Southwest Airlines (LUV) EBT (2009 - 2026)

Southwest Airlines (LUV) posted quarterly EBT of $306.0 million for Q2 2026, up 9.29% year-on-year from $280.0 million in Q2 2025, and up 7.37% on a QoQ basis from $285.0 million in Q1 2026.

Southwest Airlines (LUV) EBT (2009 - 2026) Analysis & Trends

Southwest Airlines (LUV) has reported EBT for 18 consecutive years, with $306.0 million the latest figure, recorded in Q2 2026.

  • Quarterly EBT rose 9.29% year-over-year to $306.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.1 billion (up 110.87% YoY) and the FY2025 annual result came in at $563.0 million, down 5.85% from the prior year.
  • EBT improved to $306.0 million in Q2 2026 per LUV's latest filing, from $285.0 million in the prior quarter.
  • Over the last five years, EBT for LUV reached as high as $1.0 billion in Q2 2022 and fell as low as -$376.0 million in Q1 2022.
  • A 5-year average of $172.9 million and a median of $258.5 million in 2023 frame the typical range for EBT.
  • Annual changes were most pronounced in 2022 — EBT tumbled 470.13% — and 2026, when it jumped 248.44%.
  • Year by year, EBT stood at -$285.0 million in 2022, then fell by 0.35% to -$286.0 million in 2023, then surged by 215.03% to $329.0 million in 2024, then gained by 24.01% to $408.0 million in 2025, then dropped by 25.0% to $306.0 million in 2026.
  • According to Business Quant data, EBT over the past three periods registered $306.0 million, $285.0 million, and $408.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Latam Airlines 30,525.85 Bn 30,523.18 Bn 1.28 Mn 630,502.00
2 Ryanair Holdings 61.48 Bn 58.29 Bn - 674.76 Mn
3 Delta Air Lines 56.46 Bn 51.79 Bn 19.07 Bn 2.01 Bn
4 Southwest Airlines 22.15 Bn 18.36 Bn 7.33 Bn 306.00 Mn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.85 Bn 8.03 Bn - -185.00 Mn
6 Copa Holdings 5.69 Bn 4.35 Bn 713.71 Mn 191.96 Mn
7 Alaska Air 5.39 Bn 3.62 Bn 3.20 Bn -317.00 Mn
8 Skywest 4.29 Bn 3.69 Bn 1.01 Bn 138.85 Mn
9 Jetblue Airways 2.00 Bn 1.59 Bn 1.87 Bn -336.00 Mn
10 Allegiant Travel 1.80 Bn 895.60 Mn 651.87 Mn 66.02 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 306.00 Mn
Mar 31, 2026 285.00 Mn
Dec 31, 2025 408.00 Mn
Sep 30, 2025 68.00 Mn
Jun 30, 2025 280.00 Mn
Mar 31, 2025 -192.00 Mn
Dec 31, 2024 329.00 Mn
Sep 30, 2024 89.00 Mn
Jun 30, 2024 478.00 Mn
Mar 31, 2024 -298.00 Mn
Dec 31, 2023 -286.00 Mn
Sep 30, 2023 237.00 Mn
Jun 30, 2023 886.00 Mn
Mar 31, 2023 -205.00 Mn
Dec 31, 2022 -285.00 Mn
Sep 30, 2022 353.00 Mn
Jun 30, 2022 1.04 Bn
Mar 31, 2022 -376.00 Mn
Dec 31, 2021 77.00 Mn
Sep 30, 2021 600.00 Mn