Southwest Airlines (LUV) EBIT Margin (2009 - 2026)
Southwest Airlines' (LUV) quarterly EBIT Margin came in at 3.38% in Q2 2026, up 27.0% on a YoY basis from 2.66% in Q2 2025, and down 25.75% quarter-over-quarter from 4.55% in Q1 2026.
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Southwest Airlines (LUV) EBIT Margin (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported EBIT Margin for 18 consecutive years, with 3.38% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBIT Margin rose 27.0% year-over-year to 3.38%; the trailing twelve-month figure through Jun 2026 stood at 3.46% (up 230.0% YoY), and the FY2025 full-year result was 1.53%, up 36.0% from the prior year.
- EBIT Margin fell to 3.38% in Q2 2026 per LUV's latest filing, from 4.55% in the prior quarter.
- Across five years, EBIT Margin topped out at 17.21% in Q2 2022 and bottomed at 6.24% in Q4 2022.
- Historically, EBIT Margin has averaged 1.86% across 5 years, with a median of 2.45% in 2023.
- The sharpest annual moves came in 2022 and 2024: EBIT Margin tumbled 1291 bps in 2022, then surged 993 bps in 2024.
- Over 5 years, EBIT Margin stood at 6.24% in 2022, then rose by 5 bps to 5.92% in 2023, then surged by 168 bps to 4.01% in 2024, then jumped by 31 bps to 5.25% in 2025, then tumbled by 36 bps to 3.38% in 2026.
- According to Business Quant data, EBIT Margin over the past three periods registered 3.38%, 4.55%, and 5.25% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.66 Bn | 46.99 Bn | 19.07 Bn | 9.43% |
| 2 | Ryanair Holdings | 28.60 Bn | 24.67 Bn | - | 13.12% |
| 3 | Southwest Airlines | 18.92 Bn | 15.13 Bn | 7.33 Bn | 3.38% |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | 8.65% |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | -4.13% |
| 6 | Skywest | 3.79 Bn | 3.19 Bn | 1.01 Bn | 14.13% |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.29 Bn | 1.25 Bn | - | 4.60% |
| 8 | Allegiant Travel | 1.75 Bn | 699.04 Mn | 902.77 Mn | 2.24% |
| 9 | Jetblue Airways | 1.64 Bn | -375.44 Mn | 2.32 Bn | -5.23% |
| 10 | Frontier Group Holdings | 1.30 Bn | 347.83 Mn | - | -7.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.38% |
| 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% |