Southwest Airlines (LUV) Revenue & Revenue Breakdown
Southwest Airlines Revenue Highlights
Latest Revenue (Y)
$26.09B
Latest Revenue (Q)
$6.33B
Main Segment (Y)
Passenger
Main Geography (Y)
North America
Southwest Airlines Revenue by Period
Southwest Airlines Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $26.09B | 9.56% |
| 2022-12-31 | $23.81B | 50.82% |
| 2021-12-31 | $15.79B | 74.51% |
| 2020-12-31 | $9.05B | -59.66% |
| 2019-12-31 | $22.43B | 2.11% |
| 2018-12-31 | $21.96B | 3.75% |
| 2017-12-31 | $21.17B | 3.65% |
| 2016-12-31 | $20.43B | 3.05% |
| 2015-12-31 | $19.82B | 6.53% |
| 2014-12-31 | $18.61B | 5.12% |
| 2013-12-31 | $17.70B | 3.58% |
| 2012-12-31 | $17.09B | 9.13% |
| 2011-12-31 | $15.66B | 29.36% |
| 2010-12-31 | $12.10B | 16.95% |
| 2009-12-31 | $10.35B | -6.11% |
| 2008-12-31 | $11.02B | 11.78% |
| 2007-12-31 | $9.86B | 8.53% |
| 2006-12-31 | $9.09B | 19.80% |
| 2005-12-31 | $7.58B | 16.14% |
| 2004-12-31 | $6.53B | 9.99% |
| 2003-12-31 | $5.94B | 7.52% |
| 2002-12-31 | $5.52B | -0.60% |
| 2001-12-31 | $5.56B | -1.67% |
| 2000-12-31 | $5.65B | 19.30% |
| 1999-12-31 | $4.74B | 13.73% |
| 1998-12-31 | $4.16B | 9.10% |
| 1997-12-31 | $3.82B | 12.06% |
| 1996-12-31 | $3.41B | 18.57% |
| 1995-12-31 | $2.87B | 10.83% |
| 1994-12-31 | $2.59B | 12.85% |
| 1993-12-31 | $2.30B | - |
Southwest Airlines generated $26.09B in revenue during NA 2023, up 9.56% compared to the previous quarter, and up 118.78% compared to the same period a year ago.
Southwest Airlines Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $6.33B | -7.24% |
| 2023-12-31 | $6.82B | 4.57% |
| 2023-09-30 | $6.53B | -7.28% |
| 2023-06-30 | $7.04B | 23.33% |
| 2023-03-31 | $5.71B | -7.55% |
| 2022-12-31 | $6.17B | -0.77% |
| 2022-09-30 | $6.22B | -7.55% |
| 2022-06-30 | $6.73B | 43.33% |
| 2022-03-31 | $4.69B | -7.07% |
| 2021-12-31 | $5.05B | 7.95% |
| 2021-09-30 | $4.68B | 16.74% |
| 2021-06-30 | $4.01B | 95.32% |
| 2021-03-31 | $2.05B | 1.94% |
| 2020-12-31 | $2.01B | 12.27% |
| 2020-09-30 | $1.79B | 77.88% |
| 2020-06-30 | $1.01B | -76.19% |
| 2020-03-31 | $4.23B | -26.10% |
| 2019-12-31 | $5.73B | 1.60% |
| 2019-09-30 | $5.64B | -4.57% |
| 2019-06-30 | $5.91B | 14.76% |
| 2019-03-31 | $5.15B | -9.73% |
| 2018-12-31 | $5.70B | 2.31% |
| 2018-09-30 | $5.58B | -2.91% |
| 2018-06-30 | $5.74B | 16.14% |
| 2018-03-31 | $4.94B | -6.26% |
| 2017-12-31 | $5.27B | 0.06% |
| 2017-09-30 | $5.27B | -8.23% |
| 2017-06-30 | $5.74B | 17.63% |
| 2017-03-31 | $4.88B | -3.80% |
| 2016-12-31 | $5.08B | -1.23% |
| 2016-09-30 | $5.14B | -4.55% |
| 2016-06-30 | $5.38B | 11.56% |
| 2016-03-31 | $4.83B | -3.03% |
| 2015-12-31 | $4.98B | -6.41% |
| 2015-09-30 | $5.32B | 4.05% |
| 2015-06-30 | $5.11B | 15.79% |
| 2015-03-31 | $4.41B | -4.62% |
| 2014-12-31 | $4.63B | -3.58% |
| 2014-09-30 | $4.80B | -4.21% |
| 2014-06-30 | $5.01B | 20.28% |
| 2014-03-31 | $4.17B | -5.92% |
| 2013-12-31 | $4.43B | -2.57% |
| 2013-09-30 | $4.54B | -2.11% |
| 2013-06-30 | $4.64B | 13.69% |
| 2013-03-31 | $4.08B | -2.13% |
| 2012-12-31 | $4.17B | -3.16% |
| 2012-09-30 | $4.31B | -6.65% |
| 2012-06-30 | $4.62B | 15.66% |
| 2012-03-31 | $3.99B | -2.85% |
| 2011-12-31 | $4.11B | -4.71% |
| 2011-09-30 | $4.31B | 4.23% |
| 2011-06-30 | $4.14B | 33.29% |
| 2011-03-31 | $3.10B | -0.35% |
| 2010-12-31 | $3.11B | -2.44% |
| 2010-09-30 | $3.19B | 0.76% |
| 2010-06-30 | $3.17B | 20.46% |
| 2010-03-31 | $2.63B | -3.02% |
| 2009-12-31 | $2.71B | 1.73% |
| 2009-09-30 | $2.67B | 1.91% |
| 2009-06-30 | $2.62B | 10.99% |
| 2009-03-31 | $2.36B | -13.79% |
| 2008-12-31 | $2.73B | -5.43% |
| 2008-09-30 | $2.89B | 0.77% |
| 2008-06-30 | $2.87B | 13.40% |
| 2008-03-31 | $2.53B | - |
Southwest Airlines generated $6.33B in revenue during Q1 2024, up -7.24% compared to the previous quarter, and up 102.54% compared to the same period a year ago.
Southwest Airlines Revenue Breakdown
Southwest Airlines Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Passenger Revenue, Non-Loyalty | $19.07B | $17.64B | $11.38B | - | - |
| Passenger Ancillary Sold Separately | $925.00M | $735.00M | $553.00M | - | - |
| Passenger Loyalty, Air Transportation | $3.64B | $3.03B | $2.14B | - | - |
| Passenger | $23.64B | $21.41B | $14.07B | $7.67B | $20.78B |
| PassengerRevenueNonLoyalty | - | - | - | $6.30B | $17.58B |
| PassengerAncillarySoldSeparately | - | - | - | $359.00M | $711.00M |
| PassengerLoyaltyAirTransportation | - | - | - | $1.00B | $2.49B |
Southwest Airlines's latest annual revenue breakdown by segment (product or service), as of Dec 23: Passenger (50.00%), Passenger Revenue, Non-Loyalty (40.35%), Passenger Loyalty, Air Transportation (7.70%), and Passenger Ancillary Sold Separately (1.96%).
Quarterly Revenue by Product
| Product/Service | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PassengerLoyaltyAirTransportation | $896.00M | $895.00M | $799.00M | $278.00M | $256.00M | $205.00M | $81.00M | $461.00M | $673.00M | - | - | - | - | - | - | - | - | - | - | - |
| PassengerAncillarySoldSeparately | $262.00M | $273.00M | $233.00M | $80.00M | $69.00M | $66.00M | $61.00M | $164.00M | $189.00M | - | - | - | - | - | - | - | - | - | - | - |
| PassengerRevenueNonLoyalty | $5.09B | $5.54B | $4.68B | $1.35B | $1.34B | $1.18B | $562.00M | $3.22B | $4.45B | - | - | - | - | - | - | - | - | - | - | - |
| Passenger Ancillary Sold Separately | - | - | $233.00M | $252.00M | $238.00M | $237.00M | $198.00M | $216.00M | $192.00M | $180.00M | $147.00M | $165.00M | $163.00M | $145.00M | - | - | - | - | - | - |
| Passenger Loyalty, Air Transportation | - | - | $799.00M | $909.00M | $916.00M | $989.00M | $825.00M | $792.00M | $791.00M | $821.00M | $624.00M | $688.00M | $621.00M | $549.00M | - | - | - | - | - | - |
| Passenger Revenue, Non-Loyalty | - | - | $4.68B | $5.05B | $4.76B | $5.18B | $4.08B | $4.53B | $4.63B | $5.12B | $3.36B | $3.71B | $3.44B | $2.88B | - | - | - | - | - | - |
| Passenger | - | - | $5.71B | $6.21B | $5.91B | $6.41B | $5.11B | $5.54B | $5.61B | $6.12B | $4.13B | $4.56B | $4.23B | $3.57B | $1.71B | $1.66B | $1.45B | $704.00M | $3.85B | $5.31B |
Southwest Airlines's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: PassengerRevenueNonLoyalty (81.47%), PassengerLoyaltyAirTransportation (14.34%), and PassengerAncillarySoldSeparately (4.19%).
Southwest Airlines Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Latin America | $828.00M | $811.00M | $475.00M | $184.00M | $615.00M |
| North America | $25.00B | $23.00B | $15.30B | $8.90B | $21.80B |
Southwest Airlines's latest annual revenue breakdown by geography, as of Dec 23: North America (96.79%), and Latin America (3.21%).
Southwest Airlines Peer Comparison by Revenue
LUV Revenue FAQ
What is Southwest Airlines’s yearly revenue?
Southwest Airlines's yearly revenue for 2023 was $26.09B, representing an increase of 9.56% compared to 2022. The company's yearly revenue for 2022 was $23.81B, representing an increase of 50.82% compared to 2021. LUV's yearly revenue for 2021 was $15.79B, representing an increase of 74.51% compared to 2020.
What is Southwest Airlines’s quarterly revenue?
Southwest Airlines's quarterly revenue for Q1 2024 was $6.33B, a -7.24% decrease from the previous quarter (Q4 2023), and a 10.92% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $6.82B, a 4.57% increase from the previous quarter (Q3 2023), and a 10.55% increase year-over-year (Q4 2022). LUV's quarterly revenue for Q3 2023 was $6.52B, a -7.28% decrease from the previous quarter (Q2 2023), and a 4.90% increase year-over-year (Q3 2022).
What is Southwest Airlines’s revenue growth rate?
Southwest Airlines's revenue growth rate for the last 3 years (2021-2023) was 65.24%, and for the last 5 years (2019-2023) was 16.33%.
What are Southwest Airlines’s revenue streams?
Southwest Airlines's revenue streams in c 23 are Passenger Revenue, Non-Loyalty, Passenger Ancillary Sold Separately, Passenger Loyalty, Air Transportation, and Passenger. Passenger Revenue, Non-Loyalty generated $19.07B in revenue, accounting 40.35% of the company's total revenue, up 8.09% year-over-year. Passenger Ancillary Sold Separately generated $925M in revenue, accounting 1.96% of the company's total revenue, up 25.85% year-over-year. Passenger Loyalty, Air Transportation generated $3.64B in revenue, accounting 7.70% of the company's total revenue, up 20.18% year-over-year. Passenger generated $23.64B in revenue, accounting 50.00% of the company's total revenue, up 10.41% year-over-year.
What is Southwest Airlines’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Southwest Airlines was Passenger. This segment made a revenue of $23.64B, representing 50.00% of the company's total revenue.