SOUTHWEST AIRLINES CO
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LUV Q3 2025 request
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/api/financials?ticker=LUV&year=2025&quarter=3
Pick an endpoint and run the request.Income Statement
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Revenue | 6,949 | 6,870 | +1.1% |
Show Product Lines breakouts |
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| Cargo And Freight | 42 | 43 | -2.3% |
| Passenger | 6,313 | 6,250 | +1.0% |
| Passenger ancillary sold separately | 612 | 262 | +133.6% |
| Passenger loyalty - air transportation | 805 | 896 | -10.2% |
| Passenger non-loyalty | 4,896 | 5,092 | -3.8% |
| Product And Service Other | 594 | 577 | +2.9% |
Show Type Of Arrangement breakouts |
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| Collaborative Arrangement Transaction With Party To Collaborative Arrangement | 723 | 538 | +34.4% |
| Operating Income | 35 | 38 | -7.9% |
| Non-Operating Income (Expense) | -33 | -51 | +35.3% |
| Interest Expense | 35 | 63 | -44.4% |
| Interest Income | -34 | -121 | +71.9% |
| Other Non-Operating Income (Expense) | -21 | 16 | -231.2% |
| Income Before Taxes | 68 | 89 | -23.6% |
| Income Tax Expense (Benefit) | 14 | 22 | -36.4% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Commodity Contract | 8 | — | — |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Other Contract | 1 | — | — |
| Net Income | 54 | 67 | -19.4% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Commodity Contract | 28 | — | — |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Other Contract | 1 | — | — |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | 29 | — | — |
| Comprehensive Income | 83 | 19 | +336.8% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 29 | -48 | +160.4% |
| Retained Earnings | 54 | 67 | -19.4% |
| Other Comprehensive Income | 29 | -48 | +160.4% |
| EPS (Basic) | 0.1 | 0.11 | -9.1% |
| EPS (Diluted) | 0.1 | 0.11 | -9.1% |
| Wtd Avg Shares (Basic) | 523 | 599 | -12.7% |
| Wtd Avg Shares (Diluted) | 526 | 601 | -12.5% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | 28 | -50 | +156.0% |
| Depreciation And Amortization | 394 | 438 | -10.0% |
| Labor And Related Expense | 3,219 | 3,070 | +4.9% |
| Net Income Loss Available To Common Stockholders Basic | 54 | 67 | -19.4% |
Balance Sheet
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 2,902 | 8,503 | -65.9% |
| Short-Term Investments | 116 | 879 | -86.8% |
| Accounts Receivable | 52 | 50 | +4.0% |
| Prepaid Expenses & Other Current Assets | 467 | 601 | -22.3% |
| Total Current Assets | 5,395 | 11,930 | -54.8% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 19,705 | 19,773 | -0.3% |
| Operating Lease Right-of-Use Assets | 1,169 | 1,101 | +6.2% |
| Goodwill | 970 | 970 | 0.0% |
| Other Non-Current Assets | 1,073 | 1,073 | 0.0% |
| Total Assets | 28,312 | 34,847 | -18.8% |
| Current Liabilities | |||
| Accounts Payable | 1,708 | 1,518 | +12.5% |
| Accrued Liabilities | 2,091 | 2,096 | -0.2% |
| Deferred Revenue (Current) | 6,862 | 6,743 | +1.8% |
| Total Current Liabilities | 10,994 | 13,489 | -18.5% |
| 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 | 105 | 108 | -2.8% |
| Unsecured Senior Notes Due 2030 [Member] · Unsecured Debt | 500 | 500 | 0.0% |
| Operating Lease Liabilities | 846 | 888 | -4.7% |
| Deferred Tax Liabilities | 2,210 | 2,094 | +5.5% |
| Other Non-Current Liabilities | 1,144 | 933 | +22.6% |
| Contract With Customer Liability Noncurrent | 1,263 | 1,957 | -35.5% |
| Stockholders' Equity | |||
| Common Stock | 888 | 888 | 0.0% |
| Retained Earnings | 16,158 | 16,178 | -0.1% |
| Accumulated Other Comprehensive Income | -6 | -37 | +83.8% |
| Total Stockholders' Equity | 7,776 | 10,411 | -25.3% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | 167 | 149 | +12.1% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | -173 | — | — |
| Accumulated Other Comprehensive Income | -6 | -37 | +83.8% |
| Additional Paid In Capital | 4,283 | 4,180 | +2.5% |
| Common Stock | 888 | 888 | 0.0% |
| Other | -2 | -9 | +77.8% |
| Retained Earnings | 16,158 | 16,178 | -0.1% |
| Treasury Stock Common | -13,547 | -10,798 | -25.5% |
| Total Liabilities & Equity | 28,312 | 34,847 | -18.8% |
Cash Flow Statement
| Metric | YTD Q3 2025 | YTD Q3 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Change in Deferred Revenue | -117 | 421 | -127.8% |
| Net Cash from Operations | 1,547 | -14 | +11150.0% |
| Investing Activities | |||
| Net Cash from Investing | -687 | -334 | -105.7% |
| Financing Activities | |||
| Share Repurchases | -2,500 | — | — |
| Amortization of Financing Costs (YTD) | — | — | — |
Show Long-Term Debt Type breakouts |
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| Convertible Debt | 3 | 8 | -62.5% |
| Net Cash from Financing | -5,467 | -437 | -1151.0% |
| Supplemental | |||
| Interest Paid | 67 | 124 | -46.0% |
| Other Cash Flow | |||
| Net Change in Cash | -4,607 | -785 | -486.9% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.