SOUTHWEST AIRLINES CO.
Southwest Airlines Co. is a Texas corporation registered with the Texas Secretary of State under registration number 601088548, incorporated on 18 March 1994, and currently listed as active. Its principal office is located in Dallas, Texas. The company operates as a major scheduled passenger airline, providing low-fare domestic and near-international air transportation across the United States.
As of 31 December 2025, Southwest Airlines Co. operated a fleet of 803 Boeing 737 aircraft, serving 117 destinations in 42 U.S. states, along with near-international markets. The company’s common stock trades on the New York Stock Exchange under the ticker symbol LUV.
For the fiscal year ended 31 December 2025, Southwest Airlines Co. reported operating revenue of approximately $28.06 billion and net income of $441 million on a GAAP basis, with an active full-time-equivalent headcount of 72,790 employees as of year-end 2025, according to the company’s Form 10-K filed with the U.S. Securities and Exchange Commission.
During 2025, Southwest Airlines Co. introduced several changes to its commercial model, including checked-bag fees and basic economy fares for most bookings from 28 May 2025, expanded overnight flying, and new distribution partnerships with several international airlines. Assigned seating and extra-legroom seating options began rolling out from 27 January 2026, alongside changes to the Rapid Rewards loyalty program’s earning and redemption rates. In February 2025, the company also completed a workforce reduction affecting approximately 1,750 corporate positions, recording $62 million in related severance and other costs.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
4
Southwest Airlines Co.’s ownership register lists four disclosed shareholders as of 4 September 2026: Vanguard Group Inc, holding approximately 13.6% of shares outstanding; Ameriprise Financial, Inc., holding approximately 2.8%; the Fidelity Concord Street Trust – Fidelity 500 Index Fund, holding approximately 1.5%; and the SPDR S&P 500 ETF Trust, holding approximately 1.4%. All four are asset managers or index funds holding shares in their capacity as investment managers rather than as individuals, consistent with Southwest Airlines Co.’s status as a New York Stock Exchange-listed company (ticker: LUV) with a broad institutional shareholder base.
This disclosure should be treated as a major-shareholders-only snapshot rather than a complete shareholder register. Independent institutional-ownership trackers that reference public 13F filings also report other large holders of Southwest Airlines Co. stock, including BlackRock, which is not included in the four holdings shown here, indicating that the list captures only some of the company’s largest reportable shareholders at the stated date rather than its full shareholder base.
Because every shareholder disclosed here is itself a company rather than a natural person, no Ultimate Beneficial Owner can be identified from this information alone; establishing one would require tracing the ownership of each shareholding entity in turn, which is not possible from the data available. Elliott Investment Management L.P. has also publicly disclosed a large economic interest in Southwest Airlines Co. of around 11%, obtained in mid-2024 partly through cash-settled derivative instruments, which may not be fully reflected in a conventional share register.
Data availability: Major shareholders only. The information reflects institutional filings for a widely held, publicly listed company rather than a complete beneficial-ownership disclosure.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| Vanguard Group Inc | 13.6% | Texas Secretary of State — SOSDirect | |
| Ameriprise Financial, Inc. | 2.8% | Texas Secretary of State — SOSDirect | |
| Fidelity Concord Street Trust-Fidelity 500 Index Fund | 1.5% | Texas Secretary of State — SOSDirect | |
| SPDR S&P 500 ETF TRUST | 1.4% | Texas Secretary of State — SOSDirect |
Officers
5
Southwest Airlines Co.’s filing with the Texas Secretary of State records 47 officers in total, of which the underlying data snapshot displays five, each carrying the role title Governor (the term used in this registry source for the company’s directors) and marked as active. All five are shown with the same correspondence address, 2702 Love Field Drive, Dallas, Texas – the company’s own corporate address, used here as a filing correspondence address rather than any individual’s residence. Nationality is not disclosed for any of these individuals in the Texas filing.
Verified public filings and company announcements confirm that this registry snapshot substantially predates Southwest Airlines Co.’s current board of directors. Two of the five individuals shown, William H. Cunningham and Thomas W. Gilligan, resigned from the board effective 1 November 2024 under a Cooperation Agreement between Southwest Airlines Co. and Elliott Investment Management L.P. A further two, Ron Ricks and John Montford, did not stand for re-election and left the board following the company’s 15 May 2024 Annual Meeting of Shareholders, as announced on 5 April 2024. Rakesh Gangwal was appointed independent Chair of the Board effective November 2024, following the resignation of then-Executive Chairman Gary C. Kelly on the same date.
Data availability: Historical. Texas company filings of this type are not continuously updated for board composition, and the Texas Secretary of State does not publish officer nationality. Southwest Airlines Co.’s current serving directors and executive officers differ from those shown in this registry snapshot; see the company’s SEC filings and investor relations website for current information.
Group Structure
Southwest Airlines Co. is the top-level entity in its corporate group; a review of the company’s own SEC filings did not identify a parent company controlling Southwest Airlines Co. Southwest Airlines Co.’s Form 10-K for the year ended 31 December 2025, filed with the U.S. Securities and Exchange Commission on 5 February 2026, lists five direct subsidiaries.
- AirTran Airways, Inc. – Delaware, United States – Direct subsidiary – ownership percentage not disclosed – information date 5 February 2026 (FY2025 Form 10-K)
- AirTran Holdings, LLC – Texas, United States – Direct subsidiary – ownership percentage not disclosed – information date 5 February 2026 (FY2025 Form 10-K)
- Southwest Jet Fuel Co. – Texas, United States – Direct subsidiary – ownership percentage not disclosed – information date 5 February 2026 (FY2025 Form 10-K)
- Triple Crown Assurance Co. – Texas, United States – Direct subsidiary – ownership percentage not disclosed – information date 5 February 2026 (FY2025 Form 10-K)
- Southwest Airlines India Private Limited – India – Direct subsidiary – ownership percentage not disclosed – information date 5 February 2026 (FY2025 Form 10-K)
Ownership percentages are not stated in the underlying SEC exhibit, so these subsidiaries should not be assumed to be wholly owned. No recent acquisitions, disposals or reorganisations affecting these entities have been identified from official sources at the time of writing.
Data availability: Partial. Direct subsidiaries are confirmed through the company’s own SEC filing, but ownership percentages, registration numbers and further indirect-subsidiary detail are not disclosed in that source.
Get complete shareholder and officer records, ultimate beneficial owner resolution, and ongoing ownership monitoring.
Frequently Asked Questions
What does SOUTHWEST AIRLINES CO. do?
Southwest Airlines Co. is a Texas-incorporated scheduled passenger airline that, as of 31 December 2025, operated 803 Boeing 737 aircraft to 117 destinations in 42 U.S. states and near-international markets.
Who owns SOUTHWEST AIRLINES CO.?
Public disclosures show four major disclosed shareholders as of 4 September 2026, led by Vanguard Group Inc at approximately 13.6 percent, alongside other institutional holders such as BlackRock that are not captured in that four-name list.
Who is SOUTHWEST AIRLINES CO.'s UBO (Ultimate Beneficial Owner)?
Because the disclosed shareholders of Southwest Airlines Co. are all corporate asset managers rather than individuals, no Ultimate Beneficial Owner can be identified from the available ownership data.
What is SOUTHWEST AIRLINES CO.'s company registration number?
SOUTHWEST AIRLINES CO.'s registration number is 601088548, filed with Texas Secretary of State — SOSDirect in United States. Its current status on the register is active.
Is SOUTHWEST AIRLINES CO. still an active company?
SOUTHWEST AIRLINES CO.'s status on Texas Secretary of State — SOSDirect is listed as active.
When was SOUTHWEST AIRLINES CO. incorporated?
SOUTHWEST AIRLINES CO. was incorporated on 18 March 1994, according to Texas Secretary of State — SOSDirect.
What is SOUTHWEST AIRLINES CO.'s registered address?
The registered address on file for SOUTHWEST AIRLINES CO. is Dallas, United States.
What legal structure is SOUTHWEST AIRLINES CO. registered as?
SOUTHWEST AIRLINES CO. is registered as a Public Limited Company in United States.
What is SOUTHWEST AIRLINES CO.'s revenue?
For the fiscal year ended 31 December 2025, Southwest Airlines Co. reported operating revenue of approximately 28.06 billion US dollars and net income of 441 million US dollars on a GAAP basis.
Is SOUTHWEST AIRLINES CO. listed on a stock exchange?
Southwest Airlines Co. common stock trades on the New York Stock Exchange under the ticker symbol LUV.
Who are the officers/directors of SOUTHWEST AIRLINES CO.?
Two of the five officers shown in the Texas registry filing, William H. Cunningham and Thomas W. Gilligan, resigned from the Southwest Airlines Co. board effective 1 November 2024, and the registry filing has not been updated to reflect the company current board.
Does SOUTHWEST AIRLINES CO. have a parent company or subsidiaries?
Southwest Airlines Co. FY2025 Form 10-K lists five direct subsidiaries, including AirTran Airways, Inc. and Southwest Airlines India Private Limited, with no parent company identified above Southwest Airlines Co. itself.
Can Zavia monitor changes to SOUTHWEST AIRLINES CO.'s ownership over time?
This profile reflects a point-in-time snapshot from Texas Secretary of State — SOSDirect. Zavia's monitoring API can track changes to SOUTHWEST AIRLINES CO.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access SOUTHWEST AIRLINES CO.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including United States, so records like SOUTHWEST AIRLINES CO.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Texas Secretary of State — SOSDirect and was last synced on 9 September 2026.