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| 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 |