Southwest Airlines (LUV) EBIT (2009 - 2026)
Southwest Airlines (LUV) posted quarterly EBIT of $285.0 million for Q2 2026, up 26.67% year-on-year from $225.0 million in Q2 2025, and down 13.64% on a QoQ basis from $330.0 million in Q1 2026.
Southwest Airlines (LUV) EBIT (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported EBIT for 18 consecutive years, with $285.0 million the latest figure, recorded in Q2 2026.
- Quarterly EBIT rose 26.67% year-over-year to $285.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.0 billion (up 227.36% YoY) and the FY2025 annual result came in at $428.0 million, up 33.33% from the prior year.
- EBIT declined to $285.0 million in Q2 2026 per LUV's latest filing, from $330.0 million in the prior quarter.
- Over the last five years, EBIT for LUV reached as high as $1.2 billion in Q2 2022 and fell as low as -$404.0 million in Q4 2023.
- A 5-year average of $144.7 million and a median of $171.0 million in 2023 frame the typical range for EBIT.
- Annual changes were most pronounced in 2022 — EBIT sank 297.44% — and 2026, when it jumped 247.98%.
- Year by year, EBIT stood at -$385.0 million in 2022, then dropped by 4.94% to -$404.0 million in 2023, then surged by 168.81% to $278.0 million in 2024, then jumped by 40.65% to $391.0 million in 2025, then slipped by 27.11% to $285.0 million in 2026.
- According to Business Quant data, EBIT over the past three periods registered $285.0 million, $330.0 million, and $391.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 29,341.35 Bn | 29,338.67 Bn | 1.28 Mn | 822.52 Mn |
| 2 | Ryanair Holdings | 183.33 Bn | 180.79 Bn | - | 654.84 Mn |
| 3 | Delta Air Lines | 53.61 Bn | 48.95 Bn | 19.07 Bn | 1.86 Bn |
| 4 | Southwest Airlines | 21.85 Bn | 18.53 Bn | 7.33 Bn | 285.00 Mn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.69 Bn | 7.93 Bn | - | -99.00 Mn |
| 6 | Copa Holdings | 5.59 Bn | 4.26 Bn | 713.71 Mn | 209.59 Mn |
| 7 | Alaska Air | 5.12 Bn | 3.35 Bn | 3.20 Bn | -279.00 Mn |
| 8 | Skywest | 3.85 Bn | 3.22 Bn | 1.01 Bn | 155.83 Mn |
| 9 | Jetblue Airways | 1.85 Bn | 1.44 Bn | 1.87 Bn | -224.00 Mn |
| 10 | Allegiant Travel | 1.72 Bn | 818.03 Mn | 651.87 Mn | 81.10 Mn |
Historic Data
Download 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 |