Southwest Airlines Co
NYSE : LUVFinancials
Income statement · full history
USD in millions · per-share amounts unscaled. Each period shows the value from the latest filing that prints it.
| Reported line item | Jan 1, 2017 to Dec 31, 2017 | Jan 1, 2018 to Dec 31, 2018 | Jan 1, 2019 to Dec 31, 2019 | Jan 1, 2020 to Dec 31, 2020 | Jan 1, 2021 to Dec 31, 2021 | Jan 1, 2022 to Dec 31, 2022 | Jan 1, 2023 to Dec 31, 2023 | Jan 1, 2024 to Dec 31, 2024 | Jan 1, 2025 to Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Total operating revenues | 21,146 | 21,965 | 22,428 | 9,048 | 15,790 | 23,814 | 26,091 | 27,483 | 28,063 |
| Salaries, wages, and benefits | 7,305R | 7,649 | 8,293 | 6,811 | 7,743 | 9,376 | 11,152 | 12,240 | 12,963 |
| Fuel and oil | 4,076R | 4,616 | 4,347 | 1,849 | 3,310 | 5,975 | 6,217 | 5,812 | 5,240 |
| Payroll support and voluntary Employee programs, netno longer reported | 0 | (967) | (2,960) | 0 | 0 | ||||
| Maintenance materials and repairs | 1,001 | 1,107 | 1,223 | 750 | 854 | 852 | 1,188 | 1,353 | 1,227 |
| Landing fees and airport rentals | 1,292 | 1,334 | 1,363 | 1,240 | 1,456 | 1,508 | 1,789 | 1,962 | 2,178 |
| Depreciation and amortization | 1,218 | 1,201 | 1,219 | 1,255 | 1,272 | 1,351 | 1,522 | 1,657 | 1,560 |
| Other operating expenses | 2,847R | 2,852 | 3,026 | 1,926 | 2,394 | 3,735 | 3,999 | 4,138 | 4,467 |
| Total operating expenses | 19,471 | 12,864 | 14,069 | 22,797 | 25,867 | 27,162 | 27,635 | ||
| Total operating expensesno longer reported | 17,739R | 18,759 | 19,471 | ||||||
| OPERATING INCOME | 3,407R | 3,206 | 2,957 | (3,816) | 1,721 | 1,017 | 224 | 321 | 428 |
| Interest expense | 114 | 131 | 118 | 349 | 467 | 340 | 259 | 249 | 167 |
| Capitalized interest | (49) | (38) | (36) | (35) | (36) | (39) | (23) | (35) | (54) |
| Interest income | (35) | (69) | (90) | (32) | (13) | (217) | (583) | (497) | (205) |
| Other (gains) losses, net | 112R | 18 | (8) | (158) | 50R | 12 | (62) | 6R | (43) |
| Loss on extinguishment of debtno longer reported | 0 | 28 | 193 | 0 | 2 | ||||
| Total non-operating expenses (income) | 142R | 42 | 0 | 440 | 396 | 289 | (409) | (277) | (135) |
| INCOME BEFORE INCOME TAXES | 2,957 | (4,256) | 1,325 | 728 | 633 | 598 | 563 | ||
| INCOME BEFORE INCOME TAXESno longer reported | 3,265R | 3,164 | 2,957 | ||||||
| PROVISION FOR INCOME TAXES | (92)R | 699 | 657 | (1,182) | 348 | 189 | 168 | 133 | 122 |
| NET INCOME | 3,357R | 2,465 | 2,300 | (3,074) | 977 | 539 | 465 | 465 | 441 |
| NET INCOME PER SHARE, BASIC (in USD per share) | 5.58 | 4.30 | 4.28 | (5.44) | 1.65 | 0.91 | 0.78 | 0.78 | 0.82 |
| NET INCOME PER SHARE, DILUTED (in USD per share) | 5.57 | 4.29 | 4.27 | (5.44) | 1.61 | 0.87 | 0.76 | 0.76 | 0.79 |
History starts FY2017, the period ended Dec 31, 2017 — the earliest period our structured-data source covers, not the company’s first year.
23 reported lines · 9 periods · values taken from the latest filing that prints each period.
- R12 restated by the filer — hover for the figure as first reported.
- italic6 from an earlier filing than the rest of the column.
- no longer reported4 lines the filer stopped printing.
- — the filer printed the line and left the period empty. An empty cell means the line was not printed at all; it is never a zero.
183 of 183 values link to the exact element in the filer’s own document.
Every line and every caption is the company’s own. Each period carries the value from the latest filing that prints it, which is why a restated period shows the restated number with the figure as first reported kept underneath.
Nothing on this table is computed by us: no fourth quarter, no growth rate, no margin. Marks describe the filer’s own restatements.