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$46.42+6.84%
as of close, Nov 4, 2026
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Southwest Airlines Company monthly returns

Southwest Airlines Company has averaged 1.34% per month, positive in 54% of months. Month-by-month returns for Southwest Airlines Company (LUV) below, through November 4, 2026 — the table lists the most recent months; the bar chart plots the last 5 years.

Average month
+1.3%
551 months
Best month
+35.0%
Jan 1991
Worst month
-26.8%
Jul 1981
Positive months
54%
of all months

Southwest Airlines Company monthly returns#

Southwest Airlines Company total return by month
MonthTotal return
Nov 2026
+9.4%
Oct 2026
+1.9%
Sep 2026
+8.6%
Aug 2026
-14.3%
Jul 2026
-12.4%
Jun 2026
+20.0%
May 2026
+13.3%
Apr 2026
+0.9%
Mar 2026
-23.4%
Feb 2026
+3.7%
Jan 2026
+15.0%
Dec 2025
+19.2%
Nov 2025
+14.9%
Oct 2025
-5.0%
Sep 2025
-2.5%
Aug 2025
+6.4%
Jul 2025
-4.7%
Jun 2025
-2.3%
May 2025
+19.4%
Apr 2025
-16.7%
Mar 2025
+8.8%
Feb 2025
+1.1%
Jan 2025
-8.7%
Dec 2024
+4.4%
Nov 2024
+5.8%
Oct 2024
+3.2%
Sep 2024
+3.1%
Aug 2024
+7.3%
Jul 2024
-5.8%
Jun 2024
+7.3%
May 2024
+3.5%
Apr 2024
-11.1%
Mar 2024
-14.4%
Feb 2024
+14.7%
Jan 2024
+3.5%
Dec 2023
+13.6%
Nov 2023
+15.0%
Oct 2023
-17.9%
Sep 2023
-13.8%
Aug 2023
-7.5%
Jul 2023
-5.7%
Jun 2023
+21.9%
May 2023
-1.4%
Apr 2023
-6.9%
Mar 2023
-2.6%
Feb 2023
-6.1%
Jan 2023
+6.8%
Dec 2022
-15.6%
Nov 2022
+9.8%
Oct 2022
+17.9%
Sep 2022
-16.0%
Aug 2022
-3.7%
Jul 2022
+5.5%
Jun 2022
-21.2%
May 2022
-1.8%
Apr 2022
+2.0%
Mar 2022
+4.6%
Feb 2022
-2.1%
Jan 2022
+4.5%
Dec 2021
-3.5%
Nov 2021
-6.1%
Oct 2021
-8.1%
Sep 2021
+3.3%
Aug 2021
-1.5%
Jul 2021
-4.8%
Jun 2021
-13.6%
May 2021
-2.1%
Apr 2021
+2.8%
Mar 2021
+5.0%
Feb 2021
+32.3%
Jan 2021
-5.7%
Dec 2020
+0.6%
Nov 2020
+17.2%
Oct 2020
+5.4%
Sep 2020
-0.2%
Aug 2020
+21.7%
Jul 2020
-9.6%
Jun 2020
+6.5%
May 2020
+2.7%
Apr 2020
-12.2%
Mar 2020
-22.6%
Feb 2020
-16.0%
Jan 2020
+1.9%
Dec 2019
-6.0%
Nov 2019
+2.7%
Oct 2019
+3.9%
Sep 2019
+3.2%
Aug 2019
+1.9%
Jul 2019
+1.5%
Jun 2019
+7.1%
May 2019
-12.2%
Apr 2019
+4.5%
Mar 2019
-7.1%
Feb 2019
-1.3%
Jan 2019
+22.1%
Dec 2018
-14.6%
Nov 2018
+11.2%
Oct 2018
-21.4%
Sep 2018
+1.9%
Aug 2018
+5.7%
Jul 2018
+14.3%
Jun 2018
-0.1%
May 2018
-3.3%
Apr 2018
-7.8%
Mar 2018
-0.8%
Feb 2018
-4.9%
Jan 2018
-7.1%
Dec 2017
+8.1%
Nov 2017
+12.6%
Oct 2017
-3.8%
Sep 2017
+7.4%
Aug 2017
-5.9%
Jul 2017
-10.7%
Jun 2017
+3.6%
May 2017
+6.9%
Apr 2017
+4.6%
Mar 2017
-6.8%
Feb 2017
+10.5%
Jan 2017
+5.0%
Dec 2016
+7.2%

Monthly total return (since Dec 2021)#

Southwest Airlines Company returns by calendar month#

Every month of every year since 1981, one tick per year on a shared scale; the dark bar is the month's average. Total returns, dividends reinvested.

November 2026 so far: +9.40% — 20th of 46 Novembers since 1981 at the last close; the average November returned +5.6%.

Southwest Airlines Company returns by calendar month since 1981
Month−35%0+35%AverageUp
Jan+3.1%57%
Feb+2.8%59%
Mar+1.2%57%
Apr-0.0%52%
May+1.3%48%
Jun+1.4%52%
Jul+0.9%54%
Aug-2.0%35%
Sep+0.1%48%
Oct+1.6%65%
NovNovember 2026 so far: +9.4%+5.6%67%
Dec+0.0%49%

Methodology#

Monthly returns are total returns (dividends reinvested), computed from LUV's split- and dividend-adjusted month-end closes. The table shows the most recent 120 months and the bar chart the most recent 60. See the year-by-year returns for the annual view. Past performance does not predict future returns; not investment advice.

FAQ#

What is Southwest Airlines Company's average monthly return?
Southwest Airlines Company (LUV) has averaged about 1.34% per month, positive in roughly 54% of months. The best month was Jan 1991 (+35.0%) and the worst was Jul 1981 (-26.8%).

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