Southwest Airlines is experiencing a strong revenue rebound, with Q2 2026 revenue growing 16.4% YoY to $8.4B, driven by robust demand and ancillary initiatives. However, profitability remains strained, as operating margin contracted to 3.4% despite revenue gro...
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Revenue growth accelerated to 16.4% YoY in Q2 2026, but operating margin contracted to 3.4% from 3.1% a year earlier, and COGS rose 10.2% YoY, indicating cost pressures are squeezing profitability.
Southwest Airlines reported net income of US$227 million in Q1 2026, signaling a return to profitability and strong financial performance.
The company achieved record operating revenue of US$7,249 million in Q1 2026, indicating robust demand and customer uptake of new offerings.
Southwest's flight deals and low fares are driving strong customer demand, as evidenced by their revenue growth and market presence.
Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 22, 2026 | $0.94+84.3% vs $0.51 | $8.4B-1.8% vs $8.6B |
Q2 2026 Apr 22, 2026 | $0.45-4.9% vs $0.47 | $7.2B-0.3% vs $7.3B |
Q1 2026 Jan 28, 2026 | $0.58+2.1% vs $0.57 | $7.4B-0.8% vs $7.5B |
Q4 2025 Oct 22, 2025 | $0.11+398.7% vs -$0.04 | $6.9B+0.5% vs $6.9B |
DALLAS, Oct. 1, 2026 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) will release its third quarter 2026 financial results after the market closes on Wednesday, October 21, 2026. Management will discuss the results during a conference call on Thursday, October 22, 2026.
Elon Musk and Delta Air Lines chief executive Ed Bastian may not be sending each other holiday cards this year.
U.S. airlines are assessing the path of a nor'easter that's projected to hit the Northeast U.S. this weekend. United Airlines, American Airlines and JetBlue Airways said they would waive change fees for customers flying this weekend to a host of airports.
Major indexes are moving mixed, with the Nasdaq Composite (IXIC) hitting a new record high
Benchmark LUV against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Southwest Airlines Co. (LUV)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $42.47 | $20.78B | 53.76 | 2.11% | 1.57% | 4.81% | 1.68% | |
| $84.09 | $55.3B | 10.98 | 2.79% | 5.79% | 19.33% | — | |
| $112.51 | $36.52B | 11.01 | 3.52% | 5.56% | 22.5% | — | |
| $12.94 | $8.57B | 76.12 | 0.78% | -0.56% | — | — | |
| $6.19 | $1.43B | -10.32 | -1.35% | -9.29% | -120.34% | — | |
| $77.61 | $1.5B | -31.29 | 3.74% | 0.9% | 2.1% | — |
Southwest Airlines Co. (LUV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Southwest Airlines Co. (LUV) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 12, 2026·SEC
Aug 10, 2026·SEC
Aug 7, 2026·SEC
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Southwest Airlines Co. (LUV) stock FAQ — growth, dividends, profitability & financials explained
Southwest Airlines Co. (LUV) reported $30.07B in revenue for fiscal year 2025. This represents a 783% increase from $3.41B in 1996.
Southwest Airlines Co. (LUV) grew revenue by 2.1% over the past year. Growth has been modest.
Yes, Southwest Airlines Co. (LUV) is profitable, generating $837.0M in net income for fiscal year 2025 (1.6% net margin).
Yes, Southwest Airlines Co. (LUV) pays a dividend with a yield of 1.68%. This makes it attractive for income-focused investors.
Southwest Airlines Co. (LUV) has a return on equity (ROE) of 4.8%. This is below average, suggesting room for improvement.
Southwest Airlines Co. (LUV) had negative free cash flow of $621.0M in fiscal year 2025, likely due to heavy capital investments.
