Southwest Airlines Co (WBO:LUV) Tax Rate % : 22.48% (As of Mar. 2024)

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What is Southwest Airlines Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Southwest Airlines Co's Tax Expense for the three months ended in Mar. 2024 was €-62 Mil. Southwest Airlines Co's Pre-Tax Income for the three months ended in Mar. 2024 was €-274 Mil. Therefore, Southwest Airlines Co's Tax Rate % for the quarter that ended in Mar. 2024 was 22.48%.

Southwest Airlines Co Tax Rate % Historical Data

The historical data trend for Southwest Airlines Co's Tax Rate % 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 Tax Rate % Chart

Southwest Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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22.22

27.77

26.26

25.96

26.54

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
Tax Rate %	Get a 7-Day Free Trial															22.44	22.91	18.57	11.89	22.48

Southwest Airlines Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Southwest Airlines Co's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	154.056	/	580.461
	=	26.54 %

Southwest Airlines Co's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	-61.64	/	-274.16
	=	22.48 %

Southwest Airlines Co Tax Rate % 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 » Tax Rate %

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.