Southwest Airlines (LUV) Non Operating Income (2010 - 2026)

Southwest Airlines (LUV) posted quarterly Non Operating Income of $21.0 million for Q2 2026, down 61.82% year-on-year from $55.0 million in Q2 2025, and up 146.67% on a QoQ basis from -$45.0 million in Q1 2026.

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.

  • Quarterly Non Operating Income fell 61.82% year-over-year to $21.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $26.0 million (down 86.17% YoY) and the FY2025 annual result came in at $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.
  • Over the last five years, Non Operating Income for LUV reached as high as $120.0 million in Q3 2023 and fell as low as -$225.0 million in Q1 2022.
  • A 5-year average of $28.2 million and a median of $51.0 million in 2024 frame the typical range for Non Operating Income.
  • Annual changes were most pronounced in 2022 — Non Operating Income sank 324.53% — and 2023, when it soared 385.71%.
  • Year by year, Non Operating Income stood at $100.0 million in 2022, then increased by 18.0% to $118.0 million in 2023, then tumbled by 56.78% to $51.0 million in 2024, then tumbled by 66.67% to $17.0 million in 2025, then gained 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 Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non Op. Inc. (Qtr)
1 Latam Airlines 29,341.35 Bn 29,338.67 Bn 1.28 Mn -
2 Ryanair Holdings 183.33 Bn 180.79 Bn - 19.92 Mn
3 Delta Air Lines 53.61 Bn 48.95 Bn 19.07 Bn 145.00 Mn
4 Southwest Airlines 21.85 Bn 18.53 Bn 7.33 Bn 21.00 Mn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.69 Bn 7.93 Bn - -
6 Copa Holdings 5.59 Bn 4.26 Bn 713.71 Mn -17.63 Mn
7 Alaska Air 5.12 Bn 3.35 Bn 3.20 Bn -38.00 Mn
8 Skywest 3.85 Bn 3.22 Bn 1.01 Bn -16.98 Mn
9 Jetblue Airways 1.85 Bn 1.44 Bn 1.87 Bn -112.00 Mn
10 Allegiant Travel 1.72 Bn 818.03 Mn 651.87 Mn -15.08 Mn

Historic Data

Download Data
DateValue
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