Southwest Airlines (LUV) Revenue (2009 - 2026)
Southwest Airlines' (LUV) quarterly Revenue came in at $8.4 billion in Q2 2026, up 16.4% YoY from $7.2 billion in Q2 2025, and up 16.32% on a QoQ basis from $7.2 billion in Q1 2026.
Southwest Airlines (LUV) Revenue (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Revenue data on file, last reported at $8.4 billion in Q2 2026.
- Quarterly Revenue rose 16.4% year-over-year to $8.4 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $30.1 billion (up 9.46% YoY) and the FY2025 annual result came in at $28.1 billion, up 2.11% from the prior year.
- Revenue rose to $8.4 billion in Q2 2026, from $7.2 billion in the prior quarter.
- In the past five years, Revenue ranged from a high of $8.4 billion in Q2 2026 to a low of $4.7 billion in Q1 2022.
- A 5-year average of $6.7 billion and a median of $6.8 billion in 2023 frame the typical range for Revenue.
- Annual changes were most pronounced in 2022 — Revenue jumped 128.75% — and 2025, when it declined 1.5%.
- Tracing LUV's Revenue over 5 years: 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 advanced by 13.3% to $8.4 billion in 2026.
- The last three Revenue figures came in at $8.4 billion (Q2 2026), $7.2 billion (Q1 2026), and $7.4 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 19.76 Bn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 5.29 Bn |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 8.43 Bn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 1.06 Bn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 4.07 Bn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 1.10 Bn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 2.70 Bn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 943.49 Mn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | 1.28 Bn |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 571.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.43 Bn |
| 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 |