Southwest Airlines (LUV) Income from Continuing Operations (2009 - 2026)
Southwest Airlines (LUV) recorded Income from Continuing Operations of $233 million in Q2 2026, up 9.4% from $213 million a year earlier and up 2.6% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Income from Continuing Operations (2009 - 2026) Analysis & Trends
On a TTM basis, Southwest Airlines' Income from Continuing Operations came in at $837 million as of Jun 30, 2026, up 113.5% year-over-year; for FY2025, it was $441 million, down 5.2% from FY2024.
- Across earlier years, Income from Continuing Operations came in at $465 million in FY2024 (unchanged), $465 million in FY2023 (-13.7%), $539 million in FY2022 (-44.8%) and $977 million in FY2021.
- Quarterly Income from Continuing Operations has ranged from -$278 million in Q1 2022 to $760 million in Q2 2022 over the past five years.
- On a year-over-year basis, Income from Continuing Operations rose in two of the last five quarters, with an average decline of 18.7%.
- Peak year-over-year performance for Income from Continuing Operations in the last five years was growth of 118.4% in Q2 2022, against a decline of 65.3% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $227 million (Q1 2026), $323 million (Q4 2025) and $54 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Income (Continuing) (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.50 Bn | 165.03 Bn | - | 1.99 Bn |
| 2 | Csx | 88.86 Bn | 85.07 Bn | - | 1.00 Bn |
| 3 | United Parcel Service | 82.91 Bn | 59.81 Bn | - | 604.00 Mn |
| 4 | Canadian Pacific Kansas City | 76.79 Bn | 75.81 Bn | - | 740.28 Mn |
| 5 | Norfolk Southern | 72.78 Bn | 67.42 Bn | - | 734.00 Mn |
| 6 | Fedex | 69.54 Bn | 35.48 Bn | - | 1.60 Bn |
| 7 | Delta Air Lines | 48.82 Bn | 31.01 Bn | - | 756.00 Mn |
| 8 | Old Dominion Freight Line | 38.83 Bn | 38.10 Bn | - | 350.60 Mn |
| 9 | United Airlines Holdings | 31.02 Bn | -25.36 Bn | - | 805.00 Mn |
| 10 | Southwest Airlines | 18.96 Bn | 5.59 Bn | - | 233.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 233.00 Mn |
| Mar 31, 2026 | 227.00 Mn |
| Dec 31, 2025 | 323.00 Mn |
| Sep 30, 2025 | 54.00 Mn |
| Jun 30, 2025 | 213.00 Mn |
| Mar 31, 2025 | -149.00 Mn |
| Dec 31, 2024 | 261.00 Mn |
| Sep 30, 2024 | 67.00 Mn |
| Jun 30, 2024 | 367.00 Mn |
| Mar 31, 2024 | -231.00 Mn |
| Dec 31, 2023 | -252.00 Mn |
| Sep 30, 2023 | 193.00 Mn |
| Jun 30, 2023 | 683.00 Mn |
| Mar 31, 2023 | -159.00 Mn |
| Dec 31, 2022 | -220.00 Mn |
| Sep 30, 2022 | 277.00 Mn |
| Jun 30, 2022 | 760.00 Mn |
| Mar 31, 2022 | -278.00 Mn |
| Dec 31, 2021 | 68.00 Mn |
| Sep 30, 2021 | 446.00 Mn |
API Access
Southwest Airlines Income from Continuing Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=income-from-continuing-operations&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-from-continuing-operations", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=income-from-continuing-operations&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();