Southwest Airlines Co
NYSE:LUV

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Southwest Airlines Co Logo
Southwest Airlines Co
NYSE:LUV
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Price: 42.44 USD 2.76% Market Closed
Market Cap: 21.9B USD

Income Statement

Earnings Waterfall
Southwest Airlines Co

Revenue
27.6B USD
Cost of Revenue
-7.3B USD
Gross Profit
20.3B USD
Operating Expenses
-19.9B USD
Operating Income
313m USD
Other Expenses
66m USD
Net Income
379m USD

Income Statement
Southwest Airlines Co

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Income Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
49
61
72
86
89
86
80
71
58
48
44
42
49
58
66
79
83
87
87
83
77
71
67
62
69
74
84
98
105
122
138
152
165
163
158
153
149
152
164
173
182
176
159
142
126
116
109
110
107
109
112
106
107
107
101
98
90
84
83
80
75
74
67
61
65
68
77
88
93
92
91
87
82
84
151
231
314
394
413
419
431
413
387
356
301
277
255
239
236
235
230
225
214
191
0
0
Revenue
5 555
N/A
5 384
-3%
5 303
-2%
5 359
+1%
5 522
+3%
5 616
+2%
5 659
+1%
5 821
+3%
5 937
+2%
6 070
+2%
6 270
+3%
6 391
+2%
6 530
+2%
6 710
+3%
6 938
+3%
7 253
+5%
7 584
+5%
7 940
+5%
8 445
+6%
8 798
+4%
9 086
+3%
9 264
+2%
9 398
+1%
9 644
+3%
9 861
+2%
10 193
+3%
10 479
+3%
10 782
+3%
11 023
+2%
10 851
-2%
10 598
-2%
10 373
-2%
10 350
0%
10 623
+3%
11 175
+5%
11 701
+5%
12 104
+3%
12 577
+4%
13 545
+8%
14 664
+8%
15 658
+7%
16 545
+6%
17 025
+3%
17 023
0%
17 088
+0%
17 182
+1%
17 208
+0%
17 444
+1%
17 699
+1%
17 782
+0%
18 151
+2%
18 406
+1%
18 605
+1%
18 853
+1%
18 953
+1%
19 471
+3%
19 820
+2%
20 232
+2%
20 505
+1%
20 326
-1%
20 289
0%
20 452
+1%
20 799
+2%
20 963
+1%
21 146
+1%
21 236
+0%
21 247
+0%
21 519
+1%
21 965
+2%
22 170
+1%
22 337
+1%
22 401
+0%
22 428
+0%
21 512
-4%
16 611
-23%
12 765
-23%
9 048
-29%
6 866
-24%
9 866
+44%
12 752
+29%
15 790
+24%
18 432
+17%
21 152
+15%
22 693
+7%
23 814
+5%
24 826
+4%
25 135
+1%
25 440
+1%
26 091
+3%
26 714
+2%
27 031
+1%
27 376
+1%
27 483
+0%
27 582
+0%
27 472
0%
27 551
+0%
Gross Profit
Cost of Revenue
(1 377)
(1 334)
(1 308)
(1 314)
(1 348)
(1 388)
(1 395)
(1 412)
(1 433)
(1 458)
(1 503)
(1 533)
(1 587)
(1 643)
(1 740)
(1 834)
(1 958)
(2 184)
(2 381)
(2 621)
(2 791)
(2 868)
(2 972)
(3 085)
(3 406)
(3 522)
(3 877)
(4 290)
(4 529)
(4 429)
(4 239)
(4 048)
(3 948)
(4 097)
(4 329)
(4 443)
(4 607)
(4 834)
(5 503)
(6 257)
(6 911)
(7 477)
(7 551)
(7 516)
(7 518)
(7 483)
(7 429)
(7 363)
(7 227)
(7 071)
(6 993)
(6 907)
(6 699)
(6 261)
(5 829)
(5 382)
(5 020)
(5 011)
(4 919)
(4 924)
(5 012)
(5 197)
(5 335)
(5 443)
(5 368)
(5 592)
(5 769)
(5 940)
(6 111)
(6 071)
(5 978)
(5 830)
(5 710)
(5 569)
(4 608)
(3 860)
(3 089)
(2 661)
(3 335)
(4 014)
(4 766)
(5 335)
(6 153)
(6 932)
(7 483)
(8 089)
(7 927)
(7 803)
(8 006)
(8 046)
(8 294)
(8 183)
(7 774)
(7 549)
(7 332)
(7 301)
Gross Profit
4 179
N/A
4 050
-3%
3 995
-1%
4 045
+1%
4 173
+3%
4 227
+1%
4 264
+1%
4 409
+3%
4 504
+2%
4 612
+2%
4 767
+3%
4 858
+2%
4 943
+2%
5 067
+3%
5 198
+3%
5 419
+4%
5 626
+4%
5 756
+2%
6 064
+5%
6 177
+2%
6 295
+2%
6 396
+2%
6 426
+0%
6 559
+2%
6 455
-2%
6 671
+3%
6 602
-1%
6 492
-2%
6 494
+0%
6 422
-1%
6 359
-1%
6 325
-1%
6 402
+1%
6 526
+2%
6 846
+5%
7 258
+6%
7 497
+3%
7 743
+3%
8 042
+4%
8 407
+5%
8 747
+4%
9 068
+4%
9 474
+4%
9 507
+0%
9 570
+1%
9 699
+1%
9 779
+1%
10 081
+3%
10 472
+4%
10 711
+2%
11 158
+4%
11 499
+3%
11 906
+4%
12 592
+6%
13 124
+4%
14 089
+7%
14 800
+5%
15 221
+3%
15 586
+2%
15 402
-1%
15 277
-1%
15 255
0%
15 464
+1%
15 520
+0%
15 778
+2%
15 644
-1%
15 478
-1%
15 579
+1%
15 854
+2%
16 099
+2%
16 359
+2%
16 571
+1%
16 718
+1%
15 943
-5%
12 003
-25%
8 905
-26%
5 959
-33%
4 205
-29%
6 531
+55%
8 738
+34%
11 024
+26%
13 097
+19%
14 999
+15%
15 761
+5%
16 331
+4%
16 737
+2%
17 208
+3%
17 637
+2%
18 085
+3%
18 668
+3%
18 737
+0%
19 193
+2%
19 709
+3%
20 033
+2%
20 140
+1%
20 250
+1%
Operating Income
Operating Expenses
(3 547)
(3 580)
(3 626)
(3 679)
(3 756)
(3 813)
(3 898)
(3 949)
(4 021)
(4 129)
(4 228)
(4 313)
(4 539)
(4 628)
(4 700)
(4 864)
(4 901)
(5 014)
(5 176)
(5 276)
(5 361)
(5 476)
(5 579)
(5 722)
(5 664)
(5 875)
(5 930)
(5 985)
(6 045)
(6 111)
(6 130)
(6 160)
(6 140)
(6 160)
(6 240)
(6 318)
(6 501)
(6 670)
(7 067)
(7 541)
(7 920)
(8 338)
(8 539)
(8 623)
(8 764)
(8 844)
(8 936)
(9 016)
(9 108)
(9 196)
(9 288)
(9 410)
(9 555)
(9 671)
(9 928)
(10 299)
(10 645)
(10 925)
(11 102)
(11 454)
(11 755)
(11 833)
(12 103)
(12 009)
(12 371)
(12 253)
(12 330)
(12 478)
(12 673)
(13 004)
(13 268)
(13 459)
(13 761)
(13 601)
(12 762)
(12 043)
(10 964)
(10 349)
(10 688)
(11 378)
(12 251)
(13 211)
(13 794)
(14 114)
(15 286)
(15 841)
(16 690)
(17 401)
(17 754)
(18 553)
(19 019)
(19 554)
(19 388)
(19 544)
(19 824)
(19 937)
Selling, General & Administrative
(2 254)
(2 266)
(2 293)
(2 335)
(2 383)
(2 446)
(2 535)
(2 591)
(2 654)
(2 734)
(2 789)
(2 849)
(3 050)
(3 114)
(3 163)
(3 267)
(3 228)
(3 282)
(3 392)
(3 451)
(3 520)
(3 602)
(3 665)
(3 769)
(3 829)
(3 869)
(3 931)
(3 985)
(4 061)
(4 140)
(4 163)
(4 210)
(4 187)
(4 197)
(4 284)
(4 325)
(4 455)
(4 577)
(4 808)
(5 092)
(5 326)
(5 585)
(5 727)
(5 798)
(5 881)
(5 943)
(6 007)
(6 060)
(6 115)
(6 165)
(6 230)
(6 299)
(6 412)
(6 535)
(6 740)
(7 087)
(7 388)
(7 540)
(7 612)
(7 821)
(7 831)
(8 012)
(8 207)
(8 094)
(8 306)
(8 409)
(8 496)
(8 637)
(8 756)
(8 949)
(9 171)
(9 336)
(9 914)
(9 514)
(8 945)
(8 448)
(7 856)
(7 180)
(7 373)
(7 882)
(8 986)
(9 292)
(9 675)
(9 829)
(10 640)
(10 507)
(11 134)
(11 662)
(12 792)
(12 925)
(13 217)
(13 568)
(14 125)
(13 685)
(13 929)
(14 042)
Depreciation & Amortization
(318)
(325)
(333)
(343)
(356)
(365)
(373)
(378)
(384)
(394)
(406)
(417)
(431)
(439)
(448)
(461)
(469)
(481)
(492)
(502)
(515)
(527)
(536)
(545)
(555)
(564)
(576)
(588)
(599)
(604)
(606)
(616)
(616)
(620)
(624)
(623)
(628)
(630)
(652)
(682)
(715)
(761)
(787)
(813)
(844)
(853)
(863)
(867)
(867)
(878)
(894)
(911)
(938)
(961)
(983)
(1 003)
(1 015)
(1 062)
(1 111)
(1 168)
(1 221)
(1 250)
(1 270)
(1 257)
(1 218)
(1 177)
(1 150)
(1 149)
(1 201)
(1 221)
(1 231)
(1 238)
(1 219)
(1 234)
(1 245)
(1 252)
(1 255)
(1 255)
(1 257)
(1 264)
(1 272)
(1 284)
(1 294)
(1 307)
(1 351)
(1 392)
(1 434)
(1 474)
(1 522)
(1 565)
(1 602)
(1 665)
(1 657)
(1 645)
(1 641)
(1 597)
Other Operating Expenses
(976)
(989)
(1 000)
(1 001)
(1 017)
(1 002)
(990)
(980)
(983)
(1 001)
(1 033)
(1 047)
(1 058)
(1 075)
(1 089)
(1 136)
(1 204)
(1 251)
(1 292)
(1 323)
(1 326)
(1 347)
(1 378)
(1 408)
(1 280)
(1 442)
(1 423)
(1 412)
(1 385)
(1 367)
(1 361)
(1 334)
(1 337)
(1 343)
(1 332)
(1 370)
(1 418)
(1 463)
(1 607)
(1 767)
(1 879)
(1 992)
(2 025)
(2 012)
(2 039)
(2 048)
(2 066)
(2 089)
(2 126)
(2 153)
(2 164)
(2 200)
(2 205)
(2 175)
(2 205)
(2 209)
(2 242)
(2 323)
(2 379)
(2 465)
(2 703)
(2 571)
(2 626)
(2 658)
(2 847)
(2 667)
(2 684)
(2 692)
(2 716)
(2 834)
(2 866)
(2 885)
(2 628)
(2 853)
(2 572)
(2 343)
(1 853)
(1 914)
(2 058)
(2 232)
(1 993)
(2 635)
(2 825)
(2 978)
(3 295)
(3 942)
(4 122)
(4 265)
(3 440)
(4 063)
(4 200)
(4 321)
(3 606)
(4 212)
(4 252)
(4 296)
Operating Income
631
N/A
470
-25%
369
-22%
367
-1%
417
+14%
414
-1%
366
-12%
460
+26%
483
+5%
483
N/A
539
+12%
545
+1%
404
-26%
439
+9%
498
+13%
555
+11%
725
+31%
742
+2%
888
+20%
901
+1%
934
+4%
920
-1%
847
-8%
837
-1%
791
-5%
796
+1%
672
-16%
507
-25%
449
-11%
311
-31%
229
-26%
165
-28%
262
+59%
366
+40%
606
+66%
940
+55%
996
+6%
1 073
+8%
975
-9%
866
-11%
827
-5%
730
-12%
935
+28%
884
-5%
806
-9%
855
+6%
843
-1%
1 065
+26%
1 364
+28%
1 515
+11%
1 870
+23%
2 089
+12%
2 351
+13%
2 921
+24%
3 196
+9%
3 790
+19%
4 155
+10%
4 296
+3%
4 484
+4%
3 948
-12%
3 522
-11%
3 422
-3%
3 361
-2%
3 511
+4%
3 407
-3%
3 391
0%
3 148
-7%
3 101
-1%
3 181
+3%
3 095
-3%
3 091
0%
3 112
+1%
2 957
-5%
2 342
-21%
(759)
N/A
(3 138)
-313%
(5 005)
-59%
(6 144)
-23%
(4 157)
+32%
(2 640)
+36%
(1 227)
+54%
(114)
+91%
1 205
N/A
1 647
+37%
1 045
-37%
896
-14%
518
-42%
236
-54%
331
+40%
115
-65%
(282)
N/A
(361)
-28%
321
N/A
489
+52%
316
-35%
313
-1%
Pre-Tax Income
Interest Income Expense
197
196
180
60
(25)
(18)
258
211
225
227
(47)
(43)
(65)
(52)
(55)
49
54
44
178
(99)
(144)
(77)
(71)
138
267
151
356
39
(171)
(177)
(517)
(268)
(98)
(78)
(241)
(222)
(243)
(301)
(54)
(482)
(370)
(136)
(296)
137
62
(52)
(30)
17
(69)
(94)
(53)
(171)
(409)
8
(71)
(274)
(637)
(707)
(571)
(356)
(72)
(161)
(236)
(167)
(142)
(70)
(31)
(27)
(24)
(12)
(2)
5
8
0
(82)
(181)
(282)
(377)
(403)
(411)
(418)
(404)
(356)
(257)
(88)
65
207
309
368
364
355
291
240
208
189
191
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
(8)
(25)
(83)
(104)
(134)
(130)
(82)
(205)
(183)
(183)
(198)
(81)
(86)
(91)
(104)
(99)
(126)
(132)
(97)
(80)
(39)
(16)
(13)
(7)
0
0
0
0
0
25
25
25
25
0
0
0
0
0
1 006
1 155
1 189
2 637
2 371
2 986
2 920
1 385
587
(257)
(221)
(132)
(74)
6
(107)
0
0
0
(2)
0
0
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29
29
29
0
(502)
(502)
(502)
0
0
0
0
0
2
(1)
(6)
0
(12)
(13)
(16)
(18)
(16)
(14)
(9)
(8)
(33)
(63)
(95)
(158)
(82)
(36)
(18)
50
(64)
(99)
(43)
(8)
70
98
82
41
60
58
53
39
7
1
(19)
Pre-Tax Income
828
N/A
666
-20%
548
-18%
427
-22%
393
-8%
396
+1%
624
+57%
671
+7%
708
+6%
710
+0%
492
-31%
502
+2%
339
-32%
387
+14%
443
+14%
604
+36%
779
+29%
786
+1%
1 066
+36%
802
-25%
790
-1%
843
+7%
776
-8%
975
+26%
1 058
+9%
947
-10%
1 028
+9%
546
-47%
278
-49%
134
-52%
(288)
N/A
(103)
+64%
164
N/A
288
+76%
365
+27%
717
+96%
745
+4%
747
+0%
838
+12%
280
-67%
323
+15%
464
+44%
557
+20%
816
+46%
685
-16%
620
-9%
615
-1%
1 001
+63%
1 209
+21%
1 359
+12%
1 742
+28%
1 848
+6%
1 816
-2%
2 295
+26%
2 526
+10%
2 934
+16%
3 479
+19%
3 573
+3%
3 900
+9%
3 585
-8%
3 450
-4%
3 263
-5%
3 124
-4%
3 338
+7%
3 265
-2%
3 334
+2%
3 129
-6%
3 083
-1%
3 164
+3%
3 067
-3%
3 075
+0%
3 108
+1%
2 957
-5%
2 309
-22%
102
-96%
(2 259)
N/A
(4 256)
-88%
(3 966)
+7%
(2 225)
+44%
(83)
+96%
1 325
N/A
803
-39%
1 337
+67%
1 090
-18%
728
-33%
899
+23%
749
-17%
633
-15%
633
N/A
539
-15%
131
-76%
(17)
N/A
598
N/A
704
+18%
506
-28%
485
-4%
Net Income
Tax Provision
(317)
(255)
(210)
(164)
(152)
(153)
(237)
(253)
(266)
(266)
(181)
(178)
(124)
(138)
(163)
(233)
(295)
(301)
(392)
(290)
(291)
(312)
(300)
(385)
(413)
(361)
(399)
(199)
(100)
(80)
112
31
(65)
(87)
(143)
(274)
(286)
(294)
(336)
(123)
(145)
(192)
(218)
(321)
(264)
(239)
(238)
(381)
(455)
(512)
(654)
(690)
(680)
(858)
(946)
(1 099)
(1 298)
(1 334)
(1 449)
(1 330)
(1 267)
(1 194)
(1 132)
(1 206)
(1 178)
(1 123)
(928)
(795)
(699)
(678)
(678)
(667)
(688)
(521)
30
575
1 182
1 102
624
85
(348)
(219)
(341)
(263)
(189)
(241)
(168)
(136)
(168)
(146)
(54)
(32)
(133)
(158)
(114)
(106)
Income from Continuing Operations
511
412
338
262
241
244
387
418
442
444
311
324
215
249
280
371
484
485
674
512
499
531
476
590
645
586
629
347
178
54
(176)
(72)
99
201
222
443
459
453
502
157
178
272
339
495
421
381
377
620
754
847
1 088
1 158
1 136
1 437
1 580
1 835
2 181
2 239
2 451
2 255
2 183
2 069
1 992
2 132
2 087
2 211
2 201
2 288
2 465
2 389
2 397
2 441
2 269
1 788
132
(1 684)
(3 074)
(2 864)
(1 601)
2
977
584
996
827
539
658
581
497
465
393
77
(49)
465
546
392
379
Net Income (Common)
511
N/A
412
-19%
338
-18%
262
-23%
241
-8%
244
+1%
387
+59%
418
+8%
442
+6%
444
+0%
311
-30%
324
+4%
215
-34%
249
+16%
280
+12%
371
+33%
484
+30%
485
+0%
674
+39%
512
-24%
499
-3%
531
+6%
476
-10%
590
+24%
645
+9%
586
-9%
629
+7%
347
-45%
178
-49%
54
-70%
(176)
N/A
(72)
+59%
99
N/A
201
+103%
222
+10%
443
+100%
459
+4%
453
-1%
503
+11%
158
-69%
178
+13%
272
+53%
340
+25%
496
+46%
424
-15%
384
-9%
379
-1%
623
+64%
757
+22%
850
+12%
1 090
+28%
1 160
+6%
1 140
-2%
1 439
+26%
1 582
+10%
1 836
+16%
2 185
+19%
2 243
+3%
2 455
+9%
2 259
-8%
2 183
-3%
2 071
-5%
1 994
-4%
2 134
+7%
3 357
+57%
3 481
+4%
3 471
0%
3 558
+3%
2 465
-31%
2 389
-3%
2 397
+0%
2 441
+2%
2 300
-6%
1 819
-21%
163
-91%
(1 653)
N/A
(3 074)
-86%
(2 864)
+7%
(1 601)
+44%
2
N/A
977
+48 750%
584
-40%
996
+71%
827
-17%
539
-35%
658
+22%
581
-12%
497
-14%
465
-6%
393
-15%
77
-80%
(49)
N/A
465
N/A
546
+17%
392
-28%
379
-3%
EPS (Diluted)
0.63
N/A
0.52
-17%
0.43
-17%
0.33
-23%
0.3
-9%
0.3
N/A
0.47
+57%
0.51
+9%
0.54
+6%
0.54
N/A
0.38
-30%
0.4
+5%
0.27
-33%
0.31
+15%
0.35
+13%
0.47
+34%
0.6
+28%
0.58
-3%
0.83
+43%
0.62
-25%
0.61
-2%
0.65
+7%
0.6
-8%
0.78
+30%
0.84
+8%
0.79
-6%
0.86
+9%
0.48
-44%
0.24
-50%
0.08
-67%
-0.24
N/A
-0.1
+58%
0.13
N/A
0.26
+100%
0.29
+12%
0.58
+100%
0.61
+5%
0.6
-2%
0.63
+5%
0.21
-67%
0.23
+10%
0.35
+52%
0.45
+29%
0.67
+49%
0.56
-16%
0.52
-7%
0.53
+2%
0.88
+66%
1.05
+19%
1.21
+15%
1.55
+28%
1.66
+7%
1.64
-1%
2.1
+28%
2.35
+12%
2.76
+17%
3.27
+18%
3.46
+6%
3.84
+11%
3.61
-6%
3.45
-4%
3.37
-2%
3.29
-2%
3.56
+8%
5.56
+56%
5.92
+6%
5.99
+1%
6.25
+4%
4.29
-31%
4.32
+1%
4.42
+2%
4.57
+3%
4.26
-7%
3.53
-17%
0.28
-92%
-2.8
N/A
-5.44
-94%
-4.7
+14%
-2.6
+45%
0
N/A
1.6
N/A
0.98
-39%
1.57
+60%
1.29
-18%
0.84
-35%
1.1
+31%
0.9
-18%
0.77
-14%
0.73
-5%
0.65
-11%
0.11
-83%
-0.08
N/A
0.72
N/A
0.93
+29%
0.72
-23%
0.72
N/A