Passenger loyalty - air transportation — Total operating revenues
Southwest Airlines Passenger loyalty - air transportation — Total operating revenues decreased by 12.2% to $688.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 14.0%, from $800.00M to $688.00M. Over 4 years (FY 2021 to FY 2025), Passenger loyalty - air transportation — Total operating revenues shows an upward trend with a 11.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests higher engagement with the loyalty program or more successful monetization of miles through credit card partnerships, while a decrease may indicate reduced program participation or lower demand for loyalty-linked financial products.
Detailed definition
This metric represents the total gross revenue generated specifically from the airline's passenger loyalty program, incl...
Peer comparison
Most major airlines report similar loyalty program revenues, often categorized as 'Other Revenue' or 'Loyalty Program Revenue,' which are typically high-margin compared to passenger ticket sales.
luv_segment_passenger_loyalty_air_transportation_total_operating_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $549.00M | $621.00M | $688.00M | $624.00M | $821.00M | $791.00M | $792.00M | $825.00M | $989.00M | $916.00M | $909.00M | $799.00M | $895.00M | $896.00M | $895.00M | $800.00M | $870.00M | $805.00M | $784.00M | $688.00M |
| QoQ Change | — | +13.1% | +10.8% | -9.3% | +31.6% | -3.7% | +0.1% | +4.2% | +19.9% | -7.4% | -0.8% | -12.1% | +12.0% | +0.1% | -0.1% | -10.6% | +8.8% | -7.5% | -2.6% | -12.2% |
| YoY Change | — | — | — | — | +49.5% | +27.4% | +15.1% | +32.2% | +20.5% | +15.8% | +14.8% | -3.2% | -9.5% | -2.2% | -1.5% | +0.1% | -2.8% | -10.2% | -12.4% | -14.0% |
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Frequently Asked Questions
- What is Southwest Airlines's passenger loyalty - air transportation — total operating revenues?
- Southwest Airlines (LUV) reported passenger loyalty - air transportation — total operating revenues of $688.00M in Q1 2026.
- How has Southwest Airlines's passenger loyalty - air transportation — total operating revenues changed year-over-year?
- Southwest Airlines's passenger loyalty - air transportation — total operating revenues decreased by 14.0% year-over-year, from $800.00M to $688.00M.
- What is the long-term trend for Southwest Airlines's passenger loyalty - air transportation — total operating revenues?
- Over 4 years (2021 to 2025), Southwest Airlines's passenger loyalty - air transportation — total operating revenues has grown at a 11.1% compound annual growth rate (CAGR), from $2.14B to $3.26B.
- What does passenger loyalty - air transportation — total operating revenues mean?
- The total revenue earned from the airline's frequent flyer and loyalty program activities.