Southwest Airlines (LUV) Revenue — Quarter Ended Sep 30, 2025
Revenue for the reporting quarter decreased from the prior quarter, a sequential decline after the previous period's stronger performance. However, compared to the same quarter a year ago, revenue was higher, reflecting year-over-year growth.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue for the reporting quarter decreased from the prior quarter, a sequential decline after the previous period's stronger performance. However, compared to the same quarter a year ago, revenue was higher, reflecting year-over-year growth.
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
-4.1%
Change from the immediately preceding quarter.
Year-over-year
+1.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.6B
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, 2024 | $6.9B | +1.6% |
| Mar 31, 2025 | $6.4B | +1.6% |
| Jun 30, 2025 | $7.2B | -1.5% |
| Sep 30, 2025 | $6.9B | +1.1% |
Revenue performance
The reported revenue moved lower on a sequential basis, indicating a weaker performance in the quarter relative to the immediate prior period.
Quarterly comparison
Year-over-year, revenue increased compared to the same quarter one year earlier, showing annual improvement. The sequential decline, however, marks a change from the prior quarter's growth.
What to watch
The sequential decline in revenue should be monitored to assess whether the trend continues or reverses in upcoming quarters.