← SOUTHWEST AIRLINES CO

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Revenue $20.4b
$21.2b +3.65%
$22.0b +3.75%
$22.4b +2.11%
$9.0b -59.66%
$15.8b +74.51%
$23.8b +50.82%
$26.1b +9.56%
$27.5b +5.34%
$28.1b +2.11%
$30.1b +7.16%
Labor and Related Expense $6.8b $7.3b $7.6b $8.3b $6.8b $7.7b $9.4b $11.2b $12.2b $13.0b —
Amortization of Intangible Assets $17.0m $13.0m $16.0m $15.0m — — — — — — —
Operating Costs and Expenses $16.7b $17.7b $18.8b $19.5b $12.9b $14.1b $22.8b $25.9b $27.2b $27.6b —
Other operating expenses $2.5b $2.7b $2.9b $3.0b $1.9b $2.4b $3.7b $4.0b $4.1b $4.5b —
Operating Expenses $16.7b $17.7b $18.8b $19.5b $12.9b $14.1b $22.8b $25.9b $27.2b $27.6b $29.0b
Total non-operating expenses (income) $213.0m $264.0m $42.0m $0 $440.0m $396.0m $289.0m ($409.0m) ($277.0m) ($135.0m) —
Operating Income (Loss) $3.8b
$3.5b -6.52%
$3.2b -8.79%
$3.0b -7.77%
($3.8b) -229.05%
$1.7b +145.10%
$1.0b -40.91%
$224.0m -77.97%
$321.0m +43.30%
$428.0m +33.33%
$1.0b +143.22%
Interest Expense $122.0m $114.0m $131.0m $118.0m $349.0m $467.0m $340.0m $259.0m $249.0m $167.0m $145.0m
Interest income ($24.0m) ($35.0m) ($69.0m) ($90.0m) ($32.0m) ($13.0m) ($217.0m) ($583.0m) ($497.0m) ($205.0m) $124.0m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement $0 — — $2.0m $0 $0 $2.0m $10.0m — — —
Other Nonoperating Income (Expense) ($162.0m) ($234.0m) ($18.0m) ($8.0m) ($158.0m) $22.0m ($12.0m) $62.0m ($4.0m) $43.0m —
INCOME BEFORE INCOME TAXES $3.5b $3.3b $3.2b $3.0b ($4.3b) $1.3b $728.0m $633.0m $598.0m $563.0m $1.1b
Current Income Tax Expense (Benefit) $847.0m $976.0m $398.0m $712.0m ($466.0m) $368.0m ($39.0m) $9.0m $1.0m $0 $230.0m
Income Tax Expense (Benefit) $1.3b ($237.0m) $699.0m $657.0m ($1.2b) $348.0m $189.0m $168.0m $133.0m $122.0m $230.0m
Net Income (Loss) Attributable to Parent $2.2b
$3.5b +55.44%
$2.5b -29.33%
$2.3b -6.69%
($3.1b) -233.65%
$977.0m +131.78%
$539.0m -44.83%
$465.0m -13.73%
$465.0m 0.00%
$441.0m -5.16%
$838.0m +90.02%
Net Income (Loss) Available to Common Stockholders, Basic $2.2b
$3.5b +55.44%
$2.5b -29.33%
$2.3b -6.69%
($3.1b) -233.65%
$977.0m +131.78%
($3.1b) -414.64%
$484.0m +115.74%
$485.0m +0.21%
$442.0m -8.87%
$838.0m +89.59%
Earnings Per Share, Basic $3.58 $5.80 $4.30 $4.28 ($5.44) $1.65 $0.91 $0.78 $0.78 $0.82 $1.64
Earnings Per Share, Diluted $3.55 $5.79 $4.29 $4.27 ($5.44) $1.61 $0.87 $0.76 $0.76 $0.79 $1.60
Common Stock, Dividends, Per Share, Declared $0.38 $0.47 $0.00 $0.00 $0.00 $0.00 $0.00 $0.72 $0.72 $0.72 —
Weighted Average Number of Shares Outstanding, Basic 627.0m 601.0m 573.0m 538.0m 565.0m 592.0m 593.0m 595.0m 598.0m 540.0m 506.5m
Weighted Average Number of Shares Outstanding, Diluted 633.0m 603.0m 574.0m 539.0m 565.0m 609.0m 642.0m 640.0m 643.0m 558.0m 525.0m
Additional Financial Items
Capitalized Computer Software, Amortization $111.0m $168.0m $155.0m $177.0m $203.0m $213.0m $232.0m $246.0m $271.0m $318.0m —
Capitalized interest ($47.0m) ($49.0m) ($38.0m) ($36.0m) ($35.0m) ($36.0m) ($39.0m) ($23.0m) ($35.0m) ($54.0m) —
Depreciation and amortization $1.2b $1.2b $1.2b $1.2b $1.3b $1.3b $1.4b $1.5b $1.7b $1.6b —
Fuel Costs $3.6b $3.9b $4.6b $4.3b $1.8b $3.3b $6.0b $6.2b $5.8b $5.2b —
Fuel and oil $3.6b $3.9b $4.6b $4.3b $1.8b $3.3b $6.0b $6.2b $5.8b $5.2b —
Goodwill, Impairment Loss — — — — $0 — — — — — —
Landing fees and airport rentals $1.2b $1.3b $1.3b $1.4b $1.2b $1.5b $1.5b $1.8b $2.0b $2.2b —
Maintenance materials and repairs $1.0b $1.0b $1.1b $1.2b $750.0m $854.0m $852.0m $1.2b $1.4b $1.2b —
Other (gains) losses, net $162.0m $234.0m ($18.0m) $8.0m ($158.0m) $22.0m ($12.0m) $62.0m $4.0m ($43.0m) —
Other Cost and Expense, Operating $2.5b $2.7b $2.9b $3.0b $1.9b $2.4b $3.7b $4.0b $4.1b $4.5b —
Salaries, wages, and benefits $6.8b $7.3b $7.6b $8.3b $6.8b $7.7b $9.4b $11.2b $12.2b $13.0b —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.