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

LUV's Revenue Growth by Quarter and Year

Southwest Airlines Co 's Revenue results by quarter and year




LUV Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 6,823.00 6,172.00 5,051.00 2,013.00
III Quarter September 6,525.00 6,220.00 4,679.00 1,793.00
II Quarter June 7,037.00 6,728.00 4,008.00 1,008.00
I Quarter March 5,706.00 4,694.00 2,052.00 4,234.00
FY   26,091.00 23,814.00 15,790.00 9,048.00



LUV Revenue fourth quarter 2023 Y/Y Growth Comment
Southwest Airlines Co reported Revenue increase of 10.55% year on year in the fourth quarter 2023, to $ 6,823.00 millions, this is lower than Southwest Airlines Co 's recent average Revenue increase of 15.13%.

Among companies who have reported fourth quarter 2023 results in the Airline industry only one Company has achieved higher year on year Revenue results in the fourth quarter 2023. While Southwest Airlines Co ' s Revenue growth of 10.55% ranks overall at the positon no. 654 in the fourth quarter 2023.




LUV Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 10.55 % 22.19 % 150.92 % -64.88 %
III Quarter September 4.9 % 32.93 % 160.96 % -68.2 %
II Quarter June 4.59 % 67.86 % 297.62 % -82.94 %
I Quarter March 21.56 % 128.75 % -51.54 % -17.77 %
FY   9.56 % 50.82 % 74.51 % -59.66 %

Financial Statements
Southwest Airlines Co 's fourth quarter 2023 Revenue $ 6,823.00 millions LUV's Income Statement
Southwest Airlines Co 's fourth quarter 2022 Revenue $ 6,172.00 millions Quarterly LUV's Income Statement
New: More LUV's historic Revenue Growth >>


LUV Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 4.57 % -0.77 % 7.95 % 12.27 %
III Quarter September -7.28 % -7.55 % 16.74 % 77.88 %
II Quarter June 23.33 % 43.33 % 95.32 % -76.19 %
I Quarter March -7.55 % -7.07 % 1.94 % -26.12 %
FY (Year on Year)   9.56 % 50.82 % 74.51 % -59.66 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Airline Industry #2
Transportation Sector #7
Overall #654

Revenue Y/Y Growth Statistics
High Average Low
297.62 % 15.13 % -82.94 %
(Jun 30 2021)   (Jun 30 2020)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Airline Industry #2
Transportation Sector #7
Overall #654
Revenue Y/Y Growth Statistics
High Average Low
297.62 % 15.13 % -82.94 %
(Jun 30 2021)   (Jun 30 2020)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Southwest Airlines Co 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
95.32 % 3.89 % -76.19 %
(Jun 30 2021)  


LUV's IV. Quarter Q/Q Revenue Comment
Southwest Airlines Co achieved in the IV. Quarter 2023 above company average sequential Revenue growth of 4.57%, to $ 6,823.00 millions, from $6,525.00 millions in the third quarter.
LUV is impressively improving, with claiming better then average gain, but also improving speed.

Within Airline industry Southwest Airlines Co achieved highest sequential Revenue growth. While Southwest Airlines Co 's Revenue growth quarter on quarter, overall rank is 101.


Revenue Q/Q Growth Company Ranking
Within: No.
Airline Industry #1
Transportation Sector #3
Overall #101
Revenue Q/Q Growth Company Ranking
Within: No.
Airline Industry #1
Transportation Sector #3
Overall #101
Revenue Q/Q Growth Statistics
High Average Low
95.32 % 3.89 % -76.19 %
(Jun 30 2021)  


LUV's IV. Quarter Q/Q Revenue Comment
Southwest Airlines Co achieved in the IV. Quarter 2023 above company average sequential Revenue growth of 4.57%, to $ 6,823.00 millions, from $6,525.00 millions in the third quarter.
Airline company is impressively improving, not just reporting above average gain, but also improving rate.

Within Airline industry Southwest Airlines Co achieved highest sequential Revenue growth. While Southwest Airlines Co 's Revenue growth quarter on quarter, overall rank is 101.


Southwest Airlines Co 's 12 Months Revenue Growth Year on Year


Revenue 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 Revenue 12 Months Ending $ 26,091.00 $ 25,440.00 $ 25,135.00 $ 24,826.00 $ 23,814.00
Y / Y Revenue Growth (TTM) 9.56 % 12.11 % 18.83 % 34.69 % 50.82 %
Year on Year Revenue Growth Overall Ranking # 6 # 43 # 250 # 202 # 161
Seqeuential Revenue Change (TTM) 2.56 % 1.21 % 1.24 % 4.25 % 4.94 %
Seq. Revenue Growth (TTM) Overall Ranking # 133 # 517 # 1256 # 1230 # 870




Cumulative Revenue growth Comment
With the quarterly Revenue reported in the Dec 31 2023 period, Southwest Airlines Co 's cumulative twelve months Revenue were $ 26,091 millions, company would post below average annual Revenue growth of 4.94% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the Southwest Airlines Co 's Revenue growth from the 6525% growth in Sep 30 2023. Despite that, Southwest Airlines Co showed the highest Revenue growth, among it's peers in Airline industry.

Southwest Airlines Co achieved highest trailing twelve month year on year Revenue growth. While Total ranking has impoved so far to 6, from total ranking in previous quarter at 43.

Revenue TTM Q/Q Growth Statistics
High Average Low
168.45 %
11.37 %
-68.08 %
 

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

Revenue TTM Y/Y Growth Statistics
High Average Low
168.45 %
11.37 %
-68.08 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 3
S&P 500 # 133
Cumulative Revenue growth Comment
With the quarterly Revenue reported in the Dec 31 2023 period, Southwest Airlines Co 's cumulative twelve months Revenue were $ 26,091 millions, company would post below average annual Revenue growth of -68.08% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the Southwest Airlines Co 's Revenue growth from the 6525% growth in Sep 30 2023. Despite that, Southwest Airlines Co showed the highest Revenue growth, among it's peers in Airline industry.

Southwest Airlines Co achieved highest trailing twelve month year on year Revenue growth. While Total ranking has impoved so far to 6, from total ranking in previous quarter at 43.

Revenue TTM Q/Q Growth Statistics
High Average Low
168.45 %
11.37 %
-68.08 %
 


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

Revenue TTM Y/Y Growth Statistics
High Average Low
168.45 %
11.37 %
-68.08 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 3
S&P 500 # 133




Other Revenue Growth
Airline Industry Revenue Growth Trends and Statistics
Transportation Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
LUV's Revenue Growth Ratio versus Airline Industry, Transportation Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for LUV's Competitors
Revenue Growth for Southwest Airlines Co 's Suppliers
Revenue 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 Revenue growth for the quarter ending Dec 31 2023 within Transportation SectorY/Y Change %Revenue for the quarter ending Dec 31 2023
Sfl Corporation Ltd 12.22%$ 12.216 millions
Knight swift Transportation Holdings Inc 10.80%$ 10.799 millions
Southwest Airlines Co 10.55%$ 10.548 millions
Skywest Inc10.35%$ 10.355 millions
Westinghouse Air Brake Technologies Corporation9.54%$ 9.540 millions
Sun Country Airlines Holdings Inc 8.10%$ 8.096 millions
Atlas Corp 7.26%$ 7.264 millions
Delta Air Lines Inc 5.87%$ 5.865 millions
Torm Plc5.34%$ 5.338 millions




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