Southwest Airlines (LUV) Assets (2009 - 2026)
Southwest Airlines (LUV) recorded Assets of $30.12 billion in Q2 2026, up 4.9% from $28.71 billion a year earlier and up 2.6% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Assets (2009 - 2026) Analysis & Trends
At the end of FY2025, Southwest Airlines reported Assets of $29.06 billion, down 13.9% from FY2024.
- Annual Assets has a five-year compound annual growth rate of -3.4% (FY2020 to FY2025).
- Across earlier years, Assets came in at $33.75 billion in FY2024 (-7.5%), $36.49 billion in FY2023 (+3.2%), $35.37 billion in FY2022 (-2.6%) and $36.32 billion in FY2021 (+5.0%).
- The Q2 2026 figure is the highest quarterly Assets since Q1 2025.
- On a year-over-year basis, Assets rose in 1 of the last eight quarters, with an average decline of 10.0%.
- Peak year-over-year performance for Assets in the last five years was growth of 5.0% in Q4 2021, against a decline of 19.3% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $29.36 billion (Q1 2026), $29.06 billion (Q4 2025) and $28.31 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.50 Bn | 165.03 Bn | - | 71.21 Bn |
| 2 | Csx | 88.86 Bn | 85.07 Bn | - | 44.73 Bn |
| 3 | United Parcel Service | 82.91 Bn | 59.81 Bn | - | 71.27 Bn |
| 4 | Canadian Pacific Kansas City | 76.79 Bn | 75.81 Bn | - | 62.83 Bn |
| 5 | Norfolk Southern | 72.78 Bn | 67.42 Bn | - | 45.12 Bn |
| 6 | Fedex | 69.54 Bn | 35.48 Bn | - | 98.94 Bn |
| 7 | Delta Air Lines | 48.82 Bn | 31.01 Bn | - | 86.05 Bn |
| 8 | Old Dominion Freight Line | 38.83 Bn | 38.10 Bn | - | 5.74 Bn |
| 9 | United Airlines Holdings | 31.02 Bn | -25.36 Bn | - | 84.57 Bn |
| 10 | Southwest Airlines | 18.96 Bn | 5.59 Bn | - | 30.12 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.12 Bn |
| Mar 31, 2026 | 29.36 Bn |
| Dec 31, 2025 | 29.06 Bn |
| Sep 30, 2025 | 28.31 Bn |
| Jun 30, 2025 | 28.71 Bn |
| Mar 31, 2025 | 33.21 Bn |
| Dec 31, 2024 | 33.75 Bn |
| Sep 30, 2024 | 34.85 Bn |
| Jun 30, 2024 | 35.56 Bn |
| Mar 31, 2024 | 36.02 Bn |
| Dec 31, 2023 | 36.49 Bn |
| Sep 30, 2023 | 36.98 Bn |
| Jun 30, 2023 | 36.52 Bn |
| Mar 31, 2023 | 35.55 Bn |
| Dec 31, 2022 | 35.37 Bn |
| Sep 30, 2022 | 35.95 Bn |
| Jun 30, 2022 | 38.30 Bn |
| Mar 31, 2022 | 37.26 Bn |
| Dec 31, 2021 | 36.32 Bn |
| Sep 30, 2021 | 37.11 Bn |
API Access
Southwest Airlines Assets API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=assets&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "assets", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=assets&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();