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

Southwest Airlines has reported Capital Expenditures for 18 years, with the latest figure 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.
• The five-year high for Capital Expenditures was $2.0 billion in Q4 2024, with the low at $3.0 million in Q2 2022.
• Historically, Capital Expenditures has averaged $514.7 million across 5 years, with a median of $510.5 million in 2024.
• Annual changes were most pronounced in 2022 — Capital Expenditures surged 35633.33% — and 2024, when it sank 98.81%.
• Southwest Airlines' Capital Expenditures stood at $365.0 million in 2022, then sank by 87.95% to $44.0 million in 2023, then soared by 4509.09% to $2.0 billion in 2024, then plunged by 57.64% to $859.0 million in 2025, then slipped 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.