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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. 958 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 #15
Overall #958

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 #15
Overall #958
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.
Southwest Airlines Co is undergoing a remarkable growth, not only reporting better then average growth, and additionally improving speed, Ian Anderson, a business advisor said.

Within Airline industry only one company achieved higher sequential Revenue growth. While Southwest Airlines Co 's Revenue growth quarter on quarter, overall rank is 1047.


Revenue Q/Q Growth Company Ranking
Within: No.
Airline Industry #2
Transportation Sector #9
Overall #1047
Revenue Q/Q Growth Company Ranking
Within: No.
Airline Industry #2
Transportation Sector #9
Overall #1047
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.
Southwest Airlines Co is going from strength to strength, not only recording higher then regular growth, but also increasing speed, Ian Anderson, a business advisor mentioned.

Within Airline industry only one company achieved higher sequential Revenue growth. While Southwest Airlines Co 's Revenue growth quarter on quarter, overall rank is 1047.


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 # 202 # 43 # 250 # 202 # 161
Seqeuential Revenue Change (TTM) 2.56 % 1.21 % 1.24 % 4.25 % 4.94 %
Seq. Revenue Growth (TTM) Overall Ranking # 1338 # 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.

Among companies within the Transportation sector 6 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 43 to 202.

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 # 8
Transportation Sector # 7
Overall # 202

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 # 8
Sector # 29
S&P 500 # 1338
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.

Among companies within the Transportation sector 6 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 43 to 202.

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 # 8
Transportation Sector # 7
Overall # 202

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 # 8
Sector # 29
S&P 500 # 1338




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
Navigator Holdings Ltd 16.24%$ 16.240 millions
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
Shengfeng Development Limited9.13%$ 9.126 millions
Sun Country Airlines Holdings Inc 8.10%$ 8.096 millions
Navios Maritime Partners L p 7.96%$ 7.960 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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