See more : SPENN Technology A/S (SPENN.CO) Income Statement Analysis – Financial Results
Complete financial analysis of Southwest Airlines Co. (LUV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Southwest Airlines Co., a leading company in the Airlines, Airports & Air Services industry within the Industrials sector.
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Southwest Airlines Co. (LUV)
About Southwest Airlines Co.
Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. It also provides inflight entertainment and connectivity services on Wi-Fi enabled aircrafts; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. In addition, the company offers a suite of digital platforms to support customers' travel needs, including websites and apps; and SWABIZ, an online booking tool. Further, it provides ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was incorporated in 1967 and is headquartered in Dallas, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26.09B | 23.81B | 15.79B | 9.05B | 22.43B | 21.97B | 21.17B | 20.43B | 19.82B | 18.61B | 17.70B | 17.09B | 15.66B | 12.10B | 10.35B | 11.02B | 9.86B | 9.09B | 7.58B | 6.53B | 5.94B | 5.52B | 5.56B | 5.65B | 4.74B | 4.16B | 3.82B | 3.41B | 2.87B | 2.59B | 2.30B | 1.69B | 1.31B | 1.19B | 1.02B | 860.40M | 765.10M | 755.90M | 679.70M |
| Cost of Revenue | 21.87B | 19.06B | 11.68B | 10.94B | 16.45B | 15.91B | 14.97B | 14.15B | 13.42B | 14.05B | 14.21B | 14.24B | 7.87B | 3.38B | 2.86B | 3.62B | 6.02B | 5.24B | 4.21B | 3.69B | 3.35B | 3.23B | 3.15B | 2.97B | 2.54B | 2.23B | 2.20B | 2.11B | 1.75B | 1.53B | 1.10B | 793.10M | 675.30M | 596.00M | 482.70M | 400.20M | 351.60M | 267.20M | 311.20M |
| Gross Profit | 4.22B | 4.75B | 4.12B | -1.89B | 5.98B | 6.06B | 6.20B | 6.27B | 6.40B | 4.56B | 3.49B | 2.85B | 7.79B | 8.72B | 7.49B | 7.41B | 3.84B | 3.85B | 3.37B | 2.84B | 2.58B | 2.29B | 2.41B | 2.68B | 2.20B | 1.94B | 1.61B | 1.30B | 1.12B | 1.07B | 1.20B | 892.10M | 638.30M | 590.80M | 532.40M | 460.20M | 413.50M | 488.70M | 368.50M |
| Gross Profit Ratio | 16.19% | 19.95% | 26.06% | -20.89% | 26.68% | 27.58% | 29.30% | 30.72% | 32.28% | 24.49% | 19.72% | 16.65% | 49.76% | 72.04% | 72.38% | 67.18% | 38.97% | 42.35% | 44.49% | 43.54% | 43.52% | 41.46% | 43.30% | 47.51% | 46.46% | 46.48% | 42.26% | 38.13% | 39.15% | 41.12% | 52.16% | 52.94% | 48.59% | 49.78% | 52.45% | 53.49% | 54.05% | 64.65% | 54.22% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 3.73B | 3.51B | 2.20B | 1.77B | 2.81B | 2.64B | 2.62B | 2.47B | 0.00 | 0.00 | 0.00 | 0.00 | 4.37B | 3.70B | 3.47B | 4.16B | 3.93B | 3.71B | 3.32B | 3.03B | 2.88B | 2.58B | 2.46B | 2.30B | 2.05B | 2.02B | 1.70B | 1.66B | 1.44B | 1.34B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 266.00M | 224.00M | 185.00M | 156.00M | 212.00M | 215.00M | 224.00M | 232.00M | 218.00M | 207.00M | 208.00M | 223.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.00M | -48.00M | -54.67M | -103.01M | -159.31M | -156.40M | -157.80M | -157.20M | -140.90M | -123.40M | -151.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 3.99B | 3.74B | 2.39B | 1.93B | 3.03B | 2.85B | 2.85B | 2.70B | 218.00M | 207.00M | 208.00M | 223.00M | 4.37B | 3.70B | 3.47B | 4.16B | 3.93B | 3.71B | 3.32B | 3.03B | 2.83B | 2.52B | 2.36B | 2.15B | 1.90B | 1.86B | 1.54B | 1.52B | 1.32B | 1.19B | 786.70M | 608.20M | 489.20M | 429.40M | 362.40M | 308.10M | 330.80M | 345.10M | 236.30M |
| Other Expenses | 0.00 | 3.74B | 2.39B | 1.93B | 3.03B | 2.85B | -234.00M | -162.00M | -556.00M | -309.00M | 32.00M | 181.00M | 2.59B | 2.05B | 1.95B | 1.98B | 5.86B | 5.10B | 4.06B | 3.53B | 3.57B | 3.11B | 3.07B | 2.94B | 2.50B | 2.04B | 2.16B | 1.91B | 1.57B | 1.37B | 119.30M | 101.20M | 86.20M | 79.40M | 72.30M | 66.20M | 65.50M | 67.50M | 53.60M |
| Operating Expenses | 3.99B | 3.74B | 2.39B | 1.93B | 3.03B | 2.85B | 2.69B | 2.51B | 2.24B | 2.21B | 2.13B | 2.04B | 6.97B | 5.76B | 5.42B | 9.76B | 9.79B | 8.81B | 7.38B | 6.56B | 6.39B | 5.64B | 5.43B | 5.09B | 4.40B | 3.90B | 3.70B | 3.43B | 2.89B | 2.56B | 906.00M | 709.40M | 575.40M | 508.80M | 434.70M | 374.30M | 396.30M | 412.60M | 289.90M |
| Cost & Expenses | 25.87B | 22.80B | 14.07B | 12.86B | 19.47B | 18.76B | 17.66B | 16.67B | 15.67B | 16.25B | 16.34B | 16.28B | 14.83B | 9.14B | 8.28B | 9.76B | 15.80B | 14.04B | 11.59B | 10.25B | 9.75B | 8.87B | 8.58B | 8.06B | 6.93B | 6.13B | 5.90B | 5.54B | 4.64B | 4.08B | 2.00B | 1.50B | 1.25B | 1.10B | 917.40M | 774.50M | 747.90M | 679.80M | 601.10M |
| Interest Income | 583.00M | 217.00M | 13.00M | 32.00M | 90.00M | 69.00M | 35.00M | 24.00M | 9.00M | 7.00M | 6.00M | 7.00M | 10.00M | 30.00M | 13.00M | 51.00M | 94.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 236.00M | 301.00M | 431.00M | 314.00M | 82.00M | 93.00M | 65.00M | 75.00M | 90.00M | 107.00M | 107.00M | 126.00M | 182.00M | 167.00M | 165.00M | 130.00M | 119.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.52B | 1.35B | 1.27B | 1.26B | 1.22B | 1.20B | 1.22B | 1.22B | 1.02B | 938.00M | 867.00M | 844.00M | 715.00M | 628.00M | 616.00M | 587.00M | 555.00M | 515.00M | 469.00M | 431.00M | 384.00M | 356.30M | 317.83M | 281.28M | 248.66M | 225.21M | 195.57M | 183.47M | 156.77M | 139.05M | -119.30M | -101.20M | -86.20M | -79.40M | -72.30M | 66.20M | 65.50M | 67.50M | 53.60M |
| EBITDA | 2.39B | 2.38B | 3.03B | -2.70B | 4.23B | 4.42B | 4.52B | 4.67B | 4.56B | 2.88B | 2.21B | 1.66B | 1.22B | 1.52B | 945.00M | 982.00M | 1.73B | 1.45B | 1.19B | -3.29B | 763.00M | -3.04B | 948.95M | 1.30B | -1.92B | -1.73B | -1.89B | -1.95B | -701.80M | -576.70M | 402.90M | 276.10M | 139.60M | 150.30M | 133.40M | 152.10M | 82.70M | 143.60M | 132.20M |
| EBITDA Ratio | 9.16% | 10.80% | 19.18% | -29.70% | 18.99% | 20.30% | 21.42% | 23.71% | 23.32% | 16.05% | 12.82% | 10.76% | 9.91% | 13.60% | 8.61% | 16.08% | -52.69% | -50.96% | -46.93% | -52.39% | -55.03% | -54.96% | -52.71% | -38.07% | -41.55% | -41.80% | -50.03% | -58.55% | -57.60% | -54.51% | 17.54% | 16.38% | 10.63% | 12.66% | 13.14% | 15.43% | 6.30% | 15.47% | 19.14% |
| Operating Income | 224.00M | 1.02B | 1.72B | -3.82B | 2.96B | 3.21B | 3.52B | 3.76B | 4.12B | 2.23B | 1.28B | 623.00M | 693.00M | 988.00M | 262.00M | 449.00M | 791.00M | 934.00M | 820.00M | 554.00M | 483.00M | 417.34M | 631.12M | 1.02B | 781.58M | 683.61M | 524.24M | 350.84M | 313.53M | 316.71M | 292.00M | 182.70M | 62.90M | 82.00M | 97.70M | 85.90M | 17.20M | 76.10M | 78.60M |
| Operating Income Ratio | 0.86% | 4.27% | 10.90% | -42.18% | 13.18% | 14.60% | 16.60% | 18.41% | 20.77% | 11.96% | 7.22% | 3.65% | 4.43% | 8.16% | 2.53% | 4.07% | 8.02% | 10.28% | 10.81% | 8.48% | 8.14% | 7.56% | 11.36% | 18.07% | 16.50% | 16.42% | 13.73% | 10.30% | 10.91% | 12.22% | 12.71% | 10.84% | 4.79% | 6.91% | 9.62% | 9.98% | 2.25% | 10.07% | 11.56% |
| Total Other Income/Expenses | 409.00M | -289.00M | -396.00M | -440.00M | 0.00 | -42.00M | -142.00M | -72.00M | -637.00M | -409.00M | -69.00M | 62.00M | -370.00M | -243.00M | -98.00M | -171.00M | 267.00M | -144.00M | 54.00M | -65.00M | 225.00M | 51.68M | 196.54M | -4.00M | -8.39M | 21.50M | -7.28M | -9.47M | -8.43M | -17.21M | -32.30M | -35.90M | -19.10M | -7.20M | 13.30M | -500.00K | 11.90M | -10.70M | -17.80M |
| Income Before Tax | 633.00M | 728.00M | 1.33B | -4.26B | 2.96B | 3.16B | 3.25B | 3.55B | 3.48B | 1.82B | 1.21B | 685.00M | 323.00M | 745.00M | 164.00M | 278.00M | 1.06B | 790.00M | 874.00M | 489.00M | 708.00M | 392.68M | 827.66M | 1.02B | 773.61M | 705.11M | 516.96M | 341.36M | 305.14M | 299.52M | 259.70M | 146.80M | 43.80M | 74.80M | 111.00M | 85.40M | 29.10M | 65.40M | 60.80M |
| Income Before Tax Ratio | 2.43% | 3.06% | 8.39% | -47.04% | 13.18% | 14.40% | 15.36% | 17.37% | 17.55% | 9.76% | 6.83% | 4.01% | 2.06% | 6.15% | 1.58% | 2.52% | 10.73% | 8.69% | 11.52% | 7.49% | 11.93% | 7.11% | 14.90% | 18.01% | 16.34% | 16.93% | 13.54% | 10.02% | 10.62% | 11.56% | 11.31% | 8.71% | 3.33% | 6.30% | 10.93% | 9.93% | 3.80% | 8.65% | 8.95% |
| Income Tax Expense | 168.00M | 189.00M | 348.00M | -1.18B | 657.00M | 699.00M | -237.00M | 1.30B | 1.30B | 680.00M | 455.00M | 264.00M | 145.00M | 286.00M | 65.00M | 100.00M | 413.00M | 291.00M | 326.00M | 176.00M | 266.00M | 151.71M | 316.51M | 392.14M | 299.23M | 271.68M | 199.18M | 134.03M | 122.51M | 120.19M | 105.40M | 55.80M | 16.90M | 27.70M | 39.40M | 27.40M | 8.90M | 15.40M | 13.50M |
| Net Income | 465.00M | 539.00M | 977.00M | -3.07B | 2.30B | 2.47B | 3.49B | 2.24B | 2.18B | 1.14B | 754.00M | 421.00M | 178.00M | 459.00M | 99.00M | 178.00M | 645.00M | 499.00M | 548.00M | 313.00M | 442.00M | 240.97M | 511.15M | 603.09M | 474.38M | 433.43M | 317.77M | 207.34M | 182.63M | 179.33M | 169.60M | 103.50M | 26.90M | 47.10M | 71.60M | 58.00M | 20.20M | 50.00M | 47.30M |
| Net Income Ratio | 1.78% | 2.26% | 6.19% | -33.97% | 10.26% | 11.22% | 16.48% | 10.99% | 11.00% | 6.11% | 4.26% | 2.46% | 1.14% | 3.79% | 0.96% | 1.61% | 6.54% | 5.49% | 7.23% | 4.79% | 7.44% | 4.36% | 9.20% | 10.68% | 10.02% | 10.41% | 8.33% | 6.09% | 6.36% | 6.92% | 7.38% | 6.14% | 2.05% | 3.97% | 7.05% | 6.74% | 2.64% | 6.61% | 6.96% |
| EPS | 0.81 | 0.91 | 1.65 | -5.44 | 4.28 | 4.30 | 5.80 | 3.58 | 3.30 | 1.65 | 1.06 | 0.56 | 0.23 | 0.62 | 0.13 | 0.24 | 0.85 | 0.63 | 0.69 | 0.40 | 0.57 | 0.24 | 0.67 | 0.81 | 0.63 | 0.58 | 0.43 | 0.27 | 0.25 | 0.24 | 0.23 | 0.15 | 0.04 | 0.07 | 0.10 | 0.08 | 0.03 | 0.07 | 0.07 |
| EPS Diluted | 0.76 | 0.84 | 1.60 | -5.44 | 4.27 | 4.29 | 5.78 | 3.55 | 3.26 | 1.63 | 1.05 | 0.56 | 0.23 | 0.61 | 0.13 | 0.24 | 0.84 | 0.61 | 0.68 | 0.38 | 0.55 | 0.24 | 0.63 | 0.76 | 0.59 | 0.55 | 0.41 | 0.27 | 0.25 | 0.24 | 0.23 | 0.15 | 0.04 | 0.07 | 0.10 | 0.08 | 0.03 | 0.07 | 0.07 |
| Weighted Avg Shares Out | 595.00M | 593.00M | 592.00M | 565.00M | 538.00M | 573.00M | 601.00M | 627.00M | 661.00M | 687.00M | 710.00M | 750.00M | 774.00M | 746.00M | 741.00M | 735.00M | 758.82M | 792.06M | 793.44M | 782.50M | 775.00M | 1.00B | 762.91M | 745.24M | 753.97M | 747.29M | 739.64M | 766.16M | 730.40M | 747.08M | 737.39M | 690.00M | 672.50M | 672.86M | 716.00M | 725.00M | 673.33M | 714.29M | 675.71M |
| Weighted Avg Shares Out (Dil) | 640.00M | 642.00M | 609.00M | 565.00M | 539.00M | 574.00M | 603.00M | 633.00M | 669.00M | 696.00M | 718.00M | 757.00M | 775.00M | 747.00M | 741.00M | 739.00M | 767.86M | 818.03M | 806.67M | 823.68M | 808.70M | 1.00B | 811.34M | 792.41M | 805.08M | 792.86M | 766.06M | 779.13M | 730.40M | 747.08M | 737.39M | 690.00M | 672.50M | 672.86M | 716.00M | 725.00M | 673.33M | 714.29M | 675.71M |
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Source: https://incomestatements.info
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