FINHUB Insights

LUV · Q3 FY25 · Jul 1 – Sep 30, 2025

Southwest Airlines Q3 FY25: where the revenue came from and where it went

Southwest Airlines Q3 FY25: revenue $6.9B (+1% year over year). Net profit $0.1B. Largest cohort Passenger Revenue Non Loyalty $4.9B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 23, 2025 10-Q
Sankey diagram of Southwest Airlines's income statement for Q3 FY25: revenue of $6.9 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$6.9B +1% year over year
Operating profit$0B 1% margin
Net profit$0.1B 1% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 6.9 100% +1%
Passenger Revenue Non Loyalty 4.9 71% −4%
Passenger Loyalty Air… 0.8 12% −10%
Passenger Ancillary Sold… 0.6 9% +134%
Product and Service Other 0.6 9% +3%
Operating expenses−6.999%+0pp
Operating profit01% margin+0pp
Net profit0.11%+0pp
Filing on EDGAR More quarters of LUV

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters