Southwest Airlines (LUV) EBIT (2009 - 2026)
Southwest Airlines' (LUV) quarterly EBIT came in at $285.0 million in Q2 2026, up 26.67% on a YoY basis from $225.0 million in Q2 2025, and down 13.64% quarter-over-quarter from $330.0 million in Q1 2026.
Analysis
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.
- For the quarter ending Q2 2026, EBIT rose 26.67% year-over-year to $285.0 million; the trailing twelve-month figure through Jun 2026 stood at $1.0 billion (up 227.36% YoY), and the FY2025 full-year result was $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.
- Across five years, EBIT topped out at $1.2 billion in Q2 2022 and bottomed at -$404.0 million in Q4 2023.
- Historically, EBIT has averaged $144.7 million across 5 years, with a median of $171.0 million in 2023.
- The sharpest annual moves came in 2022 and 2026: EBIT tumbled 297.44% in 2022, then jumped 247.98% in 2026.
- Over 5 years, EBIT stood at -$385.0 million in 2022, then slipped by 4.94% to -$404.0 million in 2023, then jumped by 168.81% to $278.0 million in 2024, then soared by 40.65% to $391.0 million in 2025, then decreased 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.66 Bn | 46.99 Bn | 19.07 Bn | 1.86 Bn |
| 2 | Ryanair Holdings | 28.60 Bn | 24.67 Bn | - | 668.82 Mn |
| 3 | Southwest Airlines | 18.92 Bn | 15.13 Bn | 7.33 Bn | 285.00 Mn |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | 91.66 Mn |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | -168.00 Mn |
| 6 | Skywest | 3.79 Bn | 3.19 Bn | 1.01 Bn | 155.83 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.29 Bn | 1.25 Bn | - | 68.00 Mn |
| 8 | Allegiant Travel | 1.75 Bn | 699.04 Mn | 902.77 Mn | 21.11 Mn |
| 9 | Jetblue Airways | 1.64 Bn | -375.44 Mn | 2.32 Bn | -141.00 Mn |
| 10 | Frontier Group Holdings | 1.30 Bn | 347.83 Mn | - | -97.00 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 |