LUV monthly performance report
View LUV's monthly returns, drawdown, and seasonality trends — updated every month.
LUV monthly report
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Key takeaways
- Southwest Airlines (LUV) closed November 2026 at $44.94, up 5.92% for the month and +36.02% over the trailing 12 months.
- Year-to-date, LUV is +8.73%, underperforming the S&P 500 which has returned +10.62% YTD.
- The stock is trading +3.07% versus its 200-day moving average ($43.60), a bullish technical signal.
- Over the past three years, LUV has outperformed the S&P 500 by +23.26%, with a relative strength index reading of 113.6.
- Win rate over the trailing 39 months stands at 64.1% — 25 positive months versus 14 negative months.
Southwest Airlines ended November 2026 at $44.94, posting a monthly return of +5.92%. The S&P 500 returned −0.18% over the same window, leaving relative performance at +6.09%.
The current quarter stands at +7.93% (Q4 2026 (QTD)), while medium-term trend remains constructive: price is +3.07% versus the 200-day moving average ($43.60).
Year-to-date, LUV is +8.73% against SPY +10.62%, a gap of −1.89%. The stock is currently −18.45% below its 52-week high, with maximum 3-year drawdown at −33.78%.
| Period | LUV | S&P 500 (SPY) | Excess return |
|---|---|---|---|
| 1 Day | −0.64% | −0.36% | −0.28% |
| 1 Week | +1.10% | +2.59% | −1.49% |
| 1 Month | +5.92% | −0.18% | +6.09% |
| 3 Months | +3.67% | −2.37% | +6.04% |
| 6 Months | +14.26% | +0.83% | +13.44% |
| YTD | +8.73% | +10.62% | −1.89% |
| 12 Months | +36.02% | +12.25% | +23.77% |
| 3 Years | +94.63% | +71.37% | +23.26% |
| Rank | Month | Return |
|---|---|---|
| #1 | Jun 2026 | +19.72% |
| #2 | May 2025 | +19.38% |
| #3 | Dec 2025 | +18.73% |
| #4 | Nov 2023 | +15.02% |
| #5 | Jan 2026 | +14.98% |
| Rank | Month | Return |
|---|---|---|
| #1 | Mar 2026 | −23.73% |
| #2 | Oct 2023 | −17.88% |
| #3 | Apr 2025 | −16.74% |
| #4 | Mar 2024 | −14.82% |
| #5 | Sep 2023 | −14.34% |
| Quarter | Return |
|---|---|
| Q3 2025 | −1.63% |
| Q4 2025 | +29.52% |
| Q1 2026 | −9.10% |
| Q2 2026 | +36.86% |
| Q3 2026 | −19.02% |
| Q4 2026 (QTD) | +7.93% |
| Year | Return |
|---|---|
| 2023 | −14.23% |
| 2024 | +16.41% |
| 2025 | +22.93% |
| 2026 | +8.73% |
| Metric | Value |
|---|---|
| 52-Week High | $55.11 (2026-02-17) |
| 52-Week Low | $31.15 (2025-11-20) |
| Current Price | $44.94 |
| 200-Day Moving Average | $43.60 |
| Price vs 200DMA | +3.07% |
| 3-Year Maximum Drawdown | −33.78% (2026-03-30) |
| Current Drawdown from 52W High | −18.45% |
| RS metric | Value |
|---|---|
| RS Index (3-year, rebased to 100) | 113.6 |
| 3-Year Excess Return vs S&P 500 | +23.26% |
| RS Peak | 152.2 (Feb 2026) |
| RS Trough | 83.8 (Nov 2025) |
| Status | Outperforming Benchmark |
Frequently asked questions
What was LUV's return for this report period?
LUV returned +5.92% in the latest monthly window ending 2026-11-13.
Has LUV outperformed SPY year to date?
YTD LUV: +8.73% vs SPY: +10.62%.
What is LUV's 12-month return?
+36.02% over the trailing 12 months.
Is LUV above or below its 200-day moving average?
Price is +3.07% versus 200DMA ($43.60).
What is the maximum drawdown in the 3-year window?
−33.78% on 2026-03-30.