Southwest Airlines (LUV) EBITDA (2009 - 2026)

Southwest Airlines has reported EBITDA for 18 years, with the latest figure at $250.0 million in Q1 2026.

• For the quarter ending Q1 2026, EBITDA rose 268.92% year-over-year to $250.0 million; the trailing twelve-month figure through Mar 2026 stood at $926.0 million (up 82.28% YoY), and the FY2025 full-year result was $428.0 million, up 33.33% from the prior year.
• EBITDA for Q1 2026 stood at $250.0 million, down from $391.0 million in the prior quarter.
• The five-year high for EBITDA was $674.0 million in Q2 2022, with the low at -$404.0 million in Q4 2023.
• Historically, EBITDA has averaged $99.0 million across 5 years, with a median of $202.0 million in 2025.
• Annual changes were most pronounced in 2022 — EBITDA slumped 297.44% — and 2025, when it jumped 336.84%.
• Southwest Airlines' EBITDA stood at -$385.0 million in 2022, then retreated 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 sank by 36.06% to $250.0 million in 2026.
• The last three EBITDA figures came in at $250.0 million (Q1 2026), $391.0 million (Q4 2025), and $83.0 million (Q3 2025), per Business Quant data.