Southwest Airlines Co. (NYSE: LUV) reported third-quarter 2026 net income of $270 million, or $0.55 per diluted share, on record operating revenue of $8.422 billion. Revenue rose 21.2% from the prior-year quarter, while operating income was $379 million.
The airline said third-quarter operating margin was 4.5%, up 4.0 percentage points year over year. Fuel expense increased by $821 million from the third quarter of 2025.
- Passenger revenue was $7.754 billion, up 22.8% year over year.
- Total operating expenses rose 16.3% to $8.043 billion.
- RASM increased 21.6%, while capacity declined 0.4%.
- Southwest ended the quarter with $5.6 billion in liquidity, including $3.624 billion in cash and cash equivalents.
- The company distributed $176 million in dividends during the quarter.
- Fourth-quarter adjusted EPS guidance is $0.55 to $0.80.
$LUV Hedge Fund Activity
We have seen 441 institutional investors add shares of $LUV stock to their portfolio, and 399 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 8,864,414 shares (+inf%) to their portfolio in Q2 2026, for an estimated $455,808,167
- GOLDMAN SACHS GROUP INC added 6,890,529 shares (+195.8%) to their portfolio in Q2 2026, for an estimated $354,311,001
- ELLIOTT INVESTMENT MANAGEMENT L.P. removed 6,038,000 shares (-19.9%) from their portfolio in Q2 2026, for an estimated $310,473,960
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 4,705,282 shares (-96.9%) from their portfolio in Q2 2026, for an estimated $241,945,600
- CRAKE ASSET MANAGEMENT LLP added 4,145,899 shares (+142.0%) to their portfolio in Q2 2026, for an estimated $213,182,126
- UBS GROUP AG added 3,990,742 shares (+156.9%) to their portfolio in Q2 2026, for an estimated $205,203,953
- FIRST TRUST ADVISORS LP added 3,494,605 shares (+536.7%) to their portfolio in Q2 2026, for an estimated $179,692,589
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$LUV Congressional Stock Trading
Members of Congress have traded $LUV stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LUV stock by members of Congress over the last 6 months:
- REPRESENTATIVE MATTHEW VAN EPPS sold up to $15,000 on 06/16.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
