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

LUV's Operating Income Growth by Quarter and Year

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




LUV Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - -404.00 -385.00 195.00
III Quarter September - 117.00 395.00 733.00
II Quarter June - 795.00 1,158.00 594.00
I Quarter March -393.00 -284.00 -151.00 199.00
FY   -393.00 224.00 1,017.00 1,721.00



LUV Operating Income first quarter 2024 Y/Y Growth Comment
Southwest Airlines Co in the first quarter 2024 recorded Operating Loss of $ -393.00 millions.

Looking into first quarter 2024 results within Airline industry 4 other companies have achieved higher Operating Income growth. While Southwest Airlines Co ' s Operating Income no change of % ranks overall at the positon no. 1023 in the first quarter 2024.

Explain Operating Income growth


LUV Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - - - -
III Quarter September - -70.38 % -46.11 % -
II Quarter June - -31.35 % 94.95 % -
I Quarter March - - - -
FY   - -77.97 % -40.91 % -

Financial Statements
Southwest Airlines Co 's first quarter 2024 Operating Income $ -393.00 millions LUV's Income Statement
Southwest Airlines Co 's first quarter 2023 Operating Income $ -284.00 millions Quarterly LUV's Income Statement
New: More LUV's historic Operating Income Growth >>


LUV Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - - - -73.4 %
III Quarter September - -85.28 % -65.89 % 23.4 %
II Quarter June - - - 198.49 %
I Quarter March - - - -
FY (Year on Year)   - -77.97 % -40.91 % -




Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Airline Industry #5
Transportation Sector #14
Overall #1023

Operating Income Y/Y Growth Statistics
High Average Low
469.09 % 1.85 % -823.08 %
(Sep. 30, 2010)   (Jun 30 2021)
Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Airline Industry #5
Transportation Sector #14
Overall #1023
Operating Income Y/Y Growth Statistics
High Average Low
469.09 % 1.85 % -823.08 %
(Sep. 30, 2010)   (Jun 30 2021)

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

Southwest Airlines Co 's Q/Q Operating Income Growth


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


LUV's I. Quarter Q/Q Operating Income Comment
Even if Southwest Airlines Co in the I. Quarter 2024 showed Operating Loss of $ -393.00 millions, some analyst mentioned, that current results are slight up side in contrast to the -404.00 millions in the fourth quarter.

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


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


LUV's I. Quarter Q/Q Operating Income Comment
Even if Southwest Airlines Co in the I. Quarter 2024 admitted Operating Loss of $ -393.00 millions, it should be point out, that those numbers are recovery compare to the -404.00 millions in the fourth quarter.

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


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


Operating 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 Operating Income 12 Months Ending $ 115.00 $ 224.00 $ 243.00 $ 521.00 $ 884.00
Y / Y Operating Income Growth (TTM) -86.99 % -77.97 % -84.78 % -73.07 % -35.52 %
Year on Year Operating Income Growth Overall Ranking # 1319 # 1489 # 62 # 14 # 73
Seqeuential Operating Income Change (TTM) -48.66 % -7.82 % -53.36 % -41.06 % -13.08 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1023 # 1450 # 1526 # 81 # 343




Cumulative Operating Income growth Comment
Southwest Airlines Co 's cumulative 12 months Operating Income continue to drop, but on the faster rate at -86.99% year on year, at Mar 31 2024 compare to the -77.97% decrease at Dec 31 2023. If the Southwest Airlines Co 's fiscal year would end at Mar 31 2024, annual Operating Income would be $115 millions.

Among companies within the Transportation sector 17 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 1319, from total ranking in previous quarter at 1489.

Operating Income TTM Q/Q Growth Statistics
High Average Low
469.09 %
1.85 %
-823.08 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Airline Industry # 5
Transportation Sector # 18
Overall # 1319

Operating Income TTM Y/Y Growth Statistics
High Average Low
469.09 %
1.85 %
-823.08 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 14
S&P 500 # 1023
Cumulative Operating Income growth Comment
Southwest Airlines Co 's cumulative 12 months Operating Income continue to drop, but on the faster rate at -86.99% year on year, at Mar 31 2024 compare to the -77.97% decrease at Dec 31 2023. If the Southwest Airlines Co 's fiscal year would end at Mar 31 2024, annual Operating Income would be $115 millions.

Among companies within the Transportation sector 17 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 1319, from total ranking in previous quarter at 1489.

Operating Income TTM Q/Q Growth Statistics
High Average Low
469.09 %
1.85 %
-823.08 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Airline Industry # 5
Transportation Sector # 18
Overall # 1319

Operating Income TTM Y/Y Growth Statistics
High Average Low
469.09 %
1.85 %
-823.08 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 14
S&P 500 # 1023




Other Operating Income Growth
Airline Industry Operating Income Growth Trends and Statistics
Transportation Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
LUV's Operating Income Growth Ratio versus Airline Industry, Transportation Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for LUV's Competitors
Operating Income Growth for Southwest Airlines Co 's Suppliers
Operating 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 Operating Income drop for the quarter ending Mar 31 2024 within Transportation SectorY/Y Change %Operating Income for the quarter ending Mar 31 2024
Trinity Industries Inc66.96%$ 66.957 millions
Brink s Co51.50%$ 51.504 millions
Westinghouse Air Brake Technologies Corporation49.28%$ 49.275 millions
Canadian Pacific Kansas City Ltd38.60%$ 38.601 millions




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