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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 2023 FY 2022 FY 2021 FY 2020
IV Quarter December -404.00 -385.00 195.00 -1,168.00
III Quarter September 117.00 395.00 733.00 -1,411.00
II Quarter June 795.00 1,158.00 594.00 -1,127.00
I Quarter March -284.00 -151.00 199.00 -110.00
FY   224.00 1,017.00 1,721.00 -3,816.00



LUV Operating Income fourth quarter 2023 Y/Y Growth Comment
Southwest Airlines Co in the fourth quarter 2023 recorded Operating Loss of $ -404.00 millions.

According to the results reported in the fourth quarter 2023, Southwest Airlines Co achieved the best Operating Income growth in Airline industry. While Southwest Airlines Co ' s Operating Income no change of % ranks overall at the positon no. 221 in the fourth quarter 2023.

Explain Operating Income growth


LUV Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
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 fourth quarter 2023 Operating Income $ -404.00 millions LUV's Income Statement
Southwest Airlines Co 's fourth quarter 2022 Operating Income $ -385.00 millions Quarterly LUV's Income Statement
New: More LUV's historic Operating Income Growth >>


LUV Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
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 fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Airline Industry #0
Transportation Sector #3
Overall #221

Operating Income Y/Y Growth Statistics
High Average Low
469.09 % 3.11 % -823.08 %
(Sep. 30, 2010)   (Jun 30 2021)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Airline Industry #0
Transportation Sector #3
Overall #221
Operating Income Y/Y Growth Statistics
High Average Low
469.09 % 3.11 % -823.08 %
(Sep. 30, 2010)   (Jun 30 2021)

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

Southwest Airlines Co 's Q/Q Operating Income Growth


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


LUV's IV. Quarter Q/Q Operating Income Comment
Current results of -404.00 millions by Southwest Airlines Co look even worse considering the 117.00 millions in the third 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 IV. Quarter Q/Q Operating Income Comment
IV. Quarter 2023 results of -404.00 millions by Southwest Airlines Co look even worse if you take a look at Operating Loss 117.00 millions in the third 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
(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 Operating Income 12 Months Ending $ 224.00 $ 243.00 $ 521.00 $ 884.00 $ 1,017.00
Y / Y Operating Income Growth (TTM) -77.97 % -84.78 % -73.07 % -35.52 % -40.91 %
Year on Year Operating Income Growth Overall Ranking # 224 # 62 # 14 # 73 # 5
Seqeuential Operating Income Change (TTM) -7.82 % -53.36 % -41.06 % -13.08 % -36.32 %
Seq. Operating Income Growth (TTM) Overall Ranking # 221 # 1526 # 81 # 343 # 44




Cumulative Operating Income growth Comment
Southwest Airlines Co showed decline, but improvement compare to trailing twelve month Operating Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Southwest Airlines Co 's annual Operating Income drop would be -77.97% year on year to $224 millions.

Among companies within the Transportation sector 3 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 62 to 224.

Operating Income TTM Q/Q Growth Statistics
High Average Low
469.09 %
3.11 %
-823.08 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Airline Industry # 0
Transportation Sector # 4
Overall # 224

Operating Income TTM Y/Y Growth Statistics
High Average Low
469.09 %
3.11 %
-823.08 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 3
S&P 500 # 221
Cumulative Operating Income growth Comment
Southwest Airlines Co showed decline, but improvement compare to trailing twelve month Operating Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Southwest Airlines Co 's annual Operating Income drop would be -77.97% year on year to $224 millions.

Among companies within the Transportation sector 3 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 62 to 224.

Operating Income TTM Q/Q Growth Statistics
High Average Low
469.09 %
3.11 %
-823.08 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Airline Industry # 0
Transportation Sector # 4
Overall # 224

Operating Income TTM Y/Y Growth Statistics
High Average Low
469.09 %
3.11 %
-823.08 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 3
S&P 500 # 221




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 Dec 31 2023 within Transportation SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Atlas Corp 4.11%$ 4.112 millions




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