Growth Metrics

Southwest Airlines (LUV) EBIT (2009 - 2026)

Southwest Airlines posted quarterly EBIT of $330.0 million for Q1 2026, up 247.98% year-on-year from $94.8 million in Q1 2025, and down 15.6% on a QoQ basis from $391.0 million in Q4 2025.

Southwest Airlines (LUV) has 18 years of EBIT data on file, last reported at $330.0 million in Q1 2026.

  • For the quarter ending Q1 2026, EBIT rose 247.98% year-over-year to $330.0 million; the trailing twelve-month figure through Mar 2026 stood at $981.0 million (up 99.8% YoY), and the FY2025 full-year result was $428.0 million, up 33.33% from the prior year.
  • EBIT for Q1 2026 stood at $330.0 million, down from $391.0 million in the prior quarter.
  • Across five years, EBIT topped out at $1.2 billion in Q2 2022 and bottomed at -$404.0 million in Q4 2023.
  • The 5-year median for EBIT is $117.0 million (2023), against an average of $136.5 million.
  • The widest annual swing landed in 2022, when EBIT plunged 297.44%; it then soared 247.98% in 2026.
  • A 5-year view of EBIT shows it stood at -$385.0 million in 2022, then decreased by 4.94% to -$404.0 million in 2023, then soared by 168.81% to $278.0 million in 2024, then surged by 40.65% to $391.0 million in 2025, then dropped by 15.6% to $330.0 million in 2026.
  • The last three EBIT figures came in at $330.0 million (Q1 2026), $391.0 million (Q4 2025), and $35.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT (Qtr)
1 Delta Air Lines 53.78 Bn 48.72 Bn 15.19 Bn 501.00 Mn
2 Southwest Airlines 21.39 Bn 18.06 Bn 6.21 Bn 330.00 Mn
3 Grupo Aeromexico, S.A.B. de C.V 18.50 Bn 17.47 Bn -239.00 Mn 142.00 Mn
4 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.98 Bn - -21.00 Mn
5 Alaska Air 5.26 Bn 3.49 Bn 3.20 Bn -279.00 Mn
6 Skywest 3.43 Bn 2.80 Bn 924.11 Mn 123.69 Mn
7 Copa Holdings 3.33 Bn 1.99 Bn 713.71 Mn 209.59 Mn
8 Jetblue Airways 2.03 Bn -140.72 Mn 1.87 Bn -224.00 Mn
9 Allegiant Travel 1.67 Bn 765.78 Mn 651.87 Mn 81.10 Mn
10 Frontier Group Holdings 1.39 Bn 618.26 Mn 724.00 Mn -283.00 Mn

Historic Data

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DateValue
Mar 31, 2026 330.00 Mn
Dec 31, 2025 391.00 Mn
Sep 30, 2025 35.00 Mn
Jun 30, 2025 225.00 Mn
Mar 31, 2025 -223.00 Mn
Dec 31, 2024 278.00 Mn
Sep 30, 2024 38.00 Mn
Jun 30, 2024 398.00 Mn
Mar 31, 2024 -393.00 Mn
Dec 31, 2023 -404.00 Mn
Sep 30, 2023 117.00 Mn
Jun 30, 2023 795.00 Mn
Mar 31, 2023 -284.00 Mn
Dec 31, 2022 -385.00 Mn
Sep 30, 2022 395.00 Mn
Jun 30, 2022 1.16 Bn
Mar 31, 2022 -151.00 Mn
Dec 31, 2021 195.00 Mn
Sep 30, 2021 733.00 Mn
Jun 30, 2021 594.00 Mn
Mar 31, 2021 199.00 Mn
Dec 31, 2020 -1.17 Bn
Sep 30, 2020 -1.41 Bn
Jun 30, 2020 -1.13 Bn
Mar 31, 2020 -110.00 Mn
Dec 31, 2019 665.00 Mn
Sep 30, 2019 819.00 Mn
Jun 30, 2019 968.00 Mn
Mar 31, 2019 505.00 Mn
Dec 31, 2018 820.00 Mn
Sep 30, 2018 798.00 Mn
Jun 30, 2018 972.00 Mn
Mar 31, 2018 616.00 Mn
Dec 31, 2017 741.00 Mn
Sep 30, 2017 845.00 Mn
Jun 30, 2017 1.22 Bn
Mar 31, 2017 606.00 Mn
Dec 31, 2016 846.00 Mn
Sep 30, 2016 695.00 Mn
Jun 30, 2016 1.28 Bn
Mar 31, 2016 944.00 Mn
Dec 31, 2015 1.03 Bn
Sep 30, 2015 1.23 Bn
Jun 30, 2015 1.09 Bn
Mar 31, 2015 780.00 Mn
Dec 31, 2014 621.00 Mn
Sep 30, 2014 614.00 Mn
Jun 30, 2014 775.00 Mn
Mar 31, 2014 215.00 Mn
Dec 31, 2013 386.00 Mn
Sep 30, 2013 390.00 Mn
Jun 30, 2013 433.00 Mn
Mar 31, 2013 70.00 Mn
Dec 31, 2012 91.00 Mn
Sep 30, 2012 51.00 Mn
Jun 30, 2012 460.00 Mn
Mar 31, 2012 22.00 Mn
Dec 31, 2011 147.00 Mn
Sep 30, 2011 225.00 Mn
Jun 30, 2011 207.00 Mn
Mar 31, 2011 114.00 Mn
Dec 31, 2010 216.00 Mn
Sep 30, 2010 355.00 Mn
Jun 30, 2010 363.00 Mn
Mar 31, 2010 54.00 Mn
Dec 31, 2009 167.00 Mn
Sep 30, 2009 22.00 Mn
Jun 30, 2009 123.00 Mn
Mar 31, 2009 -50.00 Mn