Southwest Airlines (LUV) Non Operating Income (2010 - 2026)
Southwest Airlines' (LUV) quarterly Non Operating Income came in at $21.0 million in Q2 2026, down 61.82% YoY 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 17 years of Non Operating Income data on file, last reported at $21.0 million 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 improved to $21.0 million in Q2 2026, from -$45.0 million in the prior quarter.
- In the past five years, Non Operating Income ranged from a high of $120.0 million in Q3 2023 to a low of -$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 slumped 324.53% — and 2023, when it surged 385.71%.
- Tracing LUV's Non Operating Income over 5 years: stood at $100.0 million in 2022, then advanced by 18.0% to $118.0 million in 2023, then slumped by 56.78% to $51.0 million in 2024, then slumped by 66.67% to $17.0 million in 2025, then grew by 23.53% to $21.0 million in 2026.
- The last three Non Operating Income figures came in at $21.0 million (Q2 2026), -$45.0 million (Q1 2026), and $17.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Op. Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.89 Bn | 49.22 Bn | 19.07 Bn | 145.00 Mn |
| 2 | Ryanair Holdings | 29.45 Bn | 26.24 Bn | - | 20.34 Mn |
| 3 | Southwest Airlines | 19.73 Bn | 15.94 Bn | 7.33 Bn | 21.00 Mn |
| 4 | Copa Holdings | 5.35 Bn | 4.09 Bn | 1.03 Bn | -14.38 Mn |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | -46.00 Mn |
| 6 | Skywest | 3.99 Bn | 3.38 Bn | 1.01 Bn | -16.98 Mn |
| 7 | Allegiant Travel | 1.86 Bn | 807.93 Mn | 902.77 Mn | -26.33 Mn |
| 8 | Jetblue Airways | 1.83 Bn | -189.37 Mn | 2.32 Bn | -130.00 Mn |
| 9 | Frontier Group Holdings | 1.36 Bn | 408.77 Mn | - | 3.00 Mn |
| 10 | Republic Airways Holdings | 853.83 Mn | 576.23 Mn | 487.40 Mn | -15.30 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 |