Southwest Airlines
Dallas, Texas, United States · airlines/aviation, Air Transportation, Leisure
Southwest Airlines Co. is a major American airline headquartered in Dallas, Texas, and is the world's largest low-cost carrier. The airline was established in 1967 and adopted its current name in 1971.
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Key facts
- Headquarters
- Dallas, Texas, United States
- Employees
- 72,000
- Industries
- airlines/aviation, Air Transportation, Leisure
- Status
- Public (LUV)
- Website
- southwest.com
- Company page
Recent activity at Southwest Airlines
- : SEC 8-K (1.01): On November 2, 2026, Southwest Airlines Co. completed a public offering of $1,250,000,000 in debt securities. This includes $600,000,000 of 5.750% Notes due 2029 and $650,000,000 of 6.000% Notes due 2031, issued under a previously established indenture. The offering was underpinned by various financial institutions including Barclays Capital Inc. and Wells Fargo Securities, LLC. The terms and conditions of these notes were detailed in a prospectus supplement filed on October 26, 2026, marking a significant capital acquisition for the Company aimed at strengthening its financial position.
- : SEC 8-K (1.01): On August 10, 2026, Southwest Airlines Co. (the 'Company') entered into a new $2 billion five-year revolving credit facility agreement with a syndicate of lenders, including JPMorgan Chase Bank, N.A. and Citibank, N.A. This new revolving credit agreement replaces the previous facility dated August 3, 2016, which was set to expire on August 4, 2028. The new agreement includes an accordion feature allowing the facility size to be increased to $3 billion, subject to conditions. The financial terms include interest rates based on the Company's Index Debt Rating with margins of 0.875% to 1.625% for Term SOFR Rate loans, and 0.000% to 0.625% for Alternate Base Rate loans, with specific financial covenants related to collateral values. As of this date, there are no amounts outstanding under the new agreement, underscoring the strategic shift in the Company's financing options.
- : SEC 8-K (5.02): On August 10, 2026, Southwest Airlines Co. appointed Varun Krishna and Jason T. Liberty as new members of its Board of Directors. Mr. Krishna is the CEO of Rocket Companies, Inc. and an interim CEO of Redfin, while Mr. Liberty is the CEO of Royal Caribbean Cruises Ltd. Both new directors will receive an annual retainer of $100,000 and various travel privileges on Southwest Airlines. These benefits also include free travel for their families and additional flight passes, with terms based on their duration of service on the Board. This change is significant as it introduces new leadership perspectives that could enhance the strategic direction of the Company.
Employee benefit plans
Southwest Airlines files 11 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
About Southwest Airlines: questions and answers
What does Southwest Airlines do?
Southwest Airlines Co. is a major American airline headquartered in Dallas, Texas, and is the world's largest low-cost carrier. The airline was established in 1967 and adopted its current name in 1971.
Where is Southwest Airlines headquartered?
Southwest Airlines is headquartered in Dallas, Texas, United States.
How many employees does Southwest Airlines have?
Southwest Airlines has about 72,000 employees.
What is the latest news on Southwest Airlines?
On Nov 02, 2026, SEC 8-K (1.01): On November 2, 2026, Southwest Airlines Co. completed a public offering of $1,250,000,000 in debt securities. This includes $600,000,000 of 5.750% Notes due 2029 and $650,000,000 of 6.000% Notes due 2031, issued under a previously established indenture. The offering was underpinned b
Is Southwest Airlines a public company?
Yes. Southwest Airlines is publicly traded under the ticker LUV.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy