Freight — Total operating revenues
Southwest Airlines Freight — Total operating revenues remained flat by 0.0% to $44M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.3%, from $41M to $44M. Over 4 years (FY 2021 to FY 2025), Freight — Total operating revenues shows relatively stable performance with a -2.2% 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 air cargo services or improved capacity utilization, while a decrease may indicate reduced shipping volume or competitive pricing pressure in the logistics market.
Detailed definition
This metric represents the total gross revenue generated from the transportation of cargo and mail within the airline's...
Peer comparison
Most major passenger airlines report this as 'Cargo Revenue' or 'Freight and Mail Revenue,' and it is typically benchmarked against total system capacity and global air freight demand indices.
luv_segment_freight_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 | $50M | $47M | $47M | $42M | $47M | $44M | $44M | $41M | $47M | $44M | $44M | $42M | $45M | $43M | $44M | $41M | $44M | $42M | $44M | $44M |
| QoQ Change | — | -6.0% | +0.0% | -10.6% | +11.9% | -6.4% | +0.0% | -6.8% | +14.6% | -6.4% | +0.0% | -4.5% | +7.1% | -4.4% | +2.3% | -6.8% | +7.3% | -4.5% | +4.8% | +0.0% |
| YoY Change | — | — | — | — | -6.0% | -6.4% | -6.4% | -2.4% | +0.0% | +0.0% | +0.0% | +2.4% | -4.3% | -2.3% | +0.0% | -2.4% | -2.2% | -2.3% | +0.0% | +7.3% |
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Frequently Asked Questions
- What is Southwest Airlines's freight — total operating revenues?
- Southwest Airlines (LUV) reported freight — total operating revenues of $44M in Q1 2026.
- How has Southwest Airlines's freight — total operating revenues changed year-over-year?
- Southwest Airlines's freight — total operating revenues increased by 7.3% year-over-year, from $41M to $44M.
- What is the long-term trend for Southwest Airlines's freight — total operating revenues?
- Over 4 years (2021 to 2025), Southwest Airlines's freight — total operating revenues has grown at a -2.2% compound annual growth rate (CAGR), from $187M to $171M.
- What does freight — total operating revenues mean?
- The total revenue earned by the airline from shipping cargo and mail.