Short answer
Southwest Airlines (LUV) filed its Q3 2025 10-Q quarterly report on Oct 23, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $6.9B (up 1.1% year over year) with net income of $54M.
Q3 2025 key financials · XBRL
- Revenue
- $6.9B
- +1.1% YoY · −4.1% QoQ
- Net income
- $54M
- −19.4% YoY · −74.6% QoQ
- Operating margin
- 0.5%
- EPS (diluted)
- $0.10
- −9.1% YoY · −73.0% QoQ
Source: XBRL data from the Southwest Airlines (LUV) Q3 2025 10-Q on SEC EDGAR. USD.
Southwest Airlines Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- No profitability or margin data provided in the forward-looking statements section
- No performance data on segments or product lines included here
- No information on cash position, operating cash flow, or capital deployment changes in this section
- Management highlights numerous forward-looking factors and risks influencing 2025-2026 financial targets and operational plans
Risk Factors
- New risk: Workforce reduction in February 2025 causing $53M severance expense, raising labor cost pressure
- Most updated risk: Rising landing fees and airport rentals up 11.6% YOY due to higher airport lease rates and fewer favorable settlements
- Regulatory risk: Enactment of July 4, 2025 One Big Beautiful Bill, no material tax impact expected for 2025
- Operational risk: Inflation-driven increase in salaries, wages and benefits by 6.4%, with contract wage rate inflation as main driver
- Financial risk: Interest expense down 37.2% YOY due to significant debt repayments since Q3 2024
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Southwest Airlines quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.