Passenger non-loyalty — Total operating revenues
Southwest Airlines Passenger non-loyalty — Total operating revenues decreased by 2.7% to $5.19B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.9%, from $4.77B to $5.19B. Over 4 years (FY 2021 to FY 2025), Passenger non-loyalty — Total operating revenues shows an upward trend with a 15.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests higher demand for core flight services or successful pricing strategies, while a decrease may indicate weakening leisure travel demand or increased competitive pressure on base fares.
Detailed definition
This metric represents the total revenue generated from passenger air travel services excluding any income derived from...
Peer comparison
Most major airlines report this as 'Passenger Revenue' or 'Scheduled Service Revenue,' though peers may include loyalty-related revenue in their primary passenger figures, requiring adjustments for direct comparison.
luv_segment_passenger_non_loyalty_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 | $2.88B | $3.44B | $3.71B | $3.36B | $5.12B | $4.63B | $4.53B | $4.08B | $5.18B | $4.76B | $5.05B | $4.68B | $5.54B | $5.09B | $5.15B | $4.77B | $5.45B | $4.90B | $5.33B | $5.19B |
| QoQ Change | — | +19.8% | +7.6% | -9.2% | +52.1% | -9.5% | -2.1% | -9.9% | +27.0% | -8.2% | +6.1% | -7.3% | +18.5% | -8.2% | +1.2% | -7.5% | +14.3% | -10.1% | +8.9% | -2.7% |
| YoY Change | — | — | — | — | +78.0% | +34.5% | +22.3% | +21.3% | +1.3% | +2.8% | +11.4% | +14.6% | +7.0% | +7.0% | +2.0% | +1.8% | -1.7% | -3.8% | +3.5% | +8.9% |
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Frequently Asked Questions
- What is Southwest Airlines's passenger non-loyalty — total operating revenues?
- Southwest Airlines (LUV) reported passenger non-loyalty — total operating revenues of $5.19B in Q1 2026.
- How has Southwest Airlines's passenger non-loyalty — total operating revenues changed year-over-year?
- Southwest Airlines's passenger non-loyalty — total operating revenues increased by 8.9% year-over-year, from $4.77B to $5.19B.
- What is the long-term trend for Southwest Airlines's passenger non-loyalty — total operating revenues?
- Over 4 years (2021 to 2025), Southwest Airlines's passenger non-loyalty — total operating revenues has grown at a 15.8% compound annual growth rate (CAGR), from $11.38B to $20.44B.
- What does passenger non-loyalty — total operating revenues mean?
- The total revenue earned from selling flight tickets and related travel services, excluding all income from loyalty programs.