Southwest Airlines (LUV) Accumulated Expenses (2009 - 2026)
Southwest Airlines' (LUV) quarterly Accumulated Expenses came in at $2.2 billion in Q2 2026, up 10.15% on a YoY basis from $2.0 billion in Q2 2025, and up 3.55% quarter-over-quarter from $2.2 billion in Q1 2026.
Analysis
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.
- For the quarter ending Q2 2026, Accumulated Expenses rose 10.15% year-over-year to $2.2 billion; the trailing twelve-month figure through Jun 2026 stood at $2.2 billion (up 10.15% YoY), and the FY2025 full-year result was $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.
- Across five years, Accumulated Expenses topped out at $3.6 billion in Q4 2023 and bottomed at $1.4 billion in Q1 2022.
- Historically, Accumulated Expenses has averaged $2.2 billion across 5 years, with a median of $2.1 billion in 2023.
- The sharpest annual moves came in 2023 and 2024: Accumulated Expenses soared 76.51% in 2023, then slumped 38.82% in 2024.
- Over 5 years, Accumulated Expenses stood at $2.0 billion in 2022, then jumped by 76.51% to $3.6 billion in 2023, then plunged by 38.82% to $2.2 billion in 2024, then advanced by 6.48% to $2.3 billion in 2025, then retreated 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 52.35 Bn | 47.68 Bn | 19.07 Bn |
| 2 | Ryanair Holdings | 27.93 Bn | 24.00 Bn | - |
| 3 | Southwest Airlines | 20.05 Bn | 16.26 Bn | 7.33 Bn |
| 4 | Copa Holdings | 5.42 Bn | 4.16 Bn | 1.03 Bn |
| 5 | Alaska Air | 4.52 Bn | 1.86 Bn | 3.76 Bn |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.25 Bn | 1.21 Bn | - |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn |
| 9 | Jetblue Airways | 1.65 Bn | -372.51 Mn | 2.32 Bn |
| 10 | Frontier Group Holdings | 1.34 Bn | 384.76 Mn | - |
Historic Data
Download Data
Historic 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 |