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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 (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Pre-Tax Income Change - - -32.86 % -14.48 % -
Seq. Pre-Tax Income Change - - -73.25 % - -
Pre-Tax Income In Millions $-298.00 $-285.00 $237.00 $886.00 $-205.00
Effective Tax Rate - - 18.57 % 22.91 % -
Effective Tax Rate Total Ranking # # # 665 # 1121 #
Income taxes expenses / -benefit In Millions $-67.00 $-33.00 $44.00 $203.00 $-46.00
Y / Y Income taxes expenses / -benefit Change - - -42.11 % -26.45 % -
Seq. Income taxes expenses / -benefit Change - - -78.33 % - -


Commenting First Quarter 2024 Effective Tax Rate
Southwest Airlines Co recieved tax benefit in I. Quarter .

Looking into I. Quarter results within Airline industry Southwest Airlines Co achieved lowest Effective Tax Rate. While total ranking remained unchanged compare to previous quarter at no. .

LUV's Effective Tax Rate first quarter 2024 Company Ranking
Within: No.
Airline Industry #
Transportation Sector #
Overall # 0

LUV's Effective Tax Rate Statistics
High Average Low
72.22 % 34.12 % 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 Mar 31 2024, within Airline Industry Effective Tax RateMar 31 2024 MRQ Income taxes expenses / -benefitMar 31 2024 MRQ Pre-Tax Income
Skywest Inc  24.79 %$ 19.877 $ 80.175 
Sun Country Airlines Holdings Inc   24.15 %$ 11.245 $ 46.558 




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