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    Southwest Airlines Co.'s Revenue

    • Southwest Airlines Co.'s annual revenue was $26.09B in fiscal year 2023. The annual revenue increased $2.28B from $23.81B (in 2022) to $26.09B (in 2023), representing a 9.56% year-over-year growth.

    • Southwest Airlines Co.'s quarterly revenue was $6.87B in the quarter ending Sep 2024. The quarterly revenue increased $345.00M from $6.53B (in Q3: June 2023) to $6.87B (in Q3: June 2024), representing a 5.29% year-over-year growth.

      • Over the past 10 years (2015 - 2024):
    • The highest annual revenue for Southwest Airlines Co. was $26.09B in fiscal year 2023.
    • The lowest annual revenue was $9.05B in fiscal year 2020.
    • The average revenue was $20.06B.

      • Learn more about Southwest Airlines Co.'s Revenue by Segment and Revenue by Region.

      Check out competitors to Southwest Airlines Co. in a side-by-side comparison.

      Explore additional financial metrics for Southwest Airlines Co..


      Definition of Revenue :
    • Revenue is the amount of money generated by a business from sales of its goods or services. Refer to our glossary for more details, examples, and formulas.
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    2023

    Southwest Airlines Co.'s annual revenue was $26.09B in fiscal year 2023.

    Southwest Airlines Co.'s quarterly revenue was $5.71B(Q1: Mar 2023), $7.04B(Q2: Jun 2023), $6.53B(Q3: Sep 2023), $6.82B(Q4: Dec 2023) in fiscal year 2023.

    2022

    Southwest Airlines Co.'s annual revenue was $23.81B in fiscal year 2023.

    Southwest Airlines Co.'s quarterly revenue was $4.69B(Q1: Mar 2022), $6.73B(Q2: Jun 2022), $6.22B(Q3: Sep 2022), $6.17B(Q4: Dec 2022) in fiscal year 2022.

    2021

    Southwest Airlines Co.'s annual revenue was $15.79B in fiscal year 2023.

    Southwest Airlines Co.'s quarterly revenue was $2.05B(Q1: Mar 2021), $4.01B(Q2: Jun 2021), $4.68B(Q3: Sep 2021), $5.05B(Q4: Dec 2021) in fiscal year 2021.

    2020

    Southwest Airlines Co.'s annual revenue was $9.05B in fiscal year 2023.

    Southwest Airlines Co.'s quarterly revenue was $4.23B(Q1: Mar 2020), $1.01B(Q2: Jun 2020), $1.79B(Q3: Sep 2020), $2.01B(Q4: Dec 2020) in fiscal year 2020.

    2019

    Southwest Airlines Co.'s annual revenue was $22.43B in fiscal year 2023.

    Southwest Airlines Co.'s quarterly revenue was $5.15B(Q1: Mar 2019), $5.91B(Q2: Jun 2019), $5.64B(Q3: Sep 2019), $5.73B(Q4: Dec 2019) in fiscal year 2019.

    2018

    Southwest Airlines Co.'s annual revenue was $21.97B in fiscal year 2023.

    Southwest Airlines Co.'s quarterly revenue was $4.94B(Q1: Mar 2018), $5.74B(Q2: Jun 2018), $5.58B(Q3: Sep 2018), $5.70B(Q4: Dec 2018) in fiscal year 2018.

    2017

    Southwest Airlines Co.'s annual revenue was $21.17B in fiscal year 2023.

    Southwest Airlines Co.'s quarterly revenue was $4.88B(Q1: Mar 2017), $5.74B(Q2: Jun 2017), $5.27B(Q3: Sep 2017), $5.27B(Q4: Dec 2017) in fiscal year 2017.

    2016

    Southwest Airlines Co.'s annual revenue was $20.43B in fiscal year 2023.

    Southwest Airlines Co.'s quarterly revenue was $4.83B(Q1: Mar 2016), $5.38B(Q2: Jun 2016), $5.14B(Q3: Sep 2016), $5.08B(Q4: Dec 2016) in fiscal year 2016.

    2015

    Southwest Airlines Co.'s annual revenue was $19.82B in fiscal year 2023.

    Southwest Airlines Co.'s quarterly revenue was $4.41B(Q1: Mar 2015), $5.11B(Q2: Jun 2015), $5.32B(Q3: Sep 2015), $4.98B(Q4: Dec 2015) in fiscal year 2015.

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    2014 0
    2015 +6.53
    2016 +3.05
    2017 +3.65
    2018 +3.75
    2019 +2.11
    2020 -59.66
    2021 +74.51
    2022 +50.82
    2023 +9.56

    2023

    Southwest Airlines Co.’s annual revenue increased +9.56% during fiscal year 2023 compared to 2022. It represents a growth of $2.28B from $23.81B (in 2022) to $26.09B (in 2023).

    2022

    Southwest Airlines Co.’s annual revenue increased +50.82% during fiscal year 2022 compared to 2021. It represents a growth of $8.02B from $15.79B (in 2021) to $23.81B (in 2022).

    2021

    Southwest Airlines Co.’s annual revenue increased +74.51% during fiscal year 2021 compared to 2020. It represents a growth of $6.74B from $9.05B (in 2020) to $15.79B (in 2021).

    2020

    Southwest Airlines Co.’s annual revenue decreased -59.66% during fiscal year 2020 compared to 2019. It represents a decline of -$13.38B from $22.43B (in 2019) to $9.05B (in 2020).

    2019

    Southwest Airlines Co.’s annual revenue increased +2.11% during fiscal year 2019 compared to 2018. It represents a growth of $463.00M from $21.97B (in 2018) to $22.43B (in 2019).

    2018

    Southwest Airlines Co.’s annual revenue increased +3.75% during fiscal year 2018 compared to 2017. It represents a growth of $794.00M from $21.17B (in 2017) to $21.97B (in 2018).

    2017

    Southwest Airlines Co.’s annual revenue increased +3.65% during fiscal year 2017 compared to 2016. It represents a growth of $746.00M from $20.43B (in 2016) to $21.17B (in 2017).

    2016

    Southwest Airlines Co.’s annual revenue increased +3.05% during fiscal year 2016 compared to 2015. It represents a growth of $605.00M from $19.82B (in 2015) to $20.43B (in 2016).

    2015

    Southwest Airlines Co.’s annual revenue increased +6.53% during fiscal year 2015 compared to 2014. It represents a growth of $1.22B from $18.61B (in 2014) to $19.82B (in 2015).

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    Summary Table (Annual)

    Period Revenue Year-over-Year Change
    2023 $26.09B +9.56%
    2022 $23.81B +50.82%
    2021 $15.79B +74.51%
    2020 $9.05B -59.66%
    2019 $22.43B +2.11%
    2018 $21.97B +3.75%
    2017 $21.17B +3.65%
    2016 $20.43B +3.05%
    2015 $19.82B +6.53%

    Summary Table (Quarterly)

    Period Revenue Year-over-Year Change
    Q3: Sep 24 $6.87B 5.29%
    Q2: Jun 24 $7.35B 4.50%
    Q1: Mar 24 $6.33B 10.92%
    Q4: Dec 23 $6.82B 10.55%
    Q3: Sep 23 $6.53B 4.90%
    Q2: Jun 23 $7.04B 4.59%
    Q1: Mar 23 $5.71B 21.56%
    Q4: Dec 22 $6.17B 22.19%
    Q3: Sep 22 $6.22B 32.93%
    Q2: Jun 22 $6.73B 67.86%
    Q1: Mar 22 $4.69B 128.75%
    Q4: Dec 21 $5.05B 150.92%
    Q3: Sep 21 $4.68B 160.96%
    Q2: Jun 21 $4.01B 297.62%
    Q1: Mar 21 $2.05B -51.54%
    Q4: Dec 20 $2.01B -64.86%
    Q3: Sep 20 $1.79B -68.20%
    Q2: Jun 20 $1.01B -82.94%
    Q1: Mar 20 $4.23B -17.77%
    Q4: Dec 19 $5.73B 0.44%
    Q3: Sep 19 $5.64B 1.15%
    Q2: Jun 19 $5.91B 2.91%
    Q1: Mar 19 $5.15B 4.15%
    Q4: Dec 18 $5.70B 8.15%
    Q3: Sep 18 $5.58B 5.77%
    Q2: Jun 18 $5.74B -0.03%
    Q1: Mar 18 $4.94B 1.25%
    Q4: Dec 17 $5.27B 3.90%
    Q3: Sep 17 $5.27B 2.57%
    Q2: Jun 17 $5.74B 6.69%
    Q1: Mar 17 $4.88B 1.18%
    Q4: Dec 16 $5.08B 1.99%
    Q3: Sep 16 $5.14B -3.37%
    Q2: Jun 16 $5.38B 5.34%
    Q1: Mar 16 $4.83B 9.33%
    Q4: Dec 15 $4.98B 7.54%
    Q3: Sep 15 $5.32B 10.79%
    Q2: Jun 15 $5.11B 2.00%
    Q1: Mar 15 $4.41B 5.95%

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