FinEdge Labs
L

LUV

LUVReviewed
6 segments tracked|6 years of data|Annual (10-K)
Total Revenue
$29.7B14.6%
FY2024
Operating Segments
6
Active segments
Blended Margin
0.0%
Operating margin
Highest Margin
0.0%
Passenger Revenue Non Loyalty
Segment Shift

Passenger Revenue Non Loyalty has grown from 78.4% to 69.0% of total revenue since FY2019, with 0.0% operating margins. Meanwhile, Passenger Ancillary Sold Separately is the fastest growing at +11.2% YoY.

Segment Revenue Over Time

Revenue Mix

Segment Breakdown — FY2024

SegmentRevenueOp. IncomeMargin% of TotalYoY
Passenger Revenue Non Loyalty$20.5B$00.0%69.0%+7.3%
Passenger Loyalty Air Transportation$3.5B$00.0%11.7%-4.3%
Product And Service Other$2.3B$00.0%7.8%+0.0%
Other Revenue$2.2B$00.0%7.4%+4.8%
Passenger Ancillary Sold Separately$1.0B$00.0%3.5%+11.2%
Cargo And Freight$175M$00.0%0.6%+0.0%

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