Southwest Airlines Company (LUV)
Operating return on assets (Operating ROA)
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 428,000 | 315,000 | 318,000 | 491,000 | 321,000 | -361,000 | -282,000 | 115,000 | 224,000 | 243,000 | 521,000 | 884,000 | 1,017,000 | 1,597,000 | 1,935,000 | 1,371,000 | 1,721,000 | 358,000 | -1,786,000 | -3,507,000 |
| Total assets | US$ in thousands | 29,061,000 | 28,312,000 | 28,712,000 | 33,212,000 | 33,750,000 | 34,847,000 | 35,563,000 | 36,018,000 | 36,487,000 | 36,980,000 | 36,519,000 | 35,546,000 | 35,369,000 | 35,946,000 | 38,302,000 | 37,262,000 | 36,320,000 | 37,110,000 | 38,206,000 | 35,493,000 |
| Operating ROA | 1.47% | 1.11% | 1.11% | 1.48% | 0.95% | -1.04% | -0.79% | 0.32% | 0.61% | 0.66% | 1.43% | 2.49% | 2.88% | 4.44% | 5.05% | 3.68% | 4.74% | 0.96% | -4.67% | -9.88% |
December 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $428,000K ÷ $29,061,000K
= 1.47%
Peer comparison
Dec 31, 2025
Company name
Symbol
Operating ROA
Southwest Airlines Company
LUV
1.47%
Alaska Air Group Inc
ALK
—
American Airlines Group
AAL
2.58%
Delta Air Lines Inc
DAL
7.17%
JetBlue Airways Corp
JBLU
-1.52%
SkyWest Inc
SKYW
8.70%
United Airlines Holdings Inc
UAL
6.16%