Financial insights of LUV

MyFinsight

For the year ending 2025-12-31, LUV made $28,063M in revenue. $441M in net income. Net profit margin of 1.57%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Total operating revenues	28,063	27,483	26,091	23,814
Salaries, wages, and benefits	12,963	12,240	11,152	9,376
Payroll support and voluntary employee programs, net	-	-	0	0
Fuel and oil	5,240	5,812	6,217	5,975
Maintenance materials and repairs	1,227	1,353	1,188	852
Landing fees and airport rentals	2,178	1,962	1,789	1,508
Depreciation and amortization	1,560	1,657	1,522	1,351
Other operating expenses	4,467	4,138	3,999	3,735
Total operating expenses	27,635	27,162	25,867	22,797
Operating income	428	321	224	1,017
Interest expense	167	249	259	340
Capitalized interest	54	35	23	39
Interest income	205	497	583	217
Loss on extinguishment of debt	-	-2	0	-193
Other (gains) losses, net	43	-4	62	-12
Total non-operating expenses (income)	135	277	409	-289
Income before income taxes	563	598	633	728
Provision for income taxes	122	133	168	189
Net income	441	465	465	539

Adjusted weighted-average shares outstanding, diluted (in shares)	558,000,000	643,000,000	640,000,000	642,000,000
Net income per share, basic (in usd per share)	0.82	0.78	0.78	0.91
Net income per share, diluted (in usd per share)	0.79	0.76	0.76	0.87
Weighted-average shares outstanding, basic (in shares)	540,000,000	598,000,000	595,000,000	593,000,000