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

LUV's Net Income Growth by Quarter and Year

Southwest Airlines Co 's Net Income results by quarter and year




LUV Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - -252.00 -220.00 67.00
III Quarter September - 193.00 277.00 446.00
II Quarter June - 683.00 760.00 348.00
I Quarter March -231.00 -159.00 -278.00 116.00
FY   -231.00 465.00 539.00 977.00



LUV Net Income first quarter 2024 Y/Y Growth Comment
Southwest Airlines Co in the first quarter 2024 recorded net loss of $ -231.00 millions.

Looking into first quarter 2024 results within Airline industry 2 other companies have achieved higher Net Income growth. While Southwest Airlines Co ' s Net Income no change of % ranks overall at the positon no. 121 in the first quarter 2024.




LUV Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - - - -
III Quarter September - -30.32 % -37.89 % -
II Quarter June - -10.13 % 118.39 % -
I Quarter March - - - -
FY   - -13.73 % -44.83 % -

Financial Statements
Southwest Airlines Co 's first quarter 2024 Net Income $ -231.00 millions LUV's Income Statement
Southwest Airlines Co 's first quarter 2023 Net Income $ -159.00 millions Quarterly LUV's Income Statement
New: More LUV's historic Net Income Growth >>


LUV Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - - - -84.98 %
III Quarter September - -71.74 % -63.55 % 28.16 %
II Quarter June - - - 200 %
I Quarter March - - - -
FY (Year on Year)   - -13.73 % -44.83 % -




Net Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Airline Industry #3
Transportation Sector #4
Overall #121

Net Income Y/Y Growth Statistics
High Average Low
41200 % 600.66 % -1082.21 %
(Sep 30 2022)   (Jun 30 2021)
Net Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Airline Industry #3
Transportation Sector #4
Overall #121
Net Income Y/Y Growth Statistics
High Average Low
41200 % 600.66 % -1082.21 %
(Sep 30 2022)   (Jun 30 2021)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Southwest Airlines Co 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
0 % 0 % 0 %
 


LUV's I. Quarter Q/Q Net Income Comment
Despite the fact, that Southwest Airlines Co in the I. Quarter 2024 showed net loss of $ -231.00 millions, management said, that current results point to improvement compare to the -252.00 millions in the fourth quarter.

Within Airline industry Southwest Airlines Co achieved highest sequential Net Income growth. While Southwest Airlines Co 's Net Income growth quarter on quarter, overall rank is .


Net Income Q/Q Growth Company Ranking
Within: No.
Airline Industry #
Transportation Sector #
Overall #
Net Income Q/Q Growth Company Ranking
Within: No.
Airline Industry #
Transportation Sector #
Overall #
Net Income Q/Q Growth Statistics
High Average Low
0 % 0 % 0 %
 


LUV's I. Quarter Q/Q Net Income Comment
Although Southwest Airlines Co in the I. Quarter 2024 showed net loss of $ -231.00 millions, some analyst mentioned, that those numbers are recovery relative to the -252.00 millions in the fourth quarter.

Within Airline industry Southwest Airlines Co achieved highest sequential Net Income growth. While Southwest Airlines Co 's Net Income growth quarter on quarter, overall rank is .


Southwest Airlines Co 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
Cumulative Net Income 12 Months Ending $ 393.00 $ 465.00 $ 497.00 $ 581.00 $ 658.00
Y / Y Net Income Growth (TTM) -40.27 % -13.73 % -39.83 % -41.61 % 12.86 %
Year on Year Net Income Growth Overall Ranking # 160 # 274 # 1 # 1 # 2
Seqeuential Net Income Change (TTM) -15.48 % -6.44 % -14.46 % -11.7 % 22.08 %
Seq. Net Income Growth (TTM) Overall Ranking # 121 # 263 # 1094 # 58 # 1210




Cumulative Net Income growth Comment
Southwest Airlines Co 's cumulative 12 months Net Income continue to drop, but on the faster rate at -40.27% year on year, at Mar 31 2024 compare to the -13.73% decrease at Dec 31 2023. If the Southwest Airlines Co 's fiscal year would end at Mar 31 2024, annual Net Income would be $393 millions.

Among companies within the Transportation sector 3 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 160, from total ranking in previous quarter at 274.

Net Income TTM Q/Q Growth Statistics
High Average Low
41200 %
600.66 %
-1082.21 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Airline Industry # 3
Transportation Sector # 4
Overall # 160

Net Income TTM Y/Y Growth Statistics
High Average Low
41200 %
600.66 %
-1082.21 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 4
S&P 500 # 121
Cumulative Net Income growth Comment
Southwest Airlines Co 's cumulative 12 months Net Income continue to drop, but on the faster rate at -40.27% year on year, at Mar 31 2024 compare to the -13.73% decrease at Dec 31 2023. If the Southwest Airlines Co 's fiscal year would end at Mar 31 2024, annual Net Income would be $393 millions.

Among companies within the Transportation sector 3 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 160, from total ranking in previous quarter at 274.

Net Income TTM Q/Q Growth Statistics
High Average Low
41200 %
600.66 %
-1082.21 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Airline Industry # 3
Transportation Sector # 4
Overall # 160

Net Income TTM Y/Y Growth Statistics
High Average Low
41200 %
600.66 %
-1082.21 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 4
S&P 500 # 121




Other Net Income Growth
Airline Industry Net Income Growth Trends and Statistics
Transportation Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
LUV's Net Income Growth Ratio versus Airline Industry, Transportation Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for LUV's Competitors
Net Income Growth for Southwest Airlines Co 's Suppliers
Net Income Growth 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 Dividend Payout Ratio
LUV's Roa LUV's Inventory Turnover Ratio LUV's Growth Rates LUV's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Mar 31 2024 within Transportation SectorY/Y Change %Net Income for the quarter ending Mar 31 2024
Westinghouse Air Brake Technologies Corporation60.12%$ 60.116 millions




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