Southwest Airlines (LUV) Revenue & Revenue Breakdown

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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

Ticker	Company	Last Year Revenue	Last Quarter Revenue
DAL	Delta Air Lines	$58.05B	$15.68B
UAL	United Airlines	$53.72B	$14.84B
LUV	Southwest Airlines	$26.09B	$6.33B
JBLU	JetBlue Airways	$9.62B	$2.37B
ULCC	Frontier Group	$3.59B	$935.00M
AAL	American Airlines Group	-	$13.65B

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.