Southwest Airlines Trading Volume Plummets 33.8% to 392nd Rank

On May 20, 2025, Southwest Airlines (LUV) experienced a significant drop in trading volume, with a total of 2.29 billion shares traded, marking a 33.8% decrease from the previous day. This decline placed the company at the 392nd position in terms of trading volume for the day. The stock price of Southwest Airlines also decreased by 0.28%, marking the second consecutive day of decline, with a total decrease of 0.52% over the past two days.

Southwest Airlines recently amended its bylaws to establish a shareholder ownership threshold for derivative proceedings. This move is part of the company's efforts to align with new requirements under the Texas code. The amendments specify that shareholders must own at least 3% of the company's stock to initiate derivative proceedings. This change is aimed at enhancing corporate governance and ensuring that shareholders have a meaningful stake in the company before pursuing legal actions.

The U.S. Department of Justice has dropped a lawsuit against Southwest Airlines, which was initially filed by the Biden administration. The lawsuit alleged that the airline had engaged in illegal practices. The dismissal of the lawsuit is a significant development for Southwest Airlines, as it removes a potential legal burden and allows the company to focus on its operations and strategic initiatives.