← SOUTHWEST AIRLINES CO

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $20.4b $21.2b $22.0b $22.4b $9.0b $15.8b $23.8b $26.1b $27.5b $28.1b
Operating Costs and Expenses $16.7b $17.7b $18.8b $19.5b $12.9b $14.1b $22.8b $25.9b $27.2b $27.6b
Other operating expenses $2.5b $2.7b $2.9b $3.0b $1.9b $2.4b $3.7b $4.0b $4.1b $4.5b
Operating Expenses $16.7b $17.7b $18.8b $19.5b $12.9b $14.1b $22.8b $25.9b $27.2b $27.6b
Total non-operating expenses (income) $213.0m $264.0m $42.0m $0 $440.0m $396.0m $289.0m ($409.0m) ($277.0m) ($135.0m)
Total operating expenses $16.7b $17.7b $18.8b $19.5b $12.9b $14.1b $22.8b $25.9b $27.2b $27.6b
Operating Income (Loss) $3.8b $3.5b $3.2b $3.0b ($3.8b) $1.7b $1.0b $224.0m $321.0m $428.0m
Additional Financial Items
Amortization of Intangible Assets $17.0m $13.0m $16.0m $15.0m — — — — — —
Capitalized Computer Software, Amortization $111.0m $168.0m $155.0m $177.0m $203.0m $213.0m $232.0m $246.0m $271.0m $318.0m
Capitalized interest ($47.0m) ($49.0m) ($38.0m) ($36.0m) ($35.0m) ($36.0m) ($39.0m) ($23.0m) ($35.0m) ($54.0m)
Depreciation and amortization $1.2b $1.2b $1.2b $1.2b $1.3b $1.3b $1.4b $1.5b $1.7b $1.6b
Fuel and oil $3.6b $3.9b $4.6b $4.3b $1.8b $3.3b $6.0b $6.2b $5.8b $5.2b
Goodwill, Impairment Loss — — — — $0 — — — — —
Interest income ($24.0m) ($35.0m) ($69.0m) ($90.0m) ($32.0m) ($13.0m) ($217.0m) ($583.0m) ($497.0m) ($205.0m)
Landing fees and airport rentals $1.2b $1.3b $1.3b $1.4b $1.2b $1.5b $1.5b $1.8b $2.0b $2.2b
Maintenance materials and repairs $1.0b $1.0b $1.1b $1.2b $750.0m $854.0m $852.0m $1.2b $1.4b $1.2b
Other (gains) losses, net $162.0m $234.0m ($18.0m) $8.0m ($158.0m) $22.0m ($12.0m) $62.0m $4.0m ($43.0m)
PROVISION FOR INCOME TAXES $1.3b ($237.0m) $699.0m $657.0m ($1.2b) $348.0m $189.0m $168.0m $133.0m $122.0m
Salaries, wages, and benefits $6.8b $7.3b $7.6b $8.3b $6.8b $7.7b $9.4b $11.2b $12.2b $13.0b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $3.5b $3.3b $3.2b $3.0b ($4.3b) $1.3b $728.0m $633.0m $598.0m $563.0m
INCOME BEFORE INCOME TAXES $3.5b $3.3b $3.2b $3.0b ($4.3b) $1.3b $728.0m $633.0m $598.0m $563.0m
Net Income (Loss) Attributable to Parent $2.2b $3.5b $2.5b $2.3b ($3.1b) $977.0m $539.0m $465.0m $465.0m $441.0m
Net Income (Loss) Available to Common Stockholders, Basic $2.2b $3.5b $2.5b $2.3b ($3.1b) $977.0m ($3.1b) $484.0m $485.0m $442.0m
Common Stock, Dividends, Per Share, Declared $0.38 $0.47 $4.30 $4.28 ($5.44) $1.65 $0.91 $0.78 $0.72 $0.72
Earnings Per Share, Basic $3.58 $5.80 $4.30 $4.28 ($5.44) $1.65 $0.91 $0.78 $0.78 $0.82
Earnings Per Share, Diluted $3.55 $5.79 $4.29 $4.27 ($5.44) $1.61 $0.87 $0.76 $0.76 $0.79
Weighted Average Number of Shares Outstanding, Basic 627.0m 601.0m 573.0m 538.0m 565.0m 592.0m 593.0m 595.0m 598.0m 540.0m
Weighted Average Number of Shares Outstanding, Diluted 633.0m 603.0m 574.0m 539.0m 565.0m 609.0m 642.0m 640.0m 643.0m 558.0m
Current Income Tax Expense (Benefit) $847.0m $976.0m $398.0m $712.0m ($466.0m) $368.0m ($39.0m) $9.0m $1.0m $0
Fuel Costs $3.6b $3.9b $4.6b $4.3b $1.8b $3.3b $6.0b $6.2b $5.8b $5.2b
Interest Expense $122.0m $114.0m $131.0m $118.0m $349.0m $467.0m $340.0m $259.0m $249.0m $167.0m
Interest Expense (non-operating) — — — — — — — — $249.0m $167.0m
Labor and Related Expense $6.8b $7.3b $7.6b $8.3b $6.8b $7.7b $9.4b $11.2b $12.2b $13.0b
Other Cost and Expense, Operating $2.5b $2.7b $2.9b $3.0b $1.9b $2.4b $3.7b $4.0b $4.1b $4.5b
Other Nonoperating Income (Expense) ($162.0m) ($234.0m) ($18.0m) ($8.0m) ($158.0m) $22.0m ($12.0m) $62.0m ($4.0m) $43.0m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement $0 — — $2.0m $0 $0 $2.0m $10.0m — —
Income Tax Expense (Benefit) $1.3b ($237.0m) $699.0m $657.0m ($1.2b) $348.0m $189.0m $168.0m $133.0m $122.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.