SOUTHWEST AIRLINES CO
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LUV Q2 2025 request
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/api/financials?ticker=LUV&year=2025&quarter=2
Pick an endpoint and run the request.Income Statement
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Revenue | 7,244 | 7,354 | -1.5% |
Show Product Lines breakouts |
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| Cargo And Freight | 44 | 45 | -2.2% |
| Passenger | 6,627 | 6,712 | -1.3% |
| Passenger ancillary sold separately | 309 | 273 | +13.2% |
| Passenger loyalty - air transportation | 870 | 895 | -2.8% |
| Passenger non-loyalty | 5,448 | 5,544 | -1.7% |
| Product And Service Other | 573 | 597 | -4.0% |
Show Type Of Arrangement breakouts |
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| Collaborative Arrangement Transaction With Party To Collaborative Arrangement | 567 | 556 | +2.0% |
| Operating Income | 225 | 398 | -43.5% |
| Non-Operating Income (Expense) | -55 | -80 | +31.2% |
| Interest Expense | 39 | 63 | -38.1% |
| Interest Income | -54 | -130 | +58.5% |
| Other Non-Operating Income (Expense) | -27 | -5 | -440.0% |
| Income Before Taxes | 280 | 478 | -41.4% |
| Income Tax Expense (Benefit) | 67 | 111 | -39.6% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Commodity Contract | 9 | — | — |
| Net Income | 213 | 367 | -42.0% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Commodity Contract | 27 | — | — |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Other Contract | 2 | — | — |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | 29 | — | — |
| Comprehensive Income | 202 | 359 | -43.7% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -11 | -8 | -37.5% |
| Retained Earnings | 213 | 367 | -42.0% |
| Other Comprehensive Income | -11 | -8 | -37.5% |
| EPS (Basic) | 0.4 | 0.61 | -34.4% |
| EPS (Diluted) | 0.39 | 0.58 | -32.8% |
| Wtd Avg Shares (Basic) | 538 | 599 | -10.2% |
| Wtd Avg Shares (Diluted) | 541 | 643 | -15.9% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | -12 | -10 | -20.0% |
| Depreciation And Amortization | 400 | 404 | -1.0% |
| Labor And Related Expense | 3,262 | 2,999 | +8.8% |
| Net Income Loss Available To Common Stockholders Basic | 213 | 372 | -42.7% |
Balance Sheet
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 3,475 | 8,142 | -57.3% |
| Short-Term Investments | 364 | 1,860 | -80.4% |
| Accounts Receivable | 60 | 67 | -10.4% |
| Prepaid Expenses & Other Current Assets | 467 | 619 | -24.6% |
| Total Current Assets | 6,092 | 12,751 | -52.2% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 19,401 | 19,665 | -1.3% |
| Operating Lease Right-of-Use Assets | 1,243 | 1,132 | +9.8% |
| Goodwill | 970 | 970 | 0.0% |
| Other Non-Current Assets | 1,006 | 1,045 | -3.7% |
| Total Assets | 28,712 | 35,563 | -19.3% |
| Current Liabilities | |||
| Accounts Payable | 1,811 | 2,028 | -10.7% |
| Accrued Liabilities | 2,040 | 1,870 | +9.1% |
| Deferred Revenue (Current) | 6,696 | 7,086 | -5.5% |
| Total Current Liabilities | 10,892 | 14,113 | -22.8% |
| Non-Current Liabilities | |||
| Long-Term Debt (Q) | — | — | — |
Show Debt Instrument breakouts |
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| 1.000% Payroll Support Program Loan due April 2031 · Unsecured Debt | 526 | 526 | 0.0% |
| 1.000% Payroll Support Program Loan due January 2031 · Unsecured Debt | 566 | — | — |
| 3.00% Notes · Unsecured Debt | 300 | 300 | 0.0% |
| 3.45% Notes · Unsecured Debt | 300 | 300 | 0.0% |
| 5.125% Notes · Unsecured Debt | 1,727 | 1,727 | 0.0% |
| 7.375% Debentures · Unsecured Debt | 106 | 109 | -2.8% |
| Unsecured Senior Notes Due 2030 [Member] · Unsecured Debt | 500 | 500 | 0.0% |
| Operating Lease Liabilities | 915 | 915 | 0.0% |
| Deferred Tax Liabilities | 2,186 | 2,089 | +4.6% |
| Other Non-Current Liabilities | 1,038 | 926 | +12.1% |
| Contract With Customer Liability Noncurrent | 1,600 | 1,990 | -19.6% |
| Stockholders' Equity | |||
| Common Stock | 888 | 888 | 0.0% |
| Retained Earnings | 16,199 | 16,218 | -0.1% |
| Accumulated Other Comprehensive Income | -35 | 11 | -418.2% |
| Total Stockholders' Equity | 8,000 | 10,465 | -23.6% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | 167 | — | — |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | -209 | — | — |
| Accumulated Other Comprehensive Income | -35 | 11 | -418.2% |
| Additional Paid In Capital | 4,247 | 4,151 | +2.3% |
| Common Stock | 888 | 888 | 0.0% |
| Other | -4 | — | — |
| Retained Earnings | 16,199 | 16,218 | -0.1% |
| Treasury Stock Common | -13,299 | -10,803 | -23.1% |
| Total Liabilities & Equity | 28,712 | 35,563 | -19.3% |
Cash Flow Statement
| Metric | YTD Q2 2025 | YTD Q2 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Change in Deferred Revenue | 55 | 798 | -93.1% |
| Net Cash from Operations | 1,261 | -128 | +1085.2% |
| Investing Activities | |||
| Net Cash from Investing | -259 | -791 | +67.3% |
| Financing Activities | |||
| Share Repurchases | -2,250 | — | — |
| Amortization of Financing Costs (YTD) | — | — | — |
Show Long-Term Debt Type breakouts |
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| Convertible Debt | 3 | 5 | -40.0% |
| Net Cash from Financing | -5,036 | -227 | -2118.5% |
| Supplemental | |||
| Interest Paid | 64 | 110 | -41.8% |
| Other Cash Flow | |||
| Net Change in Cash | -4,034 | -1,146 | -252.0% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.