Southwest Airlines Co

LUV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Southwest Airlines Earnings: Welcome Aboard the Slightly More Normal Southwest; Shares Fully Valued

Nicolas Owens

Jan 30, 2026

Southwest reported fourth-quarter results very much in line with our expectations, though the airline traded more empty seats for higher revenue per seat than we had foreseen. The company turned a corner in late January, having successfully rolled out its new seating and pricing plan.

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Southwest Airlines Co

Southwest Airlines Earnings: Welcome Aboard the Slightly More Normal Southwest; Shares Fully Valued

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