Southwest Airlines Co. (LUV)

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23.90

-0.84 (-3.40%)

At close: Apr 21, 2025, 11:25 AM

Southwest Airlines Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	27.48B	27.38B	27.03B	26.71B	26.09B	25.44B	25.14B	24.83B	23.81B	22.69B	21.15B	18.43B	15.79B	12.75B	9.87B	6.87B	9.05B	12.76B	16.61B	21.51B	22.43B	22.4B	22.34B	22.17B	21.96B	21.54B	21.23B	21.23B	21.17B	20.97B	20.84B	20.48B	20.43B	20.33B	20.5B	20.23B
Cost of Revenue	22.94B	23.34B	23.03B	22.51B	21.87B	20.94B	20.5B	19.99B	19.06B	18.07B	16.35B	14.4B	11.67B	10.16B	9.6B	8.68B	10.94B	12.58B	13.92B	16.18B	16.44B	16.27B	16.25B	16.12B	15.91B	15.62B	15.31B	15.09B	14.97B	14.7B	14.75B	14.43B	14.15B	13.91B	13.64B	13.61B
Gross Profit	4.54B	4.04B	4B	4.2B	4.22B	4.5B	4.64B	4.84B	4.75B	4.62B	4.8B	4.03B	4.12B	2.59B	270M	-1.82B	-1.89B	188M	2.69B	5.33B	5.98B	6.13B	6.08B	6.05B	6.06B	5.92B	5.92B	6.14B	6.2B	6.27B	6.09B	6.05B	6.28B	6.41B	6.86B	6.62B
Operating Income	404M	-278M	-199M	139M	363M	542M	820M	1.18B	1.04B	1.46B	1.79B	1.23B	1.72B	357M	-1.79B	-3.51B	-3.82B	-1.98B	247M	2.34B	2.96B	3.11B	3.09B	3.1B	3.21B	3.16B	3.19B	3.47B	3.52B	3.59B	3.45B	3.48B	3.76B	3.94B	4.47B	4.28B
Interest Income	497M	550M	585M	599M	583M	541M	455M	339M	217M	108M	40M	14M	13M	8M	10M	17M	32M	50M	69M	84M	90M	93M	90M	81M	70M	58M	47M	40M	35M	31M	28M	26M	24M	21M	17M	13M
Pretax Income	598M	-17M	131M	539M	632M	632M	748M	898M	727M	1.09B	1.34B	804M	1.33B	-83M	-2.23B	-3.97B	-4.26B	-2.26B	102M	2.31B	2.96B	3.11B	3.08B	3.07B	3.17B	3.08B	3.09B	3.3B	3.25B	3.32B	3.15B	3.28B	3.55B	3.58B	3.9B	3.57B
Net Income	464M	-49M	77M	393M	465M	497M	581M	658M	539M	827M	996M	584M	978M	2M	-1.6B	-2.86B	-3.07B	-1.65B	164M	1.82B	2.3B	2.44B	2.4B	2.39B	2.46B	3.7B	3.59B	3.6B	3.49B	2.12B	2.01B	2.08B	2.24B	2.25B	2.45B	2.24B
Selling & General & Admin	3.18B	4.31B	4.19B	4.05B	3.99B	4.25B	4.11B	3.95B	3.73B	3.02B	2.86B	2.66B	1.93B	1.4B	742M	157M	157M	216M	216M	216M	216M	227M	227M	227M	227M	238M	238M	238M	238M	232M	232M	232M	232M	218M	218M	218M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	949M	4M	25M	34M	987M	2.38B	3.17B	3.96B	3.73B	2.33B	1.48B	706M	23M	-30M	-36M	-82M	-132M	697M	729M	759M	759M	-9M	-14M	-16M	-18M	-44M	-75M	-145M	-235M	-233M	-258M	-141M	-161M	-299M	-507M	-638M
Operating Expenses	4.13B	4.32B	4.2B	4.06B	4B	4.26B	4.12B	3.96B	3.73B	3.02B	2.87B	2.66B	2.4B	2.23B	2.06B	1.69B	1.93B	2.17B	2.44B	2.99B	3.02B	3.02B	2.99B	2.96B	2.85B	2.76B	2.72B	2.67B	2.69B	2.68B	2.64B	2.58B	2.51B	2.47B	2.38B	2.32B
Interest Expense	214M	225M	230M	235M	237M	239M	255M	277M	301M	355M	386M	412M	431M	418M	412M	393M	313M	231M	151M	84M	83M	88M	92M	93M	93M	88M	77M	68M	64M	63M	69M	76M	77M	78M	81M	82M
Selling & Marketing Expenses	n/a	266M	266M	266M	266M	224M	224M	224M	224M	185M	185M	185M	185M	156M	156M	156M	156M	212M	212M	212M	212M	215M	215M	215M	215M	224M	224M	224M	224M	232M	232M	232M	232M	218M	218M	218M
Cost & Expenses	27.03B	27.6B	27.23B	26.57B	25.87B	25.2B	24.61B	23.94B	22.8B	21.1B	19.22B	17.06B	14.07B	12.39B	11.65B	10.37B	12.87B	14.75B	16.36B	19.17B	19.47B	19.29B	19.25B	19.07B	18.76B	18.38B	18.04B	17.76B	17.66B	17.39B	17.39B	17.01B	16.66B	16.38B	16.02B	15.94B
Income Tax Expense	134M	32M	54M	146M	167M	135M	167M	240M	188M	264M	342M	220M	348M	-85M	-624M	-1.1B	-1.18B	-607M	-62M	489M	656M	667M	678M	678M	700M	-614M	-497M	-300M	-237M	1.2B	1.14B	1.2B	1.31B	1.33B	1.45B	1.33B
Shares Outstanding (Basic)	628.95M	599M	599M	597M	596M	596M	595M	594M	594M	627.67M	631.68M	591.49M	592M	592M	591M	591M	588.21M	590M	561.35M	515M	525M	533M	542M	551M	560M	569M	578M	587M	592M	597M	604M	613M	617M	618M	632M	641M
Shares Outstanding (Diluted)	641M	601M	643M	597M	596M	640M	639M	594M	594M	639M	635M	592M	603M	607M	615M	609M	590M	590M	563M	515M	527M	534M	542M	552M	561M	569M	579M	588M	594M	598M	605M	614M	621M	625M	639M	648M
EPS (Basic)	0.78	-0.09	0.12	0.66	0.78	0.83	0.95	1.00	0.80	1.28	1.59	0.98	1.65	n/a	-2.71	-4.93	-5.31	-2.79	0.41	3.41	4.29	4.48	4.32	4.22	4.31	6.33	6.09	6.06	5.84	3.50	3.29	3.35	3.58	3.56	3.82	3.43
EPS (Diluted)	0.70	-0.13	0.06	0.56	0.68	0.73	0.86	0.99	0.79	1.27	1.57	0.94	1.60	-0.05	-2.74	-4.94	-5.31	-2.79	0.40	3.40	4.28	4.47	4.32	4.22	4.31	6.32	6.08	6.04	5.82	3.48	3.26	3.31	3.53	3.51	3.77	3.39
EBITDA	2.48B	1.9B	1.99B	2.36B	2.41B	2.35B	2.44B	2.57B	2.38B	2.75B	3.02B	2.5B	3.03B	1.59B	-566M	-2.33B	-2.7B	-781M	1.48B	3.6B	4.23B	4.35B	4.33B	4.33B	4.42B	4.34B	4.4B	4.61B	4.62B	4.73B	4.5B	4.62B	4.84B	4.83B	5.09B	4.72B
EBIT	812M	208M	361M	774M	869M	872M	1B	1.18B	1.03B	1.45B	1.72B	1.22B	1.76B	336M	-1.81B	-3.57B	-3.94B	-2.03B	253M	2.39B	3.04B	3.19B	3.17B	3.16B	3.26B	3.17B	3.21B	3.4B	3.33B	3.4B	3.19B	3.34B	3.62B	3.67B	3.98B	3.66B
Depreciation & Amortization	1.66B	1.67B	1.6B	1.56B	1.52B	1.47B	1.43B	1.39B	1.35B	1.31B	1.29B	1.28B	1.27B	1.26B	1.26B	1.26B	1.25B	1.25B	1.25B	1.23B	1.22B	1.24B	1.23B	1.22B	1.2B	1.15B	1.15B	1.18B	1.22B	1.26B	1.27B	1.25B	1.22B	1.17B	1.11B	1.06B