Net Income for Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's current net income (TTM) is $817.00M USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$817.00M
YoY change
-5.2%
5Y CAGR
N/A
Peak year (2017)
$3.49B
Cumulative net income
$21.91B
Net Income history chart for Southwest Airlines (LUV) from 1985 to 2025
Net Income history table for Southwest Airlines (LUV) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $441.00M | -5.2% | ||
| 2024 | $465.00M | 0.0% | ||
| 2023 | $465.00M | -13.7% | ||
| 2022 | $539.00M | -44.8% | ||
| 2021 | $977.00M | -131.8% | ||
| 2020 | -$3.07B | -233.7% | ||
| 2019 | $2.30B | -6.7% | ||
| 2018 | $2.46B | -29.3% | ||
| 2017 | $3.49B | +55.4% | ||
| 2016 | $2.24B | +2.9% | ||
| 2015 | $2.18B | +92.0% | ||
| 2014 | $1.14B | +50.7% | ||
| 2013 | $754.00M | +79.1% | ||
| 2012 | $421.00M | +136.5% | ||
| 2011 | $178.00M | -61.2% | ||
| 2010 | $459.00M | +363.6% | ||
| 2009 | $99.00M | -44.4% | ||
| 2008 | $178.00M | -72.4% | ||
| 2007 | $645.00M | +29.3% | ||
| 2006 | $499.00M | -8.9% | ||
| 2005 | $548.00M | +75.1% | ||
| 2004 | $313.00M | -29.2% | ||
| 2003 | $442.00M | +83.4% | ||
| 2002 | $240.97M | -52.9% | ||
| 2001 | $511.15M | -15.2% | ||
| 2000 | $603.09M | +27.1% | ||
| 1999 | $474.38M | +9.4% | ||
| 1998 | $433.43M | +36.4% | ||
| 1997 | $317.77M | +53.3% | ||
| 1996 | $207.34M | +13.5% | ||
| 1995 | $182.63M | +1.8% | ||
| 1994 | $179.33M | +5.7% | ||
| 1993 | $169.60M | +63.9% | ||
| 1992 | $103.50M | +284.8% | ||
| 1991 | $26.90M | -42.9% | ||
| 1990 | $47.10M | -34.2% | ||
| 1989 | $71.60M | +23.4% | ||
| 1988 | $58.00M | +187.1% | ||
| 1987 | $20.20M | -59.6% | ||
| 1986 | $50.00M | +5.7% | ||
| 1985 | $47.30M | — |
Net Income values are taken from Southwest Airlines's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Southwest Airlines (LUV) most recent annual net income stands at $441.00M (2025) – declined 5.2% year-over-year.
Looking at the 2015–2025 (10 years) stretch, Southwest Airlines net income compounded at -14.8% per year, with a net decline across the window.
Between 2017 and 2025, Southwest Airlines net income plunged 87.4%, falling from $3.49B to $441.00M.
The highest annual net income of $3.49B was reported in 2017. The lowest in the available history was -$3.07B in 2020.
Southwest Airlines (LUV) sits 9th of 8 Industrials peers we track on this metric, against a peer median of $5.88B.
Southwest Airlines Net Income by Year
Southwest Airlines Net Income 2025: $441.00M
Southwest Airlines net income in 2025 was $441.00M, declined 5.2% below 2024.
Southwest Airlines Net Income 2024: $465.00M
Southwest Airlines net income in 2024 was $465.00M, edged up 0.0% from 2023.
Southwest Airlines Net Income 2023: $465.00M
Southwest Airlines net income in 2023 was $465.00M, declined 13.7% below 2022.
Southwest Airlines Net Income 2022: $539.00M
Southwest Airlines net income in 2022 was $539.00M, plunged 44.8% below 2021.
Southwest Airlines Net Income 2021: $977.00M
Southwest Airlines net income in 2021 was $977.00M.
See more financial history for Southwest Airlines (LUV).
Sector peers — Net Income
Companies in the same sector as Southwest Airlines, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $8.87B | Industrials |
| GE Aerospace (GE) | $8.70B | Industrials |
| Union Pacific Corporation (UNP) | $7.14B | Industrials |
| RTX Corporation (RTX) | $6.73B | Industrials |
| Deere & Company (DE) | $5.03B | Industrials |
| Honeywell International Inc. (HON) | $4.73B | Industrials |
| Eaton Corporation plc (ETN) | $4.09B | Industrials |
| The Boeing Company (BA) | $2.23B | Industrials |
Frequently asked questions
What is Southwest Airlines's net income?
- Latest reported net income for Southwest Airlines (LUV) is $817.00M (period ending March 31, 2026).
How has Southwest Airlines net income changed year-over-year?
- Southwest Airlines (LUV) net income changed -5.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Southwest Airlines net income?
- Southwest Airlines (LUV) net income compound annual growth rate is -14.8% over the most recent 10 years available.
When did Southwest Airlines net income hit its highest annual value?
- Southwest Airlines net income reached its highest annual value of $3.49B in 2017.
What was Southwest Airlines net income in 2024?
- Southwest Airlines (LUV) net income in 2024 was $465.00M.
What was Southwest Airlines net income in 2025?
- Southwest Airlines (LUV) net income in 2025 was $441.00M.
Metrics overview
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