TickerLeague

Southwest Airlines (LUV) Historical Monthly & Quarterly Returns

Dividend-adjusted returns by month and quarter. Compare performance across years.

2026

Jan+15.0%
Feb+3.7%
Mar23.4%
Apr0.9%
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

2025

Jan8.6%
Feb+1.1%
Mar+8.8%
Apr16.7%
May+19.4%
Jun2.2%
Jul4.7%
Aug+6.4%
Sep2.5%
Oct5.0%
Nov+14.9%
Dec+19.2%

2024

Jan+3.5%
Feb+14.7%
Mar14.4%
Apr11.1%
May+3.5%
Jun+7.3%
Jul5.8%
Aug+7.3%
Sep+3.1%
Oct+3.2%
Nov+5.8%
Dec+4.4%

2023

Jan+6.8%
Feb6.1%
Mar2.6%
Apr6.9%
May1.4%
Jun+21.9%
Jul5.7%
Aug7.5%
Sep13.9%
Oct17.9%
Nov+15.0%
Dec+13.6%

2022

Jan+4.5%
Feb2.1%
Mar+4.6%
Apr+2.0%
May1.8%
Jun21.2%
Jul+5.6%
Aug3.7%
Sep16.0%
Oct+17.9%
Nov+9.8%
Dec15.6%

2021

Jan5.7%
Feb+32.3%
Mar+5.0%
Apr+2.8%
May2.1%
Jun13.6%
Jul4.8%
Aug1.5%
Sep+3.3%
Oct8.1%
Nov6.1%
Dec3.5%

2020

Jan+1.8%
Feb16.0%
Mar22.6%
Apr12.2%
May+2.7%
Jun+6.5%
Jul9.6%
Aug+21.7%
Sep0.2%
Oct+5.4%
Nov+17.2%
Dec+0.6%

2019

Jan+22.1%
Feb1.3%
Mar7.1%
Apr+4.5%
May12.2%
Jun+7.1%
Jul+1.5%
Aug+1.9%
Sep+3.2%
Oct+3.9%
Nov+2.7%
Dec6.0%

2018

Jan7.1%
Feb4.9%
Mar0.7%
Apr7.8%
May3.3%
Jun0.1%
Jul+14.3%
Aug+5.7%
Sep+1.9%
Oct21.4%
Nov+11.2%
Dec14.6%

2017

Jan+4.9%
Feb+10.5%
Mar6.8%
Apr+4.6%
May+6.9%
Jun+3.6%
Jul10.7%
Aug5.9%
Sep+7.4%
Oct3.8%
Nov+12.6%
Dec+8.1%

2016

Jan12.6%
Feb+11.5%
Mar+7.0%
Apr0.4%
May4.8%
Jun7.5%
Jul5.6%
Aug0.1%
Sep+5.4%
Oct+3.0%
Nov+16.4%
Dec+7.2%

2015

Jan+6.7%
Feb4.3%
Mar+2.6%
Apr8.4%
May8.7%
Jun10.5%
Jul+9.4%
Aug+1.6%
Sep+3.7%
Oct+21.7%
Nov0.9%
Dec6.0%

2014

Jan+11.2%
Feb+7.1%
Mar+5.4%
Apr+2.4%
May+9.4%
Jun+1.8%
Jul+5.3%
Aug+13.4%
Sep+5.5%
Oct+2.1%
Nov+21.3%
Dec+1.3%

2013

Jan+9.5%
Feb+4.4%
Mar+15.2%
Apr+1.6%
May+3.5%
Jun8.7%
Jul+7.2%
Aug7.0%
Sep+13.6%
Oct+18.3%
Nov+7.9%
Dec+1.5%

2012

Jan+11.8%
Feb6.1%
Mar8.3%
Apr+0.4%
May+9.1%
Jun+2.3%
Jul0.4%
Aug2.6%
Sep1.9%
Oct+0.5%
Nov+8.1%
Dec+7.5%

2011

Jan8.7%
Feb0.2%
Mar+6.8%
Apr7.0%
May+0.7%
Jun3.3%
Jul12.8%
Aug13.3%
Sep6.7%
Oct+6.4%
Nov2.0%
Dec+2.4%

2010

Jan0.8%
Feb+11.0%
Mar+5.1%
Apr0.4%
May5.6%
Jun10.7%
Jul+8.5%
Aug8.2%
Sep+18.2%
Oct+5.3%
Nov3.1%
Dec2.5%

2009

Jan18.3%
Feb16.1%
Mar+7.3%
Apr+10.4%
May3.5%
Jun+0.0%
Jul+16.7%
Aug+4.2%
Sep+17.4%
Oct12.5%
Nov+9.6%
Dec+24.2%

2008

Jan3.9%
Feb+4.7%
Mar+1.1%
Apr+6.8%
May1.4%
Jun0.1%
Jul+19.6%
Aug2.3%
Sep4.8%
Oct18.8%
Nov26.5%
Dec0.4%

2007

Jan1.4%
Feb+0.1%
Mar2.7%
Apr2.4%
May0.3%
Jun+4.3%
Jul+5.0%
Aug3.5%
Sep2.1%
Oct4.0%
Nov0.4%
Dec13.8%

2006

Jan+0.2%
Feb+1.9%
Mar+7.3%
Apr9.8%
May0.8%
Jun+1.8%
Jul+9.9%
Aug3.7%
Sep3.8%
Oct9.8%
Nov+4.5%
Dec2.5%

2005

Jan11.0%
Feb4.4%
Mar+2.8%
Apr+4.5%
May2.3%
Jun4.2%
Jul+1.9%
Aug6.1%
Sep+11.5%
Oct+7.8%
Nov+3.0%
Dec0.4%

2004

Jan7.4%
Feb7.6%
Mar+3.0%
Apr+0.5%
May+8.6%
Jun+8.2%
Jul13.7%
Aug+2.4%
Sep8.1%
Oct+15.8%
Nov0.2%
Dec+3.5%

2003

Jan6.1%
Feb7.6%
Mar+19.1%
Apr+11.1%
May+0.7%
Jun+7.0%
Jul4.6%
Aug+4.2%
Sep+3.5%
Oct+9.6%
Nov7.3%
Dec10.2%

2002

Jan+2.5%
Feb+11.4%
Mar8.3%
Apr5.9%
May6.5%
Jun5.1%
Jul14.5%
Aug+2.9%
Sep8.0%
Oct+11.7%
Nov+14.4%
Dec16.7%

2001

Jan6.5%
Feb11.0%
Mar4.6%
Apr+2.6%
May+9.8%
Jun7.5%
Jul+8.2%
Aug10.6%
Sep17.1%
Oct+7.2%
Nov+18.0%
Dec1.4%

2000

Jan1.2%
Feb+15.7%
Mar+13.0%
Apr+4.2%
May11.5%
Jun1.3%
Jul+24.8%
Aug4.3%
Sep+7.3%
Oct+17.5%
Nov+10.7%
Dec+6.2%

1999

Jan+18.8%
Feb+11.8%
Mar+0.4%
Apr+7.7%
May1.5%
Jun3.0%
Jul10.8%
Aug9.7%
Sep9.0%
Oct+10.6%
Nov3.0%
Dec1.1%

1998

Jan+5.8%
Feb+10.1%
Mar+3.1%
Apr7.3%
May2.6%
Jun+10.7%
Jul+11.3%
Aug18.9%
Sep+13.7%
Oct+4.3%
Nov+2.6%
Dec+4.5%

1997

Jan+0.0%
Feb+6.5%
Mar5.9%
Apr+24.4%
May6.3%
Jun+0.5%
Jul+12.0%
Aug3.3%
Sep+14.3%
Oct+1.9%
Nov+12.5%
Dec+0.8%

1996

Jan+14.4%
Feb+17.1%
Mar3.1%
Apr+0.0%
May8.0%
Jun+6.1%
Jul14.8%
Aug8.2%
Sep+0.8%
Oct1.8%
Nov+10.7%
Dec11.3%

1995

Jan+15.8%
Feb9.0%
Mar+1.4%
Apr+29.6%
May4.2%
Jun+7.9%
Jul+20.4%
Aug10.0%
Sep3.0%
Oct20.3%
Nov+25.2%
Dec8.2%

1994

Jan0.3%
Feb8.4%
Mar3.9%
Apr4.8%
May10.6%
Jun5.8%
Jul+3.2%
Aug2.4%
Sep15.0%
Oct+5.1%
Nov10.7%
Dec20.6%

1993

Jan+0.6%
Feb+15.0%
Mar+10.9%
Apr2.2%
May+11.8%
Jun+5.9%
Jul+13.3%
Aug+6.8%
Sep1.7%
Oct10.1%
Nov+11.6%
Dec+7.6%

1992

Jan4.3%
Feb+20.0%
Mar4.2%
Apr+4.8%
May+9.2%
Jun0.4%
Jul+3.8%
Aug4.1%
Sep+10.2%
Oct+7.7%
Nov+5.7%
Dec+10.2%

1991

Jan+35.5%
Feb+12.3%
Mar+5.5%
Apr15.6%
May+8.5%
Jun+1.4%
Jul+4.2%
Aug10.7%
Sep+0.0%
Oct+16.5%
Nov+2.6%
Dec+18.2%

1990

Jan14.3%
Feb+8.5%
Mar+6.6%
Apr+1.0%
May+7.6%
Jun+0.1%
Jul+8.5%
Aug11.1%
Sep16.8%
Oct+21.5%
Nov+4.7%
Dec+0.0%

1989

Jan+17.0%
Feb1.0%
Mar+10.8%
Apr+7.3%
May7.6%
Jun+6.3%
Jul+3.8%
Aug+1.9%
Sep7.7%
Oct14.5%
Nov0.5%
Dec+5.7%

1988

Jan+12.1%
Feb+14.2%
Mar+0.2%
Apr8.8%
May+9.6%
Jun+11.1%
Jul2.6%
Aug14.9%
Sep+8.2%
Oct+14.0%
Nov1.1%
Dec+5.9%

1987

Jan+9.1%
Feb+7.3%
Mar12.4%
Apr10.1%
May+2.6%
Jun+4.0%
Jul+8.6%
Aug5.1%
Sep4.6%
Oct22.0%
Nov9.5%
Dec4.5%

1986

Jan11.0%
Feb5.4%
Mar4.8%
Apr6.4%
May+8.1%
Jun3.9%
Jul4.2%
Aug+10.0%
Sep+6.8%
Oct+0.0%
Nov4.0%
Dec8.3%

1985

Jan+14.9%
Feb1.8%
Mar0.8%
Apr10.1%
May+12.2%
Jun+12.1%
Jul+2.7%
Aug2.6%
Sep16.3%
Oct+4.9%
Nov+18.1%
Dec6.5%

1984

Jan6.7%
Feb19.4%
Mar+14.2%
Apr+2.9%
May10.6%
Jun0.4%
Jul18.2%
Aug+9.4%
Sep+4.8%
Oct+2.5%
Nov0.5%
Dec+8.6%

1983

Jan+12.3%
Feb+5.7%
Mar0.8%
Apr+9.1%
May+5.6%
Jun+9.9%
Jul0.9%
Aug9.1%
Sep+1.0%
Oct14.7%
Nov+2.9%
Dec+7.2%

1982

Jan+10.0%
Feb+2.4%
Mar+11.0%
Apr+0.0%
May4.2%
Jun+18.4%
Jul3.7%
Aug+19.7%
Sep+0.2%
Oct+5.3%
Nov+14.3%
Dec5.8%

1981

Jan+11.5%
Feb+2.2%
Mar+19.7%
Apr+5.1%
May+17.0%
Jun11.5%
Jul26.8%
Aug10.9%
Sep5.9%
Oct+4.9%
Nov+16.7%
Dec9.4%

1980

Jan3.4%
Feb7.7%
Mar+1.1%
Apr3.8%
May+28.0%
Jun+24.8%
Jul+34.3%
Aug+4.7%
Sep6.9%
Oct+15.4%
Nov+11.9%
Dec+7.5%

Avg

Jan+3.0%
Feb+2.6%
Mar+1.3%
Apr0.2%
May+1.6%
Jun+1.5%
Jul+1.9%
Aug1.7%
Sep0.2%
Oct+1.9%
Nov+5.8%
Dec+0.2%

Median

Jan+1.8%
Feb+2.2%
Mar+1.4%
Apr+0.0%
May0.6%
Jun+0.9%
Jul+3.0%
Aug3.0%
Sep+0.1%
Oct+4.1%
Nov+5.8%
Dec+0.3%

Win %

Jan55%
Feb57%
Mar60%
Apr49%
May48%
Jun54%
Jul57%
Aug37%
Sep50%
Oct65%
Nov67%
Dec50%

Frequently asked questions

What is the best performing month for Southwest Airlines (LUV) stock?

Historically, November is the best performing month for Southwest Airlines (LUV) stock with an average return of +5.80%.

What is the worst performing month for Southwest Airlines (LUV) stock?

Historically, August is the worst performing month for Southwest Airlines (LUV) stock with an average return of 1.68%.

What is the best performing quarter for Southwest Airlines (LUV) stock?

Historically, Q4 is the best performing quarter for Southwest Airlines (LUV) stock with an average return of +8.06%.

What is the worst performing quarter for Southwest Airlines (LUV) stock?

Historically, Q3 is the worst performing quarter for Southwest Airlines (LUV) stock with an average return of +0.17%.

What is the best performing year for Southwest Airlines (LUV) stock?

Historically, 1980 is the best performing year for Southwest Airlines (LUV) stock with a return of +151.37%.

What is the worst performing year for Southwest Airlines (LUV) stock?

Historically, 1994 is the worst performing year for Southwest Airlines (LUV) stock with a return of 55.16%.

Which month has the highest win rate for Southwest Airlines (LUV) stock?

Historically, November has the highest win rate for Southwest Airlines (LUV) stock — positive in 67% of years.

Which month has the lowest win rate for Southwest Airlines (LUV) stock?

Historically, August has the lowest win rate for Southwest Airlines (LUV) stock — positive in 37% of years.

Which quarter has the highest win rate for Southwest Airlines (LUV) stock?

Historically, Q4 has the highest win rate for Southwest Airlines (LUV) stock — positive in 70% of years.

Which quarter has the lowest win rate for Southwest Airlines (LUV) stock?

Historically, Q3 has the lowest win rate for Southwest Airlines (LUV) stock — positive in 48% of years.

Data & methodology

How are returns calculated?

We compare the closing price at the end of each period (month or quarter) with the closing price at the end of the previous period. The return is the percentage change. All prices are adjusted for dividends and stock splits. Based on historical prices from our data provider.

What is average vs median?

Average is the arithmetic mean of returns for each period across years. Median is the middle value. Both exclude empty cells. Use median to reduce impact of outliers.

What does the heatmap show?

Green cells indicate positive returns, red cells indicate negative returns. The darker the color, the stronger the move. Average and Median rows summarize each column across years.

What is Win %?

Percentage of years when the period had a positive return. For example, 80% for January means January was positive in 80% of the years in the selected range.