Southwest Airlines Co. (LUV) is trading at $40.86, which is -32.2% below its all-time high of $60.22. The Drawdown Severity Score is 5.8, placing it in the red (severe) zone. Over its tracked history, LUV has experienced 149 significant drawdown events with an average maximum drawdown of -6.5%.
Data last updated: May 25, 2026 at 05:13 PM EDT
LUV
StockSouthwest Airlines Co.
Price
$40.86
as of May 22, 2026
All Time High: $60.22
Strong
Current Drawdown
-32.2%
Days in Drawdown
3009
Avg Max Drawdown
6.5%
Avg Length
77
Drawdown Severity Score™
5.8
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.
Southwest Airlines Co. (LUV) Analysis: Current Drawdown Insights
Southwest Airlines Co. is currently experiencing an unusual drawdown opportunity. As of 2026-05-22, the stock is trading at $40.86, which represents a 32.2% decline from its all-time high of $60.22. This drawdown has persisted for 3009 days.
Based on comprehensive historical analysis spanning 14 years, 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 the last 14 years. The largest drawdown for Southwest Airlines Co. in the last 14 years was 30.9%. The longest drawdown duration in its history was 366 days.
The Drawdown Severity Score™ for Southwest Airlines Co. currently stands at 5.82. 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. This may represent a buying opportunity for value-focused investors with strong conviction.
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 may represent a buying opportunity.
📜 Historical Drawdown Events
Current drawdown shown in blue. Complete record of all 149 historical pullbacks below.
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2018-02-24 | Ongoing | 3009 days | -32.2% | $60.22 | $40.86 | — |
| 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 |
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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LUV Price History and Drawdown Data
Latest price
$40.86
High-water mark
$60.22
Current drawdown
-32.2%
Days in drawdown
3,009
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 5%+ from its high 9 times in its tracked history. These events lasted an average of 112 days with an average max drop of -15.5%.
The current drawdown of -32.2% has lasted 3,009 days, which is 26.9x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jan 2015 to Nov 2015 | -30.9% | 278 days |
| Dec 2015 to Dec 2016 | -29.9% | 366 days |
| Jul 2017 to Dec 2017 | -20.9% | 159 days |
| Sep 2014 to Nov 2014 | -18.0% | 46 days |
| Mar 2017 to May 2017 | -11.7% | 81 days |
| Jan 2015 to Jan 2015 | -8.9% | 18 days |
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