Southwest Airlines (LUV) EBIT Margin (2009 - 2026)
Southwest Airlines (LUV) reported EBIT Margin of 4.55% for Q1 2026, up 802.0% on a YoY basis from 0.5% in Q1 2025, and down 13.35% quarter-over-quarter from 5.25% in Q4 2025.
Southwest Airlines (LUV) EBIT Margin (2009 - 2026) Analysis & Trends
Southwest Airlines has reported EBIT Margin for 18 years, with the latest figure at 4.55% in Q1 2026.
- For the quarter ending Q1 2026, EBIT Margin rose 802.0% year-over-year to 4.55%; the trailing twelve-month figure through Mar 2026 stood at 3.4% (up 162.0% YoY), and the FY2025 full-year result was 1.53%, up 36.0% from the prior year.
- EBIT Margin for Q1 2026 stood at 4.55%, down from 5.25% in the prior quarter.
- The five-year high for EBIT Margin was 17.21% in Q2 2022, with the low at 6.24% in Q4 2022.
- Historically, EBIT Margin has averaged 1.77% across 5 years, with a median of 1.79% in 2023.
- Annual changes were most pronounced in 2022 — EBIT Margin slumped 1291 bps — and 2024, when it jumped 993 bps.
- Southwest Airlines' EBIT Margin stood at 6.24% in 2022, then grew by 5 bps to 5.92% in 2023, then soared by 168 bps to 4.01% in 2024, then surged by 31 bps to 5.25% in 2025, then slipped by 13 bps to 4.55% in 2026.
- The last three EBIT Margin figures came in at 4.55% (Q1 2026), 5.25% (Q4 2025), and 0.5% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | -20.08% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 3.16% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 186.84% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 4.55% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 21.77% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | -8.45% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 12.21% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | -2.73% |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -10.00% |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 12.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.55% |
| Dec 31, 2025 | 5.25% |
| Sep 30, 2025 | 0.50% |
| Jun 30, 2025 | 3.11% |
| Mar 31, 2025 | -3.47% |
| Dec 31, 2024 | 4.01% |
| Sep 30, 2024 | 0.55% |
| Jun 30, 2024 | 5.41% |
| Mar 31, 2024 | -6.21% |
| Dec 31, 2023 | -5.92% |
| Sep 30, 2023 | 1.79% |
| Jun 30, 2023 | 11.30% |
| Mar 31, 2023 | -4.98% |
| Dec 31, 2022 | -6.24% |
| Sep 30, 2022 | 6.35% |
| Jun 30, 2022 | 17.21% |
| Mar 31, 2022 | -3.22% |
| Dec 31, 2021 | 3.86% |
| Sep 30, 2021 | 15.67% |
| Jun 30, 2021 | 14.82% |