LUV NYSE
Southwest Airlines Co.
1W: +9.6%
1M: +2.8%
3M: -1.6%
YTD: +6.6%
1Y: +37.3%
3Y: +91.5%
5Y: -4.1%
$43.44
+0.59 (+1.38%)
Pre-Market: $43.56 (+0.12, +0.28%)
Weekly Expected Move ±4.9%
$38
$40
$42
$44
$46
Credit Risk of going bust: higher than 52% of companies Debt: 24.4% of company value Bonds: $179.5M held by 196 funds, 70 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.35 (down 97%), Southwest Airlines Co. would be worth roughly what it owes.
Total debt $6.87B against a stock market value of $21.25B.
Distance to default 4.92 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $4.02B (short-term plus half of long-term), stock volatility 43.3%; Altman Z'' 0.90. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.35 (down 97%), Southwest Airlines Co. would be worth roughly what it owes.
Total debt $6.87B against a stock market value of $21.25B.
Distance to default 4.92 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $4.02B (short-term plus half of long-term), stock volatility 43.3%; Altman Z'' 0.90. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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10 relationships10
As Filer
counterparties named
0
As Counterparty
mentioned by others
2
Rel. Types
2024-07-03
Earliest Filing
2025-02-19
Latest Filing
investor: 8
partner: 2
Counterparties (Filed by LUV)
10 relationshipsCompanies named in LUV's SEC 8-K filings as business counterparties.
| Counterparty | Ticker | Relationship | Summary | Filing Date | SEC |
|---|---|---|---|---|---|
| Elliott Investment Management L.P. | — | investor | Amendment to Cooperation Agreement increasing maximum economic exposure | 2025-02-19 | View |
| Elliott Associates, L.P. | — | investor | Amendment to Cooperation Agreement increasing maximum economic exposure | 2025-02-19 | View |
| Elliott International, L.P. | — | investor | Amendment to Cooperation Agreement increasing maximum economic exposure | 2025-02-19 | View |
| The Liverpool Limited Partnership | — | investor | Amendment to Cooperation Agreement increasing maximum economic exposure | 2025-02-19 | View |
| Elliott Investment Management L.P. | — | investor | Investment firm entering a Cooperation Agreement with Southwest Airlines Co. | 2024-10-24 | View |
| Elliott Associates, L.P. | — | investor | Investment firm entering a Cooperation Agreement with Southwest Airlines Co. | 2024-10-24 | View |
| Elliott International, L.P. | — | investor | Investment firm entering a Cooperation Agreement with Southwest Airlines Co. | 2024-10-24 | View |
| The Liverpool Limited Partnership | — | investor | Investment firm entering a Cooperation Agreement with Southwest Airlines Co. | 2024-10-24 | View |
| Equiniti Trust Company, LLC | — | partner | Trust company involved in the Rights Agreement terminated by the Company. | 2024-10-24 | View |
| Equiniti Trust Company, LLC | — | partner | Served as the rights agent for the shareholder rights plan agreement. | 2024-07-03 | View |
Recent 8-K Filings (20)
| Filing Date | Description | Type | SEC |
|---|---|---|---|
| 2026-10-21 | Earnings Release; Exhibits | View | |
| 2026-08-12 | Material Agreement; Termination of Agreement; Financial Obligation; Exhibits | Agreement | View |
| 2026-08-10 | Officer/Director Change | View | |
| 2026-08-07 | Officer/Director Change | View | |
| 2026-07-22 | Earnings Release; Exhibits | View | |
| 2026-05-19 | Material Agreement; Financial Obligation | Agreement | View |
| 2026-05-11 | Shareholder Vote | View | |
| 2026-04-22 | Earnings Release; Exhibits | View | |
| 2026-03-12 | Entry into Material Definitive Agreement; Creation of Direct Financial Obligation | Agreement | View |
| 2026-02-10 | Departure/Election of Directors; Appointment of Officers | View | |
| 2026-01-28 | Results of Operations and Financial Condition; Financial Statements and Exhibits | View | |
| 2025-12-05 | Regulation FD Disclosure | View | |
| 2025-11-03 | Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Other Events; Fin | Agreement | View |
| 2025-10-22 | Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Ex | View | |
| 2025-07-23 | Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Ex | View | |
| 2025-05-19 | Submission of Matters to a Vote of Security Holders | View | |
| 2025-05-19 | Material Modification to Rights of Security Holders; Amendments to Articles of Incorporation or Byla | View | |
| 2025-04-23 | Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Ex | View | |
| 2025-03-31 | Departure/Election of Directors; Appointment of Officers | View | |
| 2025-03-11 | Regulation FD Disclosure; Financial Statements and Exhibits | View |
Data extracted from SEC EDGAR 8-K filings using NLP. Relationships are as disclosed in filing text.
Covers 2021–2026. View on SEC EDGAR