FINHUB Insights

LUV · Q2 FY26 · Jun 30, 2026

Southwest Airlines Q2 FY26: where the revenue came from and where it went

Southwest Airlines Q2 FY26: revenue $8.4B (+16% year over year). Net profit $0.2B. Largest cohort Passenger Revenue Non Loyalty $6.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jun 30, 2026
Reported
Jul 23, 2026 10-Q
Sankey diagram of Southwest Airlines's income statement for Q2 FY26: revenue of $8.4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$8.4B +16% year over year
Operating profit$0.3B 3% margin
Net profit$0.2B 3% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
ItemValueShare of revenueYear over year
Revenue 8.4 100% +16%
Passenger Revenue Non Loyalty 6.1 73% +12%
Passenger Ancillary Sold… 0.9 11% +183%
Passenger Loyalty Air… 0.8 10% −12%
Loyalty Program 0.6 7% +8%
Miscellaneous 0.1 1% +59%
Cargo and Freight 0.1 1% +14%
Operating expenses−8.197%+0pp
Operating profit0.33% margin+0pp
Tax−0.1
Net profit0.23%+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