Southwest Airlines (LUV) Revenue — Quarter Ended Sep 30, 2024
Southwest Airlines reported a year-over-year increase in revenue for the quarter, though the figure declined from the immediately preceding quarter.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Southwest Airlines reported a year-over-year increase in revenue for the quarter, though the figure declined from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.9B
Revenue reported for this quarter.
Quarter-over-quarter
-6.6%
Change from the immediately preceding quarter.
Year-over-year
+5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.4B
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, 2023 | $6.8B | +10.5% |
| Mar 31, 2024 | $6.3B | +10.9% |
| Jun 30, 2024 | $7.4B | +4.5% |
| Sep 30, 2024 | $6.9B | +5.3% |
Revenue performance
Revenue continued to grow compared with the same period a year earlier, but the sequential decline from the prior quarter suggests some moderation in demand.
Quarterly comparison
When compared with the prior quarter, revenue was lower, while versus the same quarter last year, it remained higher. The trend over recent quarters shows a pattern of alternating increases and decreases.
What to watch
Operating cash flow for the quarter dropped significantly from the prior-year period, which may warrant monitoring of the company's liquidity.