Southwest Airlines Co.'s Revenue
- Southwest Airlines Co.'s annual revenue was $28.06 B in fiscal year 2025. The annual revenue increased $580.00 M from $27.48 B (in 2024) to $28.06 B (in 2025), representing a 2.11% year-over-year growth.
- Southwest Airlines Co.'s quarterly revenue was $7.44 B in the quarter ending Dec 2025. The quarterly revenue increased $512.00 M from $6.93 B (in Q4: Sept 2024) to $7.44 B (in Q4: Sept 2025), representing a 7.39% year-over-year growth.
- The highest annual revenue for Southwest Airlines Co. was $28.06 B in fiscal year 2025.
- The lowest annual revenue was $9.05 B in fiscal year 2020.
- The average revenue was $21.63 B.
- 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.
Over the past 10 years (2016 - 2025):
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 :
Southwest Airlines Co.'s Revenue Trend
| 2015 | 19820000000.00 |
|---|---|
| 2016 | 20425000000.00 |
| 2017 | 21171000000.00 |
| 2018 | 21965000000.00 |
| 2019 | 22428000000.00 |
| 2020 | 9048000000.00 |
| 2021 | 15790000000.00 |
| 2022 | 23814000000.00 |
| 2023 | 26091000000.00 |
| 2024 | 27483000000.00 |
| 2025 | 28063000000.00 |
| Mar 2016 | 4826000000.00 |
|---|---|
| Jun 2016 | 5384000000.00 |
| Sep 2016 | 5139000000.00 |
| Dec 2016 | 5076000000.00 |
| Mar 2017 | 4883000000.00 |
| Jun 2017 | 5744000000.00 |
| Sep 2017 | 5271000000.00 |
| Dec 2017 | 5274000000.00 |
| Mar 2018 | 4944000000.00 |
| Jun 2018 | 5742000000.00 |
| Sep 2018 | 5575000000.00 |
| Dec 2018 | 5704000000.00 |
| Mar 2019 | 5149000000.00 |
| Jun 2019 | 5909000000.00 |
| Sep 2019 | 5639000000.00 |
| Dec 2019 | 5729000000.00 |
| Mar 2020 | 4234000000.00 |
| Jun 2020 | 1008000000.00 |
| Sep 2020 | 1793000000.00 |
| Dec 2020 | 2013000000.00 |
| Mar 2021 | 2052000000.00 |
| Jun 2021 | 4008000000.00 |
| Sep 2021 | 4679000000.00 |
| Dec 2021 | 5051000000.00 |
| Mar 2022 | 4694000000.00 |
| Jun 2022 | 6728000000.00 |
| Sep 2022 | 6220000000.00 |
| Dec 2022 | 6172000000.00 |
| Mar 2023 | 5706000000.00 |
| Jun 2023 | 7037000000.00 |
| Sep 2023 | 6525000000.00 |
| Dec 2023 | 6823000000.00 |
| Mar 2024 | 6329000000.00 |
| Jun 2024 | 7354000000.00 |
| Sep 2024 | 6870000000.00 |
| Dec 2024 | 6930000000.00 |
| Mar 2025 | 6428000000.00 |
| Jun 2025 | 7244000000.00 |
| Sep 2025 | 6949000000.00 |
| Dec 2025 | 7442000000.00 |
2025
Southwest Airlines Co.'s annual revenue was $28.06 B in fiscal year 2025.
Southwest Airlines Co.'s quarterly revenue was $6.43 B(Q1: Mar 2025), $7.24 B(Q2: Jun 2025), $6.95 B(Q3: Sep 2025), $7.44 B(Q4: Dec 2025) in fiscal year 2025.
2024
Southwest Airlines Co.'s annual revenue was $27.48 B in fiscal year 2024.
Southwest Airlines Co.'s quarterly revenue was $6.33 B(Q1: Mar 2024), $7.35 B(Q2: Jun 2024), $6.87 B(Q3: Sep 2024), $6.93 B(Q4: Dec 2024) in fiscal year 2024.
2023
Southwest Airlines Co.'s annual revenue was $26.09 B in fiscal year 2023.
Southwest Airlines Co.'s quarterly revenue was $5.71 B(Q1: Mar 2023), $7.04 B(Q2: Jun 2023), $6.53 B(Q3: Sep 2023), $6.82 B(Q4: Dec 2023) in fiscal year 2023.
2022
Southwest Airlines Co.'s annual revenue was $23.81 B in fiscal year 2022.
Southwest Airlines Co.'s quarterly revenue was $4.69 B(Q1: Mar 2022), $6.73 B(Q2: Jun 2022), $6.22 B(Q3: Sep 2022), $6.17 B(Q4: Dec 2022) in fiscal year 2022.
2021
Southwest Airlines Co.'s annual revenue was $15.79 B in fiscal year 2021.
Southwest Airlines Co.'s quarterly revenue was $2.05 B(Q1: Mar 2021), $4.01 B(Q2: Jun 2021), $4.68 B(Q3: Sep 2021), $5.05 B(Q4: Dec 2021) in fiscal year 2021.
2020
Southwest Airlines Co.'s annual revenue was $9.05 B in fiscal year 2020.
Southwest Airlines Co.'s quarterly revenue was $4.23 B(Q1: Mar 2020), $1.01 B(Q2: Jun 2020), $1.79 B(Q3: Sep 2020), $2.01 B(Q4: Dec 2020) in fiscal year 2020.
2019
Southwest Airlines Co.'s annual revenue was $22.43 B in fiscal year 2019.
Southwest Airlines Co.'s quarterly revenue was $5.15 B(Q1: Mar 2019), $5.91 B(Q2: Jun 2019), $5.64 B(Q3: Sep 2019), $5.73 B(Q4: Dec 2019) in fiscal year 2019.
2018
Southwest Airlines Co.'s annual revenue was $21.97 B in fiscal year 2018.
Southwest Airlines Co.'s quarterly revenue was $4.94 B(Q1: Mar 2018), $5.74 B(Q2: Jun 2018), $5.58 B(Q3: Sep 2018), $5.70 B(Q4: Dec 2018) in fiscal year 2018.
2017
Southwest Airlines Co.'s annual revenue was $21.17 B in fiscal year 2017.
Southwest Airlines Co.'s quarterly revenue was $4.88 B(Q1: Mar 2017), $5.74 B(Q2: Jun 2017), $5.27 B(Q3: Sep 2017), $5.27 B(Q4: Dec 2017) in fiscal year 2017.
2016
Southwest Airlines Co.'s annual revenue was $20.43 B in fiscal year 2016.
Southwest Airlines Co.'s quarterly revenue was $4.83 B(Q1: Mar 2016), $5.38 B(Q2: Jun 2016), $5.14 B(Q3: Sep 2016), $5.08 B(Q4: Dec 2016) in fiscal year 2016.
Southwest Airlines Co.'s Revenue (Year-over-Year Change)
| 2015 | 0 |
|---|---|
| 2016 | +3.05 |
| 2017 | +3.65 |
| 2018 | +3.75 |
| 2019 | +2.11 |
| 2020 | -59.66 |
| 2021 | +74.51 |
| 2022 | +50.82 |
| 2023 | +9.56 |
| 2024 | +5.34 |
| 2025 | +2.11 |
| Q1: Mar 16 | 9.33 |
|---|---|
| Q2: Jun 16 | 5.34 |
| Q3: Sep 16 | -3.37 |
| Q4: Dec 16 | 1.99 |
| Q1: Mar 17 | 1.18 |
| Q2: Jun 17 | 6.69 |
| Q3: Sep 17 | 2.57 |
| Q4: Dec 17 | 3.90 |
| Q1: Mar 18 | 1.25 |
| Q2: Jun 18 | -0.03 |
| Q3: Sep 18 | 5.77 |
| Q4: Dec 18 | 8.15 |
| Q1: Mar 19 | 4.15 |
| Q2: Jun 19 | 2.91 |
| Q3: Sep 19 | 1.15 |
| Q4: Dec 19 | 0.44 |
| Q1: Mar 20 | -17.77 |
| Q2: Jun 20 | -82.94 |
| Q3: Sep 20 | -68.20 |
| Q4: Dec 20 | -64.86 |
| Q1: Mar 21 | -51.54 |
| Q2: Jun 21 | 297.62 |
| Q3: Sep 21 | 160.96 |
| Q4: Dec 21 | 150.92 |
| Q1: Mar 22 | 128.75 |
| Q2: Jun 22 | 67.86 |
| Q3: Sep 22 | 32.93 |
| Q4: Dec 22 | 22.19 |
| Q1: Mar 23 | 21.56 |
| Q2: Jun 23 | 4.59 |
| Q3: Sep 23 | 4.90 |
| Q4: Dec 23 | 10.55 |
| Q1: Mar 24 | 10.92 |
| Q2: Jun 24 | 4.50 |
| Q3: Sep 24 | 5.29 |
| Q4: Dec 24 | 1.57 |
| Q1: Mar 25 | 1.56 |
| Q2: Jun 25 | -1.50 |
| Q3: Sep 25 | 1.15 |
| Q4: Dec 25 | 7.39 |
2025
Southwest Airlines Co.’s annual revenue increased +2.11% during fiscal year 2025 compared to 2024. It represents a growth of $580.00 M from $27.48 B (in 2024) to $28.06 B (in 2025).
2024
Southwest Airlines Co.’s annual revenue increased +5.34% during fiscal year 2024 compared to 2023. It represents a growth of $1.39 B from $26.09 B (in 2023) to $27.48 B (in 2024).
2023
Southwest Airlines Co.’s annual revenue increased +9.56% during fiscal year 2023 compared to 2022. It represents a growth of $2.28 B from $23.81 B (in 2022) to $26.09 B (in 2023).
2022
Southwest Airlines Co.’s annual revenue increased +50.82% during fiscal year 2022 compared to 2021. It represents a growth of $8.02 B from $15.79 B (in 2021) to $23.81 B (in 2022).
2021
Southwest Airlines Co.’s annual revenue increased +74.51% during fiscal year 2021 compared to 2020. It represents a growth of $6.74 B from $9.05 B (in 2020) to $15.79 B (in 2021).
2020
Southwest Airlines Co.’s annual revenue decreased -59.66% during fiscal year 2020 compared to 2019. It represents a decline of -$13.38 B from $22.43 B (in 2019) to $9.05 B (in 2020).
2019
Southwest Airlines Co.’s annual revenue increased +2.11% during fiscal year 2019 compared to 2018. It represents a growth of $463.00 M from $21.97 B (in 2018) to $22.43 B (in 2019).
2018
Southwest Airlines Co.’s annual revenue increased +3.75% during fiscal year 2018 compared to 2017. It represents a growth of $794.00 M from $21.17 B (in 2017) to $21.97 B (in 2018).
2017
Southwest Airlines Co.’s annual revenue increased +3.65% during fiscal year 2017 compared to 2016. It represents a growth of $746.00 M from $20.43 B (in 2016) to $21.17 B (in 2017).
2016
Southwest Airlines Co.’s annual revenue increased +3.05% during fiscal year 2016 compared to 2015. It represents a growth of $605.00 M from $19.82 B (in 2015) to $20.43 B (in 2016).
Summary Table (Annual)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| 2025 | $28.06 B | +2.11% |
| 2024 | $27.48 B | +5.34% |
| 2023 | $26.09 B | +9.56% |
| 2022 | $23.81 B | +50.82% |
| 2021 | $15.79 B | +74.51% |
| 2020 | $9.05 B | -59.66% |
| 2019 | $22.43 B | +2.11% |
| 2018 | $21.97 B | +3.75% |
| 2017 | $21.17 B | +3.65% |
| 2016 | $20.43 B | +3.05% |
Summary Table (Quarterly)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| Q4: Dec 25 | $7.44 B | 7.39% |
| Q3: Sep 25 | $6.95 B | 1.15% |
| Q2: Jun 25 | $7.24 B | -1.50% |
| Q1: Mar 25 | $6.43 B | 1.56% |
| Q4: Dec 24 | $6.93 B | 1.57% |
| Q3: Sep 24 | $6.87 B | 5.29% |
| Q2: Jun 24 | $7.35 B | 4.50% |
| Q1: Mar 24 | $6.33 B | 10.92% |
| Q4: Dec 23 | $6.82 B | 10.55% |
| Q3: Sep 23 | $6.53 B | 4.90% |
| Q2: Jun 23 | $7.04 B | 4.59% |
| Q1: Mar 23 | $5.71 B | 21.56% |
| Q4: Dec 22 | $6.17 B | 22.19% |
| Q3: Sep 22 | $6.22 B | 32.93% |
| Q2: Jun 22 | $6.73 B | 67.86% |
| Q1: Mar 22 | $4.69 B | 128.75% |
| Q4: Dec 21 | $5.05 B | 150.92% |
| Q3: Sep 21 | $4.68 B | 160.96% |
| Q2: Jun 21 | $4.01 B | 297.62% |
| Q1: Mar 21 | $2.05 B | -51.54% |
| Q4: Dec 20 | $2.01 B | -64.86% |
| Q3: Sep 20 | $1.79 B | -68.20% |
| Q2: Jun 20 | $1.01 B | -82.94% |
| Q1: Mar 20 | $4.23 B | -17.77% |
| Q4: Dec 19 | $5.73 B | 0.44% |
| Q3: Sep 19 | $5.64 B | 1.15% |
| Q2: Jun 19 | $5.91 B | 2.91% |
| Q1: Mar 19 | $5.15 B | 4.15% |
| Q4: Dec 18 | $5.70 B | 8.15% |
| Q3: Sep 18 | $5.58 B | 5.77% |
| Q2: Jun 18 | $5.74 B | -0.03% |
| Q1: Mar 18 | $4.94 B | 1.25% |
| Q4: Dec 17 | $5.27 B | 3.90% |
| Q3: Sep 17 | $5.27 B | 2.57% |
| Q2: Jun 17 | $5.74 B | 6.69% |
| Q1: Mar 17 | $4.88 B | 1.18% |
| Q4: Dec 16 | $5.08 B | 1.99% |
| Q3: Sep 16 | $5.14 B | -3.37% |
| Q2: Jun 16 | $5.38 B | 5.34% |
| Q1: Mar 16 | $4.83 B | 9.33% |
