Southwest Airlines Co splits its revenue into 5 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Passenger Revenue Non Loyalty at $20.4 billion, 73% of the total.
USD in millions. The percent under a figure is the change from the year before.
| Line |
FY 2026
Sep 30, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
FY 2016
Dec 31, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
31,546
|
28,063
|
27,483
|
26,091
|
23,814
|
15,790
|
9,048
|
22,428
|
21,965
|
21,171
|
20,425
|
| Passenger Revenue Non Loyalty |
22,745
+12.3%
share 72.1%
|
20,441
-0.1%
share 72.8%
|
20,467
+7.3%
share 74.5%
|
19,073
+8.1%
share 73.1%
|
17,645
+55.1%
share 74.1%
|
11,377
+80.5%
share 72.1%
|
6,303
-64.1%
share 69.7%
|
17,578
+0.4%
share 78.4%
|
17,506
+3.4%
share 79.7%
|
16,934
share 80.0%
|
—
|
| Passenger Loyalty Air Transportation |
2,972
-11.8%
share 9.4%
|
3,259
-6.5%
share 11.6%
|
3,484
-4.3%
share 12.7%
|
3,639
+20.2%
share 13.9%
|
3,028
+41.8%
share 12.7%
|
2,136
+113.0%
share 13.5%
|
1,003
-59.7%
share 11.1%
|
2,487
+7.8%
share 11.1%
|
2,307
+1.9%
share 10.5%
|
2,263
share 10.7%
|
—
|
| Product And Service Other |
2,486
+7.1%
share 7.9%
|
2,357
+1.2%
share 8.4%
|
2,328
+2.2%
share 8.5%
|
2,279
+2.2%
share 8.7%
|
2,229
+45.0%
share 9.4%
|
1,537
+25.8%
share 9.7%
|
1,222
-17.4%
share 13.5%
|
1,480
+10.9%
share 6.6%
|
1,335
+10.3%
share 6.1%
|
1,210
share 5.7%
|
—
|
| Passenger Ancillary Sold Separately |
3,158
+121.3%
share 10.0%
|
1,835
+78.3%
share 6.5%
|
1,029
+11.2%
share 3.7%
|
925
+25.9%
share 3.5%
|
735
+32.9%
share 3.1%
|
553
+54.0%
share 3.5%
|
359
-49.5%
share 4.0%
|
711
+10.7%
share 3.2%
|
642
+13.4%
share 2.9%
|
566
share 2.7%
|
—
|
| Cargo And Freight |
185
+8.2%
share 0.6%
|
171
-2.3%
share 0.6%
|
175
+0.0%
share 0.6%
|
175
-1.1%
share 0.7%
|
177
-5.3%
share 0.7%
|
187
+16.1%
share 1.2%
|
161
-6.4%
share 1.8%
|
172
-1.7%
share 0.8%
|
175
+1.2%
share 0.8%
|
173
share 0.8%
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.
Company profile
- Industry
- Air Transportation, Scheduled (SIC 4512)
- Listed as
- LUV (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- TX
- Headquarters
- Dallas, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 92380
Other Air Transportation, Scheduled companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.