LUV
Southwest Airlines Co.Evidence as of 2026-09-03Overview · Southwest Airlines Co.
Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2022, the company operated a total fleet of 770 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexi…
Management team
- Mr. Jason Van Eaton · Executive VP and Chief Regulatory & Corporate Affairs OfficerFind on LinkedIn
- Mr. J. Ryan Martinez · Principal Accounting Officer, Senior VP of Finance & ControllerFind on LinkedIn
- Mr. Tom Doxey · Executive VP & CFOFind on LinkedIn
- Mr. Andrew M. Watterson · Chief Operating OfficerFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.1 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The surviving evidence gives a mixed read of recent fundamentals and market signals. Revenue rose from $ 7,249,000,000 in fiscal Q1 2026 (fiscal quarter ended 2026-04-22) to $ 8,432,000,000 in fiscal Q2 2026 (fiscal quarter ended 2026-07-22), while net income moved modestly from $ 227,000,000 to $ 233,000,000 and diluted EPS from $ 0.45 to $ 0.47 over the same two quarters. Shares outstanding declined from 569,865,799 as of 2025-04-23 to 489,208,201 as of 2026-07-22, cash rose to $ 3,791,000,000 as of 2026-06-30, and trailing FCF is $ 1,235,000,000 (fcf_per_share = $ 2.5051) with P/FCF = 15.41, EV/EBITDA = 8.11 and trailing P/E = 27.38.
Market signals are mixed: 6‑month momentum is -17.4% (10th percentile of 547) while a 12_1 momentum measure is reported at +66.5% (87th percentile), short-term annualized volatility is about 40%, beta to the S&P 500 is 1.54, and the price sits below both the 50‑ and 200‑day moving averages even though a golden_cross flag is true (cross_age_days = 296). The evidence set also shows a Form 4 filed 2026-08-25 whose parsed fields were skipped, and news reporting of a planned lounge rollout in 2027.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue increased from $7,249,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) to $8,432,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0000092380-26-000047Net income rose modestly from $227,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) to $233,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0000092380-26-000047Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
A Form 4 disclosure for Southwest Airlines Co. was filed on 2026-08-25.
4 filed 2026-08-25The provided evidence record indicates the Form 4 parsing status was marked as 'skipped' in the dataset, meaning the filing content was not parsed into extracted fields in this evidence set.
4 filed 2026-08-25Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Momentum over the past 6 months is -17.4% (momentum_6m = -17.4%), ranking in the 10th percentile of the 547-stock research universe on 2026-09-02.
Moneyta signal set · 2026-09-02The 12_1 momentum measure is +66.5% (momentum_12_1 = +66.5%), which ranks in the 87th percentile of the 547-stock research universe on 2026-09-02.
Moneyta signal set · 2026-09-02weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02, the iShares Core S&P 500 ETF (IVV) held Southwest Airlines Co. at 0.04% of the fund.
ETF constituents · market dataA Form 4 insider filing for Southwest Airlines Co. was filed on 2026-08-25 (the 4 filed 25 August 2026); the parsed record shows parse_status = "skipped" and no primary document URL in the provided evidence.
Form 4 × 1 (90d window not enforced here)Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple mainstream outlets published pieces on 2 September 2026 about Southwest rolling out its first-ever airport lounges, framing it as a company-specific product rollout.
News · cnn.com · 2026-09-02CBS News reported on 2 September 2026 that Baltimore/Washington International Thurgood Marshall Airport (BWI) will be one of the first Southwest lounge locations.
News · cbsnews.com · 2026-09-02Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
On 2026-08-21, Martinez Jimmy Ryan (Principal Accounting Officer) reported a disposition of 179 shares valued at "$7k" (action: "code F").
Form 4 · Martinez Jimmy Ryan (Principal Accounting Officer) · $7k code F · 2026-08-21The filing does not indicate a trading plan for this transaction (trading_plan: null in the filing).
Form 4 · Martinez Jimmy Ryan (Principal Accounting Officer) · $7k code F · 2026-08-21Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Under the stated discount and terminal assumptions, the price implies a free cash flow growth rate of 2.82% (implied_growth = 0.0282).
Valuation inputs · SEC XBRL + stored EOD closeValuation multiples in the filing show price-to-free-cash-flow (P/FCF) of 15.41 and free cash flow per share of $2.5051 (fcf_ttm = 1235000000.0; fcf_per_share = 2.5051).
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific fundamentals point to an improving operational and capital-return profile: sequential revenue, net income, and diluted EPS rose from Q1 to Q2 2026, cash balances increased, total assets ticked higher, and shares outstanding have fallen meaningfully year-over-year — all of which jointly support a constructive reading of earnings power and shareholder dilution reduction. Valuation and cash-flow metrics (P/FCF ~15.4, EV/EBITDA ~8.1, trailing FCF and operating cash flow) indicate the firm is generating material free cash flow relative to its enterprise value, while a multi-analyst street consensus includes more buy/maintain buy ratings than sells. Market signals that are sometimes viewed positively include strong 12_1 momentum (in the 87th percentile), a golden-cross technical flag despite current price being below moving averages, and a modest dividend yield with multi-year growth. In rebuttal to bearish points: the 6-month negative momentum reflects a recent price pullback that contrasts with the strong 12-month performance rather than company operating deterioration; higher short-term volatility and elevated beta describe market sensitivity rather than a company-specific earnings failure; the Form 4/insider trace sale is immaterial in size and parsing gaps limit its evidentiary weight; and quarter-to-quarter buyback timing (Q1 repurchases vs Q2 none) is visible in the data but does not negate the large year-over-year share count reduction already recorded.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.32
29 surviving claims rest on 14 distinct sources; the heaviest analyst carries 21% of them, and 98% of what the desk raised survived the debate.
The evidence set is moderately concentrated: 29 surviving claims draw on 14 sources and one analyst accounts for a noticeable share, so a few sources/voices carry outsized influence on the read. The very high internal survival rate (98%) means the desk kept most assertions after debate — that raises the chance that overlooked counter-evidence or parsing gaps could persist. Treat the package as informative but somewhat fragile: useful for situational awareness, but not robust enough to be the sole basis for high‑confidence conclusions.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
13 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.8 to the score
1 document
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.1 to the score
2 holdings records
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.5 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 filing
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−0.7 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.