Southwest Airlines (LUV) Asset Utilization Ratio (2009 - 2026)

Southwest Airlines (LUV) reported Asset Utilization Ratio of 0.99 for Q1 2026, up 20.04% on a YoY basis from 0.82 in Q1 2025, and up 1.09% quarter-over-quarter from 0.98 in Q4 2025.

Southwest Airlines (LUV) Asset Utilization Ratio (2009 - 2026) Analysis & Trends

Southwest Airlines has reported Asset Utilization Ratio for 18 years, with the latest figure at 0.99 in Q1 2026.

  • For the quarter ending Q1 2026, Asset Utilization Ratio rose 20.04% year-over-year to 0.99; the trailing twelve-month figure through Mar 2026 stood at 0.99 (up 20.04% YoY), and the FY2025 full-year result was 0.89, up 14.18% from the prior year.
  • Asset Utilization Ratio for Q1 2026 stood at 0.99, up from 0.98 in the prior quarter.
  • The five-year high for Asset Utilization Ratio was 0.99 in Q1 2026, with the low at 0.5 in Q1 2022.
  • Historically, Asset Utilization Ratio has averaged 0.76 across 5 years, with a median of 0.74 in 2024.
  • Annual changes were most pronounced in 2022 — Asset Utilization Ratio surged 155.68% — and 2024, when it climbed 5.25%.
  • Southwest Airlines' Asset Utilization Ratio stood at 0.67 in 2022, then increased by 6.35% to 0.71 in 2023, then advanced by 12.81% to 0.8 in 2024, then gained by 22.09% to 0.98 in 2025, then advanced by 1.09% to 0.99 in 2026.
  • The last three Asset Utilization Ratio figures came in at 0.99 (Q1 2026), 0.98 (Q4 2025), and 0.97 (Q3 2025), per Business Quant data.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Ryanair Holdings 453.97 Bn 448.50 Bn 1.55 Bn 0.86
2 Delta Air Lines 54.89 Bn 49.84 Bn 15.19 Bn 0.79
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn 11,366.01
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn 0.99
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn 0.56
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn 0.71
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn 0.56
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - 0.55
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn 0.55
10 Allegiant Travel 1.82 Bn 921.81 Mn 651.87 Mn 0.58

Historic Data

Download Data
DateValue
Mar 31, 2026 0.99
Dec 31, 2025 0.98
Sep 30, 2025 0.97
Jun 30, 2025 0.89
Mar 31, 2025 0.82
Dec 31, 2024 0.80
Sep 30, 2024 0.78
Jun 30, 2024 0.76
Mar 31, 2024 0.74
Dec 31, 2023 0.71
Sep 30, 2023 0.69
Jun 30, 2023 0.70
Mar 31, 2023 0.70
Dec 31, 2022 0.67
Sep 30, 2022 0.61
Jun 30, 2022 0.56
Mar 31, 2022 0.50
Dec 31, 2021 0.43
Sep 30, 2021 0.34
Jun 30, 2021 0.27