Products & Services · Total operating revenues

Passenger — Total operating revenues

Southwest Airlines Passenger — Total operating revenues decreased by 2.8% to $6.59B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.4%, from $5.81B to $6.59B. Over 4 years (FY 2021 to FY 2025), Passenger — Total operating revenues shows an upward trend with a 16.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2016
Last reportedQ1 2026Apr 23, 2026
Rolls up toTotal Revenue

How to read this metric

An increase indicates higher passenger demand, successful yield management, or expanded capacity, while a decrease suggests weakening demand, competitive pricing pressure, or reduced flight operations.

Detailed definition

This metric represents the total gross revenue generated specifically from the airline's passenger transportation servic...

Peer comparison

This is a standard industry metric for all commercial airlines, typically compared against peers based on Revenue Passenger Miles (RPM) or Available Seat Miles (ASM) to normalize for scale.

Metric ID: luv_segment_passenger_total_operating_revenues

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$3.57B$4.23B$4.56B$4.14B$6.12B$5.61B$5.54B$5.11B$6.41B$5.91B$6.21B$5.71B$6.71B$6.25B$6.31B$5.81B$6.63B$6.31B$6.78B$6.59B
QoQ Change+18.4%+7.8%-9.3%+48.0%-8.3%-1.3%-7.9%+25.5%-7.8%+5.1%-8.0%+17.5%-6.9%+0.9%-7.9%+14.0%-4.7%+7.5%-2.8%
YoY Change+71.4%+32.8%+21.6%+23.5%+4.7%+5.3%+12.1%+11.9%+4.7%+5.7%+1.5%+1.7%-1.3%+1.0%+7.6%+13.4%
Range$3.57B$6.78B
CAGR+13.8%
Avg YoY Growth+13.6%
Median YoY Growth+6.6%

Frequently Asked Questions

What is Southwest Airlines's passenger — total operating revenues?
Southwest Airlines (LUV) reported passenger — total operating revenues of $6.59B in Q1 2026.
How has Southwest Airlines's passenger — total operating revenues changed year-over-year?
Southwest Airlines's passenger — total operating revenues increased by 13.4% year-over-year, from $5.81B to $6.59B.
What is the long-term trend for Southwest Airlines's passenger — total operating revenues?
Over 4 years (2021 to 2025), Southwest Airlines's passenger — total operating revenues has grown at a 16.1% compound annual growth rate (CAGR), from $14.07B to $25.54B.
What does passenger — total operating revenues mean?
The total amount of money earned from selling airline tickets and related passenger services.