Southwest Airlines Past Earnings Performance

Past criteria checks 0/6

Southwest Airlines's earnings have been declining at an average annual rate of -21.8%, while the Airlines industry saw earnings declining at 4% annually. Revenues have been growing at an average rate of 4.8% per year. Southwest Airlines's return on equity is 4.4%, and it has net margins of 1.8%.

Key information

-21.8%

Earnings growth rate

-23.2%

EPS growth rate

Airlines Industry Growth0.09%
Revenue growth rate4.8%
Return on equity4.4%
Net Margin1.8%
Next Earnings Update25 Apr 2024

Recent past performance updates

Southwest Airlines' (NYSE:LUV) Conservative Accounting Might Explain Soft Earnings

Feb 13
Southwest Airlines' (NYSE:LUV) Conservative Accounting Might Explain Soft Earnings

Recent updates

Here's Why Southwest Airlines (NYSE:LUV) Has A Meaningful Debt Burden

Apr 02
Here's Why Southwest Airlines (NYSE:LUV) Has A Meaningful Debt Burden

Southwest Airlines: Maintain Hold Amid Higher Costs And Boeing Turmoil

Mar 13

The Returns On Capital At Southwest Airlines (NYSE:LUV) Don't Inspire Confidence

Mar 02
The Returns On Capital At Southwest Airlines (NYSE:LUV) Don't Inspire Confidence

Southwest Airlines' (NYSE:LUV) Conservative Accounting Might Explain Soft Earnings

Feb 13
Southwest Airlines' (NYSE:LUV) Conservative Accounting Might Explain Soft Earnings

Southwest Airlines' (NYSE:LUV) Dividend Will Be $0.18

Feb 09
Southwest Airlines' (NYSE:LUV) Dividend Will Be $0.18

Southwest Airlines: Risking Going From One Extreme To The Other

Feb 02

Is Now The Time To Look At Buying Southwest Airlines Co. (NYSE:LUV)?

Feb 01
Is Now The Time To Look At Buying Southwest Airlines Co. (NYSE:LUV)?

Here's The Price I'll Buy Southwest Airlines Stock

Jan 23

Southwest Airlines Co.'s (NYSE:LUV) P/E Is On The Mark

Jan 02
Southwest Airlines Co.'s (NYSE:LUV) P/E Is On The Mark

Love Southwest Airlines, But Not At This Price

Dec 29

Here's Why Southwest Airlines (NYSE:LUV) Has A Meaningful Debt Burden

Dec 18
Here's Why Southwest Airlines (NYSE:LUV) Has A Meaningful Debt Burden

Southwest Airlines: Assessing The Holiday Season's Flight Path

Dec 14

Southwest Airlines: Another Possible Holiday Disaster As Possible Pilot Strike Looms?

Nov 20

There Are Reasons To Feel Uneasy About Southwest Airlines' (NYSE:LUV) Returns On Capital

Nov 15
There Are Reasons To Feel Uneasy About Southwest Airlines' (NYSE:LUV) Returns On Capital

Southwest Airlines: More Pain To Come?

Nov 07

Is Now The Time To Look At Buying Southwest Airlines Co. (NYSE:LUV)?

Oct 31
Is Now The Time To Look At Buying Southwest Airlines Co. (NYSE:LUV)?

Southwest Airlines Gets Neutral Rating As Earnings Turbulence Roars Over Soaring Revenue

Oct 22

Southwest Airlines Suffers Through Its Annus Horribilis (Rating Upgrade)

Sep 26

Southwest Airlines: Up To 80% Undervalued If It Weren't For Macro Challenges

Sep 19

These 4 Measures Indicate That Southwest Airlines (NYSE:LUV) Is Using Debt Extensively

Sep 12
These 4 Measures Indicate That Southwest Airlines (NYSE:LUV) Is Using Debt Extensively

Southwest Airlines: Losing Its 'Operational Premium' Compared To Larger Peers

Aug 26

Southwest Airlines' (NYSE:LUV) Returns On Capital Not Reflecting Well On The Business

Aug 09
Southwest Airlines' (NYSE:LUV) Returns On Capital Not Reflecting Well On The Business

Not Loving Southwest As An Income Investor

Aug 08

Southwest Airlines Has Clipped Wings Ahead Of Q2 Earnings

Jul 26

At US$37.20, Is Southwest Airlines Co. (NYSE:LUV) Worth Looking At Closely?

Jul 25
At US$37.20, Is Southwest Airlines Co. (NYSE:LUV) Worth Looking At Closely?

Southwest: Hold For Short Run, Buy For Long Term

Jul 06

Southwest Airlines: Remains A Top Pick On Resilience And Adaptability

Jun 27

Southwest Airlines: Time To Show Some Love For LUV

Jun 09

Southwest Airlines (NYSE:LUV) Has A Pretty Healthy Balance Sheet

Jun 04
Southwest Airlines (NYSE:LUV) Has A Pretty Healthy Balance Sheet

Is Southwest Airlines Co. (NYSE:LUV) Trading At A 46% Discount?

May 08
Is Southwest Airlines Co. (NYSE:LUV) Trading At A 46% Discount?

Is It Too Late To Consider Buying Southwest Airlines Co. (NYSE:LUV)?

Apr 24
Is It Too Late To Consider Buying Southwest Airlines Co. (NYSE:LUV)?

Some Investors May Be Worried About Southwest Airlines' (NYSE:LUV) Returns On Capital

Mar 27
Some Investors May Be Worried About Southwest Airlines' (NYSE:LUV) Returns On Capital

Southwest Airlines: Weighing The Rewards Against The Risks

Feb 21

We Think Southwest Airlines (NYSE:LUV) Is Taking Some Risk With Its Debt

Feb 10
We Think Southwest Airlines (NYSE:LUV) Is Taking Some Risk With Its Debt

Is Southwest Airlines A Good Investment After Its Epic Holiday Meltdown?

Jan 31

Is Southwest Airlines Co. (NYSE:LUV) Trading At A 40% Discount?

Jan 29
Is Southwest Airlines Co. (NYSE:LUV) Trading At A 40% Discount?

Southwest Airlines: No Strike Meltdown

Jan 20

Should You Think About Buying Southwest Airlines Co. (NYSE:LUV) Now?

Jan 17
Should You Think About Buying Southwest Airlines Co. (NYSE:LUV) Now?

Southwest reaches new agreement with unions for its flight instructors and technicians

Jan 13

Southwest Airlines (NYSE:LUV) May Have Issues Allocating Its Capital

Dec 21
Southwest Airlines (NYSE:LUV) May Have Issues Allocating Its Capital

Southwest Airlines reinstates quarterly dividend of $0.18, payable in January 2023

Dec 07

Southwest Airlines May Take A Back Seat To The Legacy Carriers

Oct 24

At US$32.43, Is Southwest Airlines Co. (NYSE:LUV) Worth Looking At Closely?

Oct 14
At US$32.43, Is Southwest Airlines Co. (NYSE:LUV) Worth Looking At Closely?

Southwest Airlines (NYSE:LUV) Seems To Use Debt Quite Sensibly

Sep 29
Southwest Airlines (NYSE:LUV) Seems To Use Debt Quite Sensibly

Revenue & Expenses Breakdown
Beta

How Southwest Airlines makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:LUV Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2326,0914652660
30 Sep 2325,4404972260
30 Jun 2325,1355812260
31 Mar 2324,8266582260
31 Dec 2223,8145392240
30 Sep 2222,6938271860
30 Jun 2221,1529961860
31 Mar 2218,4325831860
31 Dec 2115,7909771850
30 Sep 2112,75211570
30 Jun 219,866-1,6021570
31 Mar 216,866-2,8641570
31 Dec 209,048-3,0741570
30 Sep 2012,765-1,6532160
30 Jun 2016,6111632160
31 Mar 2021,5131,8192160
31 Dec 1922,4282,3002160
30 Sep 1922,4022,4412270
30 Jun 1922,3382,3982270
31 Mar 1922,1702,3892270
31 Dec 1821,9652,4652150
30 Sep 1821,5193,5582380
30 Jun 1821,2473,4702380
31 Mar 1821,2363,4812380
31 Dec 1721,1463,3572380
30 Sep 1720,9632,1322320
30 Jun 1720,8001,9932320
31 Mar 1720,4532,0702320
31 Dec 1620,2892,1832440
30 Sep 1620,3272,2582180
30 Jun 1620,3332,4532180
31 Mar 1620,0602,2412180
31 Dec 1519,6482,1812180
30 Sep 1519,2991,8352070
30 Jun 1518,9521,5802070
31 Mar 1518,8531,4372070
31 Dec 1418,6051,1362070
30 Sep 1418,4051,1582080
30 Jun 1418,1501,0882080
31 Mar 1417,7818472080
31 Dec 1317,6997542080
30 Sep 1317,4446202230
30 Jun 1317,2093772230

Quality Earnings: LUV has a large one-off loss of $636.0M impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: LUV's current net profit margins (1.8%) are lower than last year (2.3%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: LUV's earnings have declined by 21.8% per year over the past 5 years.

Accelerating Growth: LUV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LUV had negative earnings growth (-13.7%) over the past year, making it difficult to compare to the Airlines industry average (209.8%).


Return on Equity

High ROE: LUV's Return on Equity (4.4%) is considered low.


Return on Assets


Return on Capital Employed


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