Southwest Airlines Co
NYSE:LUV

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Southwest Airlines Co Logo
Southwest Airlines Co
NYSE:LUV
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Price: 34.35 USD 1.45%
Market Cap: 20.6B USD
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Income Statement

Earnings Waterfall
Southwest Airlines Co

Revenue
27.4B USD
Cost of Revenue
-8.2B USD
Gross Profit
19.2B USD
Operating Expenses
-19.6B USD
Operating Income
-361m USD
Other Expenses
312m USD
Net Income
-49m USD

Income Statement
Southwest Airlines Co

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Income Statement
Currency: USD
Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
18 406
N/A
18 605
+1%
18 853
+1%
18 953
+1%
19 471
+3%
19 820
+2%
20 232
+2%
20 505
+1%
20 326
-1%
20 289
0%
20 452
+1%
20 799
+2%
20 963
+1%
21 146
+1%
21 236
+0%
21 247
+0%
21 519
+1%
21 965
+2%
22 170
+1%
22 337
+1%
22 401
+0%
22 428
+0%
21 512
-4%
16 611
-23%
12 765
-23%
9 048
-29%
6 866
-24%
9 866
+44%
12 752
+29%
15 790
+24%
18 432
+17%
21 152
+15%
22 693
+7%
23 814
+5%
24 826
+4%
25 135
+1%
25 440
+1%
26 091
+3%
26 714
+2%
27 031
+1%
27 376
+1%
Gross Profit
Cost of Revenue
(6 907)
(6 699)
(6 261)
(5 829)
(5 382)
(5 020)
(5 011)
(4 919)
(4 924)
(5 012)
(5 197)
(5 335)
(5 443)
(5 368)
(5 592)
(5 769)
(5 940)
(6 111)
(6 071)
(5 978)
(5 830)
(5 710)
(5 569)
(4 608)
(3 860)
(3 089)
(2 661)
(3 335)
(4 014)
(4 766)
(5 335)
(6 153)
(6 932)
(7 483)
(8 089)
(7 927)
(7 803)
(8 006)
(8 046)
(8 294)
(8 183)
Gross Profit
11 499
N/A
11 906
+4%
12 592
+6%
13 124
+4%
14 089
+7%
14 800
+5%
15 221
+3%
15 586
+2%
15 402
-1%
15 277
-1%
15 255
0%
15 464
+1%
15 520
+0%
15 778
+2%
15 644
-1%
15 478
-1%
15 579
+1%
15 854
+2%
16 099
+2%
16 359
+2%
16 571
+1%
16 718
+1%
15 943
-5%
12 003
-25%
8 905
-26%
5 959
-33%
4 205
-29%
6 531
+55%
8 738
+34%
11 024
+26%
13 097
+19%
14 999
+15%
15 761
+5%
16 331
+4%
16 737
+2%
17 208
+3%
17 637
+2%
18 085
+3%
18 668
+3%
18 737
+0%
19 193
+2%
Operating Income
Operating Expenses
(9 410)
(9 555)
(9 671)
(9 928)
(10 299)
(10 645)
(10 925)
(11 102)
(11 454)
(11 755)
(11 833)
(12 103)
(12 009)
(12 371)
(12 253)
(12 330)
(12 478)
(12 673)
(13 004)
(13 268)
(13 459)
(13 761)
(13 601)
(12 762)
(12 043)
(10 964)
(10 349)
(10 688)
(11 378)
(12 251)
(13 211)
(13 794)
(14 114)
(15 286)
(15 841)
(16 690)
(17 401)
(17 754)
(18 553)
(19 019)
(19 554)
Selling, General & Administrative
(6 299)
(6 412)
(6 535)
(6 740)
(7 087)
(7 388)
(7 540)
(7 612)
(7 821)
(7 831)
(8 012)
(8 207)
(8 094)
(8 306)
(8 409)
(8 496)
(8 637)
(8 756)
(8 949)
(9 171)
(9 336)
(9 914)
(9 514)
(8 945)
(8 448)
(7 856)
(7 180)
(7 373)
(7 882)
(8 986)
(9 292)
(9 675)
(9 829)
(10 640)
(10 507)
(11 134)
(11 662)
(12 792)
(12 925)
(13 217)
(13 568)
Depreciation & Amortization
(911)
(938)
(961)
(983)
(1 003)
(1 015)
(1 062)
(1 111)
(1 168)
(1 221)
(1 250)
(1 270)
(1 257)
(1 218)
(1 177)
(1 150)
(1 149)
(1 201)
(1 221)
(1 231)
(1 238)
(1 219)
(1 234)
(1 245)
(1 252)
(1 255)
(1 255)
(1 257)
(1 264)
(1 272)
(1 284)
(1 294)
(1 307)
(1 351)
(1 392)
(1 434)
(1 474)
(1 522)
(1 565)
(1 602)
(1 665)
Other Operating Expenses
(2 200)
(2 205)
(2 175)
(2 205)
(2 209)
(2 242)
(2 323)
(2 379)
(2 465)
(2 703)
(2 571)
(2 626)
(2 658)
(2 847)
(2 667)
(2 684)
(2 692)
(2 716)
(2 834)
(2 866)
(2 885)
(2 628)
(2 853)
(2 572)
(2 343)
(1 853)
(1 914)
(2 058)
(2 232)
(1 993)
(2 635)
(2 825)
(2 978)
(3 295)
(3 942)
(4 122)
(4 265)
(3 440)
(4 063)
(4 200)
(4 321)
Operating Income
2 089
N/A
2 351
+13%
2 921
+24%
3 196
+9%
3 790
+19%
4 155
+10%
4 296
+3%
4 484
+4%
3 948
-12%
3 522
-11%
3 422
-3%
3 361
-2%
3 511
+4%
3 407
-3%
3 391
0%
3 148
-7%
3 101
-1%
3 181
+3%
3 095
-3%
3 091
0%
3 112
+1%
2 957
-5%
2 342
-21%
(759)
N/A
(3 138)
-313%
(5 005)
-59%
(6 144)
-23%
(4 157)
+32%
(2 640)
+36%
(1 227)
+54%
(114)
+91%
1 205
N/A
1 647
+37%
1 045
-37%
896
-14%
518
-42%
236
-54%
331
+40%
115
-65%
(282)
N/A
(361)
-28%
Pre-Tax Income
Interest Income Expense
(171)
(409)
8
(71)
(274)
(637)
(707)
(571)
(356)
(72)
(161)
(236)
(167)
(142)
(70)
(31)
(27)
(24)
(12)
(2)
5
8
0
(82)
(181)
(282)
(377)
(403)
(411)
(418)
(404)
(356)
(257)
(88)
65
207
309
351
364
355
325
Non-Reccuring Items
(99)
(126)
(132)
(97)
(80)
(39)
(16)
(13)
(7)
0
0
0
0
0
25
25
25
25
0
0
0
0
0
1 006
1 155
1 189
2 637
2 371
2 986
2 920
1 385
587
(257)
(221)
(132)
(74)
6
(107)
0
0
0
Total Other Income
29
0
(502)
(502)
(502)
0
0
0
0
0
2
(1)
(6)
0
(12)
(13)
(16)
(18)
(16)
(14)
(9)
(8)
(33)
(63)
(95)
(158)
(82)
(36)
(18)
50
(64)
(99)
(43)
(8)
70
98
82
58
60
58
19
Pre-Tax Income
1 848
N/A
1 816
-2%
2 295
+26%
2 526
+10%
2 934
+16%
3 479
+19%
3 573
+3%
3 900
+9%
3 585
-8%
3 450
-4%
3 263
-5%
3 124
-4%
3 338
+7%
3 265
-2%
3 334
+2%
3 129
-6%
3 083
-1%
3 164
+3%
3 067
-3%
3 075
+0%
3 108
+1%
2 957
-5%
2 309
-22%
102
-96%
(2 259)
N/A
(4 256)
-88%
(3 966)
+7%
(2 225)
+44%
(83)
+96%
1 325
N/A
803
-39%
1 337
+67%
1 090
-18%
728
-33%
899
+23%
749
-17%
633
-15%
633
N/A
539
-15%
131
-76%
(17)
N/A
Net Income
Tax Provision
(690)
(680)
(858)
(946)
(1 099)
(1 298)
(1 334)
(1 449)
(1 330)
(1 267)
(1 194)
(1 132)
(1 206)
(1 178)
(1 123)
(928)
(795)
(699)
(678)
(678)
(667)
(688)
(521)
30
575
1 182
1 102
624
85
(348)
(219)
(341)
(263)
(189)
(241)
(168)
(136)
(168)
(146)
(54)
(32)
Income from Continuing Operations
1 158
1 136
1 437
1 580
1 835
2 181
2 239
2 451
2 255
2 183
2 069
1 992
2 132
2 087
2 211
2 201
2 288
2 465
2 389
2 397
2 441
2 269
1 788
132
(1 684)
(3 074)
(2 864)
(1 601)
2
977
584
996
827
539
658
581
497
465
393
77
(49)
Net Income (Common)
1 160
N/A
1 140
-2%
1 439
+26%
1 582
+10%
1 836
+16%
2 185
+19%
2 243
+3%
2 455
+9%
2 259
-8%
2 183
-3%
2 071
-5%
1 994
-4%
2 134
+7%
3 357
+57%
3 481
+4%
3 471
0%
3 558
+3%
2 465
-31%
2 389
-3%
2 397
+0%
2 441
+2%
2 300
-6%
1 819
-21%
163
-91%
(1 653)
N/A
(3 074)
-86%
(2 864)
+7%
(1 601)
+44%
2
N/A
977
+48 750%
584
-40%
996
+71%
827
-17%
539
-35%
658
+22%
581
-12%
497
-14%
465
-6%
393
-15%
77
-80%
(49)
N/A
EPS (Diluted)
1.66
N/A
1.64
-1%
2.1
+28%
2.35
+12%
2.76
+17%
3.27
+18%
3.46
+6%
3.84
+11%
3.61
-6%
3.45
-4%
3.37
-2%
3.29
-2%
3.56
+8%
5.56
+56%
5.92
+6%
5.99
+1%
6.25
+4%
4.29
-31%
4.32
+1%
4.42
+2%
4.57
+3%
4.26
-7%
3.53
-17%
0.28
-92%
-2.8
N/A
-5.44
-94%
-4.7
+14%
-2.6
+45%
0
N/A
1.6
N/A
0.98
-39%
1.57
+60%
1.29
-18%
0.84
-35%
1.1
+31%
0.9
-18%
0.77
-14%
0.73
-5%
0.65
-11%
0.11
-83%
-0.08
N/A

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