Southwest - M&A Summary and Business Overview

AirlinesCompany

Southwest M&A Summary

Southwest has acquired 5 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Southwest’s largest acquisition to date was in 2010, when it acquired AirTran Airways for $1.4B. Southwest has acquired in 5 different US states. The Company’s most targeted sectors include airlines (60%) and oil/gas exploration (20%).

Southwest Business Overview

Where is Southwest headquartered?

Southwest is headquartered in Dallas, Texas.

What is Southwest’s revenue?

Southwest disclosed revenue of 26,091M USD for 2023 and 23,814M USD for 2022.

How many employees does Southwest have?

Southwest has 74,081 employees.

What sector is Southwest in?

Southwest is an airlines company.

When was Southwest founded?

Southwest was founded in 1967.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Southwest

Southwest Airlines Co.

PO Box 36611,
Dallas, Texas 75235
United States,
(214) 792-4000
www.southwest.com

Southwest is a discount airline serving the US market. Southwest serves more then 100 destinations in 40+ states, the District of Columbia, the Puerto Rico, and five near-international countries via wholly owned subsidiary, AirTran Airways. Southwest was formed in 1967 and is based in Dallas, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - - - - 1 5
vol $1.6B $1.6B
Sell (0.0/yr) # 1 - - - - - 1
  6

Most Recent M&A

Company Date Value Type
SAFFiRE Renewables LLC 2024-03-28 - Add-on Acquisition
Grand Forks, North Dakota · www.saffirerenewables.com
AirTran Airways, Inc. 2010-09-27 1.4B USD Add-on Acquisition
Orlando, Florida · www.airtran.com
ATA Airlines, Inc. 2008-12-21 8M USD Special Situations/Distressed
Indianapolis, Indiana
Morris Air Corp. 1993-12-01 134M USD Add-on Acquisition
Salt Lake City, Utah
Muse Air 1987-07-30 - Shut Down
Dallas, Texas · www.museair.com
Muse Air 1985-06-25 61M USD Add-on Acquisition
Dallas, Texas · www.museair.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Airlines 3 (60%) 1.5B (92%) 1 (100%) -
Aerospace 1 (20%) 134M (8%) - -
Oil/Gas Exploration 1 (20%) - - -
Total 5 $1.6B 1 -

By Geo

State/Country Buy Value Sell Value
United States 5 1.6B 1 -
  Texas 1 61M 1 -
  Utah 1 134M - -
  North Dakota 1 - - -
  Indiana 1 8M - -
  Florida 1 1.4B - -
Total 5 $1.6B 1 -

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 1 $134M
< $100M 2 $68M
TOTAL $1.6B
Largest AirTran Airways, Inc.
$1.4B (2010-09-27)

M&A Connections

Deals
Acquired from
Investor(s)
40%
2 (40%)

Company Summary

SECTOR

Airlines

Revenue

26,091   10% 2023
23,814   51% 2022
15,790   75% 2021
9,048   60% 2020
22,428   3% 2019
21,965   4% 2018
21,171   4% 2017
20,425   4% 2016
19,820   7% 2015
18,605   6% 2014
17,699   4% 2013
17,088   2012
(millions of USD) Show More Show Less

Employees

74,081

Established

1967

Public

NYSE: LUV

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