Southwest Airlines (LUV) EBIT (2009 - 2026)
Southwest Airlines' EBIT was $285 million in Q2 2026, up 26.7% from $225 million a year earlier but down 13.6% from the prior quarter.
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Analysis
Southwest Airlines (LUV) EBIT (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Southwest Airlines' EBIT was $1.04 billion through Jun 30, 2026, up 227.4% year-over-year; for FY2025, it came in at $428 million, up 33.3% from FY2024.
- In earlier years, EBIT was $321 million in FY2024 (+43.3%), $224 million in FY2023 (-78.0%), $1.02 billion in FY2022 (-40.9%) and $1.72 billion in FY2021.
- Quarterly EBIT has moved between -$404 million (Q4 2023) and $1.16 billion (Q2 2022) over five years.
- Compared with a year earlier, EBIT was higher in two of the last five quarters, with an average decline of 10.3%.
- The best year-over-year quarter for EBIT over five years was Q2 2022 (growth of 94.9%); the worst was Q3 2023 (a decline of 70.4%).
- Per Business Quant data, LUV's EBIT in the three quarters before Q2 2026 was $330 million (Q1 2026), $391 million (Q4 2025) and $35 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 2.76 Bn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 1.51 Bn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 1.06 Bn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 930.00 Mn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 1.12 Bn |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 1.55 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 1.86 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 465.30 Mn |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 668.82 Mn |
| 10 | Southwest Airlines | 20.68 Bn | 7.32 Bn | - | 285.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 285.00 Mn |
| 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 |
API Access
Southwest Airlines EBIT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();