Southwest Airlines LUV Operating margin

Operating margin at other companies

Delta Air LinesDAL

8.1%-1.3pp

United Airlines HoldingsUAL

7.7%-0.9pp

Alaska Air GroupALK

-1.5%-5.2pp

JetBlue AirwaysJBLU

-5.9%-15.3pp

ALG

Allegiant TravelALGT

2%+1.1pp

Frontier Group Holdings, Inc.ULCC

-4.1%-4.4pp

FAQ

What is Southwest Airlines's operating margin?

Southwest Airlines (LUV) reported operating margin of 3.5% in Q2 2026.

How has Southwest Airlines's operating margin changed year-over-year?

Southwest Airlines's operating margin increased by 199.1% year-over-year, from 1.2% to 3.5%.

What is the long-term trend for Southwest Airlines's operating margin?

Over 3 years (2020 to 2025), Southwest Airlines's operating margin has grown at a -66.9% compound annual growth rate (CAGR), from -42.2% to 1.5%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.