Southwest Airlines (LUV) Income from Continuing Operations (2009 - 2026)
Southwest Airlines' (LUV) quarterly Income from Continuing Operations came in at $233.0 million in Q2 2026, up 9.39% on a YoY basis from $213.0 million in Q2 2025, and up 2.64% quarter-over-quarter from $227.0 million in Q1 2026.
Analysis
Southwest Airlines (LUV) Income from Continuing Operations (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Income from Continuing Operations for 18 consecutive years, with $233.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Income from Continuing Operations rose 9.39% year-over-year to $233.0 million; the trailing twelve-month figure through Jun 2026 stood at $837.0 million (up 113.52% YoY), and the FY2025 full-year result was $441.0 million, down 5.16% from the prior year.
- Income from Continuing Operations advanced to $233.0 million in Q2 2026 per LUV's latest filing, from $227.0 million in the prior quarter.
- Across five years, Income from Continuing Operations topped out at $760.0 million in Q2 2022 and bottomed at -$278.0 million in Q1 2022.
- Historically, Income from Continuing Operations has averaged $131.6 million across 5 years, with a median of $203.0 million in 2023.
- The sharpest annual moves came in 2022 and 2026: Income from Continuing Operations plunged 423.53% in 2022, then jumped 252.35% in 2026.
- Over 5 years, Income from Continuing Operations stood at -$220.0 million in 2022, then slipped by 14.55% to -$252.0 million in 2023, then jumped by 203.57% to $261.0 million in 2024, then rose by 23.75% to $323.0 million in 2025, then slipped by 27.86% to $233.0 million in 2026.
- According to Business Quant data, Income from Continuing Operations over the past three periods registered $233.0 million, $227.0 million, and $323.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Income (Continuing) (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.71 Bn | 48.04 Bn | 19.07 Bn | 1.60 Bn |
| 2 | Ryanair Holdings | 28.90 Bn | 24.96 Bn | - | 753.33 Mn |
| 3 | Southwest Airlines | 19.37 Bn | 15.58 Bn | 7.33 Bn | 233.00 Mn |
| 4 | Copa Holdings | 5.44 Bn | 4.18 Bn | 1.03 Bn | 86.39 Mn |
| 5 | Alaska Air | 4.69 Bn | 2.03 Bn | 3.76 Bn | -76.00 Mn |
| 6 | Skywest | 3.85 Bn | 3.25 Bn | 1.01 Bn | 100.70 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.30 Bn | 1.27 Bn | - | -58.00 Mn |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | -4.82 Mn |
| 9 | Jetblue Airways | 1.75 Bn | -274.49 Mn | 2.32 Bn | -247.00 Mn |
| 10 | Frontier Group Holdings | 1.37 Bn | 416.98 Mn | - | -90.00 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 |