Southwest Airlines (LUV) Non Operating Income (2009 - 2026)
Southwest Airlines posted quarterly Non Operating Income of -$26.0 million for Q1 2026, down 44.44% year-on-year from -$46.8 million in Q1 2025, and up 65.33% on a QoQ basis from -$75.0 million in Q4 2025.
Southwest Airlines (LUV) has 18 years of Non Operating Income data on file, last reported 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.
- Across five years, Non Operating Income topped out at $120.0 million in Q3 2023 and bottomed at -$225.0 million in Q1 2022.
- The 5-year median for Non Operating Income is $18.0 million (2023), against an average of $13.4 million.
- The widest annual swing landed in 2022, when Non Operating Income jumped 1566.67%; it then plunged 971.43% in 2025.
- A 5-year view of Non Operating Income shows it stood at $100.0 million in 2022, then slumped by 82.0% to $18.0 million in 2023, then tumbled by 138.89% to -$7.0 million in 2024, then slumped by 971.43% to -$75.0 million in 2025, then surged 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 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | -10.00 Mn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | -26.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 10.00 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 | -38.00 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | -48,000.00 |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | -17.63 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -112.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 1.14 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 2.00 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 |
| Mar 31, 2021 | 48.00 Mn |
| Dec 31, 2020 | 60.00 Mn |
| Sep 30, 2020 | -35.00 Mn |
| Jun 30, 2020 | -112.00 Mn |
| Mar 31, 2020 | -28.00 Mn |
| Dec 31, 2019 | -7.00 Mn |
| Jun 30, 2019 | -2.00 Mn |
| Mar 31, 2019 | -1.00 Mn |
| Dec 31, 2018 | 21.00 Mn |
| Sep 30, 2018 | -8.00 Mn |
| Jun 30, 2018 | -12.00 Mn |
| Mar 31, 2018 | 4.00 Mn |
| Dec 31, 2017 | -27.00 Mn |
| Sep 30, 2017 | -13.00 Mn |
| Jun 30, 2017 | -50.00 Mn |
| Mar 31, 2017 | -74.00 Mn |
| Dec 31, 2016 | 63.00 Mn |
| Sep 30, 2016 | -64.00 Mn |
| Jun 30, 2016 | 28.00 Mn |
| Mar 31, 2016 | -128.00 Mn |
| Dec 31, 2015 | -243.00 Mn |
| Sep 30, 2015 | -272.00 Mn |
| Jun 30, 2015 | -88.00 Mn |
| Mar 31, 2015 | -57.00 Mn |
| Dec 31, 2014 | -293.00 Mn |
| Sep 30, 2014 | -66.00 Mn |
| Jun 30, 2014 | -29.00 Mn |
| Mar 31, 2014 | 53.00 Mn |
| Dec 31, 2013 | -52.00 Mn |
| Sep 30, 2013 | 29.00 Mn |
| Jun 30, 2013 | -70.00 Mn |
| Mar 31, 2013 | 24.00 Mn |
| Dec 31, 2012 | 62.00 Mn |
| Sep 30, 2012 | -18.00 Mn |
| Jun 30, 2012 | -92.00 Mn |
| Mar 31, 2012 | 170.00 Mn |
| Dec 31, 2011 | -19.00 Mn |
| Sep 30, 2011 | -405.00 Mn |
| Jun 30, 2011 | 113.00 Mn |
| Mar 31, 2011 | -96.00 Mn |
| Dec 31, 2010 | -105.00 Mn |
| Sep 30, 2010 | -23.00 Mn |
| Jun 30, 2010 | -146.00 |
| Mar 31, 2010 | 4.00 Mn |
| Dec 31, 2009 | -61.00 Mn |
| Sep 30, 2009 | 2.00 Mn |
| Jun 30, 2009 | -23.00 Mn |
| Mar 31, 2009 | -23.00 Mn |