An investigation on behalf of investors of Southwest Airlines Co. (NYSE: LUV) shares over potential securities laws violations by Southwest Airlines Co. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Southwest Airlines Co. (NYSE: LUV) concerning whether a series of statements by Southwest Airlines Co. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Dallas, TX based Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. Southwest Airlines Co. reported that its annual Total Revenue rose from $21.14 billion in 2017 to $21.96 billion in 2018 and that its Net Income declined from $3.35 billion in 2017 to $2.46 billion in 2018.

On November 12, 2018, the Wall Street Journal published an article titled 'Boeing Withheld Information on 737 Model, According to Safety Experts and Others.' According to the article, Boeing 'withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month's fatal Lion Air jet crash[.]'
On March 10, 2019, an Ethiopian Airlines-operated Boeing 737 Max 8 model airplane crashed in Addis Ababa, Ethiopia, shortly after take-off, killing all 157 people onboard. In the wake of the crash, regulators in China and several other countries grounded all Boeing 737 Max 8 jets.