Board of directors (12)
Directors with a Section 16 filing in the last 13 months. “Since” is the first filing as a director; SEC data sets start in 2016.
Executive officers (7)
Company facts
- Chair
- —
- In S&P 500 since
- Jul 1994
- Incorporated in
- TX
- Fiscal year ends
- December
- SEC industry
- Air Transportation, Scheduled
- SEC filings
- EDGAR
Connections to other S&P 500 companies
Current directors and officers who also hold a role at another S&P 500 company.
Major holders (5% or more)
Latest Schedule 13D/13G filing per holder. Holders that reported falling below 5% are not shown. Index funds usually report once a year.
No 5% holder filings parsed yet for this company.
Insider trades
Open-market purchases and sales reported on Form 4. Grants, option exercises and tax withholding are excluded.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| Apr 7, 2026 | Lisa M. Atherton Director | Sale | 118 | $37.95 | $4K |
| Dec 5, 2025 | Justin Jones EVP & Chief Commercial Officer | Sale | 8,085 | $37.36 | $302K |
| Aug 6, 2025 | Gregg A. Saretsky Director | Buy | 2,745 | $30.03 | $82K |
| Aug 6, 2025 | Gregg A. Saretsky Director | Buy | 600 | $30.03 | $18K |
| Aug 5, 2025 | Sarah Feinberg Director | Buy | 200 | $30.01 | $6K |
| Aug 5, 2025 | Sarah Feinberg Director | Buy | 1,300 | $30.01 | $39K |
| Apr 30, 2025 | Gregg A. Saretsky Director | Buy | 3,670 | $27.29 | $100K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 1,500 | $26.92 | $40K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 800 | $26.93 | $22K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 1,154 | $26.94 | $31K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 400 | $26.95 | $11K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 100 | $26.96 | $3K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 927 | $27.00 | $25K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 100 | $26.74 | $3K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 400 | $26.77 | $11K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 100 | $26.78 | $3K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 900 | $26.79 | $24K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 100 | $26.80 | $3K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 400 | $26.81 | $11K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 400 | $26.83 | $11K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 900 | $26.85 | $24K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 500 | $26.86 | $13K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 651 | $26.87 | $17K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 68 | $26.88 | $2K |
| Apr 29, 2025 | Pierre R. Breber Director | Buy | 200 | $26.89 | $5K |
Board and executive changes
Every 8-K with Item 5.02 (departure, election or appointment of directors and officers). The text is the first paragraph of the item.
- Aug 10, 2026
Item 5.02(d) On August 10, 2026, the Board of Directors (the "Board") of Southwest Airlines Co. (the "Company") appointed Varun Krishna and Jason T. Liberty as members of the Board, effective immediately. Mr. Krishna is the Chief Executive Officer of Rocket Companies, Inc. and interim Chief Executive Officer of Redfin. Mr. Liberty is the Chair and Chief Executive Officer of Royal Caribbean Cruises Ltd. Non-employee members of the Company’s Board, including Mr. Krishna and Mr. Liberty, currently receive the following compensation: (i) an annual retainer fee for membership on the Board of $100,000 (which will be pro-rated for Mr. Krishna and Mr.
Read the 8-K filing - Aug 7, 2026
Item 5.02(e) On August 5, 2026, the Compensation Committee (“Committee”) of the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”) approved changes to annual base salaries, effective August 15, 2026, and long-term incentive opportunity targets for certain officers of the Company, including the Company’s named executive officers. The Committee also recommended, and the independent directors of the Board approved, changes to Bob Jordan’s annual base salary, effective August 15, 2026, and long-term incentive opportunity target.
Read the 8-K filing - Feb 10, 2026
Item 5.02(b) On February 9, 2026, C. David Cush and Gregg A. Saretsky each submitted his resignation from the Board of Directors (“Board”) of Southwest Airlines Co. (the “Company”), effective February 23, 2026. Neither departure from the Board described herein is due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Read the 8-K filing - Mar 31, 2025
Item 5.02(c) On March 28, 2025 , the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”) unanimously appointed J. Ryan Martinez to assume the responsibilities of the Company’s principal accounting officer, effective April 1, 2025, at which time Tammy Romo will step down from that role. Mr. Martinez, 45, is the Company’s Senior Vice President Finance & Controller. He previously served as Vice President Investor Relations of the Company from 2021 to 2023 and Managing Director Investor Relations from 2017 to 2021. Mr. Martinez did not enter into any material plan, contract, or arrangement or material amendment or receive any grant or award in connection with his designation as principal accounting officer. Mr.
Read the 8-K filing - Feb 10, 2025
Item 5.02(c) On February 10, 2025, the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”) unanimously elected Tom Doxey to succeed Tammy Romo as Executive Vice President & Chief Financial Officer and assume the responsibilities of the Company’s principal financial officer, effective March 10, 2025, at which time Ms. Romo will step down from that role. Mr. Doxey, 45, is an experienced aviation executive, where he most recently served as President of Breeze Airways from 2022 to 2024. He also served as Senior Vice President, Technical Operations at United Airlines, Inc. (“United Airlines”) from 2019 to 2022 and CFO, Operations at United Airlines from 2016 to 2019. Mr. Doxey’s aviation career began in financial planning and fleet management roles at Allegiant Air and US Airways.
Read the 8-K filing - Feb 7, 2025
Item 5.02(b) On February 4, 2025, Eduardo F. Conrado and Elaine Mendoza, each a member of the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”), notified the Company and the Board that they will not stand for re-election at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will retire from the Board effective immediately following the 2025 Annual Meeting.
Read the 8-K filing - Jan 10, 2025
(b) On January 7, 2025, Tammy Romo, Executive Vice President & Chief Financial Officer of Southwest Airlines Co. (the “Company”), submitted her resignation from the position of Executive Vice President & Chief Financial Officer, effective April 1, 2025. On January 8, 2025, Linda Rutherford, Chief Administration Officer of the Company, submitted her resignation from the position of Chief Administration Officer, effective April 1, 2025.
Read the 8-K filing - Nov 7, 2024
As previously reported by Southwest Airlines Co. (the “Company”) in a Current Report on Form 8-K filed with the Securities and Exchange Commission on October 24, 2024 (the “Initial Form 8-K”), the Company announced that Pierre Breber, David Cush, Sarah Feinberg, David Grissen, Gregg Saretsky and Patricia Watson (the “New Directors”) were each appointed to the Company’s Board of Directors (the “Board”), effective 11:59 p.m. Central Time on November 1, 2024. This Current Report on Form 8-K/A is being filed as an amendment to the Initial Form 8-K to report that, effective 11:59 p.m. Central Time on November 1, 2024, the Board made certain committee appointments of its New Directors. As a result, the committees of the Board consist of the following directors: 1.
Read the 8-K filing - Oct 24, 2024
Item 5.02(b) On October 23, 2024, (i) Gary C. Kelly, Executive Chairman of the Board, notified the Company and the Board that he will retire from the Board and his office of Executive Chairman of the Board, effective 11:59 p.m. Central Time on November 1, 2024 and (ii) David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau each submitted his or her resignation from the Board, effective 11:59 p.m. Central Time on November 1, 2024. None of the departures from the Board described herein are due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Read the 8-K filing - Sep 26, 2024
Item 5.02(d) On September 26, 2024, the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company” or “Southwest”) appointed Robert L. Fornaro as a member of the Board, effective immediately. Mr. Fornaro is an accomplished airline executive with over three decades of experience in the industry. He previously served on the Board of Directors of Spirit Airlines beginning in May 2014 until January 2019 and as President and Chief Executive Officer from January 2016 until January 2019, during which time he led the low-cost carrier through a period of substantial growth and transformation. Previously, he was President and Chief Executive Officer of AirTran Holdings Inc. from November 2007 until May 2011. Mr.
Read the 8-K filing - Sep 10, 2024
Item 5.02(b) On September 9, 2024, Gary C. Kelly, Executive Chairman of the Board of Directors (the “Board”) of Southwest Airlines Co. (the “Company”) notified the Company and the Board that he will not stand for re-election at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and will retire from the Board and his office of Executive Chairman of the Board, effective immediately following the 2025 Annual Meeting. On September 9, 2024, David W. Biegler, J. Veronica Biggins, Roy Blunt, William H. Cunningham, Thomas W. Gilligan, and Jill A. Soltau (the “Resigning Directors”) each submitted his or her resignation from the Board, effective immediately following the Company’s regularly scheduled fourth quarter Board meeting (currently scheduled for November 21, 2024).
Read the 8-K filing - Jul 9, 2024
Item 5.02(d) On July 7, 2024, the Board of Directors (the "Board") of Southwest Airlines Co. (the "Company") appointed Rakesh Gangwal as a member of the Board, effective July 7, 2024. Mr. Gangwal is the co-founder of India’s largest airline by fleet size and passengers carried, InterGlobe Aviation, known as IndiGo. Before co-founding IndiGo in 2006, Mr. Gangwal served as Chairman, President, and Chief Executive Officer of Worldspan Technologies, a provider of technology and information services to the travel and transportation industry. Prior to his time at Worldspan, Mr. Gangwal served as President and Chief Executive Officer of US Airways Group, and previously as its Chief Operating Officer. Mr. Gangwal previously served in executive roles at Air France and United Airlines. Non-employee members of the Company’s Board, including Mr.
Read the 8-K filing - May 20, 2024
Item 5.02(e) On May 15, 2024, at the 2024 Annual Meeting of Shareholders of Southwest Airlines Co. (the “Company”), the Company’s Shareholders approved the Southwest Airlines Co. Amended and Restated 2007 Equity Incentive Plan (the “Plan”). The Plan provides for grants of stock options, restricted stock, restricted stock units, unrestricted shares of common stock, stock appreciation rights, and phantom shares, including grants in the form of performance awards (collectively, “Awards”). The Plan must be administered by the Board of Directors of the Company or by a committee of the Board whose members satisfy the independence criteria established by the Plan. The Board or committee, as applicable, will be referred to as the “committee.” Awards may be granted to any employee or advisor of the Company and any member of the Company’s Board of Directors.
Read the 8-K filing - May 1, 2024
(b) On April 26, 2024, Mark R. Shaw, Executive Vice President & Chief Legal & Regulatory Officer and Corporate Secretary of Southwest Airlines Co. (the “Company”), submitted his resignation from his positions of Executive Vice President & Chief Legal & Regulatory Officer and Corporate Secretary, effective June 1, 2024.
Read the 8-K filing - Jul 19, 2023
Item 5.02(d) On July 16, 2023, the Board of Directors (the "Board") of Southwest Airlines Co. (the "Company") appointed Roy Blunt as a member of the Board, effective July 16, 2023. Mr. Blunt is the Chairman of the Leadership Strategies Advisory Services Group in the Washington, D.C. office of Husch Blackwell Strategies and is a former United States Senator. Non-employee members of the Company’s Board, including Mr. Blunt, currently receive the following compensation: (i) an annual retainer fee for membership on the Board of $90,000 (which will be pro-rated for Mr.
Read the 8-K filing
Show 10 older changes
- Feb 7, 2023
Item 5.02(d) On February 1, 2023, the Board of Directors (the "Board") of Southwest Airlines Co. (the "Company") appointed Jill Soltau as a member of the Board, effective February 15, 2023. Ms. Soltau is the former Chief Executive Officer of J.C. Penney Company, Inc. Non-employee members of the Company’s Board, including Ms. Soltau, currently receive the following compensation: (i) an annual retainer fee for membership on the Board of $85,000 (which will be pro-rated for Ms.
Read the 8-K filing - Sep 28, 2022
On September 25, 2022, Michael G. Van de Ven, President & Chief Operating Officer of Southwest Airlines Co. (the “Company”), submitted his resignation from his position of Chief Operating Officer, effective at the end of September 2022, and from his position of President, effective at the end of 2022. In connection with Mr. Van de Ven’s resignation, the Board of Directors of the Company (the “Board”) unanimously elected Andrew M. Watterson to succeed to the position of Chief Operating Officer, effective October 1, 2022, and Robert E. Jordan to succeed to the position of President, effective January 1, 2023. Mr. Jordan will also retain his role as the Company’s Chief Executive Officer. Mr. Jordan, age 62, has served as the Company’s Chief Executive Officer since February 2022 and has been a member of the Board since February 2022. Mr.
Read the 8-K filing - Feb 7, 2022
As previously reported by Southwest Airlines Co. (the “Company”) in a Current Report on Form 8-K filed with the Securities and Exchange Commission on June 24, 2021 (the “Initial Form 8-K”), the Company announced that, effective February 1, 2022, Robert E. Jordan has been appointed Chief Executive Officer of the Company. At the time of the filing of the Initial Form 8-K, the Compensation Committee (the “Committee”) of the Board of Directors of the Company had not determined Mr. Jordan’s compensation in connection with his new role. This Current Report on Form 8-K/A is being filed as an amendment to the Initial Form 8-K to report that on February 1, 2022, the Committee approved an increase in Mr.
Read the 8-K filing - Nov 22, 2021
Item 5.02(d) On November 18, 2021, the Board of Directors (the "Board") of Southwest Airlines Co. (the "Company") appointed David Hess as a member of the Board, effective November 18, 2021. Mr. Hess is the former Chief Executive Officer of Arconic Corporation. Non-employee members of the Company’s Board, including Mr. Hess, currently receive the following compensation: (i) an annual retainer fee for membership on the Board of $85,000 (which will be pro-rated for Mr.
Read the 8-K filing - Sep 15, 2021
On September 13, 2021, Thomas M. Nealon, President of Southwest Airlines Co. (the “Company”), submitted his resignation from the Company, effective September 13, 2021. In connection with Mr. Nealon’s resignation, the Board of Directors of the Company unanimously elected Michael G. Van de Ven to succeed to the position of President, effective September 13, 2021. Mr. Van de Ven will also retain his role as the Company’s Chief Operating Officer. Mr. Van de Ven, 59, has served as the Company's Chief Operating Officer since May 2008. Mr.
Read the 8-K filing - Jun 24, 2021
On June 22, 2021, the Board of Directors of Southwest Airlines Co. (the “Company”) unanimously elected Robert E. Jordan to succeed Gary C. Kelly as the Company’s Chief Executive Officer, effective February 1, 2022. At such time, Mr. Kelly, who has been with the Company for 35 years, will no longer serve as the Company’s Chief Executive Officer, but will continue to serve the Company as Executive Chairman of the Board of Directors. The Board of Directors also appointed Mr. Jordan as a member of the Board, effective February 1, 2022. Mr. Jordan, 60, has served as the Company's Executive Vice President Corporate Services since July 2017. Mr.
Read the 8-K filing - Jul 3, 2017
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. Effective June 30, 2017, Arthur Jefferson Lamb III resigned from his employment with Southwest Airlines Co. (the “ Company ”). Effective June 30, 2017, Mr. Lamb entered into a consulting agreement with the Company (the “ Consulting Agreement ”). The Consulting Agreement provides that Mr. Lamb will be available to the Company on an as needed basis, but not to exceed ten hours per month, for a period beginning on June 30, 2017 and ending on June 30, 2018, unless terminated sooner. The term of the Consulting Agreement may be extended beyond June 30, 2018 by mutual agreement of Mr. Lamb and the Company. The Consulting Agreement provides that Mr. Lamb will receive an hourly rate of $200.00 for consulting services actually rendered. Mr.
Read the 8-K filing - May 25, 2017
On May 22, 2017, Jeff Lamb, Executive Vice President of Corporate Services of Southwest Airlines Co. (the “Company”), submitted his resignation from the Company effective June 30, 2017. Concurrent with the Company’s announcement of Mr. Lamb’s departure, the Company announced that Bob Jordan, the Company’s Executive Vice President & Chief Commercial Officer, will assume the role of Executive Vice President of Corporate Services effective July 1, 2017. The Company also announced that Andrew Watterson, the Company’s Senior Vice President & Chief Revenue Officer, will be promoted to Executive Vice President & Chief Revenue Officer effective July 1, 2017.
Read the 8-K filing - Jan 12, 2017
On January 10, 2017, Thomas M. Nealon was appointed as President of Southwest Airlines Co. (the “Company”), effective the same day. Mr. Nealon, 55, previously served as the Company’s Executive Vice President Strategy & Innovation since January 2016. Prior to becoming an executive officer of the Company, Mr. Nealon served on the Company’s Board of Directors from December 2010 until November 2015. Mr. Nealon has also served as Group Executive Vice President of J.C. Penney Company, Inc., a retail company, from August 2010 until December 2011. In this role Mr. Nealon was responsible for Strategy, jcp.com, Information Technology, Customer Insights, and Digital Ventures. Mr. Nealon also served as J.C. Penney’s Executive Vice President & Chief Information Officer from September 2006 until August 2010. Prior to joining J.C. Penney, Mr.
Read the 8-K filing - Feb 2, 2016
Director or officer change (Item 5.02). Open the filing for details.
Read the 8-K filing
Proxy statements (DEF 14A): 2026 · 2025 · 2024 · 2023 · 2022 · 2021
Share price
Annual financials
From the company's 10-K XBRL data (SEC companyfacts).
| Fiscal year | Revenue | Net income | Margin | Diluted EPS | Total assets |
|---|---|---|---|---|---|
| FY2025 | $28.1B | $441.0M | 1.6% | $0.79 | $29.1B |
| FY2024 | $27.5B | $465.0M | 1.7% | $0.76 | $33.8B |
| FY2023 | $26.1B | $465.0M | 1.8% | $0.76 | $36.5B |
| FY2022 | $23.8B | $539.0M | 2.3% | $0.87 | $35.4B |
| FY2021 | $15.8B | $977.0M | 6.2% | $1.61 | $36.3B |
| FY2020 | $9.0B | -$3.1B | -34.0% | $-5.44 | $34.6B |
| FY2019 | $22.4B | $2.3B | 10.3% | $4.27 | $25.9B |
| FY2018 | $22.0B | $2.5B | 11.2% | $4.29 | $26.2B |
Former directors and officers (32)
People who stopped filing as an insider of this company. “Last filing” is the last Form 3/4/5, an upper bound on when they left.