Southwest Airlines (LUV)
Runs a U.S.-focused airline with point-to-point routes, assigned seating, and an all-737 fleet.
$41.13
vs last close−0.95 (−2.26%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,525 | 6,823 | 6,329 | 7,354 | 6,870 | 6,930 | 6,428 | 7,244 | 6,949 | 7,442 | 7,249 | 8,433 |
| Cost of revenue | 5,450 | 6,096 | 5,704 | 5,863 | 5,753 | 5,702 | 5,561 | 5,886 | 5,791 | 5,931 | 6,521 | −6,521 |
| Gross profit | 1,075 | 727 | 625 | 1,491 | 1,117 | 1,228 | 867 | 1,358 | 1,158 | 1,511 | 728 | 14,954 |
| 958 | 1,131 | 1,018 | 1,093 | 1,079 | 950 | 1,090 | 1,133 | 1,123 | 1,120 | 398 | 14,669 | |
| 0 | 0 | 0 | 0 | 0 | 346 | 0 | 0 | 1,123 | 1,120 | 0 | 0 | |
| Selling & marketing | 0 | 0 | 0 | 0 | 0 | 346 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other expenses | 958 | 1,131 | 1,018 | 1,093 | 1,079 | 604 | 1,090 | 1,133 | 0 | 0 | 398 | 14,669 |
| Operating income | 117 | −404 | −393 | 398 | 38 | 278 | −223 | 225 | 35 | 391 | 330 | 285 |
| 120 | 118 | 95 | 80 | 51 | 51 | 31 | 55 | 33 | 16 | −45 | 22 | |
| Interest income | 156 | 158 | 141 | 130 | 121 | 105 | 84 | 54 | 34 | 33 | 23 | −80 |
| Interest expense | 59 | 58 | 58 | 55 | 54 | 47 | 35 | 26 | 22 | 31 | 42 | 76 |
| Other non-operating income | −179 | −176 | −153 | −135 | −105 | −98 | −66 | −81 | −55 | −47 | 3 | −3 |
| Income before tax | 237 | −286 | −298 | 478 | 89 | 329 | −192 | 280 | 68 | 407 | 285 | 307 |
| Income tax expense | 44 | −34 | −67 | 111 | 22 | 68 | −43 | 67 | 14 | 84 | 58 | 74 |
| Net income from continuing operations | 193 | −252 | −231 | 367 | 67 | 261 | −149 | 213 | 54 | 323 | 227 | 233 |
| Net income | 193 | −252 | −231 | 367 | 67 | 261 | −149 | 213 | 54 | 323 | 227 | 233 |
| EPS, basic | $0.32 | −$0.37 | −$0.39 | $0.62 | $0.11 | $0.45 | −$0.26 | $0.40 | $0.10 | $0.63 | $0.45 | $0.48 |
| EPS, diluted | $0.30 | −$0.37 | −$0.39 | $0.58 | $0.11 | $0.42 | −$0.26 | $0.39 | $0.10 | $0.61 | $0.45 | $0.47 |
| Weighted average shares, basic | 596 | 596 | 597 | 599 | 599 | 595 | 584 | 538 | 523 | 516 | 498 | 494 |
| Weighted average shares, diluted | 640 | 596 | 597 | 643 | 601 | 641 | 584 | 541 | 526 | 521 | 503 | 498 |
| EBITDA | 671 | 187 | 168 | 937 | 581 | 783 | 239 | 706 | 484 | 809 | 725 | 690 |
| Depreciation & amortization | 375 | 415 | 408 | 404 | 438 | 407 | 396 | 400 | 394 | 371 | 398 | 402 |
| EBIT | 296 | −228 | −240 | 533 | 143 | 376 | −157 | 306 | 90 | 438 | 327 | 288 |