Southwest Airlines (LUV) Operating Income (2009 - 2026)

Southwest Airlines (LUV) has 18 years of Operating Income data on file, last reported at $330.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Income rose 247.98% year-over-year to $330.0 million; the trailing twelve-month figure through Mar 2026 stood at $981.0 million (up 99.8% YoY), and the FY2025 full-year result was $428.0 million, up 33.33% from the prior year.
• Operating Income for Q1 2026 stood at $330.0 million, down from $391.0 million in the prior quarter.
• Across five years, Operating Income topped out at $1.2 billion in Q2 2022 and bottomed at -$404.0 million in Q4 2023.
• The 5-year median for Operating Income is $117.0 million (2023), against an average of $136.5 million.
• The widest annual swing landed in 2022, when Operating Income plunged 297.44%; it then soared 247.98% in 2026.
• A 5-year view of Operating Income shows it 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.
• The last three Operating Income figures came in at $330.0 million (Q1 2026), $391.0 million (Q4 2025), and $35.0 million (Q3 2025), per Business Quant data.

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