I was looking at the last fully published financial statements for Southwest Airlines for the year ended December 31, 2021 published May 2022 . We should have their 2022 financial statements in May 2023.
Here's a few observations as well as the link to those financial statements.
- In 2021, Southwest earned about 6 cents on every dollar of revenue after taxes.
- In 2021, Southwest had less than a year's annual revenues as cash.
- In 2021, Southwest had accumulated net earnings worth about a year's annual revenues in today's dollars.
