What changed in Southwest Airlines Co.'s latest annual report
In the year ended 31 Dec 2025, Southwest Airlines Co.'s revenue rose 2.1% to USD 28.06bn, from USD 27.48bn; net income fell 5.2% to USD 441.00m, from USD 465.00m; cash and cash equivalents fell 57% to USD 3.23bn, from USD 7.51bn.
Year ended 31 Dec 2025. Source: 10-K filed 5 Feb 2026, read it on SEC EDGAR.
USD 27.48bn to USD 28.06bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 27.48bn | 28.06bn | Up 2.1% |
| Net income | 465.00m | 441.00m | Down 5.2% |
| Total assets | 33.75bn | 29.06bn | Down 13.9% |
| Long-term debt | 6.70bn | 4.93bn | Down 26.4% |
| Cash and cash equivalents | 7.51bn | 3.23bn | Down 57% |
| Shareholders' equity | 10.35bn | 7.98bn | Down 22.9% |
Questions people ask
Did Southwest Airlines Co.'s revenue grow last year?
Revenue grew 2.1%, from USD 27.48bn to USD 28.06bn in the year ended 31 Dec 2025.
Is Southwest Airlines Co. profitable?
Yes. Net income was USD 441.00m in the year ended 31 Dec 2025. The year before: USD 465.00m.
How much cash and debt does Southwest Airlines Co. have?
At its latest year end (31 Dec 2025), Southwest Airlines Co. reported cash and cash equivalents of USD 3.23bn and long-term debt of USD 4.93bn.
Where do these numbers come from?
From Southwest Airlines Co.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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