• Southwest Airlines average ebitda margin for 2023 was 7.6%, a 41.98% decline from 2022.
• Southwest Airlines average ebitda margin for 2022 was 13.1%, a 1347.62% decline from 2021.
• Southwest Airlines average ebitda margin for 2021 was -1.05%, a 56.97% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.