Southwest Airlines Co (WBO:LUV) Pre-Tax Income : €503 Mil (TTM As of Mar. 2024)

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What is Southwest Airlines Co Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Southwest Airlines Co's pretax income for the three months ended in Mar. 2024 was €-274 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2024 was €503 Mil. Southwest Airlines Co's pretax margin was -4.71%.

During the past 13 years, Southwest Airlines Co's highest Pretax Margin was 17.55%. The lowest was -47.04%. And the median was 11.47%.

Southwest Airlines Co Pre-Tax Income Historical Data

The historical data trend for Southwest Airlines Co's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southwest Airlines Co Pre-Tax Income Chart

Southwest Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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2,661.30

-3,498.43

1,172.63

687.23

580.46

Southwest Airlines Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pre-Tax Income	Get a 7-Day Free Trial															-191.47	817.78	222.07	-262.26	-274.16

Competitive Comparison of Southwest Airlines Co's Pre-Tax Income

For the Airlines subindustry, Southwest Airlines Co's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southwest Airlines Co's Pre-Tax Income Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Southwest Airlines Co's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Southwest Airlines Co's Pre-Tax Income falls into.

Southwest Airlines Co Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Southwest Airlines Co's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	205.408	+	56.854	+	-216.412	+	534.611	+	0
	=	580

Southwest Airlines Co's Pretax Income for the quarter that ended in Mar. 2024 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	-361.56	+	11.04	+	-53.36	+	129.72	+	-5.6843418860808E-14
	=	-274

Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €503 Mil.

Southwest Airlines Co (WBO:LUV) Pre-Tax Income Explanation

Southwest Airlines Co's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	-274.16	/	5822.68
	=	-4.71%

During the past 13 years, Southwest Airlines Co's highest Pretax Margin was 17.55%. The lowest was -47.04%. And the median was 11.47%.

Southwest Airlines Co Pre-Tax Income Related Terms

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Southwest Airlines Co (WBO:LUV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Southwest Airlines Co (WBO:LUV) » Definitions » Pre-Tax Income

Comparable Companies

Traded in Other Exchanges

LUV:USA LUV:Mexico SWN:Germany S1OU34:Brazil

Address

P.O. Box 36611, Dallas, TX, USA, 75235-1611

Website

https://www.southwest.com

Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates over 700 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights, using a point-to-point network. Southwest operates a low-cost carrier business model.