Seasonality
LUV seasonality — Southwest Airlines
Over the last 11 years, LUV's strongest month on average has been November (+9.2%) and its weakest March (-6.2%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +3.66% | +3.99% | 70% | +22.1% | -8.7% | 10 |
| Feb | +3.19% | -0.06% | 50% | +32.3% | -16.0% | 10 |
| Mar | -6.22% | -5.04% | 30% | +8.1% | -23.7% | 10 |
| Apr | -4.00% | -2.99% | 50% | +4.6% | -16.7% | 10 |
| May | +2.49% | +0.67% | 50% | +19.4% | -12.2% | 10 |
| Jun | +2.60% | +4.95% | 60% | +21.2% | -21.2% | 10 |
| Jul | -3.25% | -5.25% | 30% | +14.3% | -12.5% | 10 |
| Aug | +0.92% | +0.03% | 50% | +21.7% | -14.3% | 10 |
| Sep | -0.72% | +2.17% | 60% | +8.1% | -16.0% | 10 |
| Oct | -2.39% | -0.94% | 50% | +17.9% | -21.4% | 10 |
| Nov | +9.25% | +11.22% | 89% | +17.2% | -6.1% | 9 |
| Dec | +1.06% | +2.24% | 60% | +18.7% | -15.6% | 10 |
Monthly returns heat map — LUV
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 15.0 | 3.7 | -23.7 | 0.9 | 13.3 | 19.7 | -12.5 | -14.3 | 8.1 | 1.9 | 4.8 | +7.5% | |
| 2025 | -8.7 | 1.1 | 8.1 | -16.7 | 19.4 | -2.8 | -4.7 | 6.4 | -3.0 | -5.0 | 14.9 | 18.7 | +22.9% |
| 2024 | 3.5 | 14.7 | -14.8 | -11.1 | 3.5 | 6.6 | -5.8 | 7.3 | 2.5 | 3.2 | 5.8 | 3.9 | +16.4% |
| 2023 | 6.2 | -6.1 | -3.1 | -6.9 | -1.4 | 21.2 | -5.7 | -7.5 | -14.3 | -17.9 | 15.0 | 12.9 | -14.2% |
| 2022 | 4.5 | -2.1 | 4.6 | 2.0 | -1.8 | -21.2 | 5.5 | -3.7 | -16.0 | 17.9 | 9.8 | -15.6 | -21.4% |
| 2021 | -5.7 | 32.3 | 5.0 | 2.8 | -2.1 | -13.6 | -4.8 | -1.5 | 3.3 | -8.1 | -6.1 | -3.5 | -8.1% |
| 2020 | 1.9 | -16.0 | -22.9 | -12.2 | 2.7 | 6.5 | -9.6 | 21.7 | -0.2 | 5.4 | 17.2 | 0.6 | -13.7% |
| 2019 | 22.1 | -1.3 | -7.4 | 4.5 | -12.2 | 6.7 | 1.5 | 1.5 | 3.2 | 3.9 | 2.7 | -6.3 | +16.1% |
| 2018 | -7.1 | -4.9 | -1.0 | -7.8 | -3.3 | -0.4 | 14.3 | 5.4 | 1.9 | -21.4 | 11.2 | -14.9 | -29.0% |
| 2017 | 5.0 | 10.5 | -7.0 | 4.6 | 6.9 | 3.4 | -10.7 | -6.1 | 7.4 | -3.8 | 12.6 | 7.9 | +31.3% |
| 2016 | 6.9 |