Southwest Airlines (LUV) Gross Profit (2009 - 2026)
Southwest Airlines posted quarterly Gross Profit of $6.2 billion for Q1 2026, up 16.37% year-on-year from $5.3 billion in Q1 2025, and up 1.69% on a QoQ basis from $6.1 billion in Q4 2025.
Southwest Airlines (LUV) has 18 years of Gross Profit data on file, last reported at $6.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Gross Profit rose 16.37% year-over-year to $6.2 billion; the trailing twelve-month figure through Mar 2026 stood at $24.1 billion (up 13.57% YoY), and the FY2025 full-year result was $22.8 billion, up 5.32% from the prior year.
- Gross Profit for Q1 2026 stood at $6.2 billion, up from $6.1 billion in the prior quarter.
- Across five years, Gross Profit topped out at $6.2 billion in Q1 2026 and bottomed at $4.0 billion in Q1 2022.
- The 5-year median for Gross Profit is $5.4 billion (2022), against an average of $5.3 billion.
- The widest annual swing landed in 2022, when Gross Profit surged 149.4%; it then slipped 15.9% in 2024.
- A 5-year view of Gross Profit shows it stood at $4.8 billion in 2022, then increased by 7.11% to $5.1 billion in 2023, then retreated by 15.9% to $4.3 billion in 2024, then jumped by 41.87% to $6.1 billion in 2025, then advanced by 1.69% to $6.2 billion in 2026.
- The last three Gross Profit figures came in at $6.2 billion (Q1 2026), $6.1 billion (Q4 2025), and $5.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.21 Bn |
| Mar 31, 2026 | 6.21 Bn |
| Dec 31, 2025 | 6.11 Bn |
| Dec 31, 2025 | 6.11 Bn |
| Sep 30, 2025 | 5.83 Bn |
| Sep 30, 2025 | 5.83 Bn |
| Jun 30, 2025 | 5.92 Bn |
| Jun 30, 2025 | 5.92 Bn |
| Mar 31, 2025 | 5.34 Bn |
| Mar 31, 2025 | 5.34 Bn |
| Dec 31, 2024 | 4.31 Bn |
| Dec 31, 2024 | 4.31 Bn |
| Sep 30, 2024 | 5.79 Bn |
| Sep 30, 2024 | 5.79 Bn |
| Jun 30, 2024 | 5.76 Bn |
| Jun 30, 2024 | 5.76 Bn |
| Mar 31, 2024 | 4.80 Bn |
| Mar 31, 2024 | 4.80 Bn |
| Dec 31, 2023 | 5.12 Bn |
| Dec 31, 2023 | 5.12 Bn |
| Sep 30, 2023 | 5.57 Bn |
| Sep 30, 2023 | 5.57 Bn |
| Jun 30, 2023 | 5.63 Bn |
| Jun 30, 2023 | 5.63 Bn |
| Mar 31, 2023 | 4.16 Bn |
| Mar 31, 2023 | 4.16 Bn |
| Dec 31, 2022 | 4.78 Bn |
| Dec 31, 2022 | 4.78 Bn |
| Sep 30, 2022 | 5.40 Bn |
| Sep 30, 2022 | 5.40 Bn |
| Jun 30, 2022 | 5.09 Bn |
| Jun 30, 2022 | 5.09 Bn |
| Mar 31, 2022 | 3.96 Bn |
| Mar 31, 2022 | 3.96 Bn |
| Dec 31, 2021 | 4.37 Bn |
| Dec 31, 2021 | 4.37 Bn |
| Sep 30, 2021 | 4.02 Bn |
| Sep 30, 2021 | 4.02 Bn |
| Jun 30, 2021 | 3.42 Bn |
| Jun 30, 2021 | 3.42 Bn |
| Mar 31, 2021 | 1.59 Bn |
| Mar 31, 2021 | 1.59 Bn |
| Dec 31, 2020 | 1.49 Bn |
| Dec 31, 2020 | 1.49 Bn |
| Sep 30, 2020 | 1.31 Bn |
| Sep 30, 2020 | 1.31 Bn |
| Jun 30, 2020 | 788.00 Mn |
| Jun 30, 2020 | 788.00 Mn |
| Mar 31, 2020 | 3.36 Bn |
| Mar 31, 2020 | 3.36 Bn |
| Dec 31, 2019 | 4.96 Bn |
| Dec 31, 2019 | 4.96 Bn |
| Sep 30, 2019 | 4.88 Bn |
| Sep 30, 2019 | 4.88 Bn |
| Jun 30, 2019 | 5.14 Bn |
| Jun 30, 2019 | 5.14 Bn |
| Mar 31, 2019 | 4.42 Bn |
| Mar 31, 2019 | 4.42 Bn |
| Dec 31, 2018 | 4.95 Bn |
| Dec 31, 2018 | 4.95 Bn |
| Sep 30, 2018 | 4.84 Bn |
| Sep 30, 2018 | 4.84 Bn |
| Jun 30, 2018 | 5.01 Bn |
| Jun 30, 2018 | 5.01 Bn |
| Mar 31, 2018 | 3.93 Bn |
| Mar 31, 2018 | 3.93 Bn |
| Dec 31, 2017 | 4.20 Bn |
| Dec 31, 2017 | 4.20 Bn |
| Sep 30, 2017 | 4.27 Bn |
| Sep 30, 2017 | 4.27 Bn |
| Jun 30, 2017 | 4.71 Bn |
| Jun 30, 2017 | 4.71 Bn |
| Mar 31, 2017 | 3.90 Bn |
| Mar 31, 2017 | 3.90 Bn |
| Dec 31, 2016 | 4.23 Bn |
| Dec 31, 2016 | 4.23 Bn |
| Sep 30, 2016 | 4.48 Bn |
| Sep 30, 2016 | 4.48 Bn |
| Jun 30, 2016 | 4.77 Bn |
| Jun 30, 2016 | 4.77 Bn |
| Mar 31, 2016 | 3.97 Bn |
| Mar 31, 2016 | 3.97 Bn |
| Dec 31, 2015 | 4.18 Bn |
| Dec 31, 2015 | 4.18 Bn |
| Sep 30, 2015 | 4.38 Bn |
| Sep 30, 2015 | 4.38 Bn |
| Jun 30, 2015 | 4.55 Bn |
| Jun 30, 2015 | 4.55 Bn |
| Mar 31, 2015 | 3.54 Bn |
| Mar 31, 2015 | 3.54 Bn |
| Dec 31, 2014 | 4.05 Bn |
| Dec 31, 2014 | 4.05 Bn |
| Sep 30, 2014 | 4.23 Bn |
| Sep 30, 2014 | 4.23 Bn |
| Jun 30, 2014 | 3.59 Bn |
| Jun 30, 2014 | 3.59 Bn |
| Mar 31, 2014 | 2.85 Bn |
| Mar 31, 2014 | 2.85 Bn |
| Dec 31, 2013 | 220.00 Mn |
| Dec 31, 2013 | 220.00 Mn |
| Sep 30, 2013 | 3.10 Bn |
| Sep 30, 2013 | 3.10 Bn |
| Jun 30, 2013 | 4.12 Bn |
| Jun 30, 2013 | 4.12 Bn |
| Mar 31, 2013 | 2.63 Bn |
| Mar 31, 2013 | 2.63 Bn |
| Dec 31, 2012 | 6.75 Bn |
| Dec 31, 2012 | 6.75 Bn |
| Sep 30, 2012 | 2.78 Bn |
| Sep 30, 2012 | 2.78 Bn |
| Jun 30, 2012 | 3.04 Bn |
| Jun 30, 2012 | 3.04 Bn |
| Mar 31, 2012 | 3.50 Bn |
| Mar 31, 2012 | 3.50 Bn |
| Dec 31, 2011 | 6.38 Bn |
| Dec 31, 2011 | 6.38 Bn |
| Sep 30, 2011 | 3.79 Bn |
| Sep 30, 2011 | 3.79 Bn |
| Jun 30, 2011 | 2.61 Bn |
| Jun 30, 2011 | 2.61 Bn |
| Mar 31, 2011 | 2.72 Bn |
| Mar 31, 2011 | 2.72 Bn |
| Dec 31, 2010 | 2.72 Bn |
| Dec 31, 2010 | 2.72 Bn |
| Sep 30, 2010 | 2.83 Bn |
| Sep 30, 2010 | 2.83 Bn |
| Jun 30, 2010 | 3.17 Bn |
| Jun 30, 2010 | 3.17 Bn |
| Mar 31, 2010 | 1.81 Bn |
| Mar 31, 2010 | 1.81 Bn |
| Dec 31, 2009 | 3.63 Bn |
| Dec 31, 2009 | 3.63 Bn |
| Sep 30, 2009 | 2.34 Bn |
| Sep 30, 2009 | 2.34 Bn |
| Jun 30, 2009 | 2.28 Bn |
| Jun 30, 2009 | 2.28 Bn |
| Mar 31, 2009 | 2.03 Bn |
| Mar 31, 2009 | 2.03 Bn |