LUV
StockSouthwest Airlines Co.
One email when a drop — in price or in valuation — is historically rare for LUV. Otherwise we stay quiet.
Rare — pay attention.
Southwest Airlines Co. is 32.9% off its high, 3140 days in — deeper than the vast majority of its 149 recorded drawdowns. This is the kind of decline the severity score exists to flag.
Valuation is notable too — P/S Severity Score 3.6, below its typical range.
Strong
Current Drawdown
-32.9%
Days in Drawdown
3140
Avg Max Drawdown
6.5%
Avg Length
77
Drawdown Severity Score™
6.0
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 August 20, 2026 · updated daily
Where today's valuation sits within LUV's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.
Price to Sales
Southwest Airlines Co. has been cheaper on this measure only about 22% of the time in 20 years of daily history.
Price to Sales history
EV to EBITDA
Southwest Airlines Co. has been cheaper on this measure only about 70% of the time in 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 2026-08-21, the stock is trading at $40.38, which represents a 32.9% decline from its all-time high of $60.22. This drawdown has persisted for 3140 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 5.97. 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 5.0 and 8.0 indicates a rare, significant drawdown: the asset seldom sees declines at this level in its tracked history.
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 |
|---|---|---|---|---|---|---|
| 2018-01-15 | Ongoing | 3140 days | -32.9% | $60.22 | $40.38 | 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 $40.38 as of Aug 21, 2026. It is 32.9% below its high of $60.22. The drawdown has lasted 3,140 days. Severity score: 6.0 (Strong).
LUV Price History and Drawdown Data
Latest price
$40.38
High-water mark
$60.22
Current drawdown
-32.9%
Days in drawdown
3,140
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 -32.9% has lasted 3,140 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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