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Southwest Airlines Co

Common Name
Southwest Airlines
Country
United States
Sector
Industrials
Industry
Airlines
Employees
72,223
Ticker
LUV
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Southwest Airlines Co. is a major U.S. airline specializing in passenger air travel, operating primarily within the airline industry. Recognized for its point-to-point route structure and low-cost ope...

Southwest Airlines's GHG Emissions Data Preview

In 2024, Southwest Airlines completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Southwest Airlines has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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a
0000000
Location-Based
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a
0000000
Total Scope 3
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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$curl "https://tracenable.com/api/v1/ghg-emissions/absolute?ticker=LUV&reporting_period=2024"

Verified Sources Behind Southwest Airlines’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Southwest Airlines’s data sources below and access millions more through our Disclosure Search.

a. Southwest Airlines's Sustainability Report 2024
a. Southwest Airlines's Sustainability Report 2024
b. Southwest Airlines's Sustainability Report 2023
b. Southwest Airlines's Sustainability Report 2023

Insights into Southwest Airlines's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSouthwest Airlines amounted to21,120,589metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Southwest Airlinesincreased by 2%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Southwest Airlines's Scope 1 Emissions Over Time

20192020202120222023202405.5 M11 M16.5 M22 MtCO2e-39%+31%+15%+12%+2%
  • Total Scope 1
  • Year-over-Year Change

What are Southwest Airlines's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Southwest Airlines were 21,091,127 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Southwest Airlines reduced its Scope 1 emissions over time?

Since 2019, Southwest Airlines's Scope 1 emissions have increased by 5.3%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Southwest Airlines's Scope 1 emissions increased by 2.04%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Southwest Airlines's Scope 2 emissions?

In 2024, Southwest Airlines reported Scope 2 greenhouse gas (GHG) emissions of 16,712 tCOâ‚‚e using the market-based method and 29,462 tCOâ‚‚e using the location-based method.a

Has Southwest Airlines reduced its Scope 2 emissions over time?

Since 2019, Southwest Airlines's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 34.21%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Southwest Airlines's Scope 2 emissions(Location-Based) fell by 17.75% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Southwest Airlines use for Scope 2 reporting?

In 2024, Southwest Airlines reported its Scope 2 emissions using the market-based method and using the location-based method.a

Southwest Airlines's Scope 2 Emissions Over Time

201920202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Southwest Airlines's Value Chain Emissions

In 2024, Southwest Airlines reported 5,859,662 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Southwest Airlines includes a breakdown across 7of the 15 Scope 3 categories defined by the GHG Protocol,up from 5 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Southwest Airlines's Scope 3 Emissions Over Time

20192020202120222023202402 M4 M6 M8 MtCO2e-38%+30%+66%+14%-8%
  • Total Scope 3
  • Year-over-Year Change

What are Southwest Airlines's Scope 3 emissions?

In 2024, Southwest Airlines reported total Scope 3 emissions of 5,859,662 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 99.85%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.15%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Southwest Airlines reduced its Scope 3 emissions over time?

Since 2019, Southwest Airlines's Scope 3 emissionshave increased by 39.83%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Southwest Airlines's Scope 3 emissions remained relatively stable, indicating that Southwest Airlines's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Southwest Airlines disclose?

In 2024, Southwest Airlines reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Southwest Airlines's Scope 3 emissions?

In 2024, the largest contributors to Southwest Airlines's Scope 3 emissions were:a

  • Fuel- and Energy-Related Services (Cat. 3): 4,507,835 tCOâ‚‚e(76.93%)
  • Purchased Goods and Services (Cat. 1): 995,984 tCOâ‚‚e(17%)
  • Employee Commuting (Cat. 7): 156,671 tCOâ‚‚e(2.67%)

Southwest Airlines's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(17.0%)Fuel- andEnergy-RelatedServices (Cat. 3)(76.9%)Employee Commuting(Cat. 7)(2.7%)

Insights into Southwest Airlines’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Southwest Airlines reported Scope 1 greenhouse gas (GHG) emissions of 21,091,127 tCOâ‚‚e and total revenues of USD 27,483 millions. This translates into an emissions intensity of 767.42 tCOâ‚‚e per millions USD.a

Southwest Airlines's Scope 1 Emissions Intensity Compared to Peers

1,00020,000500,00010,000,000200,000,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)Waste Management IncYear: 2024Scope 1: 13,525,800 tCO2eRevenue: $M 22,063Scope 1 Intensity: 613.05 tCO2e/$MJ B Hunt Transport ServicesYear: 2024Scope 1: 1,821,012 tCO2eRevenue: $M 12,087Scope 1 Intensity: 150.66 tCO2e/$MStanley Black & DeckerYear: 2024Scope 1: 101,044 tCO2eRevenue: $M 15,366Scope 1 Intensity: 6.58 tCO2e/$MJacobs SolutionsYear: 2023Scope 1: 16,512 tCO2eRevenue: $M 10,852Scope 1 Intensity: 1.52 tCO2e/$MFluorYear: 2024Scope 1: 6,420 tCO2eRevenue: $M 16,315Scope 1 Intensity: 0.39 tCO2e/$MGlobal PaymentsYear: 2024Scope 1: 7,797 tCO2eRevenue: $M 10,106Scope 1 Intensity: 0.77 tCO2e/$MEmerson ElectricYear: 2024Scope 1: 64,976 tCO2eRevenue: $M 17,492Scope 1 Intensity: 3.71 tCO2e/$MAmerican Airlines GroupYear: 2024Scope 1: 39,946,681 tCO2eRevenue: $M 54,211Scope 1 Intensity: 736.87 tCO2e/$MAvis Budget GroupYear: 2024Scope 1: 6,220,995 tCO2eRevenue: $M 11,622Scope 1 Intensity: 535.28 tCO2e/$MCSXYear: 2023Scope 1: 4,239,321 tCO2eRevenue: $M 14,657Scope 1 Intensity: 289.24 tCO2e/$MAECOMYear: 2024Scope 1: 29,072 tCO2eRevenue: $M 16,105Scope 1 Intensity: 1.81 tCO2e/$MUnion PacificYear: 2024Scope 1: 9,286,290 tCO2eRevenue: $M 24,250Scope 1 Intensity: 382.94 tCO2e/$MOtis WorldwideYear: 2024Scope 1: 120,275 tCO2eRevenue: $M 14,261Scope 1 Intensity: 8.43 tCO2e/$MUnited Airlines HoldingsYear: 2024Scope 1: 38,520,027 tCO2eRevenue: $M 57,063Scope 1 Intensity: 675.04 tCO2e/$MTextronYear: 2024Scope 1: 230,896 tCO2eRevenue: $M 13,702Scope 1 Intensity: 16.85 tCO2e/$MRyder SystemYear: 2024Scope 1: 869,939 tCO2eRevenue: $M 12,708Scope 1 Intensity: 68.46 tCO2e/$MCH Robinson WorldwideYear: 2024Scope 1: 12,017 tCO2eRevenue: $M 17,724Scope 1 Intensity: 0.68 tCO2e/$MAGCOYear: 2024Scope 1: 64,279 tCO2eRevenue: $M 11,662Scope 1 Intensity: 5.51 tCO2e/$MHuntington Ingalls IndustriesYear: 2024Scope 1: 80,948 tCO2eRevenue: $M 11,535Scope 1 Intensity: 7.02 tCO2e/$MExpeditorsYear: 2024Scope 1: 8,075 tCO2eRevenue: $M 10,601Scope 1 Intensity: 0.76 tCO2e/$MSkyWestYear: 2024Scope 1: 5,566,845 tCO2eRevenue: $M 3,528Scope 1 Intensity: 1,577.94 tCO2e/$MPaccarYear: 2024Scope 1: 105,879 tCO2eRevenue: $M 33,664Scope 1 Intensity: 3.15 tCO2e/$MDelta Air LinesYear: 2024Scope 1: 37,284,766 tCO2eRevenue: $M 61,643Scope 1 Intensity: 604.85 tCO2e/$MJetBlue AirwaysYear: 2021Scope 1: 6,853,927 tCO2eRevenue: $M 6,037Scope 1 Intensity: 1,135.32 tCO2e/$MAlaska Air GroupYear: 2024Scope 1: 10,321,898 tCO2eRevenue: $M 11,735Scope 1 Intensity: 879.58 tCO2e/$MSouthwest AirlinesYear: 2024Scope 1: 21,091,127 tCO2eRevenue: $M 27,483Scope 1 Intensity: 767.42 tCO2e/$M

How does Southwest Airlines's GHG emissions intensity compare to its peers?

In 2024, Southwest Airlines reported a Scope 1 emissions intensity of 767.42 tCOâ‚‚e per millions USD. Compared to the peer group median of 16.85, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Southwest Airlines rank on GHG emissions intensity within its industry?

In 2024, Southwest Airlines ranked 23 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Southwest Airlines among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Southwest Airlines's Total Carbon Footprint

In 2024, Southwest Airlines reported a total carbon footprint of 26,980,251 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.43% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Southwest Airlines's total carbon footprint was Scope 1 emissions, accounting for 78.17% of the company's total carbon footprint, followed by Scope 3 emissions at 21.72%.a

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