Name: LUV Income Statement - Southwest Airlines Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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LUV - Southwest Airlines Co.

USD | NYSE | Industrials

LUV Income Statement - Southwest Airlines Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19	Q4 FY 18	Q3 FY 18	Q2 FY 18	Q1 FY 18	Q4 FY 17	Q3 FY 17	Q2 FY 17	Q1 FY 17	Q4 FY 16	Q3 FY 16	Q2 FY 16
Revenues
Revenues	7,249.0	7,442.0	6,949.0	7,244.0	6,428.0	6,930.0	6,870.0	7,354.0	6,329.0	6,823.0	6,525.0	7,037.0	5,706.0	6,172.0	6,220.0	6,728.0

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Revenues
Revenues	28,884.0	28,063.0	27,483.0	26,091.0	23,814.0	15,790.0	9,048.0	22,428.0	21,965.0	21,171.0	20,425.0	19,820.0	18,605.0	17,699.0	17,088.0	15,658.0	12,104.0	10,350.0
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income
Operating Income	981.0	428.0	321.0	224.0	1,017.0	1,721.0	(3,816.0)	2,957.0	3,206.0	3,407.0	3,522.0	4,116.0	2,225.0	1,278.0
Non-Operating
Interest Income	144.0	205.0	497.0	583.0	217.0	13.0	32.0	90.0	69.0	35.0	24.0	9.0	7.0	6.0	7.0
Tax & Net
Income Tax Expense	223.0	122.0	133.0	168.0	189.0	348.0	(1,182.0)	657.0	699.0	(92.0)	1,267.0	1,298.0	680.0	455.0	264.0
Per Share
EPS Basic	1.64	0.82	0.78	0.78	0.91	1.65	(5.44)	4.28	4.30	5.58	3.48	3.30	1.65	1.06	0.56	0.23
Supplementary Data
EBITDA	2,543.0	1,988.0	1,978.0	1,746.0	2,368.0	2,993.0	(2,561.0)	4,176.0	4,407.0	4,625.0	4,743.0	5,131.0	3,163.0	2,145.0	1,467.0	1,408.0

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	398.0	370.0	394.0	400.0	396.0	407.0	438.0	404.0	408.0	415.0	375.0	367.0	365.0	367.0	335.0	325.0
Amortization of Intangibles	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1,037.0	1,121.0	1,123.0	1,133.0	1,090.0	948.0	1,079.0	1,093.0	1,018.0	1,133.0	958.0	956.0	952.0	1,394.0	819.0	791.0	731.0
Total Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Operating Income
Operating Income	330.0	391.0	35.0	225.0	(223.0)	278.0	38.0	398.0	(393.0)	(404.0)	117.0	795.0	(284.0)	(385.0)	395.0	1,158.0	(151.0)	195.0	733.0	594.0	199.0	(1,168.0)	(1,411.0)	(1,127.0)	(110.0)	665.0	819.0	968.0	505.0	820.0	798.0	972.0	616.0	741.0	845.0	1,215.0	606.0	607.0	695.0	1,276.0

Tax & Net
Income Tax Expense	58.0	84.0	14.0	67.0	(43.0)	67.0	22.0	111.0	(67.0)	(33.0)	44.0	203.0	(46.0)	(65.0)	76.0	276.0	(98.0)	10.0	154.0	154.0	30.0	(423.0)	(385.0)	(324.0)	(50.0)	153.0	160.0	227.0	117.0	162.0	171.0	227.0	139.0	(1,011.0)	304.0	422.0	193.0	250.0	230.0	484.0
Net Income From Continuing Ops	227.0	323.0	54.0	213.0	(149.0)	262.0	67.0	367.0	(231.0)	(252.0)	193.0	683.0	(159.0)	(220.0)	277.0	760.0	(278.0)
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	227.0	323.0	54.0	213.0	(149.0)	262.0	67.0	367.0	(231.0)	(252.0)	193.0	683.0	(159.0)	(220.0)	277.0	760.0	(278.0)
Net Income Attributable To Parent	227.0	323.0	54.0	213.0	(149.0)	262.0	67.0	367.0	(231.0)	(252.0)	193.0	683.0	(159.0)	(220.0)	277.0	760.0
Less: Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	227.0	324.0	54.0	213.0	(149.0)	277.0	67.0	372.0	(231.0)	(243.0)	198.0	688.0	(159.0)	(207.0)	282.0

Per Share
EPS Basic	0.45	-	0.10	0.40	(0.26)	-	0.11	0.61	(0.39)	-	0.32	1.15	(0.27)	-	0.47	1.29	(0.47)	-	0.75	0.59	0.20	-	(1.96)	(1.63)	(0.18)	-	1.24	1.37	0.70	-	1.08	1.27	0.79	-	0.88	1.23	0.55	-	0.63	1.30
EPS Diluted	0.45	-	0.10	0.39	(0.26)	-	0.11	0.58	(0.39)	-	0.31	1.08	(0.27)	-	0.44	1.20	(0.47)	-
Shares Basic	498.0	-	523.0	538.0	584.0	-	599.0	599.0	597.0	-	596.0	595.0	594.0	-	593.0	593.0	592.0	-
Shares Diluted	503.0	-	526.0	541.0	584.0	-	601.0	643.0	597.0	-	640.0	639.0	594.0	-	639.0	635.0	592.0	-

Supplementary Data
EBITDA	728.0	761.0	429.0	625.0	173.0	685.0	476.0	802.0	15.0	11.0	492.0	1,162.0	81.0	(18.0)	730.0	1,483.0	173.0	518.0	1,055.0	909.0	511.0	(852.0)	(1,096.0)	(814.0)	201.0	977.0	1,127.0	1,270.0	802.0	1,151.0	1,099.0	1,264.0	893.0	1,020.0	1,147.0	1,534.0	924.0	924.0	1,010.0	1,575.0
EBIT	330.0	391.0	35.0	225.0	(223.0)	278.0	38.0	398.0	(393.0)	(404.0)	117.0	795.0	(284.0)	(385.0)	395.0	1,158.0	(151.0)	195.0	733.0

Non-Operating
Interest Income	23.0	33.0	34.0	54.0	84.0	105.0	121.0	130.0	141.0	158.0	156.0	144.0	125.0	116.0	70.0	28.0	3.0	7.0	2.0	2.0	2.0	2.0	4.0	9.0	17.0	20.0	23.0	24.0	23.0	22.0	20.0	15.0	12.0	11.0	9.0	8.0	7.0	7.0	6.0	6.0
Interest Expense	54.0	47.0	35.0	39.0	46.0	58.0	63.0	63.0	65.0	-	63.0	65.0	-	-	-	-	-	-
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	(45.0)	16.0	33.0	55.0	31.0	51.0	51.0	80.0	95.0	119.0	120.0	91.0	79.0	100.0	(42.0)	(122.0)	(225.0)
Pre-Tax Income	285.0	407.0	68.0	280.0	(192.0)	329.0	89.0	478.0	(298.0)	(285.0)	237.0	886.0	(205.0)	(285.0)	353.0	1,036.0