5 Largest Airlines in the World in 2024

3. Southwest Airlines Co. (NYSE:LUV)

Market Capitalization: $20.44 billion

Southwest Airlines Co., a prominent American airline following a low-cost carrier model and based in Dallas, Texas, announced its financial results for the fourth quarter and full year ending on December 31, 2023. In the fourth quarter, the company reported a net loss of $219 million, or a loss of $0.37 per diluted share. Excluding special items, the net income for the same quarter was $233 million, or $0.37 per diluted share. For the full year, Southwest Airlines disclosed a net income of $498 million, equivalent to $0.81 per diluted share.