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| 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 |