Southwest Airlines Co.
Southwest Airlines Co. (NYSE: LUV) is trading at $41.53, about ₹3,988 at today's USD/INR rate, as of 25 Sep 2026, 11:42 AM ET, down 0.05% today. Indian residents can buy Southwest Airlines from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$41.19
Today's high
$42.34
52 week low
$29.26
52 week high
$55.11
LUV opened at $42.15, closed previously at $41.55, and has traded between $29.26 and $55.11 over the past 52 weeks.
About
Southwest Airlines Co. functions as a passenger airline, offering scheduled air travel services predominantly across the United States and to select neighboring international markets. As of December 31, 2021, the company maintained a consistent fleet of 728 Boeing 737 aircraft. Its extensive route network served 121 different locations, spanning 42 U.S. states, the District of Columbia, and the Commonwealth of Puerto Rico, along with 10 international countries close by. These international destinations include Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. To enhance the passenger journey, Southwest provides in-flight entertainment and internet access on its Wi-Fi-enabled planes. The airline also runs the Rapid Rewards loyalty program, enabling members to accumulate points proportional to the money spent on Southwest's base fares. For customer convenience in travel planning, the company offers a range of digital tools, including its official websites and mobile applications, as well as SWABIZ, a dedicated online booking platform for business clients. Additional services available include EarlyBird Check-In, preferred boarding options, and transportation for pets and unaccompanied minors. The company was founded in 1967 and its corporate headquarters are situated in Dallas, Texas.
Key statistics
Avg. volume
5.88M
Market cap
$20.32B
P/E Ratio
25.02
Price-to-sales ratio
0.68
Enterprise value
$23.81B
Free cash flow yield
-3.06%
Debt-to-equity ratio
0.97
Return on equity
11.27%
ROIC
4.24%
Beta
1.12
Dividend yield
1.73%
Last dividend
$0.72
Financial overview
Revenue
$28.06B
Earnings per share
$0.82
Free cash flow
-$831.00M
Net profit margin
2.78%
Gross margin
61.02%
EBITDA
$2.24B
Revenue growth
2.11%
Similar securities
This is not an investment recommendation
How to buy Southwest Airlines from India
Indian residents can buy Southwest Airlines shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Southwest Airlines and place an order
Find Southwest Airlines by name or by its ticker, LUV, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Southwest Airlines trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Southwest Airlines position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Southwest Airlines from India
Trading and taxes when buying Southwest Airlines from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Southwest Airlines’ current yield is 1.73%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Southwest Airlines stock?
Yes. Southwest Airlines (LUV) has been listed on the New York Stock Exchange since 1980, in the Airlines, Airports & Air Services industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Southwest Airlines share cost in rupees?
One Southwest Airlines share is $41.53 — about ₹3,988 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the Southwest Airlines price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Southwest Airlines from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Southwest Airlines?
Yes. One Southwest Airlines share is $41.53, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Southwest Airlines.
How are gains on Southwest Airlines shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Southwest Airlines price. Paasa issues a capital-gains statement for your return.
Does Southwest Airlines pay a dividend, and how is it taxed in India?
Yes. Southwest Airlines pays a dividend and the current yield is 1.73%; the last declared dividend was $0.72 per share, about ₹69.13. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Southwest Airlines from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Southwest Airlines shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Southwest Airlines shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Southwest Airlines holding, its cost and its closing value.
How do I sell Southwest Airlines and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.