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Net Income at other companies

Delta Air Lines logo
Delta Air LinesDAL
$1.6B-24.7%
United Airlines Holdings logo
United Airlines HoldingsUAL
$699M+80.6%
Alaska Air Group logo
Alaska Air GroupALK
-$193M-16.3%
JetBlue Airways logo
JetBlue AirwaysJBLU
-$319M-53.4%
ALG
Allegiant TravelALGT
$42.48M+32.3%
Frontier Group Holdings, Inc. logo
Frontier Group Holdings, Inc.ULCC
-$272M-533%

Other financials

Income statement

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Revenue$7.2B+12.8%
Operating income$330.0M+248%
EPS (diluted)$0.45+273%

Balance sheet

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Cash & equivalents$3.3B-59.1%
Total debt$6.4B-20.0%
Total equity$6.9B-26.6%
Total assets$29.4B-11.6%

Cash flow

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Operating cash flow$1.4B+64.9%
CapEx$630.0M+19.5%
Free cash flow$788.0M+137%

Valuation

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Market cap$23.67B+22.2%
Enterprise value$26.74B+26.0%
P/E29×-20.4×
P/S0.8×+0.1×

Profitability

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Operating margin3.4%+1.6pp
Net margin2.8%+0.8pp
FCF margin-1.4%-0.4pp

Returns & leverage

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Return on equity10.1%+4.5pp
Debt / equity0.9×+0.1×
Current ratio0.5×-0.3×

Where this comes from

Reported directly by Southwest Airlines in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The official record: Southwest Airlines’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Southwest Airlines's net income?
Southwest Airlines (LUV) reported net income of $227M in Q1 2026.
How has Southwest Airlines's net income changed year-over-year?
Southwest Airlines's net income increased by 252.3% year-over-year, from -$149M to $227M.
What is the long-term trend for Southwest Airlines's net income?
Over 3 years (2021 to 2025), Southwest Airlines's net income has grown at a -38.4% compound annual growth rate (CAGR), from $1.89B to $441M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.