Southwest Airlines (LUV) Non Operating Income (2010 - 2026)
Southwest Airlines' (LUV) quarterly Non Operating Income came in at $21.0 million in Q2 2026, down 61.82% on a YoY basis from $55.0 million in Q2 2025, and up 146.67% quarter-over-quarter from -$45.0 million in Q1 2026.
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Analysis
Southwest Airlines (LUV) Non Operating Income (2010 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Non Operating Income for 17 consecutive years, with $21.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Non Operating Income fell 61.82% year-over-year to $21.0 million; the trailing twelve-month figure through Jun 2026 stood at $26.0 million (down 86.17% YoY), and the FY2025 full-year result was $135.0 million, down 51.26% from the prior year.
- Non Operating Income advanced to $21.0 million in Q2 2026 per LUV's latest filing, from -$45.0 million in the prior quarter.
- Across five years, Non Operating Income topped out at $120.0 million in Q3 2023 and bottomed at -$225.0 million in Q1 2022.
- Historically, Non Operating Income has averaged $28.2 million across 5 years, with a median of $51.0 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Non Operating Income tumbled 324.53% in 2022, then soared 385.71% in 2023.
- Over 5 years, Non Operating Income stood at $100.0 million in 2022, then grew by 18.0% to $118.0 million in 2023, then plunged by 56.78% to $51.0 million in 2024, then plunged by 66.67% to $17.0 million in 2025, then rose by 23.53% to $21.0 million in 2026.
- According to Business Quant data, Non Operating Income over the past three periods registered $21.0 million, -$45.0 million, and $17.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Op. Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.35 Bn | 47.68 Bn | 19.07 Bn | 145.00 Mn |
| 2 | Ryanair Holdings | 27.93 Bn | 24.00 Bn | - | 20.34 Mn |
| 3 | Southwest Airlines | 20.05 Bn | 16.26 Bn | 7.33 Bn | 21.00 Mn |
| 4 | Copa Holdings | 5.42 Bn | 4.16 Bn | 1.03 Bn | -14.38 Mn |
| 5 | Alaska Air | 4.52 Bn | 1.86 Bn | 3.76 Bn | -46.00 Mn |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn | -16.98 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.25 Bn | 1.21 Bn | - | - |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | -26.33 Mn |
| 9 | Jetblue Airways | 1.65 Bn | -372.51 Mn | 2.32 Bn | -130.00 Mn |
| 10 | Frontier Group Holdings | 1.34 Bn | 384.76 Mn | - | 3.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.00 Mn |
| Mar 31, 2026 | -45.00 Mn |
| Dec 31, 2025 | 17.00 Mn |
| Sep 30, 2025 | 33.00 Mn |
| Jun 30, 2025 | 55.00 Mn |
| Mar 31, 2025 | 31.00 Mn |
| Dec 31, 2024 | 51.00 Mn |
| Sep 30, 2024 | 51.00 Mn |
| Jun 30, 2024 | 80.00 Mn |
| Mar 31, 2024 | 95.00 Mn |
| Dec 31, 2023 | 118.00 Mn |
| Sep 30, 2023 | 120.00 Mn |
| Jun 30, 2023 | 91.00 Mn |
| Mar 31, 2023 | 79.00 Mn |
| Dec 31, 2022 | 100.00 Mn |
| Sep 30, 2022 | -42.00 Mn |
| Jun 30, 2022 | -122.00 Mn |
| Mar 31, 2022 | -225.00 Mn |
| Dec 31, 2021 | -118.00 Mn |
| Sep 30, 2021 | -133.00 Mn |
API Access
Southwest Airlines Non Operating Income 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=non-operating-income&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-income", "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=non-operating-income&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();