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
DateValue
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