Southwest Airlines Co. (LUV)

LUV · Industrials · United States

Southwest Airlines Co. (LUV) is a company in the Industrials sector, based in United States. The stock is held in 3 ETFs we track – with its largest weight of 0.03 % in SPYL (sp500). Anyone holding one of these ETFs also owns a small indirect stake in Southwest Airlines.

Below-average ETF coverage: 3 of the 95 ETFs we cover hold Southwest Airlines, spread across one index. That puts the stock in more ETFs than 23.3 % of the 4,334 stocks we cover.

Held in3 ETFs

Highest weight0.03 %

Indices1

SectorIndustrials

CountryUnited States

ISINUS8447411088

WKN862837

Data note 1

Price chart

Data note 2

Performance

Performance
Year to date	-5.3 %	1 year	+24.0 %
1 month	-9.7 %	3 months	-16.1 %
Calendar year 2025	+22.9 %

52W

Data note 3

Measured in euros, Southwest Airlines returned -3.5 % year to date and +26.9 % over one year. The gap to the dollar figures above comes from the exchange rate alone: each daily price is converted at the ECB euro reference rate for the same day.

Data note 4

Risk metrics

Max drawdown-33.8 %

Volatility p.a.42.0 %

Data note 5

Below peak-28.6 %

Beta to S&P 5001.53

Correlation to S&P 5000.45

The close on Sep 16, 2026 was 28.6 % below the highest close since Aug 12, 2024, reached on Feb 18, 2026. Over the last 252 trading days, on days when the S&P 500 rose or fell 1 %, Southwest Airlines moved on average 1.53 % in the same direction. The correlation of 0.45 shows how reliable that average is: the broad market explained part of the daily moves, but far from all.

Data note 6

Correlated with

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Correlated with
Instrument	r	−1 … +1
Delta Air Lines Inc.	+0.87
United Airlines Holdings Inc.	+0.86
PPG Industries Inc.	+0.73
D.R. Horton Inc.	+0.68
Builders FirstSource Inc.	+0.66
Norwegian Cruise Line Holdings Ltd.	+0.66
Brent crude oil	-0.69
WTI crude oil	-0.68
Heating oil	-0.61

Data note 7

Key financials

Latest reported fiscal year (FY2025, period end 2025-12-31) as filed with the SEC.

Revenue28.1 bn $

Net income0.4 bn $

Diluted EPS0.79 $

Net margin1.6 %

Return on equity5.5 %

Equity ratio27.5 %

Revenue growth+2.1 %

Revenue and profit by fiscal year
Fiscal year	Revenue	Net income	Margin
FY2023	26.1	0.5	1.8 %
FY2024	27.5	0.5	1.7 %
FY2025	28.1	0.4	1.6 %

Data note 8

Held in these ETFs

Held in these ETFs
ETF	Index	Weight	per €1,000 in the ETF
SPYL / SPY5	sp500	0.03 %	€0.30
SXR8	sp500	0.03 %	€0.30

Data note 9

The last column turns the weight into euros: this much of €1,000 invested in one of these funds is allocated to Southwest Airlines as of the fund's latest holdings list.

Weight in SXR8 since 2019

Sep 30, 2019Sep 16, 2026

In SXR8, a fund tracking the S&P 500, Southwest Airlines had a weight of 0.11 % on Sep 30, 2019 and 0.03 % on Sep 16, 2026. Its share peaked at 0.11 % on Sep 30, 2019. The weight rises and falls with the stock's price relative to the other index members, and it also shifts when the index provider changes the composition.

Data note 10

How much Southwest Airlines Co. overlaps with other holdings in a portfolio is shown by the Portfolio X-Ray and the ETF overlap check.

Stocks with similar ETF exposure

Names that reach a portfolio through largely the same funds as Southwest Airlines — the figure counts the ETFs holding both.

Data note 11

Key figures side by side

Key figures compared with stocks of similar ETF exposure
Stock	1 year	Volatility p.a.	Net margin	Revenue growth
Southwest Airlines	+24.0 %	42.0 %	1.6 %	+2.1 %
News Corporation	+2.0 %	24.9 %	–	–
Invesco	+36.1 %	36.7 %	8.4 %	+5.1 %
Paramount Skydance Corporation	-36.5 %	65.5 %	-21.2 %	-1.5 %
Dominos Pizza	-31.9 %	28.9 %	12.2 %	+5.0 %
Molson Coors Brewing	-17.5 %	26.7 %	-16.4 %	-5.1 %
Allegion Public Limited Company	-13.7 %	25.9 %	15.8 %	+7.8 %
A. O. Smith Corporation	-22.7 %	25.8 %	14.3 %	+0.3 %
Builders FirstSource	-56.5 %	47.2 %	2.9 %	-7.4 %

Return and volatility from our daily closing prices in US dollars; margin and growth from the latest SEC annual filing. Fiscal years do not all end on the same date.