Who Owns Southwest Airlines?
Updated onExplore the ownership hierarchy of Southwest Airlines. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
An American low-cost airline that operates a large domestic point-to-point network and select international routes, known for its Rapid Rewards loyalty program and focus on low fares and customer service.
Southwest Airlines appears to be independent with no known parent company.
An American low-cost airline that operates a large domestic point-to-point network and select international routes, known for its Rapid Rewards loyalty program and focus on low fares and customer service.
Southwest Airlines appears to be independent with no known parent company.
Major Shareholders
Southwest Airlines
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
The Vanguard Group, Inc. Approx. 61.0M shares (about 11.8% of Southwest Airlines Co. common stock) reported as of Sept. 30, 2025. | Institutional | 11.8% | Sep 2025 |
Elliott Investment Management L.P. Activist hedge fund; Schedule 13D/A filed Dec. 16, 2025 discloses 51,128,500 shares, representing 9.9% of outstanding common stock with sole voting and dispositive power as of Dec. 12, 2025. | Institutional | 9.9% | Dec 2025 |
PRIMECAP Management Company Long‑only asset manager holding about 48.0M shares (≈9.28%) based on institutional holdings reported as of Sept. 30, 2025. | Institutional | 9.3% | Sep 2025 |
Putnam LLC Owns roughly 36.6M shares (≈7.08%) according to institutional holder data as of Sept. 30, 2025. | Institutional | 7.1% | Sep 2025 |
State Street Global Advisors, Inc. Index and ETF manager with about 32.6M shares (≈6.30%) reported as of Sept. 30, 2025. | Institutional | 6.3% | Sep 2025 |
UBS Asset Management AG Holds around 28.8M shares (≈5.57%) in Southwest Airlines Co., based on filings as of Sept. 30, 2025. | Institutional | 5.6% | Sep 2025 |
BlackRock, Inc. Large asset manager; institutional holder data show about 28.6M shares (≈5.53%) as of Sept. 30, 2025, consistent with its latest Schedule 13G/A reporting ~5.5%. | Institutional | 5.5% | Sep 2025 |
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