Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 Jun. 2026 was €266 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was €919 Mil.
Southwest Airlines Co's pretax margin was 3.63%.
During the past 13 years, Southwest Airlines Co's highest Pretax Margin was 17.00%. The lowest was -47.04%. And the median was 5.73%.
During the past 13 years, Southwest Airlines Co's highest Pretax Margin was 17.00%. The lowest was -47.04%. And the median was 5.73%.
* 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.
Southwest Airlines Co Pre-Tax Income Related Terms
Southwest Airlines Co Pre-Tax Income Historical Data
* Premium members only.
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.
FRA:SWN vs AAL, UAL, CPA: Pre-Tax Income Comparison
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 Pre-Tax Income vs 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.
Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €919 Mil.
* 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.
Southwest Airlines Co (FRA:SWN) has a Pre-Tax Income of €919 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Southwest Airlines Co and its competitors.
Is Southwest Airlines Co's Pre-Tax Income too high?
Southwest Airlines Co's current Pre-Tax Income is €919 Mil. Overall, Southwest Airlines Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Southwest Airlines Co's Pre-Tax Income compare to AAL and UAL?
Southwest Airlines Co's Pre-Tax Income of €919 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Transportation company?
A good Pre-Tax Income depends on the Transportation industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Southwest Airlines Co and its competitors. Southwest Airlines Co's current Pre-Tax Income is €919 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southwest Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Southwest Airlines Co (FRA:SWN) is currently considered Fairly Valued. The stock's GF Value™ is €37.44, compared to a current price of €39.65 — trading 5.9% above its estimated fair value. The current Pre-Tax Income is €919 Mil. Southwest Airlines Co's overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Southwest Airlines Co (FRA:SWN), the current Pre-Tax Income is €919 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Southwest Airlines Co (FRA:SWN) Overvalued in 2026?
Based on GuruFocus' analysis, Southwest Airlines Co stock appears to be overvalued.
The current stock price of €39.65 is trading 5.9% above its estimated GF Value™ of €37.44.
GuruFocus considers Southwest Airlines Co to be Fairly Valued.
Key valuation signals for FRA:SWN:
Pre-Tax Income: €919 Mil
GF Value™: €37.44 vs. price of €39.65 (5.9% above fair value)
No single metric tells the full story. See the FRA:SWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates nearly 800 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 operated with a simple cabin configuration in a point-to-point network. In early 2026, Southwest modified its cabins to offer some rows with extra legroom, its ticketing process and merchandising to offer assigned seats, and more fare categories to include a basic economy class that appears for the first time in travel aggregators' search results and more directly competes with other airlines' offerings.
86GF Score
Get the complete analysis for FRA:SWN
Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:SWN has been successfully added to your 
