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Southwest Airlines Co. (LUV)

NYSE: LUV · Real-Time Price · USD

30.65

-1.11 (-3.49%)

At close: May 22, 2025, 10:53 AM

Southwest Airlines Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Revenue	27.48B	26.09B	23.81B	15.79B	9.05B	22.43B	21.96B	21.17B	20.43B
Cost of Revenue	23.02B	21.87B	19.06B	11.68B	10.94B	16.45B	15.91B	14.97B	14.15B
Gross Profit	4.46B	4.22B	4.75B	4.12B	-1.89B	5.98B	6.06B	6.2B	6.27B
Operating Income	321M	224M	1.02B	1.72B	-3.82B	2.96B	3.21B	3.52B	3.76B
Interest Income	497M	583M	217M	13M	32M	90M	69M	35M	24M
Pretax Income	598M	633M	728M	1.32B	-4.26B	2.96B	3.16B	3.25B	3.55B
Net Income	465M	465M	539M	977M	-3.07B	2.3B	2.46B	3.49B	2.24B
Selling & General & Admin	n/a	3.99B	3.73B	2.39B	1.93B	3.03B	2.85B	2.85B	2.7B
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	4.14B	n/a	3.73B	2.39B	1.93B	3.03B	2.85B	-234M	-162M
Operating Expenses	4.14B	3.99B	3.73B	2.39B	1.93B	3.03B	2.85B	2.69B	2.51B
Interest Expense	214M	236M	301M	431M	314M	82M	93M	65M	75M
Selling & Marketing Expenses	n/a	266M	224M	185M	156M	212M	215M	224M	232M
Cost & Expenses	27.16B	25.87B	22.8B	14.07B	12.86B	19.47B	18.76B	17.66B	16.66B
Income Tax Expense	133M	168M	189M	348M	-1.18B	657M	699M	-237M	1.3B
Shares Outstanding (Basic)	598M	595M	593M	592M	565M	538M	573M	601M	627M
Shares Outstanding (Diluted)	643M	640M	642M	609M	565M	539M	574M	603M	633M
EPS (Basic)	0.78	0.81	0.91	1.65	-5.44	4.28	4.30	5.80	3.58
EPS (Diluted)	0.75	0.76	0.84	1.60	-5.44	4.27	4.29	5.78	3.55
EBITDA	2.47B	2.39B	2.38B	3.03B	-2.7B	4.23B	4.42B	4.52B	4.67B
EBIT	812M	869M	1.03B	1.76B	-3.94B	3.04B	3.26B	3.33B	3.52B
Depreciation & Amortization	1.66B	1.52B	1.35B	1.27B	1.25B	1.22B	1.2B	1.22B	1.22B