Southwest Airlines (LUV) Capital Expenditures (2009 - 2026)

Southwest Airlines (LUV) has 18 years of Capital Expenditures data on file, last reported at $630.0 million in Q1 2026.

• For the quarter ending Q1 2026, Capital Expenditures rose 19.54% year-over-year to $630.0 million; the trailing twelve-month figure through Mar 2026 stood at $2.2 billion (down 29.16% YoY), and the FY2025 full-year result was $2.7 billion, up 30.14% from the prior year.
• Capital Expenditures for Q1 2026 stood at $630.0 million, down from $859.0 million in the prior quarter.
• Across five years, Capital Expenditures topped out at $2.0 billion in Q4 2024 and bottomed at $3.0 million in Q2 2022.
• The 5-year median for Capital Expenditures is $510.5 million (2024), against an average of $514.7 million.
• The widest annual swing landed in 2022, when Capital Expenditures surged 35633.33%; it then tumbled 98.81% in 2024.
• A 5-year view of Capital Expenditures shows it stood at $365.0 million in 2022, then plunged by 87.95% to $44.0 million in 2023, then jumped by 4509.09% to $2.0 billion in 2024, then tumbled by 57.64% to $859.0 million in 2025, then dropped by 26.66% to $630.0 million in 2026.
• The last three Capital Expenditures figures came in at $630.0 million (Q1 2026), $859.0 million (Q4 2025), and $678.0 million (Q3 2025), per Business Quant data.

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