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| 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 |