SOUTHWEST AIRLINES CO

LUV · XNYS

CIK 92380fmd_17ZH9C1WCKZYAQHH1QSKCCGCVGTransportation, Communications, Electric, Gas and Sanitary Services · Air Transportation, ScheduledTemplate: Standard

Coverage: Jan 01, 2007 to Sep 30, 2026, 76 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	20,289	21,146	21,965	22,428	9,048	15,790	23,814	26,091	27,483	28,063
Total operating expenses	16,767	17,739	18,759	19,471	–	–	–	–	–	–
Compensation and benefits	6,786	7,305	7,649	8,293	6,811	7,743	9,376	11,152	12,240	12,963
Operating income	3,522	3,407	3,206	2,957	(3,816)	1,721	1,017	224	321	428
Interest expense	122	114	131	118	–	–	340	259	249	167
Interest and investment income	24	35	69	90	32	13	217	583	497	205
Other non-operating income (expense)	(72)	(142)	(42)	0	(440)	(396)	(289)	409	277	135
Income before taxes	3,450	3,265	3,164	2,957	(4,256)	1,325	728	633	598	563
Income tax expense	1,267	(92)	699	657	(1,182)	348	189	168	133	122
Net income from continuing operations	2,183	3,357	2,465	2,300	(3,074)	977	539	465	465	441
Net income	2,183	3,357	2,465	2,300	(3,074)	977	539	465	465	441
Net income to common shareholders	2,185	3,357	2,465	–	–	977	561	484	485	442