Southwest Airlines Co. (LUV) Revenue by Segment
Southwest Airlines revenue by segment at a glance
In Q2 fiscal 2026 (the quarter ended June 30, 2026), Southwest Airlines's largest product or service was Passenger Revenue, Non-Loyalty, with $6.10 billion or 72% of revenue, up 12.0% from a year earlier. Next: Passenger Ancillary Sold Separately (10%), Passenger Loyalty, Air Transportation (9%) and Other - Loyalty Program (7%).
The fastest-growing product or service from a year earlier was Passenger Ancillary Sold Separately (+183.2%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.
Southwest Airlines Co.
Revenue breakdown
Fiscal quarters, from company filings
Southwest Airlines revenue by product or service, last 4 quarters
| Product or service | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Passenger Revenue, Non-Loyalty | $6.1B | $5.2B | $4.9B | $5.4B | 72% |
| Passenger Ancillary Sold Separately | $875.0M | $715.0M | $612.0M | $309.0M | 10% |
| Passenger Loyalty, Air Transportation | $766.0M | $688.0M | $805.0M | $870.0M | 9% |
| Other - Loyalty Program | $578.0M | $557.0M | – | $536.0M | 7% |
| Other - Other Miscellaneous | $59.0M | $57.0M | – | $37.0M | 1% |
| Cargo and Freight | $50.0M | $44.0M | $42.0M | $44.0M | 1% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Questions and answers
Which product or service makes the most money for Southwest Airlines?
Passenger Revenue, Non-Loyalty: $6.10 billion, or 72% of revenue, in Q2 fiscal 2026.
What are Southwest Airlines's main products and services?
By revenue in Q2 fiscal 2026: Passenger Revenue, Non-Loyalty (72%), Passenger Ancillary Sold Separately (10%), Passenger Loyalty, Air Transportation (9%) and Other - Loyalty Program (7%).
