LUV
StockSouthwest Airlines Co.
Bigger than its usual dip. Not yet rare.
Southwest Airlines Co. is 18.3% off its high — deeper than its 6.5% average pullback, but it has been through 149 drawdowns before. Not historically significant yet — we'll say so if that changes.
Elevated
Current Drawdown
-18.3%
Days in Drawdown
3109
Avg Max Drawdown
6.5%
Avg Length
77
Drawdown Severity Score™
3.3
LUV - Price & High Water Mark
LUV - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Valuation vs Its Own History
Data as of July 8, 2026 · updated daily
Where today's valuation sits within LUV's own multi-year range. A lower percentile means today's ratio is lower than more of its past readings. This is context, not a recommendation.
Price to Sales
20 years of daily history
Price to Sales history
EV to EBITDA
20 years of daily history
EV to EBITDA history · log scale
Southwest Airlines Co. (LUV) Analysis: Current Drawdown Insights
Southwest Airlines Co. is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-09, the stock is trading at $49.22, which represents a 18.3% decline from its all-time high of $60.22. This drawdown has persisted for 3109 days.
Based on its full tracked price history, Southwest Airlines Co. typically experiences drawdowns averaging 6.5% in depth, with an average duration of 77 days. Southwest Airlines Co. has gone through 149 total drawdown events in its tracked history. The largest drawdown on record for Southwest Airlines Co. was 78.2%, beginning in 2001. The longest drawdown duration on record was 4804 days.
The Drawdown Severity Score™ for Southwest Airlines Co. currently stands at 3.31. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 3.0 and 5.0 indicates an elevated drawdown that's larger than this asset's historical averages.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Southwest Airlines Co.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 149 tracked pullbacks (66 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2018-01-03 | Ongoing | 3109 days | -18.3% | $60.22 | $49.22 | n/a |
| 2017-12-21 | 2018-01-02 | 13 days | -1.0% | $60.04 | $59.46 | $60.22 |
| 2017-07-10 | 2017-12-15 | 159 days | -20.9% | $58.11 | $45.98 | $58.78 |
| 2017-07-03 | 2017-07-05 | 3 days | -0.1% | $56.21 | $56.14 | $57.13 |
| 2017-06-29 | 2017-06-30 | 2 days | -0.3% | $56.09 | $55.91 | $56.21 |
| 2017-06-26 | 2017-06-28 | 3 days | -0.7% | $56.01 | $55.64 | $56.09 |
| 2017-06-06 | 2017-06-21 | 16 days | -3.3% | $55.17 | $53.36 | $55.20 |
| 2017-05-26 | 2017-06-05 | 11 days | -2.4% | $54.99 | $53.69 | $55.17 |
| 2017-05-24 | 2017-05-25 | 2 days | -0.1% | $53.83 | $53.78 | $54.99 |
| 2017-03-02 | 2017-05-22 | 81 days | -11.7% | $53.06 | $46.83 | $53.18 |
| 2017-02-27 | 2017-03-01 | 3 days | -1.3% | $52.75 | $52.08 | $53.06 |
| 2017-02-23 | 2017-02-24 | 2 days | -1.1% | $52.18 | $51.60 | $52.75 |
| 2017-02-16 | 2017-02-17 | 2 days | -1.7% | $51.62 | $50.77 | $51.65 |
| 2017-02-14 | 2017-02-15 | 2 days | -0.8% | $50.22 | $49.84 | $51.62 |
| 2017-01-27 | 2017-02-09 | 14 days | -3.0% | $48.59 | $47.14 | $49.13 |
| 2017-01-12 | 2017-01-26 | 15 days | -4.3% | $46.57 | $44.57 | $48.59 |
| 2017-01-05 | 2017-01-10 | 6 days | -2.7% | $46.22 | $44.99 | $46.26 |
| 2016-12-21 | 2017-01-04 | 15 days | -2.1% | $45.86 | $44.91 | $46.22 |
| 2016-12-16 | 2016-12-20 | 5 days | -1.3% | $45.59 | $44.99 | $45.86 |
| 2016-12-08 | 2016-12-15 | 8 days | -1.1% | $44.92 | $44.40 | $45.59 |
| 2015-12-08 | 2016-12-07 | 366 days | -29.9% | $44.21 | $31.00 | $44.92 |
| 2015-12-03 | 2015-12-04 | 2 days | -0.5% | $42.36 | $42.16 | $44.05 |
| 2015-11-24 | 2015-12-02 | 9 days | -3.5% | $42.33 | $40.85 | $42.36 |
| 2015-11-04 | 2015-11-20 | 17 days | -2.6% | $41.87 | $40.78 | $42.19 |
| 2015-01-30 | 2015-11-03 | 278 days | -30.9% | $41.68 | $28.80 | $41.87 |
| 2015-01-27 | 2015-01-29 | 3 days | -1.3% | $41.15 | $40.62 | $41.68 |
| 2015-01-05 | 2015-01-22 | 18 days | -8.9% | $37.86 | $34.50 | $40.22 |
| 2014-12-09 | 2014-12-30 | 22 days | -5.9% | $37.31 | $35.11 | $37.40 |
| 2014-12-01 | 2014-12-08 | 8 days | -3.3% | $37.04 | $35.84 | $37.31 |
| 2014-11-19 | 2014-11-28 | 10 days | -4.2% | $35.14 | $33.67 | $37.04 |
| 2014-11-14 | 2014-11-18 | 5 days | -1.3% | $34.95 | $34.50 | $35.14 |
| 2014-09-19 | 2014-11-03 | 46 days | -18.0% | $31.20 | $25.58 | $31.27 |
| 2014-09-17 | 2014-09-18 | 2 days | -0.3% | $30.58 | $30.49 | $31.20 |
| 2014-09-15 | 2014-09-16 | 2 days | -0.0% | $30.00 | $29.99 | $30.58 |
| 2014-09-03 | 2014-09-09 | 7 days | -1.0% | $29.15 | $28.86 | $29.15 |
| 2014-08-28 | 2014-09-02 | 6 days | -0.7% | $28.55 | $28.35 | $29.15 |
| 2014-08-26 | 2014-08-27 | 2 days | -0.7% | $28.47 | $28.27 | $28.55 |
| 2014-08-21 | 2014-08-22 | 2 days | -1.0% | $27.96 | $27.67 | $28.23 |
| 2014-08-19 | 2014-08-20 | 2 days | -0.0% | $27.24 | $27.24 | $27.96 |
| 2014-07-28 | 2014-08-13 | 17 days | -4.0% | $25.85 | $24.80 | $25.87 |
| 2014-07-24 | 2014-07-25 | 2 days | -0.7% | $25.52 | $25.35 | $25.85 |
| 2014-07-17 | 2014-07-22 | 6 days | -1.9% | $24.78 | $24.32 | $24.80 |
| 2014-07-02 | 2014-07-15 | 14 days | -3.7% | $24.51 | $23.60 | $24.66 |
| 2014-06-09 | 2014-07-01 | 23 days | -6.8% | $24.39 | $22.74 | $24.51 |
| 2014-06-05 | 2014-06-06 | 2 days | -0.3% | $24.19 | $24.11 | $24.39 |
| 2014-05-20 | 2014-05-22 | 3 days | -0.7% | $22.15 | $22.01 | $22.29 |
| 2014-05-14 | 2014-05-19 | 6 days | -1.5% | $22.03 | $21.71 | $22.15 |
| 2014-05-09 | 2014-05-12 | 4 days | -0.4% | $21.57 | $21.48 | $22.00 |
| 2014-05-02 | 2014-05-08 | 7 days | -0.6% | $21.46 | $21.33 | $21.57 |
| 2014-04-25 | 2014-05-01 | 7 days | -1.8% | $21.41 | $21.03 | $21.46 |
| 2014-04-10 | 2014-04-24 | 15 days | -6.8% | $21.30 | $19.85 | $21.41 |
| 2001-01-08 | 2014-03-04 | 4804 days | -78.2% | $19.89 | $4.33 | $20.14 |
| 1999-04-26 | 2000-07-31 | 463 days | -37.5% | $13.32 | $8.32 | $13.46 |
| 1998-09-24 | 1998-11-05 | 43 days | -27.6% | $8.58 | $6.21 | $8.77 |
| 1998-08-03 | 1998-09-23 | 52 days | -19.7% | $8.32 | $6.68 | $8.58 |
| 1998-03-18 | 1998-07-27 | 131 days | -20.4% | $8.06 | $6.42 | $8.07 |
| 1997-12-16 | 1998-01-20 | 36 days | -12.4% | $6.48 | $5.68 | $6.85 |
| 1994-02-04 | 1997-12-15 | 1411 days | -59.3% | $6.48 | $2.64 | $6.48 |
| 1993-08-19 | 1993-12-15 | 119 days | -18.6% | $6.18 | $5.03 | $6.21 |
| 1993-04-19 | 1993-06-01 | 44 days | -17.4% | $4.72 | $3.90 | $4.73 |
| 1992-06-08 | 1992-09-02 | 87 days | -12.2% | $2.61 | $2.29 | $2.61 |
| 1992-03-03 | 1992-05-05 | 63 days | -13.7% | $2.28 | $1.96 | $2.32 |
| 1992-01-17 | 1992-02-12 | 27 days | -13.0% | $2.09 | $1.82 | $2.16 |
| 1991-04-04 | 1991-12-02 | 243 days | -25.5% | $1.63 | $1.21 | $1.63 |
| 1989-08-31 | 1991-01-17 | 505 days | -33.8% | $1.11 | $0.73 | $1.13 |
| 1989-07-20 | 1989-08-30 | 42 days | -13.4% | $1.09 | $0.94 | $1.11 |
| 1985-12-12 | 1989-07-10 | 1306 days | -59.4% | $1.06 | $0.43 | $1.06 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
Southwest Airlines Co. (LUV) is trading at $49.22 as of Jul 9, 2026. It is 18.3% below its high of $60.22. The drawdown has lasted 3,109 days. Severity score: 3.3 (Elevated).
LUV Price History and Drawdown Data
Latest price
$49.22
High-water mark
$60.22
Current drawdown
-18.3%
Days in drawdown
3,109
This LUV page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Southwest Airlines Co. drawdowns.
What History Says About LUV
Southwest Airlines Co. has dropped 25%+ from its high 9 times in its tracked history. These events lasted an average of 1047 days with an average max drop of -42.5%.
The current drawdown of -18.3% has lasted 3,109 days, which is 3.0x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jan 2001 to Mar 2014 | -78.2% | 4804 days |
| Dec 1985 to Jul 1989 | -59.4% | 1306 days |
| Feb 1994 to Dec 1997 | -59.3% | 1411 days |
| Apr 1999 to Jul 2000 | -37.5% | 463 days |
| Aug 1989 to Jan 1991 | -33.8% | 505 days |
| Jan 2015 to Nov 2015 | -30.9% | 278 days |
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