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Southwest Airlines revenue
Southwest Airlines's revenue is $27.5 billion.
What is Southwest Airlines's revenue?
- Southwest Airlines's revenue growth from 2002 to 2024 is 397.7%.
- Southwest Airlines has 58,803 employees, and the revenue per employee ratio is $467,374.
- Southwest Airlines's peak quarterly revenue was $7.4B in 2024(q2).
- Southwest Airlines peak revenue was $27.5B in 2024.
- Southwest Airlines annual revenue for 2023 was 26.1B, 9.56% growth from 2022.
- Southwest Airlines annual revenue for 2024 was 27.5B, 5.34% growth from 2023.
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Southwest Airlines historical revenue
Southwest Airlines's peak revenue was $27.5B in 2024. The peak quarterly revenue was $7.4B in 2024(q2).
Southwest Airlines's revenue increased from $5.5b in 2002 to $27.5B currently. That's a 397.7% change in annual revenue.
Southwest Airlines annual revenue
Southwest Airlines annual revenue over time
| Fiscal year / year | Southwest Airlines revenue |
|---|---|
| 2009 | $10.4B |
| 2010 | $12.1B |
| 2011 | $15.7B |
| 2012 | $17.1B |
| 2013 | $17.7B |
| 2014 | $18.6B |
| 2015 | $19.8B |
| 2016 | $20.4B |
| 2017 | $21.1B |
| 2018 | $22.0B |
| 2019 | $22.4B |
| 2020 | $9.0B |
| 2021 | $15.8B |
| 2022 | $23.8B |
| 2023 | $26.1B |
| 2024 | $27.5B |
How accurately did Southwest Airlines' revenue projections match actual performance?
Southwest Airlines annual growth
Southwest Airlines saw the greatest revenue growth in 2021, when revenue increased by 74.51%.
Southwest Airlines had the lowest revenue growth in 2020, when revenue changed by -59.66%.
Southwest Airlines annual growth rate over time
| Year | Southwest Airlines growth |
|---|---|
| 2009 | -6%↓ |
| 2010 | 17%↑ |
| 2011 | 29%↑ |
| 2012 | 9%↑ |
| 2013 | 4%↑ |
| 2014 | 5%↑ |
| 2015 | 7%↑ |
| 2016 | 3%↑ |
| 2017 | 4%↑ |
| 2018 | 4%↑ |
| 2019 | 2%↑ |
| 2020 | -60%↓ |
| 2021 | 75%↑ |
| 2022 | 51%↑ |
| 2023 | 10%↑ |
| 2024 | 5%↑ |
Southwest Airlines quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Southwest Airlines quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2009 | $2.4B | $2.6B | $2.7B | $2.7B |
| 2010 | $2.6B | $3.2B | $3.2B | $3.1B |
| 2011 | $3.1B | $4.1B | $4.3B | $4.1B |
| 2012 | $4.0B | $4.6B | $4.3B | $4.2B |
| 2013 | $4.1B | $4.6B | $4.5B | $4.4B |
| 2014 | $4.2B | $5.0B | $4.8B | $4.6B |
| 2015 | $4.4B | $5.1B | $5.3B | $5.0B |
| 2016 | $4.8B | $5.4B | $5.1B | $5.1B |
| 2017 | $4.9B | $5.7B | $5.3B | $5.3B |
| 2018 | $4.9B | $5.7B | $5.6B | $5.7B |
| 2019 | $5.1B | $5.9B | $5.6B | $5.7B |
| 2020 | $4.2B | $1.0B | $1.8B | $2.0B |
| 2021 | $2.1B | $4.0B | $4.7B | $5.1B |
| 2022 | $4.7B | $6.7B | $6.2B | $6.2B |
| 2023 | $5.7B | $7.0B | $6.5B | $6.8B |
| 2024 | $6.3B | $7.4B | $6.9B | $6.9B |
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Did Southwest Airlines meet its revenue projections?
Southwest Airlines financial information
| CEO | Robert E. Jordan |
| Industry | Transportation |
| Company Type | Public |
| Employees Number | 58,803 |
| Date Founded | 1967 |
| Headquarters | Dallas, Texas |
| Number of Locations | 4 |
| Revenue | $27.5B |
| Net Income | $539,000,000 |
| Gross Proft | $6.1B (2024) |
| EBITDA | $2.0B (2024) |
| PE Ratio | 66.04 |
| Tax Rate | 0.2% |
| Market Capitalization | $30.7B |
| Total Assets | $35,369,000,000 |
| Ticker | LUV |
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Southwest Airlines competitors
Southwest Airlines's top competitor, Delta Air Lines, earned an annual revenue of $61.6B.
Southwest Airlines's smallest competitor is Envoy Aviation Group Inc. with revenue of $14.3M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Delta Air Lines | $36,132 | $61.6B | 86,564 | 257 |
| Spirit Airlines | $35,182 | $4.9B | 10,000 | 17 |
| Mesa Airlines | $39,822 | $498.1M | 2,500 | 35 |
| ExpressJet Airlines | $38,680 | - | 3,000 | - |
| Continental Airlines | $37,204 | $2.7B | 10,001 | - |
| Alaska Airlines | $34,113 | $10.4B | 23,376 | 105 |
| PSA Airlines | $46,385 | $1.5B | 5,000 | 129 |
| JetBlue Airways | $40,061 | $9.3B | 22,000 | 32 |
| Air Wisconsin Airlines | $34,864 | $530.0M | 1,500 | 11 |
| Airtran Airways | $31,775 | $2.6B | 8,330 | - |
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Zippia gives an in-depth look into the details of Southwest Airlines, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Southwest Airlines. The employee data is based on information from people who have self-reported their past or current employments at Southwest Airlines. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Southwest Airlines. The data presented on this page does not represent the view of Southwest Airlines and its employees or that of Zippia.
Southwest Airlines may also be known as or be related to Southwest, Southwest Airlines, Southwest Airlines Co and Southwest Airlines Co.