Southwest Airlines LUV Passenger loyalty - air transportation — Total operating revenues

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Questions, answered.

What is Southwest Airlines's passenger loyalty - air transportation — total operating revenues?

Southwest Airlines (LUV) reported passenger loyalty - air transportation — total operating revenues of $688M 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 $800M to $688M.

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?

This metric represents the total gross revenue generated specifically from the airline's passenger loyalty program, including activities such as the sale of frequent flyer miles to co-branded credit card partners and other loyalty-related service fees. It serves as a key indicator of the financial contribution of the airline's customer retention and engagement ecosystem. By isolating this revenue stream, investors can assess the monetization power of the loyalty program independent of core flight operations.