nov 1, 2024
- Gregg A Saretsky · listed since Nov 2024
- Patricia A Watson · listed since Nov 2024
- Sarah Feinberg · listed since Nov 2024
- Jason T Liberty · since Aug 10, 2026
- Varun Krishna · since Aug 10, 2026
Officers 7
- Robert E Jordan · CEO & President · listed since Feb 2023
- Tom Doxey · EVP, Chief Financial Officer · since Mar 10, 2025
- Andrew M Watterson · Chief Operating Officer · listed since Feb 2023
- Justin Jones · EVP Operations · since Dec 1, 2023
- Anthony Roach · EVP Customer & Brand · since Mar 1, 2025
- Lauren Tauscher Woods · EVP & CIO · since Dec 1, 2025
- Jimmy Ryan Martinez · Principal Accounting Officer · since Apr 1, 2025
Changes in the last 10 years (67)
| Aug 10, 2026 | Varun Krishna became a director |
| Aug 10, 2026 | Jason T Liberty became a director |
| Feb 9, 2026 | The company announced the departure of C. David Cush from the board in an SEC filing |
| Dec 1, 2025 | Lauren Tauscher Woods became EVP & CIO |
| Apr 1, 2025 | Jimmy Ryan Martinez became Principal Accounting Officer |
| Mar 10, 2025 | Tom Doxey became EVP, Chief Financial Officer |
| Mar 1, 2025 | Anthony Roach became EVP Customer & Brand |
| Feb 6, 2025 | Ryan C. Green listed as EVP Chief Transformation Ofr. (previously EVP, Chief Commercial Officer) in SEC filings |
| Feb 4, 2025 | The company announced the departure of Elaine Mendoza from the board in an SEC filing |
| Feb 4, 2025 | The company announced the departure of Eduardo F Conrado from the board in an SEC filing |
| Jan 8, 2025 | The company announced the departure of Linda B. Rutherford as Chief Administration Officer in an SEC filing |
| Jan 7, 2025 | The company announced the departure of Tammy Romo as EVP & CFO in an SEC filing |
| Nov 5, 2024 | Sarah Feinberg first listed as a director in an SEC filing |
| Nov 5, 2024 | Patricia A Watson first listed as a director in an SEC filing |
| Nov 5, 2024 | Gregg A Saretsky first listed as a director in an SEC filing |
| Nov 5, 2024 | C. David Cush first listed as a director in an SEC filing |
| Nov 1, 2024 | Pierre R Breber became a director |
| Nov 1, 2024 | David Grissen became a director |
| Oct 30, 2024 | Elliott Investment Management L.P. reported in an SEC filing no longer being a 10% owner |
| Sep 25, 2024 | Robert L Fornaro became a director |
| Sep 9, 2024 | The company announced the departure of William H Dr Cunningham from the board in an SEC filing |
| Sep 9, 2024 | The company announced the departure of Thomas W. Gilligan from the board in an SEC filing |
| Sep 9, 2024 | The company announced the departure of Roy Blunt from the board in an SEC filing |
| Sep 9, 2024 | The company announced the departure of Jill A. Soltau from the board in an SEC filing |
| Sep 9, 2024 | The company announced the departure of J Veronica Biggins from the board in an SEC filing |
| Sep 9, 2024 | The company announced the departure of Gary C Kelly from the board in an SEC filing |
| Sep 9, 2024 | The company announced the departure of Gary C Kelly as Executive Chairman in an SEC filing |
| Sep 9, 2024 | The company announced the departure of David W Biegler from the board in an SEC filing |
| Aug 27, 2024 | Elliott Investment Management L.P. became a 10% owner |
| Jul 7, 2024 | Rakesh Gangwal became a director |
| Jun 1, 2024 | William Jason Van Eaton became EVP & Chief R&CA Officer |
| May 15, 2024 | Lisa M Atherton became a director |
| Apr 26, 2024 | The company announced the departure of Mark R Shaw as EVP & Clro in an SEC filing |
| Feb 2, 2024 | Mark R Shaw listed as EVP & Clro (previously EVP, CL&R Officer) in SEC filings |
| Feb 2, 2024 | Linda B. Rutherford listed as Chief Administration Officer (previously Chief Admin & Comm. Officer) in SEC filings |
| Dec 1, 2023 | Justin Jones became EVP Operations |
| Jul 16, 2023 | Roy Blunt became a director |
| May 17, 2023 | Elaine Mendoza became a director |
| May 17, 2023 | Eduardo F Conrado became a director |
| Feb 15, 2023 | Jill A. Soltau became a director |
| Feb 3, 2023 | Robert E Jordan listed as CEO & President (previously Chief Executive Officer) in SEC filings |
| Feb 3, 2023 | Linda B. Rutherford listed as Chief Admin & Comm. Officer (previously EVP, People and Communications) in SEC filings |
| Feb 3, 2023 | Andrew M Watterson listed as Chief Operating Officer (previously EVP & Chief Commercial Officer) in SEC filings |
| Oct 1, 2022 | Ryan C. Green became EVP, Chief Commercial Officer |
| Sep 25, 2022 | The company announced the departure of Ven Michael G Van de as President & COO in an SEC filing |
| May 18, 2022 | Christopher P. Reynolds became a director |
| Feb 2, 2022 | Ven Michael G Van de listed as President & COO (previously Chief Operating Officer) in SEC filings |
| Feb 2, 2022 | Robert E Jordan listed as Chief Executive Officer (previously EVP Corporate Services) in SEC filings |
| Feb 2, 2022 | Robert E Jordan first listed as a director in an SEC filing |
| Feb 2, 2022 | Mark R Shaw listed as EVP, CL&R Officer (previously EVP,Chief Legal & Reg. Officer) in SEC filings |
| Feb 2, 2022 | Gary C Kelly listed as Executive Chairman (previously Chairman of the Board & CEO) in SEC filings |
| Nov 18, 2021 | David P Hess became a director |
| Jun 30, 2021 | Linda B. Rutherford became EVP, People and Communications |
| Feb 26, 2021 | Gregory D Wells reported in an SEC filing no longer being EVP, Daily Operations |
| Feb 5, 2021 | Andrew M Watterson listed as EVP & Chief Commercial Officer (previously EVP & Chief Revenue Officer) in SEC filings |
| Feb 3, 2021 | Alan Kasher became EVP Daily Operations |
| Apr 3, 2020 | Warren E Buffett reported in an SEC filing no longer being a 10% owner |
| Apr 3, 2020 | Berkshire Hathaway Inc reported in an SEC filing no longer being a 10% owner |
| Nov 8, 2019 | Warren E Buffett became a 10% owner |
| Nov 8, 2019 | Berkshire Hathaway Inc became a 10% owner |
| Feb 1, 2019 | Mark R Shaw listed as EVP,Chief Legal & Reg. Officer (previously SVP,Gen Counsel,Corp.Secretary) in SEC filings |
| Dec 18, 2017 | Robert E Jordan listed as EVP Corporate Services (previously EVP, Chief Commercial Officer) in SEC filings |
| Jul 1, 2017 | Andrew M Watterson became EVP & Chief Revenue Officer |
| Feb 3, 2017 | Ven Michael G Van de listed as Chief Operating Officer (previously EVP & Chief Operating Officer) in SEC filings |
| Feb 3, 2017 | Thomas M Nealon listed as President (previously EVP, Strategy and Innovation) in SEC filings |
| Feb 3, 2017 | Gary C Kelly listed as Chairman of the Board & CEO (previously COB, Pres., & CEO) in SEC filings |
| Jan 10, 2017 | Gregory D Wells became EVP, Daily Operations |
Not reported recently (10)
- Ryan C. Green · Last reported as EVP Chief Transformation Ofr. in an SEC filing dated Mar 18, 2025
- William Jason Van Eaton · Last reported as EVP & Chief R&CA Officer in an SEC filing dated Aug 23, 2024
- John T Montford · Last reported as a director in an SEC filing dated May 18, 2023
- Ron Ricks · Last reported as a director in an SEC filing dated May 18, 2023
- Nancy B Loeffler · Last reported as a director in an SEC filing dated May 20, 2022
- John G Denison · Last reported as a director in an SEC filing dated May 20, 2022
- Grace Lieblein · Last reported as a director in an SEC filing dated May 20, 2021
- Alan Kasher · Last reported as EVP Daily Operations in an SEC filing dated Feb 26, 2021
- Thomas M Nealon · Last reported as President in an SEC filing dated Feb 25, 2021
- Jeff Lamb · Last reported as EVP, Corporate Services in an SEC filing dated May 26, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
LUV Proposed Insider Sales (Form 144)
Latest: 2026-02-25
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-02-25 144/A | Cush C. David | Director | 10,000 | $498.0K | 2026-02-25 | Charles Schwab & Co | — | EDGAR |
| 2025-12-05 | Jones Justin | Officer | 8,085 | $302.1K | 2025-12-05 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-06-06 | Green Ryan C. | Officer | 20,910 | $688.8K | 2025-06-06 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2024-12-06 | Rutherford Linda B. | Officer | 3,849 | $132.4K | 2024-12-06 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2023-05-02 | Green Ryan C. | Officer | 4,936 | $147.8K | 2023-05-02 | Fidelity Brokerage Services LLC | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-19
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-19 | 0001193125-26-230895 | EDGAR |
| 2026-05-11 | 0000092380-26-000050 | EDGAR |
| 2026-04-22 | 0000092380-26-000044 | EDGAR |
| 2026-03-12 | 0001193125-26-102966 | EDGAR |
| 2026-02-10 | 0001193125-26-044746 | EDGAR |
| 2026-01-28 | 0000092380-26-000002 | EDGAR |
| 2025-12-05 | 0000092380-25-000144 | EDGAR |
| 2025-11-03 | 0001193125-25-262544 | EDGAR |
| 2025-10-22 | 0000092380-25-000138 | EDGAR |
| 2025-07-23 | 0000092380-25-000131 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-05 | 0000092380-26-000004 | EDGAR |
| 2025-02-07 | 0000092380-25-000024 | EDGAR |
| 2024-02-06 | 0000092380-24-000027 | EDGAR |
| 2023-02-07 | 0000092380-23-000010 | EDGAR |
| 2022-02-07 | 0000092380-22-000007 | EDGAR |
| 2021-02-08 | 0000092380-21-000033 | EDGAR |
| 2020-02-04 | 0000092380-20-000024 | EDGAR |
| 2019-02-05 | 0000092380-19-000022 | EDGAR |
| 2018-02-07 | 0000092380-18-000031 | EDGAR |
| 2017-02-07 | 0000092380-17-000029 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-04-23 | 0000092380-26-000047 | EDGAR |
| 2025-10-23 | 0000092380-25-000140 | EDGAR |
| 2025-07-24 | 0000092380-25-000134 | EDGAR |
| 2025-04-25 | 0000092380-25-000083 | EDGAR |
| 2024-10-28 | 0000092380-24-000147 | EDGAR |
| 2024-07-29 | 0000092380-24-000111 | EDGAR |
| 2024-04-26 | 0000092380-24-000055 | EDGAR |
| 2023-10-30 | 0000092380-23-000049 | EDGAR |
| 2023-07-28 | 0000092380-23-000038 | EDGAR |
| 2023-04-28 | 0000092380-23-000024 | EDGAR |
ETF Holders
260 ETFs hold LUV
25 shown · $3.70B total exposure · 0.06% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.03% | $648.2M | — | 2026-09-30 |
| 2 | VOO Vanguard S&P 500 ETF | Vanguard | 0.03% | $535.0M | — | 2026-09-30 |
| 3 | IVV iShares Core S&P 500 ETF | iShares (BlackRock) | 0.03% | $258.0M | $890.4B | 2026-10-20 |
| 4 | RDVY First Trust Rising Dividend Achievers ETF | First Trust | 0.99% | $252.1M | $25.5B | 2026-10-20 |
| 5 | SPY State Street® SPDR® S&P 500® ETF Trust | SPDR (State Street) | 0.03% | $239.1M | $818.4B | 2026-10-20 |
| 6 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.13% | $229.3M | — | 2026-09-30 |
| 7 | VO Vanguard Morningstar Mid-Cap ETF | Vanguard | 0.10% | $218.1M | — | 2026-09-30 |
| 8 | RSP Invesco S&P 500 Equal Weight ETF | Invesco | 0.20% | $201.2M | — | 2026-10-20 |
| 9 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.29% | $127.5M | — | 2026-09-30 |
| 10 | XLI State Street® Industrial Select Sector SPDR® ETF | SPDR (State Street) | 0.37% | $110.6M | $30.3B | 2026-10-20 |
| 11 | JETS U.S. Global Jets ETF | Nport | 10.65% | $102.1M | — | 2026-06-30 |
| 12 | VTV Vanguard Morningstar Value ETF | Vanguard | 0.04% | $97.0M | — | 2026-09-30 |
| 13 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.08% | $78.0M | — | 2026-09-30 |
| 14 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.13% | $76.5M | $57.3B | 2026-10-20 |
| 15 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.07% | $65.2M | — | 2026-10-20 |
| 16 | VOE Vanguard Morningstar Mid-Cap Value ETF | Vanguard | 0.17% | $63.6M | — | 2026-09-30 |
| 17 | WTV WisdomTree U.S. Value Fund | Nport | 1.93% | $56.9M | — | 2026-06-30 |
| 18 | SPYM State Street® SPDR® Portfolio S&P 500® ETF | SPDR (State Street) | 0.03% | $53.6M | $183.5B | 2026-10-20 |
| 19 | AVLV Avantis U.S. Large Cap Value ETF | Avantis | 0.23% | $51.7M | $22.3B | 2026-10-20 |
| 20 | IYT iShares U.S. Transportation ETF | iShares (BlackRock) | 2.70% | $51.6M | $1.9B | 2026-10-20 |
| 21 | SDVY First Trust SMID Cap Rising Dividend Achievers ETF | First Trust | 0.43% | $47.3M | $11.1B | 2026-10-20 |
| 22 | RDVI FT Vest Rising Dividend Achievers Target Income ETF | First Trust | 0.98% | $37.5M | $3.8B | 2026-10-20 |
| 23 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.04% | $37.0M | $84.5B | 2026-10-20 |
| 24 | DGRW WisdomTree U.S. Quality Dividend Growth Fund | Nport | 0.21% | $34.7M | — | 2026-06-30 |
| 25 | JAVA JPMorgan Active Value ETF | JPMorgan | 0.44% | $32.6M | $7.4B | 2026-10-21 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
26.27
TTM Diluted EPS
$1.60
TTM Revenue
$30.07B
TTM Net Income
$837.00M
TTM Op. Cash Flow
$2.53B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $8.43B | $233.00M | $0.47 | $530.00M |
| Q1 '26 | 2026-03-31 | $7.25B | $227.00M | $0.45 | $1.42B |
| Q4 '25 | 2025-12-31 | $7.44B | $323.00M | $0.58 | $295.00M |
| Q3 '25 | 2025-09-30 | $6.95B | $54.00M | $0.10 | $287.00M |
| Q2 '25 | 2025-06-30 | $7.24B | $213.00M | $0.39 | $401.00M |
| Q1 '25 | 2025-03-31 | $6.43B | $-149.00M | $-0.26 | $860.00M |
| Q4 '24 | 2024-12-31 | $6.93B | $261.00M | $0.42 | $476.00M |
| Q3 '24 | 2024-09-30 | $6.87B | $67.00M | $0.11 | $113.00M |
| Q2 '24 | 2024-06-30 | $7.35B | $367.00M | $0.58 | $-23.00M |
| Q1 '24 | 2024-03-31 | $6.33B | $-231.00M | $-0.39 | $-104.00M |
| Q4 '23 | 2023-12-31 | $6.82B | $-233.00M | $-0.39 | $425.00M |
| Q3 '23 | 2023-09-30 | $6.53B | $193.00M | $0.31 | $616.00M |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-23
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
26.27
P/B
3.09
P/S
0.73
EV/EBITDA
8.39
EV/Sales
0.73
ROE
11.8%
ROA
2.8%
Div Yield
1.91%
FCF Yield
11.58%
Debt/Equity
0.54
Current Ratio
—
Market Cap
$21.86B
as of 2026-10-22
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
24.54M
SI % of Float
5.06%
Days to Cover
3.49
Short Vol Ratio
45.9%
Free Float
484.61M
Float %
99.1%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-14