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EBITDA for Southwest Airlines (LUV)

Latest filings through · Reported

Metric

TTM

$2.72B

YoY change

-9.4%

5Y CAGR

—

Peak year (2016)

$4.75B

EBITDA history chart for Southwest Airlines (LUV) from 1985 to 2025

Latest: $2.24B

EBITDA growth chart for Southwest Airlines (LUV) from 1985 to 2025

Latest: -9.4%

EBITDA history table for Southwest Airlines (LUV) from 1985 to 2025

  • 2025$2.24B-9.4%
  • 2024$2.47B+3.3%
  • 2023$2.39B+0.5%
  • 2022$2.38B-21.4%
  • 2021$3.03B-212.7%
  • 2020−$2.69B-163.1%
  • 2019$4.26B-4.5%
  • 2018$4.46B-2.0%
  • 2017$4.55B-4.2%
  • 2016$4.75B+3.5%
  • 2015$4.58B+60.2%
  • 2014$2.86B+31.1%
  • 2013$2.18B+31.9%
  • 2012$1.66B+35.7%
  • 2011$1.22B-19.8%
  • 2010$1.52B+61.1%
  • 2009$945.00M-3.8%
  • 2008$982.00M-43.3%
  • 2007$1.73B+19.5%
  • 2006$1.45B+21.4%
  • 2005$1.19B-136.3%
  • 2004−$3.29B-531.1%
  • 2003$763.00M-124.9%
  • 2002−$3.07B-423.3%
  • 2001$948.95M-27.2%
  • 2000$1.30B-167.9%
  • 1999−$1.92B+11.0%
  • 1998−$1.73B-8.5%
  • 1997−$1.89B-3.1%
  • 1996−$1.95B+178.0%
  • 1995−$701.80M+21.7%
  • 1994−$576.70M-240.2%
  • 1993$411.30M+44.9%
  • 1992$283.90M+90.4%
  • 1991$149.10M-7.6%
  • 1990$161.40M-5.1%
  • 1989$170.00M+11.8%
  • 1988$152.10M+83.9%
  • 1987$82.70M-42.4%
  • 1986$143.60M+8.6%
  • 1985$132.20M—

EBITDA values are taken from Southwest Airlines's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA at Southwest Airlines (LUV)

According to Southwest Airlines's latest reported financial statements, the company's current EBITDA (TTM) is $2.72B. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.

Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

In 2025, Southwest Airlines (LUV) EBITDA totalled $2.24B – declined 9.4% year-over-year.

Over 2015–2025 (10 years), Southwest Airlines EBITDA expanded at a -6.9% compound annual rate, with a net decline across the window.

Southwest Airlines EBITDA plunged from $4.75B in 2016 to $2.24B in 2025, a 52.9% drawdown.

The record annual EBITDA stands at $4.75B, reached in 2016; the historical low of −$3.29B was recorded in 2004.

Southwest Airlines EBITDA by Year

Southwest Airlines EBITDA 2025: $2.24B

2025's EBITDA for Southwest Airlines came in at $2.24B, declined 9.4% below 2024.

Southwest Airlines EBITDA 2024: $2.47B

Southwest Airlines posted EBITDA of $2.47B in 2024, edged up 3.3% from 2023.

Southwest Airlines EBITDA 2023: $2.39B

In 2023, Southwest Airlines reported EBITDA of $2.39B, edged up 0.5% from 2022.

Southwest Airlines EBITDA 2022: $2.38B

Southwest Airlines EBITDA in 2022 was $2.38B, declined 21.4% below 2021.

Southwest Airlines EBITDA 2021: $3.03B

Southwest Airlines EBITDA in 2021 was $3.03B.

See more financial history for Southwest Airlines (LUV).

Sector peers by EBITDA

Industrials peers of Southwest Airlines (LUV), ranked by their latest EBITDA

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