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Southwest Airlines Co   (LUV)
Other Ticker:  
 
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation

Southwest Airlines Co 's ROE per quarter

Return on Equity, Quarterly Results, Trends, Rankings, Statistics


What is ROE for Southwest Airlines Co in the forth quarter 2023?
Southwest Airlines Co achieved a return on average equity (ROE) of 4.36 % in its forth quarter 2023, which is below Southwest Airlines Co 's average return on equity, which stands at 10.95%.

ROE decreased relative to the period ending , due to the decline in net income.

Within the Airline industry 3 other companies had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to 1159, from total ROE ranking in the third quarter 2023 at 1878.

What is ROE?



Return On Equity (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change -1.61 % 1.19 % -2.98 % -1.1 % -
Y / Y Net Income Change - -30.32 % -10.13 % - -
Net Income (TTM) in Millions 465 497 581 658 539
Return On Equity (TTM) 4.36 % 4.64 % 5.44 % 6.12 % 5 %
LUV's Total Ranking # 1159 # 1878 # 1883 # 1791 # 2057
Equity (TTM) in Millions 10,515 11,054 10,789 10,302 10,687
Seq. Equity Change -4.88 % 2.46 % 4.73 % -3.6 % -2.17 %
Seq. Net Income Change - -71.74 % - - -

Return On Equity Company Ranking
Within: No.
Industry # 4
Sector # 36
Overall # 1159

Return On Equity Statistics
High Average Low
38.79 %
10.95 %
-31.86 %
(Dec 31 2017)   (Dec 31 2020)





LUV Annual Return On Equity (Dec 31 2023)
2023
(Dec 31 2022)
2022
(Dec 31 2021)
2021
(Dec 31 2020)
2020
(Dec 31 2019)
2019
Total Equity in Millions 10,515 10,687 10,414 8,876 9,832
Y / Y Equity Change -1.61 % 2.62 % 17.33 % -9.72 % -0.21 %
Net Income in Millions 465 539 977 -3,074 2,300
Y / Y Net Income Change -13.73 % -44.83 % - - -6.69 %
Return On Equity 4.42 % 5.04 % 9.38 % -34.63 % 23.39 %





Annual Roe Comment
In 2023 ROE decreased compared to the previous year to 4.42 %, due to deterioration of net income.


More Return On Equity Ratios
Airline Industry Roe Trends and Statistics
Transportation Sector Return On Equity Statistics
LUV's' Return on Equity at Yahoo Finance
LUV's Roe Ratio versus Airline Industry, Transportation Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Roe for LUV's Competitors
Return On Equity for Southwest Airlines Co 's Suppliers
Roe for LUV's Customers




Companies with similar Return On Equity at Dec 31 2023, within Transportation Sector ROE
Star Bulk Carriers Corp   10.45 %
Trinity Industries Inc  10.07 %
Safe Bulkers Inc   9.76 %
Canadian Pacific Kansas City Ltd  9.50 %
Marten Transport Ltd  9.48 %
The Greenbrier Companies Inc   8.94 %
Schneider National Inc   8.10 %
Sfl Corporation Ltd   8.08 %
Westinghouse Air Brake Technologies Corporation  8.00 %
Pangaea Logistics Solutions Ltd   7.75 %
Werner Enterprises Inc   7.48 %
Pam Transportation Services Inc  5.92 %
Southwest Airlines Co   4.36 %
Eagle Bulk Shipping Inc   3.47 %
Knight swift Transportation Holdings Inc   3.04 %
Globus Maritime Limited  3.00 %
Skywest Inc  1.59 %


Date modified: 2024-02-07T10:02:19+00:00



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