Southwest Airlines Company (LUV)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 563,000 | 485,000 | 506,000 | 704,000 | 598,000 | -17,000 | 131,000 | 539,000 | 632,000 | 633,000 | 749,000 | 899,000 | 728,000 | 1,090,000 | 1,337,000 | 803,000 | 1,325,000 | -83,000 | -2,225,000 | -3,966,000 |
| Revenue (ttm) | US$ in thousands | 28,063,000 | 27,551,000 | 27,472,000 | 27,582,000 | 27,483,000 | 27,376,000 | 27,031,000 | 26,714,000 | 26,091,000 | 25,440,000 | 25,135,000 | 24,826,000 | 23,814,000 | 22,693,000 | 21,152,000 | 18,432,000 | 15,790,000 | 12,752,000 | 9,866,000 | 6,866,000 |
| Pretax margin | 2.01% | 1.76% | 1.84% | 2.55% | 2.18% | -0.06% | 0.48% | 2.02% | 2.42% | 2.49% | 2.98% | 3.62% | 3.06% | 4.80% | 6.32% | 4.36% | 8.39% | -0.65% | -22.55% | -57.76% |
December 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $563,000K ÷ $28,063,000K
= 2.01%
Peer comparison
Dec 31, 2025
Company name
Symbol
Pretax margin
Southwest Airlines Company
LUV
2.01%
Alaska Air Group Inc
ALK
1.03%
American Airlines Group
AAL
0.35%
Delta Air Lines Inc
DAL
9.76%
JetBlue Airways Corp
JBLU
-7.08%
SkyWest Inc
SKYW
14.44%
United Airlines Holdings Inc
UAL
7.29%