Southwest Airlines (LUV) Accumulated Expenses (2009 - 2026)

Southwest Airlines (LUV) has 18 years of Accumulated Expenses data on file, last reported at $2.2 billion in Q1 2026.

• For the quarter ending Q1 2026, Accumulated Expenses rose 9.71% year-over-year to $2.2 billion; the trailing twelve-month figure through Mar 2026 stood at $2.2 billion (up 9.71% YoY), and the FY2025 full-year result was $2.3 billion, up 6.48% from the prior year.
• Accumulated Expenses for Q1 2026 stood at $2.2 billion, down from $2.3 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.
• The 5-year median for Accumulated Expenses is $2.1 billion (2024), against an average of $2.2 billion.
• The widest annual swing landed in 2023, when Accumulated Expenses surged 76.51%; it then tumbled 38.82% in 2024.
• A 5-year view of Accumulated Expenses shows it stood at $2.0 billion in 2022, then soared by 76.51% to $3.6 billion in 2023, then sank by 38.82% to $2.2 billion in 2024, then gained by 6.48% to $2.3 billion in 2025, then declined by 7.62% to $2.2 billion in 2026.
• The last three Accumulated Expenses figures came in at $2.2 billion (Q1 2026), $2.3 billion (Q4 2025), and $2.1 billion (Q3 2025), per Business Quant data.

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