Southwest Airlines Stock: Is Wall Street Bullish or Bearish?

Founded in 1967, Southwest Airlines Co. (LUV) is a prominent player in the airline industry, known for its low-cost travel model and commitment to customer service. Headquartered in Dallas, Texas, Southwest has a market cap of $18.4 billion and operates one of the largest domestic flight networks in the United States, serving millions of passengers with reliable and affordable air travel. 

Shares of LUV have outperformed the broader market over the past year. The stock has gained 37.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.2%. However, in 2024, LUV is up 6% compared to SPX’s 20.1% rise on a YTD basis.