Southwest Airlines (LUV) Accumulated Expenses (2009 - 2026)
Southwest Airlines (LUV) posted quarterly Accumulated Expenses of $2.2 billion for Q2 2026, up 10.15% year-on-year from $2.0 billion in Q2 2025, and up 3.55% on a QoQ basis from $2.2 billion in Q1 2026.
Southwest Airlines (LUV) Accumulated Expenses (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Accumulated Expenses for 18 consecutive years, with $2.2 billion the latest figure, recorded in Q2 2026.
- Quarterly Accumulated Expenses rose 10.15% year-over-year to $2.2 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.2 billion (up 10.15% YoY) and the FY2025 annual result came in at $2.3 billion, up 6.48% from the prior year.
- Accumulated Expenses advanced to $2.2 billion in Q2 2026 per LUV's latest filing, from $2.2 billion in the prior quarter.
- Over the last five years, Accumulated Expenses for LUV reached as high as $3.6 billion in Q4 2023 and fell as low as $1.4 billion in Q1 2022.
- A 5-year average of $2.2 billion and a median of $2.1 billion in 2023 frame the typical range for Accumulated Expenses.
- Annual changes were most pronounced in 2023 — Accumulated Expenses soared 76.51% — and 2024, when it plunged 38.82%.
- Year by year, Accumulated Expenses stood at $2.0 billion in 2022, then surged by 76.51% to $3.6 billion in 2023, then tumbled by 38.82% to $2.2 billion in 2024, then climbed by 6.48% to $2.3 billion in 2025, then decreased by 4.34% to $2.2 billion in 2026.
- According to Business Quant data, Accumulated Expenses over the past three periods registered $2.2 billion, $2.2 billion, and $2.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Latam Airlines | 29,341.35 Bn | 29,338.67 Bn | 1.28 Mn |
| 2 | Ryanair Holdings | 183.33 Bn | 180.79 Bn | - |
| 3 | Delta Air Lines | 53.61 Bn | 48.95 Bn | 19.07 Bn |
| 4 | Southwest Airlines | 21.85 Bn | 18.53 Bn | 7.33 Bn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.69 Bn | 7.93 Bn | - |
| 6 | Copa Holdings | 5.59 Bn | 4.26 Bn | 713.71 Mn |
| 7 | Alaska Air | 5.12 Bn | 3.35 Bn | 3.20 Bn |
| 8 | Skywest | 3.85 Bn | 3.22 Bn | 1.01 Bn |
| 9 | Jetblue Airways | 1.85 Bn | 1.44 Bn | 1.87 Bn |
| 10 | Allegiant Travel | 1.72 Bn | 818.03 Mn | 651.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.25 Bn |
| Mar 31, 2026 | 2.17 Bn |
| Dec 31, 2025 | 2.35 Bn |
| Sep 30, 2025 | 2.09 Bn |
| Jun 30, 2025 | 2.04 Bn |
| Mar 31, 2025 | 1.98 Bn |
| Dec 31, 2024 | 2.21 Bn |
| Sep 30, 2024 | 2.10 Bn |
| Jun 30, 2024 | 1.87 Bn |
| Mar 31, 2024 | 2.40 Bn |
| Dec 31, 2023 | 3.61 Bn |
| Sep 30, 2023 | 2.88 Bn |
| Jun 30, 2023 | 2.47 Bn |
| Mar 31, 2023 | 2.12 Bn |
| Dec 31, 2022 | 2.04 Bn |
| Sep 30, 2022 | 1.88 Bn |
| Jun 30, 2022 | 1.59 Bn |
| Mar 31, 2022 | 1.36 Bn |
| Dec 31, 2021 | 1.62 Bn |
| Sep 30, 2021 | 1.69 Bn |