Southwest Airlines revenue for the twelve months ending September 30, 2023 was $25.440B, a 12.11% increase year-over-year. Southwest Airlines annual revenue for 2022 was $23.814B, a 50.82% increase from 2021. Southwest Airlines annual revenue for 2021 was $15.79B, a 74.51% increase from 2020.
Is Southwest Airlines in debt?
Southwest Airlines has a total shareholder equity of $11.1B and total debt of $8.0B, which brings its debt-to-equity ratio to 72.2%. Its total assets and total liabilities are $37.0B and $25.9B respectively. Southwest Airlines's EBIT is $310.0M making its interest coverage ratio -1.
Is Southwest Airlines profitable?
That was clear in Southwest's results. It was profitable, but barely. Its operating profit margin excluding items was just 3.4%. Capacity grew 12.5% from a year ago, but passenger traffic grew only about half as much.
Is Southwest Airlines successful?
The carrier ranked No. 23 overall and No. 3 on the airline industry list, improving its ranking from FORTUNE's 2022 list. Southwest® has been featured consistently on the World's Most Admired Companies list since 2009.
Is Southwest Airlines financially stable?
Should I invest in Southwest Air?
Southwest Airlines has received a consensus rating of Hold. The company's average rating score is 2.12, and is based on 4 buy ratings, 11 hold ratings, and 2 sell ratings.
Will Southwest survive?
While Southwest struggles to make things right with customers, subsequent issues will garner coverage. With thousands of news stories and social media posts that chronicled cancelled flights, difficulties reaching customer service and the baggage debacle, it will take years for Southwest to recover fully.
What is the most profitable airline in the United States?
By company revenueDelta Air Lines is the largest by revenue, assets value and market capitalization. American Airlines Group is the largest by number of employees. cap.
Who owns most of Southwest Airlines?
Largest shareholders include Vanguard Group Inc, Primecap Management Co/ca/, Capital World Investors, State Street Corp, BlackRock Inc., VPMCX – Vanguard PRIMECAP Fund Investor Shares, Price T Rowe Associates Inc /md/, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, T.
Who is the largest shareholder of Southwest Airlines?
Largest shareholders include Vanguard Group Inc, Primecap Management Co/ca/, Capital World Investors, State Street Corp, BlackRock Inc., VPMCX – Vanguard PRIMECAP Fund Investor Shares, Price T Rowe Associates Inc /md/, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, T.