Southwest Airlines (LUV) 10-K Summaries & Annual Filing History
Review Southwest Airlines Co. (LUV) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Southwest Airlines Co. filed its annual report for the most recent fiscal year, reporting increased revenue and positive net income. The company faces various risks as outlined in its risk factors section, though specific details are not provided in the supplied data.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$28.1B
Revenue reported for the fiscal year.
Operating income
$428M
Income from operations reported for the year.
Net income
$441M
Net income reported for the year.
Operating cash flow
$1.8B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $23.8B | +50.8% |
| Dec 31, 2023 | $26.1B | +9.6% |
| Dec 31, 2024 | $27.5B | +5.3% |
| Dec 31, 2025 | $28.1B | +2.1% |
Business overview
Southwest Airlines Co. operates as a commercial airline. The filing's business overview section is referenced but not included in the supplied data.
Financial performance
Revenue has grown each year over the past four fiscal years. The company reported a positive operating income and net income for the most recent fiscal year. Operating cash flow was also positive.
Material risks
The filing identifies risk factors under Item 1A, but the specific risks are not listed in the supplied data. Therefore, no material risks can be detailed from the provided context.
Liquidity and capital
The filing includes a liquidity and capital resources discussion, but the content is not provided. The company's operating cash flow was positive, indicating available internal funds.
What to watch
Investors may monitor the trend of revenue growth, which has decelerated in recent periods.