Southwest (LUV) operating income was $428M in FY2025 (+33% YoY). The tables below show the complete quarterly and annual operating income history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Operating Income
Fiscal Year
Operating Income
YoY
2025
$428M
+33%
2024
$321M
+43%
2023
$224M
-78%
2022
$1.0B
-41%
2021
$1.7B
+145%
2020
-$3.8B
-229%
2019
$3.0B
-8%
2018
$3.2B
-6%
2017
$3.4B
-9%
2016
$3.8B
-9%
2015
$4.1B
+85%
2014
$2.2B
+74%
2013
$1.3B
+105%
2012
$623M
-10%
2011
$693M
-30%
2010
$988M
+277%
2009
$262M
-42%
2008
$449M
-43%
2007
$791M
Recent Quarterly Operating Income
Quarter
Operating Income
Q2 2026
$285M
Q1 2026
$330M
Q4 2025
$391M
Q3 2025
$35M
Q2 2025
$225M
Q1 2025
-$161M
Q4 2024
$278M
Q3 2024
$38M
Q2 2024
$398M
Q1 2024
-$393M
Q4 2023
-$404M
Q3 2023
$117M
Source: LUV on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.