Southwest Airlines LUV
NYSE LUV
$38.69 +0.02 (+0.05%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

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