Southwest Airlines (LUV) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the quarter, marking a positive trend. Performance improved both sequentially and compared with the same period a year ago.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased in the quarter, marking a positive trend. Performance improved both sequentially and compared with the same period a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.4B
Revenue reported for this quarter.
Quarter-over-quarter
+16.2%
Change from the immediately preceding quarter.
Year-over-year
+4.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$27B
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, 2023 | $6.5B | +4.9% |
| Dec 31, 2023 | $6.8B | +10.5% |
| Mar 31, 2024 | $6.3B | +10.9% |
| Jun 30, 2024 | $7.4B | +4.5% |
Revenue performance
Revenue rose from the prior quarter and also exceeded the level of the same quarter last year, continuing the upward momentum.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved, and the year-over-year comparison also showed an increase.
What to watch
Operating cash flow turned to a net use of cash, largely influenced by labor contract ratification bonuses.