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


Southwest Airlines Co 's Gross Profit Margin by quarter

Trends, Rankings, Statistics



LUV Gross Profit Margin (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 Revenue Change 10.55 % 4.9 % 4.59 % 21.56 % 22.19 %
Seq. Revenue Change 4.57 % -7.28 % 23.33 % -7.55 % -0.77 %
Revenue In Millions $6,823.00 $6,525.00 $7,037.00 $5,706.00 $6,172.00
Gross Profit Margin 93.18 % 93 % 93.48 % 92.85 % -
Gross Profit Margin Total Ranking # 571 # 1001 # 1081 # 1139 # 220
Gross Profit In Millions $6,358.00 $6,068.00 $6,578.00 $5,298.00 $8,433.00
Y / Y Gross Profit Change -24.61 % 4.17 % 39.84 % 58.43 % -
Seq. Gross Profit Change 4.78 % -7.75 % 24.16 % -37.18 % -


Commenting fourth Quarter 2023 Gross Profit Margin
Southwest Airlines Co Gross Profit grew by 4.78 % in IV. Quarter sequentially to 6,358 millions, while Revenue increased by 4.57 %, this led to improvement in the company's Gross Profit Margin to 93.18 %, above the Southwest Airlines Co average Gross Profit Margin.

Observing fourth quarter 2023 results within Airline industry only one other company has achieved higher Gross Profit Margin. While Gross Profit Margin total ranking has impoved so far to 571, from total ranking in previous quarter at 1001.
Learn about Gross Margin
LUV's Gross Profit Margin fourth quarter 2023 Company Ranking
Within: No.
Airline Industry # 2
Transportation Sector # 18
Overall # 570

Gross Profit Margin Statistics
High Average Low
136.63 % 72.61 % 36.05 %
(Dec 31 2022)   (Dec 31 2013)




Other Gross Profit Margin Profitability Ratios
LUV's Cumulative Gross Profit Margin
Airline Industry Gross Profit Margin Trends and Statistics
Transportation Sector Gross Profit Margin Statistics
Gross Profit Margin Profitability Trends for overall market
LUV's Gross Profit Margin Profitability versus Airline Industry, Transportation Sector and total Market
Highest Ranking Gross Profit Margin
Lowest Ranking Gross Profit Margin
Gross Profit Margin Profit Margin for LUV's Competitors
Gross Profit Margin Profit Margin for Southwest Airlines Co 's Suppliers
Gross Profit Margin Profit Margin for LUV's Customers

You may also want to know
LUV's Annual Growth Rates LUV's Profitability Ratios LUV's Asset Turnover Ratio LUV's Dividend Growth
LUV's Roe LUV's Valuation Ratios LUV's Financial Strength Ratios LUV's Gross Profit Growth
LUV's Roa LUV's Inventory Turnover Ratio LUV's Growth Rates LUV's Dividend Comparisons


Companies with similar Gross Profit Margin in the quarter ending Dec 31 2023, within Airline Industry Gross Profit MarginDec 31 2023 MRQ Gross ProfitDec 31 2023 MRQ Revenue
Skywest Inc  100.00 %$ 751.787 $ 751.787 
Southwest Airlines Co   93.18 %$ 6,358.000 $ 6,823.000 
Delta Air Lines Inc   74.52 %$ 10,599.000 $ 14,223.000 
Sun Country Airlines Holdings Inc   70.89 %$ 174.059 $ 245.543 
American Airlines Group Inc   70.36 %$ 9,191.000 $ 13,062.000 
Jetblue Airways Corp  64.03 %$ 1,488.000 $ 2,324.000 
Hawaiian Holdings inc  63.10 %$ 422.217 $ 669.074 
Spirit Airlines Inc   55.81 %$ 737.674 $ 1,321.760 
Frontier Group Holdings Inc   50.84 %$ 453.000 $ 891.000 
Latam Airlines Group S a   24.26 %$ 2,823.951 $ 11,640.541 




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