SOUTHWEST AIRLINES CO
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LUV Q1 2026 request
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/api/financials?ticker=LUV&year=2026&quarter=1
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| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 7,249 | 6,428 | +12.8% |
Show Product Lines breakouts |
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| Cargo And Freight | 44 | 41 | +7.3% |
| Loyalty program | 557 | 544 | +2.4% |
| Other | 57 | 32 | +78.1% |
| Passenger | 6,591 | 5,811 | +13.4% |
| Passenger ancillary sold separately | 715 | 245 | +191.8% |
| Passenger loyalty - air transportation | 688 | 800 | -14.0% |
| Passenger non-loyalty | 5,188 | 4,766 | +8.9% |
| Product And Service Other | 614 | 576 | +6.6% |
| Operating Income | 330 | -223 | +248.0% |
| Non-Operating Income (Expense) | 45 | -31 | +245.2% |
| Interest Expense | 54 | 46 | +17.4% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Other Contract | -1 | — | — |
| Interest Income | -23 | -84 | +72.6% |
| Other Non-Operating Income (Expense) | 26 | 18 | +44.4% |
| Income Before Taxes | 285 | -192 | +248.4% |
| Income Tax Expense (Benefit) | 58 | -43 | +234.9% |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Commodity Contract | 7 | — | — |
| Net Income | 227 | -149 | +252.3% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Commodity Contract | 22 | — | — |
| 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 | 23 | — | — |
| Comprehensive Income | 250 | -148 | +268.9% |
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| Accumulated Other Comprehensive Income | 23 | 1 | +2200.0% |
| Retained Earnings | 227 | -149 | +252.3% |
| Other Comprehensive Income | 23 | 1 | +2200.0% |
| EPS (Basic) | 0.45 | -0.26 | +273.1% |
| EPS (Diluted) | 0.45 | -0.26 | +273.1% |
| Wtd Avg Shares (Basic) | 498 | 584 | -14.7% |
| Wtd Avg Shares (Diluted) | 503 | 584 | -13.9% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | 22 | — | — |
| Depreciation And Amortization | 398 | 396 | +0.5% |
| Labor And Related Expense | 3,297 | 3,102 | +6.3% |
| Net Income Loss Available To Common Stockholders Basic | 227 | -149 | +252.3% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 3,328 | 8,134 | -59.1% |
| Accounts Receivable | 171 | 47 | +263.8% |
| Prepaid Expenses & Other Current Assets | 554 | 618 | -10.4% |
| Total Current Assets | 5,969 | 10,734 | -44.4% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 20,376 | 19,157 | +6.4% |
| Operating Lease Right-of-Use Assets | 1,019 | 1,303 | -21.8% |
| Goodwill | 970 | 970 | 0.0% |
| Other Non-Current Assets | 1,021 | 1,048 | -2.6% |
| Total Assets | 29,355 | 33,212 | -11.6% |
| Current Liabilities | |||
| Accounts Payable | 2,114 | 1,925 | +9.8% |
| Accrued Liabilities | 2,170 | 1,978 | +9.7% |
| Deferred Revenue (Current) | 7,049 | 7,059 | -0.1% |
| Total Current Liabilities | 12,484 | 13,901 | -10.2% |
| 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 | 426 | — | — |
| 2.625% Notes · Unsecured Debt | 500 | — | — |
| 3.000% Notes · Unsecured Debt | 300 | — | — |
| 3.450% Notes · Unsecured Debt | 300 | — | — |
| 4.375% Notes · Unsecured Debt | 750 | — | — |
| 5.125% Notes · Unsecured Debt | 1,727 | — | — |
| 5.250 Notes due 2035 · Unsecured Debt | 730 | — | — |
| 7.375% Debentures · Unsecured Debt | 103 | — | — |
| Term Loan Credit Facility · Unsecured Debt | 500 | — | — |
| Operating Lease Liabilities | 709 | 970 | -26.9% |
| Deferred Tax Liabilities | 2,353 | 2,124 | +10.8% |
| Other Non-Current Liabilities | 1,197 | 923 | +29.7% |
| Contract With Customer Liability Noncurrent | 1,201 | 1,843 | -34.8% |
| Stockholders' Equity | |||
| Common Stock | 888 | 888 | 0.0% |
| Retained Earnings | 16,526 | 16,080 | +2.8% |
| Accumulated Other Comprehensive Income | -1 | -24 | +95.8% |
| Total Stockholders' Equity | 6,875 | 9,365 | -26.6% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | 106 | — | — |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | -108 | — | — |
| Accumulated Other Comprehensive Income | -1 | -24 | +95.8% |
| Additional Paid In Capital | 4,260 | 4,210 | +1.2% |
| Common Stock | 888 | 888 | 0.0% |
| Retained Earnings | 16,526 | 16,080 | +2.8% |
| Treasury Stock Common | -14,798 | -11,789 | -25.5% |
| Total Liabilities & Equity | 29,355 | 33,212 | -11.6% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Change in Deferred Revenue | 1,086 | 660 | +64.5% |
| Net Cash from Operations | 1,418 | 860 | +64.9% |
| Investing Activities | |||
| Net Cash from Investing | -445 | 623 | -171.4% |
| Financing Activities | |||
| Share Repurchases | -1,250 | -750 | -66.7% |
| Net Cash from Financing | -876 | -858 | -2.1% |
| Supplemental | |||
| Interest Paid | 1 | 11 | -90.9% |
| Other Cash Flow | |||
| Net Change in Cash | 97 | 625 | -84.5% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.