Southwest Airlines Co (LTS:0L8F) Tax Rate % : 20.67% (As of Dec. 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 Dec. 2024 was $68 Mil. Southwest Airlines Co's Pre-Tax Income for the three months ended in Dec. 2024 was $329 Mil. Therefore, Southwest Airlines Co's Tax Rate % for the quarter that ended in Dec. 2024 was 20.67%.

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

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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27.77

26.26

25.96

26.54

22.24

Southwest Airlines Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															11.89	22.48	23.22	24.72	20.67

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. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	133	/	598
	=	22.24 %

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

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	68	/	329
	=	20.67 %

Southwest Airlines Co Tax Rate % Related Terms

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Southwest Airlines Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Southwest Airlines Co (LTS:0L8F) » Definitions » Tax Rate %

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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 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 in a single, open-seating cabin configuration in a point-to-point network. In late 2025, Southwest will modify its cabins to offer some seats with extra legroom and will update its ticketing process to offer assigned seats.

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