Southwest Airlines (LUV) Revenue (2009 - 2026)
Southwest Airlines posted quarterly Revenue of $7.2 billion for Q1 2026, up 12.77% year-on-year from $6.4 billion in Q1 2025, and down 2.59% on a QoQ basis from $7.4 billion in Q4 2025.
Southwest Airlines (LUV) has 18 years of Revenue data on file, last reported at $7.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Revenue rose 12.77% year-over-year to $7.2 billion; the trailing twelve-month figure through Mar 2026 stood at $28.9 billion (up 4.72% YoY), and the FY2025 full-year result was $28.1 billion, up 2.11% from the prior year.
- Revenue for Q1 2026 stood at $7.2 billion, down from $7.4 billion in the prior quarter.
- Across five years, Revenue topped out at $7.4 billion in Q4 2025 and bottomed at $4.7 billion in Q1 2022.
- The 5-year median for Revenue is $6.8 billion (2023), against an average of $6.6 billion.
- The widest annual swing landed in 2022, when Revenue jumped 128.75%; it then declined 1.5% in 2025.
- A 5-year view of Revenue shows it stood at $6.2 billion in 2022, then gained by 10.55% to $6.8 billion in 2023, then climbed by 1.57% to $6.9 billion in 2024, then grew by 7.39% to $7.4 billion in 2025, then decreased by 2.59% to $7.2 billion in 2026.
- The last three Revenue figures came in at $7.2 billion (Q1 2026), $7.4 billion (Q4 2025), and $6.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 15.85 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 7.25 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 76.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 770.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 3.30 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 1.01 Bn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 962.89 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 2.24 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 671.80 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 992.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.25 Bn |
| Dec 31, 2025 | 7.44 Bn |
| Sep 30, 2025 | 6.95 Bn |
| Jun 30, 2025 | 7.24 Bn |
| Mar 31, 2025 | 6.43 Bn |
| Dec 31, 2024 | 6.93 Bn |
| Sep 30, 2024 | 6.87 Bn |
| Jun 30, 2024 | 7.35 Bn |
| Mar 31, 2024 | 6.33 Bn |
| Dec 31, 2023 | 6.82 Bn |
| Sep 30, 2023 | 6.53 Bn |
| Jun 30, 2023 | 7.04 Bn |
| Mar 31, 2023 | 5.71 Bn |
| Dec 31, 2022 | 6.17 Bn |
| Sep 30, 2022 | 6.22 Bn |
| Jun 30, 2022 | 6.73 Bn |
| Mar 31, 2022 | 4.69 Bn |
| Dec 31, 2021 | 5.05 Bn |
| Sep 30, 2021 | 4.68 Bn |
| Jun 30, 2021 | 4.01 Bn |
| Mar 31, 2021 | 2.05 Bn |
| Dec 31, 2020 | 2.01 Bn |
| Sep 30, 2020 | 1.79 Bn |
| Jun 30, 2020 | 1.01 Bn |
| Mar 31, 2020 | 4.23 Bn |
| Dec 31, 2019 | 5.73 Bn |
| Sep 30, 2019 | 5.64 Bn |
| Jun 30, 2019 | 5.91 Bn |
| Mar 31, 2019 | 5.15 Bn |
| Dec 31, 2018 | 5.70 Bn |
| Sep 30, 2018 | 5.58 Bn |
| Jun 30, 2018 | 5.74 Bn |
| Mar 31, 2018 | 4.94 Bn |
| Dec 31, 2017 | 5.26 Bn |
| Sep 30, 2017 | 5.30 Bn |
| Jun 30, 2017 | 5.73 Bn |
| Mar 31, 2017 | 4.85 Bn |
| Dec 31, 2016 | 5.08 Bn |
| Sep 30, 2016 | 5.14 Bn |
| Jun 30, 2016 | 5.38 Bn |
| Mar 31, 2016 | 4.83 Bn |
| Dec 31, 2015 | 4.98 Bn |
| Sep 30, 2015 | 5.32 Bn |
| Jun 30, 2015 | 5.11 Bn |
| Mar 31, 2015 | 4.41 Bn |
| Dec 31, 2014 | 4.63 Bn |
| Sep 30, 2014 | 4.80 Bn |
| Jun 30, 2014 | 5.01 Bn |
| Mar 31, 2014 | 4.17 Bn |
| Dec 31, 2013 | 4.43 Bn |
| Sep 30, 2013 | 4.55 Bn |
| Jun 30, 2013 | 4.64 Bn |
| Mar 31, 2013 | 4.08 Bn |
| Dec 31, 2012 | 4.17 Bn |
| Sep 30, 2012 | 4.31 Bn |
| Jun 30, 2012 | 4.62 Bn |
| Mar 31, 2012 | 3.99 Bn |
| Dec 31, 2011 | 4.11 Bn |
| Sep 30, 2011 | 4.31 Bn |
| Jun 30, 2011 | 4.14 Bn |
| Mar 31, 2011 | 3.10 Bn |
| Dec 31, 2010 | 3.11 Bn |
| Sep 30, 2010 | 3.19 Bn |
| Jun 30, 2010 | 3.17 Bn |
| Mar 31, 2010 | 2.63 Bn |
| Dec 31, 2009 | 2.71 Bn |
| Sep 30, 2009 | 2.67 Bn |
| Jun 30, 2009 | 2.62 Bn |
| Mar 31, 2009 | 2.36 Bn |