Southwest Airlines (LUV) EBT (2009 - 2026)
Southwest Airlines posted quarterly EBT of $285.0 million for Q1 2026, up 248.44% year-on-year from $81.8 million in Q1 2025, and down 30.15% on a QoQ basis from $408.0 million in Q4 2025.
Southwest Airlines (LUV) has 18 years of EBT data on file, last reported at $285.0 million in Q1 2026.
- For the quarter ending Q1 2026, EBT rose 248.44% year-over-year to $285.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.0 billion (up 47.87% YoY), and the FY2025 full-year result was $563.0 million, down 5.85% from the prior year.
- EBT for Q1 2026 stood at $285.0 million, down from $408.0 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.
- The 5-year median for EBT is $237.0 million (2023), against an average of $165.1 million.
- The widest annual swing landed in 2022, when EBT slumped 470.13%; it then soared 248.44% in 2026.
- A 5-year view of EBT shows it stood at -$285.0 million in 2022, then dropped by 0.35% to -$286.0 million in 2023, then soared by 215.03% to $329.0 million in 2024, then increased by 24.01% to $408.0 million in 2025, then tumbled by 30.15% to $285.0 million in 2026.
- The last three EBT figures came in at $285.0 million (Q1 2026), $408.0 million (Q4 2025), and $68.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | -214.00 Mn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 285.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 13.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | -89.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | -317.00 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 107.77 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 191.96 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -336.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 66.02 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | -281.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 502.00 Mn |
| Mar 31, 2021 | 146.00 Mn |
| Dec 31, 2020 | -1.33 Bn |
| Sep 30, 2020 | -1.54 Bn |
| Jun 30, 2020 | -1.24 Bn |
| Mar 31, 2020 | -144.00 Mn |
| Dec 31, 2019 | 666.00 Mn |
| Sep 30, 2019 | 819.00 Mn |
| Jun 30, 2019 | 968.00 Mn |
| Mar 31, 2019 | 504.00 Mn |
| Dec 31, 2018 | 817.00 Mn |
| Sep 30, 2018 | 786.00 Mn |
| Jun 30, 2018 | 960.00 Mn |
| Mar 31, 2018 | 602.00 Mn |
| Dec 31, 2017 | 736.00 Mn |
| Sep 30, 2017 | 832.00 Mn |
| Jun 30, 2017 | 1.17 Bn |
| Mar 31, 2017 | 532.00 Mn |
| Dec 31, 2016 | 809.00 Mn |
| Sep 30, 2016 | 618.00 Mn |
| Jun 30, 2016 | 1.30 Bn |
| Mar 31, 2016 | 816.00 Mn |
| Dec 31, 2015 | 847.00 Mn |
| Sep 30, 2015 | 933.00 Mn |
| Jun 30, 2015 | 977.00 Mn |
| Mar 31, 2015 | 723.00 Mn |
| Dec 31, 2014 | 302.00 Mn |
| Sep 30, 2014 | 525.00 Mn |
| Jun 30, 2014 | 746.00 Mn |
| Mar 31, 2014 | 244.00 Mn |
| Dec 31, 2013 | 334.00 Mn |
| Sep 30, 2013 | 419.00 Mn |
| Jun 30, 2013 | 363.00 Mn |
| Mar 31, 2013 | 94.00 Mn |
| Dec 31, 2012 | 125.00 Mn |
| Sep 30, 2012 | 33.00 Mn |
| Jun 30, 2012 | 368.00 Mn |
| Mar 31, 2012 | 159.00 Mn |
| Dec 31, 2011 | 255.00 Mn |
| Sep 30, 2011 | -226.00 Mn |
| Jun 30, 2011 | 275.00 Mn |
| Mar 31, 2011 | 18.00 Mn |
| Dec 31, 2010 | 213.00 Mn |
| Sep 30, 2010 | 332.00 Mn |
| Jun 30, 2010 | 184.00 Mn |
| Mar 31, 2010 | 17.00 Mn |
| Dec 31, 2009 | 185.00 Mn |
| Sep 30, 2009 | -20.00 Mn |
| Jun 30, 2009 | 107.00 Mn |
| Mar 31, 2009 | -107.00 Mn |