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Southwest Airlines revenue

Southwest Airlines's revenue was $28.06bn in fiscal 2025, up 2.1% on the year before. Since fiscal 2009 ($10.35bn) it has grown at a compound 6.4% a year. Over the last twelve months it was $31.55bn.

Revenue history

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue10.412.115.717.117.718.619.820.421.222.022.49.015.823.826.127.528.131.5
Growth on the year before—+16.9%+29.4%+9.1%+3.6%+5.1%+6.5%+3.1%+3.7%+3.8%+2.1%−59.7%+74.5%+50.8%+9.6%+5.3%+2.1%—

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Passenger $25.5B ▲ 2.2%
Passenger Revenue Non Loyalty $20.4B ▼ 0.1%
Passenger Loyalty Air Transportation $3.3B ▼ 6.5%
Other Revenue $2.6B ▲ 18.2%
Other $2.4B ▲ 1.2%
Passenger Ancillary Sold Separately $1.8B ▲ 78.3%
Cargo and Freight $171M ▼ 2.3%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
North America $27.3B 97.3% ▲ 2.2%
Latin America $756M 2.7% ▼ 5.3%

From Southwest Airlines's 10-K filed February 5, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Passenger Airlines: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Southwest Airlines $31.55bn 14.5% 7.4%
Ryanair Holdings PLC $18.02bn 20.3% —
American Airlines Group Inc. $60.98bn 12.3% 4.8%
United Airlines Holdings $65.55bn 12.3% 7.7%
Alaska AIR Group, Inc. $14.76bn 9.8% 12.6%
Delta Air Lines $71.80bn 14.1% 7.8%

Compare with peers

Head to head: LUV vs RYAAYAAL vs LUVLUV vs UALALK vs LUV

More: Passenger Airlines stocks compared, Industrials sector, rankings of US companies

Figures from Southwest Airlines's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Southwest Airlines.