arBtrage CAPITALIZING MARKETS checking… Sign in Sign up

Southwest Airlines Company

LUV Consumer Discretionary Air Freight/Delivery Services
$41.54
▲ +0.6% Today
as of Jun 7, 07:20 ET
Last 30 days +9.29% Apr 28 → Jun 05
$36.70 $38.58 $40.45 $42.32 $44.20 Apr 28 May 05 May 13 May 20 May 29 Jun 05
Open
$41.30
High
$41.85
Low
$41.00
Volume
$4M
Avg Vol
$9M
Mkt Cap
$21.2B
P/E (TTM)
44.19
Beta
52w High
$55.11
52w Low
$28.98
Div Yield
Shares Out

Overview

52-week range
$29
$55
48% of range
Avg surprise (last 1)
+27.8%
Avg reaction (last 1)
+3.1%
100% positive
Latest IV / EM
61%
EM ±5.7% · $42 · Jun 12

Earnings trends

EPS — actual vs estimate Actual Estimate
$-0.39$-0.02$0.35$0.71$1.08 Actual $1.08Actual $0.31Actual $-0.39Actual $0.58Actual $0.11Actual $-0.13Est $-0.18Actual $0.39Actual $0.10Actual $0.45 JunSepMarJunSepMar/2025JunSepMar
Revenue vs Net Income Revenue Net income
$-149M$-15M$118M$252M$385M Jun 24Sep 24Mar 25Jun 25Sep 25Mar 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Tue Mar 31, 2026Mar 2026 $0.45 financials
Tue Sep 30, 2025Sep 2025 $0.10 financials
Mon Jun 30, 2025Jun 2025 $0.39 financials
Wed Apr 23, 2025Mar/2025 $-0.13 $-0.18 +27.8% +3.1% earnings
Mon Sep 30, 2024Sep 2024 $0.11 financials
Sun Jun 30, 2024Jun 2024 $0.58 financials
Sun Mar 31, 2024Mar 2024 $-0.39 financials
Sat Sep 30, 2023Sep 2023 $0.31 financials
Fri Jun 30, 2023Jun 2023 $1.08 financials

Financials

Income statement (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue
Cost of revenue
Gross profit
Operating income$330M$35M$225M$-223M$38M$398M
Net income$227M$54M$213M$-149M$67M$367M
EPS (diluted)$0.45$0.10$0.39$-0.26$0.11$0.58

Balance sheet (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Cash & equivalents$3.33B$3.23B$2.90B$3.48B$8.13B$7.51B$8.50B$8.14B
Inventory
Total current assets$5.97B$5.64B$5.39B$6.09B$10.73B$11.27B$11.93B$12.75B
Total assets$29.36B$29.06B$28.31B$28.71B$33.21B$33.75B$34.85B$35.56B
Long-term debt
Total liabilities
Total equity$6.88B$7.98B$7.78B$8.00B$9.37B$10.35B$10.41B$10.46B

Implied volatility — last 90 days

56%58%61%63%66% Jun 07 — IV 61% · EM ±5.7%

Sector peers

🔒 Preview mode. Create a free account to unlock the full earnings calendar, all panels, heatmaps, options flow, and screener.