Southwest Airlines (LUV) Revenue (2009 - 2026)

Southwest Airlines (LUV) reported Revenue of $7.2 billion for Q1 2026, up 12.77% on a YoY basis from $6.4 billion in Q1 2025, and down 2.59% quarter-over-quarter from $7.4 billion in Q4 2025.

Southwest Airlines (LUV) Revenue (2009 - 2026) Analysis & Trends

Southwest Airlines has reported Revenue for 18 years, with the latest figure 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.
  • The five-year high for Revenue was $7.4 billion in Q4 2025, with the low at $4.7 billion in Q1 2022.
  • Historically, Revenue has averaged $6.6 billion across 5 years, with a median of $6.8 billion in 2023.
  • Annual changes were most pronounced in 2022 — Revenue jumped 128.75% — and 2025, when it declined 1.5%.
  • Southwest Airlines' Revenue stood at $6.2 billion in 2022, then rose by 10.55% to $6.8 billion in 2023, then advanced by 1.57% to $6.9 billion in 2024, then climbed by 7.39% to $7.4 billion in 2025, then retreated 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 Ryanair Holdings 453.97 Bn 448.50 Bn 1.55 Bn 2.94 Bn
2 Delta Air Lines 54.89 Bn 49.84 Bn 15.19 Bn 15.85 Bn
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn 76.00 Mn
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn 7.25 Bn
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn 962.89 Mn
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn 3.30 Bn
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn 1.01 Bn
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - 770.00 Mn
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn 2.24 Bn
10 Allegiant Travel 1.82 Bn 921.81 Mn 651.87 Mn 671.80 Mn

Historic Data

Download Data
DateValue
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