What is Southwest Airlines's tax effect?

Southwest Airlines (LUV) reported tax effect of $7.00M in Q1 2026.

What does tax effect mean?

The total tax impact of all items moved from equity reserves to the income statement.

Southwest Airlines Tax effect decreased by 22.2% to $7.00M in Q1 2026 compared to the prior quarter.

StatementIncome Statement

SectionOther

CategoryProfitability

SignalContext dependent

VolatilityModerate

First reportedQ2 2025

Last reportedQ1 2026Apr 23, 2026

Reflects the overall tax efficiency of the company's reclassification activities.

This represents the total income tax effect associated with all items reclassified from accumulated other comprehensive...

Standard GAAP reporting requirement for comprehensive income.

Metric ID: other_reclassification_from_aoci_current_period_tax

3 periods

	Q2 '25	Q3 '25	Q1 '26
Value	$9.00M	$9.00M	$7.00M
QoQ Change	—	+0.0%	-22.2%

Range$7.00M – $9.00M

What is Southwest Airlines's tax effect?: Southwest Airlines (LUV) reported tax effect of $7.00M in Q1 2026.
What does tax effect mean?: The total tax impact of all items moved from equity reserves to the income statement.