Southwest Airlines Co.

LUV Industrials Airlines

Southwest Airlines Co.’s revenue for fiscal 2025 (year ended December 2025) was $28.1 billion, up 2.11% from fiscal 2024.

Revenue
+21.2%
EPS
+450.0%
Free cash flow
+46.9%
Total debt
+43.5%

Quarter to September 2026, against a year earlier

44.45 0.01 +0.02%
Market cap
$21.8B
P/E
21.1×
Fwd P/E
17.1×
Dividend yield
1.62%
F-score
7/9
Altman Z
2.22
Beneish M
−2.66
Dividend safety
24/100

Southwest Airlines Co. 10-K filed Feb 5, 2026

Fiscal year 2025 · Period ended Dec 31, 2025 · Filed · accepted 4:07 PM ET · Document on sec.gov · Filing index

What changed

Item 1, Business, against the 10-K filed Feb 7, 2025: 37 added · 93 removed · 89 modified; 6 with only figures updated

  1. Modified · Company Overview

    Southwest Airlines Co. (the “Company” or “Southwest”) operates Southwest Airlines, a major passenger airline that provides scheduled air transportation in the United States and near-international markets. Southwest commenced service on June 18, 1971, with three Boeing 737 aircraft serving three Texas cities: Dallas, Houston, and San Antonio. Southwest’s unique route network, lowcompetitive fares, and famous Hospitality continue to make the Company an attractive choice for Customers in cities across the United States and near-international destinations. As of December 31, 20242025, Southwest had a total of 803 Boeing 737 aircraft in its fleet and served 117 destinations in 42 states, the District of Columbia, the Commonwealth of Puerto Rico, and ten near-international countries: Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.