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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 2023 FY 2022 FY 2021 FY 2020
IV Quarter December -252.00 -220.00 67.00 -908.00
III Quarter September 193.00 277.00 446.00 -1,157.00
II Quarter June 683.00 760.00 348.00 -915.00
I Quarter March -159.00 -278.00 116.00 -94.00
FY   465.00 539.00 977.00 -3,074.00



LUV Net Income fourth quarter 2023 Y/Y Growth Comment
Southwest Airlines Co in the fourth quarter 2023 recorded net loss of $ -252.00 millions.

According to the results reported in the fourth quarter 2023, Southwest Airlines Co achieved the best Net Income growth in Airline industry. While Southwest Airlines Co ' s Net Income no change of % ranks overall at the positon no. 263 in the fourth quarter 2023.




LUV Net Income ( Y/Y Growth %) 2023
2022 2021 2020
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 fourth quarter 2023 Net Income $ -252.00 millions LUV's Income Statement
Southwest Airlines Co 's fourth quarter 2022 Net Income $ -220.00 millions Quarterly LUV's Income Statement
New: More LUV's historic Net Income Growth >>


LUV Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
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 fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Airline Industry #1
Transportation Sector #5
Overall #263

Net Income Y/Y Growth Statistics
High Average Low
41200 % 610.08 % -1082.21 %
(Sep 30 2022)   (Jun 30 2021)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Airline Industry #1
Transportation Sector #5
Overall #263
Net Income Y/Y Growth Statistics
High Average Low
41200 % 610.08 % -1082.21 %
(Sep 30 2022)   (Jun 30 2021)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Southwest Airlines Co 's Q/Q Net Income Growth


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


LUV's IV. Quarter Q/Q Net Income Comment
IV. Quarter 2023 net loss of -252.00 millions by Southwest Airlines Co appear even worse considering the net loss 193.00 millions in the previous 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 IV. Quarter Q/Q Net Income Comment
Current results of -252.00 millions by Southwest Airlines Co appear even less good if you take a look at 193.00 millions net loss in the previous 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
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 465.00 $ 497.00 $ 581.00 $ 658.00 $ 539.00
Y / Y Net Income Growth (TTM) -13.73 % -39.83 % -41.61 % 12.86 % -44.83 %
Year on Year Net Income Growth Overall Ranking # 274 # 1 # 1 # 0 # 0
Seqeuential Net Income Change (TTM) -6.44 % -14.46 % -11.7 % 22.08 % -34.75 %
Seq. Net Income Growth (TTM) Overall Ranking # 263 # 1094 # 58 # 349 # 1




Cumulative Net Income growth Comment
Southwest Airlines Co showed decline, but improvement compare to trailing twelve month Net Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Southwest Airlines Co 's annual Net Income drop would be -13.73% year on year to $465 millions.

Among companies within the Transportation sector 5 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 1 to 274.

Net Income TTM Q/Q Growth Statistics
High Average Low
41200 %
610.08 %
-1082.21 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Airline Industry # 1
Transportation Sector # 6
Overall # 274

Net Income TTM Y/Y Growth Statistics
High Average Low
41200 %
610.08 %
-1082.21 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 5
S&P 500 # 263
Cumulative Net Income growth Comment
Southwest Airlines Co showed decline, but improvement compare to trailing twelve month Net Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Southwest Airlines Co 's annual Net Income drop would be -13.73% year on year to $465 millions.

Among companies within the Transportation sector 5 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 1 to 274.

Net Income TTM Q/Q Growth Statistics
High Average Low
41200 %
610.08 %
-1082.21 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Airline Industry # 1
Transportation Sector # 6
Overall # 274

Net Income TTM Y/Y Growth Statistics
High Average Low
41200 %
610.08 %
-1082.21 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 5
S&P 500 # 263




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 Dec 31 2023 within Transportation SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Torm Plc15.18%$ 15.179 millions
Covenant Logistics Group Inc 11.23%$ 11.232 millions




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