Elliott Investment Management L.P. Reduces $945M in Southwest Airlines Co. ($LUV)
Key Points
- Elliott Investment Management L.P. changed its Southwest Airlines Co. ($LUV) stake by 40.6% last quarter, cutting to 30,346,000 shares worth $1.38 billion.
- Wall Street's consensus rating on $LUV is Hold and an average price target of $45.64.
- $LUV last traded around $45.47.
Elliott Investment Management L.P. reduced its position in Southwest Airlines Co. ($LUV) by 40.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,346,000 shares of Southwest Airlines Co. after selling 20,782,500 shares during the quarter. Elliott Investment Management L.P.'s holdings in Southwest Airlines Co. were worth $1.38 billion as of its most recent filing.
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About Southwest Airlines Co.
Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and internationally. It also provides Rapid Rewards loyalty program; SWABIZ, an online booking tool; and inflight entertainment platform that includes movies-on-demand live and on-demand television, flight tracker, and additional curated content, as well as a variety of premium snacks and coffee. In addition, the company offers ancillary services, such as in-flight purchases, baggage fees, EarlyBird Check-In, and upgraded boarding, as well as transportation of pets and unaccompanied minors. As of December 31, 2025, the company operated a total fleet of 803 Boeing 737 aircraft; and served 117 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. Southwest Airlines Co. was incorporated in 1967 and is headquartered in Dallas, Texas.
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