Southwest Airlines (LUV) EBT (2009 - 2026)
Southwest Airlines' (LUV) quarterly EBT came in at $306.0 million in Q2 2026, up 9.29% YoY 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 18 years of EBT data on file, last reported at $306.0 million 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 grew to $306.0 million in Q2 2026, from $285.0 million in the prior quarter.
- In the past five years, EBT ranged from a high of $1.0 billion in Q2 2022 to a low of -$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 plunged 470.13% — and 2026, when it soared 248.44%.
- Tracing LUV's EBT over 5 years: stood at -$285.0 million in 2022, then slipped by 0.35% to -$286.0 million in 2023, then surged by 215.03% to $329.0 million in 2024, then grew by 24.01% to $408.0 million in 2025, then retreated by 25.0% to $306.0 million in 2026.
- The last three EBT figures came in at $306.0 million (Q2 2026), $285.0 million (Q1 2026), and $408.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 2.01 Bn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 689.16 Mn |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 306.00 Mn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 77.28 Mn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | -214.00 Mn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 138.85 Mn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -271.00 Mn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | -5.22 Mn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | -94.00 Mn |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 43.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |