Southwest Airlines (LUV) EBT (2009 - 2026)
Southwest Airlines' (LUV) quarterly EBT came in at $306.0 million in Q2 2026, up 9.29% on a YoY basis from $280.0 million in Q2 2025, and up 7.37% quarter-over-quarter from $285.0 million in Q1 2026.
Analysis
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.
- For the quarter ending Q2 2026, EBT rose 9.29% year-over-year to $306.0 million; the trailing twelve-month figure through Jun 2026 stood at $1.1 billion (up 110.87% YoY), and the FY2025 full-year result was $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.
- Across five years, EBT topped out at $1.0 billion in Q2 2022 and bottomed at -$376.0 million in Q1 2022.
- Historically, EBT has averaged $172.9 million across 5 years, with a median of $258.5 million in 2023.
- The sharpest annual moves came in 2022 and 2026: EBT sank 470.13% in 2022, then jumped 248.44% in 2026.
- Over 5 years, EBT stood at -$285.0 million in 2022, then declined by 0.35% to -$286.0 million in 2023, then jumped by 215.03% to $329.0 million in 2024, then rose by 24.01% to $408.0 million in 2025, then slipped 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.66 Bn | 46.99 Bn | 19.07 Bn | 2.01 Bn |
| 2 | Ryanair Holdings | 28.60 Bn | 24.67 Bn | - | 689.16 Mn |
| 3 | Southwest Airlines | 18.92 Bn | 15.13 Bn | 7.33 Bn | 306.00 Mn |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | 77.28 Mn |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | -214.00 Mn |
| 6 | Skywest | 3.79 Bn | 3.19 Bn | 1.01 Bn | 138.85 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.29 Bn | 1.25 Bn | - | -68.00 Mn |
| 8 | Allegiant Travel | 1.75 Bn | 699.04 Mn | 902.77 Mn | -5.22 Mn |
| 9 | Jetblue Airways | 1.64 Bn | -375.44 Mn | 2.32 Bn | -271.00 Mn |
| 10 | Frontier Group Holdings | 1.30 Bn | 347.83 Mn | - | -94.00 Mn |
Historic Data
Download Data
Historic 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 |