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Southwest Airlines (LUV) Operating Income (2016 - 2026)

Southwest Airlines has reported Operating Income over the past 18 years, most recently at $330.0 million for Q1 2026.

  • Quarterly Operating Income rose 247.98% to $330.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $981.0 million through Mar 2026, up 99.8% year-over-year, with the annual reading at $428.0 million for FY2025, 33.33% up from the prior year.
  • Operating Income was $330.0 million for Q1 2026 at Southwest Airlines, down from $391.0 million in the prior quarter.
  • Over five years, Operating Income peaked at $1.2 billion in Q2 2022 and troughed at -$404.0 million in Q4 2023.
  • The 5-year median for Operating Income is $171.0 million (2023), against an average of $169.6 million.
  • Biggest five-year swings in Operating Income: tumbled 297.44% in 2022 and later skyrocketed 247.98% in 2026.
  • Tracing LUV's Operating Income over 5 years: stood at -$385.0 million in 2022, then decreased by 4.94% to -$404.0 million in 2023, then soared by 168.81% to $278.0 million in 2024, then surged by 40.65% to $391.0 million in 2025, then dropped by 15.6% to $330.0 million in 2026.
  • According to Business Quant data, Operating Income over the past three periods came in at $330.0 million, $391.0 million, and $35.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.