Southwest Airlines (LUV) Revenue — Quarter Ended Jun 30, 2023
Revenue rose in the quarter, driven by higher ticket sales amid strong travel demand. Both sequential and year-over-year comparisons showed increases, with the sequential growth notably larger.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue rose in the quarter, driven by higher ticket sales amid strong travel demand. Both sequential and year-over-year comparisons showed increases, with the sequential growth notably larger.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7B
Revenue reported for this quarter.
Quarter-over-quarter
+23.3%
Change from the immediately preceding quarter.
Year-over-year
+4.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $6.2B | +32.9% |
| Dec 31, 2022 | $6.2B | +22.2% |
| Mar 31, 2023 | $5.7B | +21.6% |
| Jun 30, 2023 | $7B | +4.6% |
Revenue performance
The company's revenue grew from the prior quarter, reflecting an acceleration in activity. The increase from the same period last year was more modest but still positive.
Quarterly comparison
Revenue increased significantly compared to the immediately preceding quarter, and also improved from the same quarter one year ago, though at a slower pace.
What to watch
The impact of fuel derivative purchases and customer reimbursement expenses on operating cash flows will be worth monitoring.