Southwest Airlines annual operating income
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Southwest Airlines Operating Income Growth & History (LUV)
Southwest Airlines's operating income was $428.0M for fiscal 2025.
View full Southwest Airlines company overviewSouthwest Airlines annual operating income history
| Fiscal year | Period ended | Operating income | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $428.0M | $107.0M | +33.33% |
| 2024 | 2024-12-31 | $321.0M | $97.0M | +43.30% |
| 2023 | 2023-12-31 | $224.0M | −$793.0M | −77.97% |
| 2022 | 2022-12-31 | $1.02B | −$704.0M | −40.91% |
| 2021 | 2021-12-31 | $1.72B | $5.54B | — |
| 2020 | 2020-12-31 | −$3.82B | −$6.77B | — |
| 2019 | 2019-12-31 | $2.96B | −$249.0M | −7.77% |
| 2018 | 2018-12-31 | $3.21B | −$201.0M | −5.90% |
| 2017 | 2017-12-31 | $3.41B | −$115.0M | −3.27% |
| 2016 | 2016-12-31 | $3.52B | −$594.0M | −14.43% |
| 2015 | 2015-12-31 | $4.12B | $1.89B | +84.99% |
| 2014 | 2014-12-31 | $2.23B | $947.0M | +74.10% |
| 2013 | 2013-12-31 | $1.28B | $655.0M | +105.14% |
| 2012 | 2012-12-31 | $623.0M | −$70.0M | −10.10% |
| 2011 | 2011-12-31 | $693.0M | −$295.0M | −29.86% |
| 2010 | 2010-12-31 | $988.0M | $726.0M | +277.10% |
| 2009 | 2009-12-31 | $262.0M | −$187.0M | −41.65% |
| 2008 | 2008-12-31 | $449.0M | −$342.0M | −43.24% |
| 2007 | 2007-12-31 | $791.0M | — | — |
Southwest Airlines quarterly operating income
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| Fiscal quarter | Period ended | Operating income | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $285.0M | $60.0M | +26.67% |
| Q1 2026 | 2026-03-31 | $330.0M | $553.0M | — |
| Q4 2025 | 2025-12-31 | $391.0M | $113.0M | +40.65% |
| Q3 2025 | 2025-09-30 | $35.0M | −$3.0M | −7.89% |
| Q2 2025 | 2025-06-30 | $225.0M | −$173.0M | −43.47% |
| Q1 2025 | 2025-03-31 | −$223.0M | $170.0M | — |
| Q4 2024 | 2024-12-31 | $278.0M | $682.0M | — |
| Q3 2024 | 2024-09-30 | $38.0M | −$79.0M | −67.52% |
| Q2 2024 | 2024-06-30 | $398.0M | −$397.0M | −49.94% |
| Q1 2024 | 2024-03-31 | −$393.0M | −$109.0M | — |
| Q4 2023 | 2023-12-31 | −$404.0M | −$19.0M | — |
| Q3 2023 | 2023-09-30 | $117.0M | −$278.0M | −70.38% |
| Q2 2023 | 2023-06-30 | $795.0M | −$363.0M | −31.35% |
| Q1 2023 | 2023-03-31 | −$284.0M | −$133.0M | — |
| Q4 2022 | 2022-12-31 | −$385.0M | −$580.0M | — |
| Q3 2022 | 2022-09-30 | $395.0M | −$338.0M | −46.11% |
| Q2 2022 | 2022-06-30 | $1.16B | $564.0M | +94.95% |
| Q1 2022 | 2022-03-31 | −$151.0M | −$350.0M | — |
| Q4 2021 | 2021-12-31 | $195.0M | $1.36B | — |
| Q3 2021 | 2021-09-30 | $733.0M | $2.14B | — |
| Q2 2021 | 2021-06-30 | $594.0M | $1.72B | — |
| Q1 2021 | 2021-03-31 | $199.0M | $309.0M | — |
| Q4 2020 | 2020-12-31 | −$1.17B | −$1.83B | — |
| Q3 2020 | 2020-09-30 | −$1.41B | −$2.23B | — |
| Q2 2020 | 2020-06-30 | −$1.13B | −$2.10B | — |
| Q1 2020 | 2020-03-31 | −$110.0M | −$615.0M | — |
| Q4 2019 | 2019-12-31 | $665.0M | −$155.0M | −18.90% |
| Q3 2019 | 2019-09-30 | $819.0M | $21.0M | +2.63% |
| Q2 2019 | 2019-06-30 | $968.0M | −$4.0M | −0.41% |
| Q1 2019 | 2019-03-31 | $505.0M | −$111.0M | −18.02% |
| Q4 2018 | 2018-12-31 | $820.0M | $79.0M | +10.66% |
| Q3 2018 | 2018-09-30 | $798.0M | −$47.0M | −5.56% |
| Q2 2018 | 2018-06-30 | $972.0M | −$243.0M | −20.00% |
| Q1 2018 | 2018-03-31 | $616.0M | $10.0M | +1.65% |
| Q4 2017 | 2017-12-31 | $741.0M | −$105.0M | −12.41% |
| Q3 2017 | 2017-09-30 | $845.0M | $150.0M | +21.58% |
| Q2 2017 | 2017-06-30 | $1.22B | −$61.0M | −4.78% |
| Q1 2017 | 2017-03-31 | $606.0M | −$338.0M | −35.81% |
| Q4 2016 | 2016-12-31 | $846.0M | −$180.0M | −17.54% |
| Q3 2016 | 2016-09-30 | $695.0M | −$530.0M | −43.27% |
| Q2 2016 | 2016-06-30 | $1.28B | $191.0M | +17.60% |
| Q1 2016 | 2016-03-31 | $944.0M | $164.0M | +21.03% |
| Q4 2015 | 2015-12-31 | $1.03B | $405.0M | +65.22% |
| Q3 2015 | 2015-09-30 | $1.23B | $611.0M | +99.51% |
| Q2 2015 | 2015-06-30 | $1.08B | $310.0M | +40.00% |
| Q1 2015 | 2015-03-31 | $780.0M | $565.0M | +262.79% |
| Q4 2014 | 2014-12-31 | $621.0M | $235.0M | +60.88% |
| Q3 2014 | 2014-09-30 | $614.0M | $224.0M | +57.44% |
| Q2 2014 | 2014-06-30 | $775.0M | $342.0M | +78.98% |
| Q1 2014 | 2014-03-31 | $215.0M | $145.0M | +207.14% |
| Q4 2013 | 2013-12-31 | $386.0M | $295.0M | +324.18% |
| Q3 2013 | 2013-09-30 | $390.0M | $339.0M | +664.71% |
| Q2 2013 | 2013-06-30 | $433.0M | −$27.0M | −5.87% |
| Q1 2013 | 2013-03-31 | $70.0M | $48.0M | +218.18% |
| Q4 2012 | 2012-12-31 | $91.0M | −$56.0M | −38.10% |
| Q3 2012 | 2012-09-30 | $51.0M | −$174.0M | −77.33% |
| Q2 2012 | 2012-06-30 | $460.0M | $253.0M | +122.22% |
| Q1 2012 | 2012-03-31 | $22.0M | −$92.0M | −80.70% |
| Q4 2011 | 2011-12-31 | $147.0M | −$69.0M | −31.94% |
| Q3 2011 | 2011-09-30 | $225.0M | −$130.0M | −36.62% |
| Q2 2011 | 2011-06-30 | $207.0M | −$156.0M | −42.98% |
| Q1 2011 | 2011-03-31 | $114.0M | $60.0M | +111.11% |
| Q4 2010 | 2010-12-31 | $216.0M | $49.0M | +29.34% |
| Q3 2010 | 2010-09-30 | $355.0M | $333.0M | +1513.64% |
| Q2 2010 | 2010-06-30 | $363.0M | $240.0M | +195.12% |
| Q1 2010 | 2010-03-31 | $54.0M | $104.0M | — |
| Q4 2009 | 2009-12-31 | $167.0M | $97.0M | +138.57% |
| Q3 2009 | 2009-09-30 | $22.0M | −$64.0M | −74.42% |
| Q2 2009 | 2009-06-30 | $123.0M | −$82.0M | −40.00% |
| Q1 2009 | 2009-03-31 | −$50.0M | −$138.0M | — |
| Q4 2008 | 2008-12-31 | $70.0M | — | — |
| Q3 2008 | 2008-09-30 | $86.0M | — | — |
| Q2 2008 | 2008-06-30 | $205.0M | — | — |
| Q1 2008 | 2008-03-31 | $88.0M | — | — |
Southwest Airlines operating income trends
Over the last five fiscal years, Southwest Airlines's operating income increased from −$3.82B to $428.0M, a change of $4.24B. The latest reported quarter, Q2 2026, shows $285.0M.
About the metric
What operating income means
Operating income is the profit or loss a company generates from its core business after cost of revenue and operating expenses, but before non-operating items such as interest and income taxes.
Calculation and source
SEC-reported operating income
TickerStat standardizes operating income reported in company SEC filings for aligned fiscal periods. It is not adjusted EBIT, an analyst estimate, or company guidance. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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