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

Southwest Airlines Co.'s Effective Tax Rate by quarter

Trends, Rankings, Statistics

LUV Effective Tax Rate (Jun 30 2022)
II. Quarter
(Mar 31 2022)
I. Quarter
(Dec 31 2021)
IV. Quarter
(Sep 30 2021)
III. Quarter
(Jun 30 2021)
II. Quarter
Y / Y Pre-Tax Income Change 106.37 % - - - -
Seq. Pre-Tax Income Change - - -87.17 % 19.52 % 243.84 %
Pre-Tax Income In Millions $1,036.00 $-376.00 $77.00 $600.00 $502.00
Effective Tax Rate 26.64 % - 12.99 % 25.67 % 30.68 %
Effective Tax Rate Total Ranking # 1639 # # 530 # 1656 # 1972
Income taxes expenses / -benefit In Millions $276.00 $-98.00 $10.00 $154.00 $154.00
Y / Y Income taxes expenses / -benefit Change 79.22 % - - - -
Seq. Income taxes expenses / -benefit Change - - -93.51 % 0 % 413.33 %

Commenting Second Quarter 2022 Effective Tax Rate
Company's effective tax rate in II. Quarter increased compare to previous quarter to 26.64 %, below company's average Effective Tax Rate.

Looking into II. Quarter results within Airline industry 2 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from to 1639.

LUV's Effective Tax Rate second quarter 2022 Company Ranking
Within: No.
Airline Industry # 3
Transportation Sector # 35
Overall # 1639

LUV's Effective Tax Rate Statistics
High Average Low
72.22 % 34.76 % 8.11 %
(March 31, 2011)   (March 31, 2008)

Other Effective Tax Rate Profitability Ratios
LUV's Cumulative Effective Tax Rate
Airline Industry Effective Tax Rate Trends and Statistics
Transportation Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
LUV's Effective Tax Rate Profitability versus Airline Industry, Transportation Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for LUV's Competitors
Effective Tax Rate Profit Margin for Southwest Airlines Co.'s Suppliers
Effective Tax Rate 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 Income taxes expenses / -benefit Growth
LUV's Roa LUV's Inventory Turnover Ratio LUV's Growth Rates LUV's Dividend Comparisons

Companies with similar Effective Tax Rate in the quarter ending Jun 30 2022, within Airline Industry Effective Tax RateJun 30 2022 MRQ Income taxes expenses / -benefitJun 30 2022 MRQ Pre-Tax Income
Delta Air Lines Inc.  28.85 %$ 298.000 $ 1,033.000 
United Airlines Holdings Inc.  28.32 %$ 130.000 $ 459.000 
Southwest Airlines Co.  26.64 %$ 276.000 $ 1,036.000 
Skywest Inc  25.84 %$ 18.796 $ 72.747 
Alaska Air Group Inc.  24.86 %$ 46.000 $ 185.000 


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