Southwest Airlines (LUV) Revenue — Quarter Ended Dec 31, 2024
Southwest Airlines reported revenue growth in the fourth quarter when compared to both the prior quarter and the same period a year earlier, extending its upward trend. The sequential increase was modest, while the year-over-year gain was slightly stronger.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Southwest Airlines reported revenue growth in the fourth quarter when compared to both the prior quarter and the same period a year earlier, extending its upward trend. The sequential increase was modest, while the year-over-year gain was slightly stronger.
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
+0.9%
Change from the immediately preceding quarter.
Year-over-year
+1.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.5B
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 |
|---|---|---|
| Mar 31, 2024 | $6.3B | +10.9% |
| Jun 30, 2024 | $7.4B | +4.5% |
| Sep 30, 2024 | $6.9B | +5.3% |
| Dec 31, 2024 | $6.9B | +1.6% |
Revenue performance
Revenue for the quarter rose relative to the third quarter, and also increased compared to the fourth quarter of the prior year, maintaining a pattern of year-over-year improvements seen throughout fiscal 2024.
Quarterly comparison
The sequential gain from the immediately preceding quarter was smaller than the year-over-year improvement, suggesting a deceleration in quarterly momentum. Compared to the same quarter one year earlier, the increase was positive though moderate.
What to watch
Monitor whether the sequential revenue growth rate can strengthen in upcoming quarters, given the deceleration observed in the current period.