Southwest Airlines Co.
LUV Industrials Airlines
Southwest Airlines Co.’s revenue for fiscal 2025 (year ended December 2025) was $28.1 billion, up 2.11% from fiscal 2024. In the quarter to June 2026, revenue grew 16.4%, EPS grew 20.0%, free cash flow grew 86.8% and total debt rose 44.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for five.
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Southwest Airlines Co. (LUV) EBITDA
Southwest Airlines Co.'s EBITDA for fiscal 2025 was $2.0B, unchanged from fiscal 2024. Over the twelve months to 30 June 2026 it was $2.6B. Over the past ten years it has ranged from −$2.6B (fiscal 2020) to $5.1B (fiscal 2015); the current reading is higher than 36% of that period. Southwest Airlines Co. ranks 4th of 18 Airlines companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $2.0B | 0.51% |
| FY2024 | $2.0B | 13.29% |
| FY2023 | $1.7B | (26.27%) |
| FY2022 | $2.4B | (20.88%) |
| FY2021 | $3.0B | — |
| FY2020 | −$2.6B | — |
| FY2019 | $4.2B | (5.24%) |
| FY2018 | $4.4B | (4.71%) |
| FY2017 | $4.6B | (2.49%) |
| FY2016 | $4.7B | (7.56%) |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Jun 2026 | $687.0M | (5.63%) |
| Mar 2026 | $728.0M | (4.46%) |
| Dec 2025 | $762.0M | 77.62% |
| Sep 2025 | $429.0M | (31.25%) |
| 42 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| DAL Delta Air Lines, Inc. compare | $5.3B |
| UAL United Airlines Holdings Inc compare | $4.9B |
| RYAAY Ryanair Holdings PLC compare | $4.1B |
| LUV Southwest Airlines Co. | $2.6B |
| LTM LATAM Airlines Group S.A. compare | $2.4B |
| AAL American Airlines Group Inc. compare | $1.0B |
| CPA Copa Holdings, S.A. compare | $772.2M |
| ALK Alaska Air Group, Inc. compare | $589.0M |
| ZNH China Southern Airlines Company Limited compare | −$168.7M |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement