TTM
$981.00M
YoY change
+33.3%
5Y CAGR
—
Peak year (2015)
$4.12B
Cumulative operating income
$33.27B
Operating Income history chart for Southwest Airlines (LUV) from 1985 to 2025
Latest: $428.00M
Operating Income growth chart for Southwest Airlines (LUV) from 1985 to 2025
Latest: +33.3%
Operating Income history table for Southwest Airlines (LUV) from 1985 to 2025
| 2025 | $428.00M | +33.3% | +$107.00M | ||
| 2024 | $321.00M | +43.3% | +$97.00M | ||
| 2023 | $224.00M | -78.0% | −$793.00M | ||
| 2022 | $1.02B | -40.9% | −$704.00M | ||
| 2021 | $1.72B | -145.1% | +$5.54B | ||
| 2020 | −$3.82B | -229.0% | −$6.77B | ||
| 2019 | $2.96B | -7.8% | −$249.00M | ||
| 2018 | $3.21B | -5.9% | −$201.00M | ||
| 2017 | $3.41B | -3.3% | −$115.00M | ||
| 2016 | $3.52B | -14.4% | −$594.00M | ||
| 2015 | $4.12B | +85.0% | +$1.89B | ||
| 2014 | $2.23B | +74.1% | +$947.00M | ||
| 2013 | $1.28B | +105.1% | +$655.00M | ||
| 2012 | $623.00M | -10.1% | −$70.00M | ||
| 2011 | $693.00M | -29.9% | −$295.00M | ||
| 2010 | $988.00M | +277.1% | +$726.00M | ||
| 2009 | $262.00M | -41.6% | −$187.00M | ||
| 2008 | $449.00M | -43.2% | −$342.00M | ||
| 2007 | $791.00M | -15.3% | −$143.00M | ||
| 2006 | $934.00M | +28.8% | +$209.00M | ||
| 2005 | $725.00M | +30.9% | +$171.00M | ||
| 2004 | $554.00M | +46.2% | +$175.00M | ||
| 2003 | $379.00M | +11.1% | +$38.00M | ||
| 2002 | $341.00M | -46.0% | −$290.12M | ||
| 2001 | $631.12M | -38.2% | −$390.88M | ||
| 2000 | $1.02B | +30.7% | +$240.00M | ||
| 1999 | $782.00M | +14.4% | +$98.39M | ||
| 1998 | $683.61M | +30.4% | +$159.38M | ||
| 1997 | $524.24M | +49.4% | +$173.40M | ||
| 1996 | $350.83M | +11.9% | +$37.30M | ||
| 1995 | $313.53M | -1.0% | −$3.18M | ||
| 1994 | $316.71M | +8.5% | +$24.71M | ||
| 1993 | $292.00M | +59.8% | +$109.30M | ||
| 1992 | $182.70M | +190.5% | +$119.80M | ||
| 1991 | $62.90M | -23.3% | −$19.10M | ||
| 1990 | $82.00M | -16.1% | −$15.70M | ||
| 1989 | $97.70M | +13.7% | +$11.80M | ||
| 1988 | $85.90M | +399.4% | +$68.70M | ||
| 1987 | $17.20M | -77.4% | −$58.90M | ||
| 1986 | $76.10M | -3.2% | −$2.50M | ||
| 1985 | $78.60M | — | — |
- 2025$428.00M+33.3%
- 2024$321.00M+43.3%
- 2023$224.00M-78.0%
- 2022$1.02B-40.9%
- 2021$1.72B-145.1%
- 2020−$3.82B-229.0%
- 2019$2.96B-7.8%
- 2018$3.21B-5.9%
- 2017$3.41B-3.3%
- 2016$3.52B-14.4%
- 2015$4.12B+85.0%
- 2014$2.23B+74.1%
- 2013$1.28B+105.1%
- 2012$623.00M-10.1%
- 2011$693.00M-29.9%
- 2010$988.00M+277.1%
- 2009$262.00M-41.6%
- 2008$449.00M-43.2%
- 2007$791.00M-15.3%
- 2006$934.00M+28.8%
- 2005$725.00M+30.9%
- 2004$554.00M+46.2%
- 2003$379.00M+11.1%
- 2002$341.00M-46.0%
- 2001$631.12M-38.2%
- 2000$1.02B+30.7%
- 1999$782.00M+14.4%
- 1998$683.61M+30.4%
- 1997$524.24M+49.4%
- 1996$350.83M+11.9%
- 1995$313.53M-1.0%
- 1994$316.71M+8.5%
- 1993$292.00M+59.8%
- 1992$182.70M+190.5%
- 1991$62.90M-23.3%
- 1990$82.00M-16.1%
- 1989$97.70M+13.7%
- 1988$85.90M+399.4%
- 1987$17.20M-77.4%
- 1986$76.10M-3.2%
- 1985$78.60M—
Operating Income 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 Operating Income at Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's current operating income (TTM) is $981.00M. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual operating income for Southwest Airlines (LUV) came in at $428.00M – surged 33.3% year-over-year.
Over 2015–2025 (10 years), Southwest Airlines operating income expanded at a -20.3% compound annual rate, sustaining 2 straight years of year-over-year growth.
Southwest Airlines operating income peaked at $4.12B in 2015; the latest annual figure is $428.00M in 2025 (89.6% below peak).
The highest annual operating income of $4.12B was reported in 2015. The lowest in the available history was −$3.82B in 2020.
Southwest Airlines Operating Income by Year
Southwest Airlines Operating Income 2025: $428.00M
2025's operating income for Southwest Airlines came in at $428.00M, surged 33.3% from 2024.
Southwest Airlines Operating Income 2024: $321.00M
Southwest Airlines posted operating income of $321.00M in 2024, surged 43.3% from 2023.
Southwest Airlines Operating Income 2023: $224.00M
In 2023, Southwest Airlines reported operating income of $224.00M, plunged 78.0% below 2022.
Southwest Airlines Operating Income 2022: $1.02B
Southwest Airlines operating income in 2022 was $1.02B, plunged 40.9% below 2021.
Southwest Airlines Operating Income 2021: $1.72B
Southwest Airlines operating income in 2021 was $1.72B.
See more financial history for Southwest Airlines (LUV).
Sector peers by Operating Income
Industrials peers of Southwest Airlines (LUV), ranked by their latest operating income
| $11.21B | |
| $9.84B | |
| $9.30B | |
| $8.77B | |
| $8.42B | |
| $5.23B | |
| −$2.59B | |
| −$5.42B |
- $11.21B
- $9.84B
- $9.30B
- $8.77B
- $8.42B
- $5.23B
- −$2.59B
- −$5.42B
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