Southwest Airlines (LUV) Revenue — Quarter Ended Sep 30, 2023
Revenue declined compared to the prior quarter but rose from the same period a year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined compared to the prior quarter but rose from the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.5B
Revenue reported for this quarter.
Quarter-over-quarter
-7.3%
Change from the immediately preceding quarter.
Year-over-year
+4.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.4B
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 |
|---|---|---|
| Dec 31, 2022 | $6.2B | +22.2% |
| Mar 31, 2023 | $5.7B | +21.6% |
| Jun 30, 2023 | $7B | +4.6% |
| Sep 30, 2023 | $6.5B | +4.9% |
Revenue performance
The sequential decline reflects a slowdown from the robust growth seen in earlier quarters of the fiscal year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased, while year-over-year revenue increased relative to the same quarter one year ago.
What to watch
Filing context noted an increase in air traffic liability driven by higher ticket sales related to travel demand.