Southwest Airlines (LUV) Non Operating Income (2009 - 2026)
Southwest Airlines (LUV) reported Non Operating Income of -$26.0 million for Q1 2026, down 44.44% on a YoY basis from -$46.8 million in Q1 2025, and up 65.33% quarter-over-quarter from -$75.0 million in Q4 2025.
Southwest Airlines (LUV) Non Operating Income (2009 - 2026) Analysis & Trends
Southwest Airlines has reported Non Operating Income for 18 years, with the latest figure at -$26.0 million in Q1 2026.
- For the quarter ending Q1 2026, Non Operating Income fell 44.44% year-over-year to -$26.0 million; the trailing twelve-month figure through Mar 2026 stood at -$13.0 million (down 141.94% YoY), and the FY2025 full-year result was $43.0 million, up 816.67% from the prior year.
- Non Operating Income for Q1 2026 stood at -$26.0 million, up from -$75.0 million in the prior quarter.
- The five-year high for Non Operating Income was $120.0 million in Q3 2023, with the low at -$225.0 million in Q1 2022.
- Historically, Non Operating Income has averaged $13.4 million across 5 years, with a median of $18.0 million in 2023.
- Annual changes were most pronounced in 2022 — Non Operating Income jumped 1566.67% — and 2025, when it slumped 971.43%.
- Southwest Airlines' Non Operating Income stood at $100.0 million in 2022, then tumbled by 82.0% to $18.0 million in 2023, then plunged by 138.89% to -$7.0 million in 2024, then tumbled by 971.43% to -$75.0 million in 2025, then jumped by 65.33% to -$26.0 million in 2026.
- The last three Non Operating Income figures came in at -$26.0 million (Q1 2026), -$75.0 million (Q4 2025), and $33.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Op. Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | 13.81 Mn |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | -10.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 129.00 Mn |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | -26.00 Mn |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | -17.63 Mn |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | -38.00 Mn |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | -48,000.00 |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | - |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -112.00 Mn |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 1.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -26.00 Mn |
| Dec 31, 2025 | -75.00 Mn |
| Sep 30, 2025 | 33.00 Mn |
| Jun 30, 2025 | 55.00 Mn |
| Mar 31, 2025 | -18.00 Mn |
| Dec 31, 2024 | -7.00 Mn |
| Sep 30, 2024 | 51.00 Mn |
| Jun 30, 2024 | 5.00 Mn |
| Mar 31, 2024 | 12.00 Mn |
| Dec 31, 2023 | 18.00 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 | 39.00 Mn |
| Jun 30, 2022 | -25.00 Mn |
| Mar 31, 2022 | -225.00 Mn |
| Dec 31, 2021 | 6.00 Mn |
| Sep 30, 2021 | -133.00 Mn |
| Jun 30, 2021 | -92.00 Mn |