Southwest Airlines (LUV) revenue breakdown
By product, Passenger is the largest at 91% of fiscal 2025 revenue; Other grew fastest, 9% a year over 9 years.
By region, North America is the largest at 97% of fiscal 2025 revenue, growing 5% a year over 5 years.
Revenue by product
Fiscal years, as Southwest Airlines reports them in its 10-K filings; fiscal 2025 total $28.1B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Passenger | $19.1B | $19.8B | $20.5B | $20.8B | $7.7B | $14.1B | $21.4B | $23.6B | $25.0B | $25.5B | 91% |
| Other | $1.1B | $1.2B | $1.3B | $1.5B | $1.2B | $1.5B | $2.2B | $2.3B | $2.3B | $2.4B | 8% |
| Freight | $171M | $173M | $175M | $172M | $161M | $187M | $177M | $175M | $175M | $171M | 1% |
Revenue by region
Fiscal years, as Southwest Airlines reports them in its 10-K filings; fiscal 2025 total $28.1B.
| Regions | 2018 | 2019 | 2021 | 2022 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| North America | $21.4B | $21.8B | $15.3B | $23.0B | $26.7B | $27.3B | 97% |
| Latin America | $566M | $615M | $475M | $811M | $798M | $756M | 3% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LUV.
Open LUV in InvestinglyQuestions
Where does Southwest Airlines make its money?
In fiscal 2025, by product: Passenger $25.5B, Other $2.4B, Freight $171M.
From Southwest Airlines's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.