Growth Metrics

Southwest Airlines (LUV) Change in Accured Expenses (2009 - 2026)

Southwest Airlines posted quarterly Change in Accured Expenses of -$77.0 million for Q1 2026, up 38.89% year-on-year from -$55.4 million in Q1 2025, and down 118.03% on a QoQ basis from $427.0 million in Q4 2025.

Southwest Airlines (LUV) has 18 years of Change in Accured Expenses data on file, last reported at -$77.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Accured Expenses rose 38.89% year-over-year to -$77.0 million; the trailing twelve-month figure through Mar 2026 stood at $389.0 million (up 119.98% YoY), and the FY2025 full-year result was $218.0 million, up 115.99% from the prior year.
  • Change in Accured Expenses for Q1 2026 stood at -$77.0 million, down from $427.0 million in the prior quarter.
  • Across five years, Change in Accured Expenses topped out at $1.6 billion in Q4 2023 and bottomed at -$1.2 billion in Q4 2024.
  • The 5-year median for Change in Accured Expenses is -$72.0 million (2023), against an average of -$76.6 million.
  • The widest annual swing landed in 2022, when Change in Accured Expenses sank 1322.22%; it then soared 303.38% in 2023.
  • A 5-year view of Change in Accured Expenses shows it stood at -$770.0 million in 2022, then jumped by 303.38% to $1.6 billion in 2023, then plunged by 178.35% to -$1.2 billion in 2024, then soared by 134.8% to $427.0 million in 2025, then plunged by 118.03% to -$77.0 million in 2026.
  • The last three Change in Accured Expenses figures came in at -$77.0 million (Q1 2026), $427.0 million (Q4 2025), and $11.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Accured Expenses (Qtr)
1 Delta Air Lines 53.78 Bn 48.72 Bn 15.19 Bn -
2 Southwest Airlines 21.39 Bn 18.06 Bn 6.21 Bn -77.00 Mn
3 Grupo Aeromexico, S.A.B. de C.V 18.50 Bn 17.47 Bn -239.00 Mn -
4 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.98 Bn - -
5 Alaska Air 5.26 Bn 3.49 Bn 3.20 Bn -
6 Skywest 3.43 Bn 2.80 Bn 924.11 Mn -
7 Copa Holdings 3.33 Bn 1.99 Bn 713.71 Mn -
8 Jetblue Airways 2.03 Bn -140.72 Mn 1.87 Bn -
9 Allegiant Travel 1.67 Bn 765.78 Mn 651.87 Mn -
10 Frontier Group Holdings 1.39 Bn 618.26 Mn 724.00 Mn 256.00 Mn

Historic Data

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DateValue
Mar 31, 2026 -77.00 Mn
Mar 31, 2026 -77.00 Mn
Dec 31, 2025 427.00 Mn
Dec 31, 2025 427.00 Mn
Sep 30, 2025 11.00 Mn
Sep 30, 2025 11.00 Mn
Jun 30, 2025 28.00 Mn
Jun 30, 2025 28.00 Mn
Mar 31, 2025 -126.00 Mn
Mar 31, 2025 -126.00 Mn
Dec 31, 2024 -1.23 Bn
Dec 31, 2024 -1.23 Bn
Sep 30, 2024 -18.00 Mn
Sep 30, 2024 -18.00 Mn
Jun 30, 2024 -576.00 Mn
Jun 30, 2024 -576.00 Mn
Mar 31, 2024 -897.00 Mn
Mar 31, 2024 -897.00 Mn
Dec 31, 2023 1.57 Bn
Dec 31, 2023 1.57 Bn
Sep 30, 2023 -89.00 Mn
Sep 30, 2023 -89.00 Mn
Jun 30, 2023 364.00 Mn
Jun 30, 2023 364.00 Mn
Mar 31, 2023 -72.00 Mn
Mar 31, 2023 -72.00 Mn
Dec 31, 2022 -770.00 Mn
Dec 31, 2022 -770.00 Mn
Sep 30, 2022 -70.00 Mn
Sep 30, 2022 -70.00 Mn
Jun 30, 2022 328.00 Mn
Jun 30, 2022 328.00 Mn
Mar 31, 2022 -105.00 Mn
Mar 31, 2022 -105.00 Mn
Dec 31, 2021 63.00 Mn
Dec 31, 2021 63.00 Mn
Sep 30, 2021 -88.00 Mn
Sep 30, 2021 -88.00 Mn
Jun 30, 2021 989.00 Mn
Jun 30, 2021 989.00 Mn
Mar 31, 2021 -122.00 Mn
Mar 31, 2021 -122.00 Mn
Dec 31, 2020 543.00 Mn
Dec 31, 2020 543.00 Mn
Sep 30, 2020 26.00 Mn
Sep 30, 2020 26.00 Mn
Jun 30, 2020 1.20 Bn
Jun 30, 2020 1.20 Bn
Mar 31, 2020 -1.29 Bn
Mar 31, 2020 -1.29 Bn
Dec 31, 2019 -67.00 Mn
Dec 31, 2019 -67.00 Mn
Sep 30, 2019 -87.00 Mn
Sep 30, 2019 -87.00 Mn
Jun 30, 2019 -54.00 Mn
Jun 30, 2019 -54.00 Mn
Mar 31, 2019 -69.00 Mn
Mar 31, 2019 -69.00 Mn
Dec 31, 2018 465.00 Mn
Dec 31, 2018 465.00 Mn
Sep 30, 2018 161.00 Mn
Sep 30, 2018 161.00 Mn
Dec 31, 2017 390.00 Mn
Dec 31, 2017 390.00 Mn
Sep 30, 2017 87.00 Mn
Sep 30, 2017 87.00 Mn
Jun 30, 2017 -335.00 Mn
Jun 30, 2017 -335.00 Mn
Mar 31, 2017 92.00 Mn
Mar 31, 2017 92.00 Mn
Dec 31, 2016 -51.00 Mn
Dec 31, 2016 -51.00 Mn
Sep 30, 2016 247.00 Mn
Sep 30, 2016 247.00 Mn
Jun 30, 2016 -288.00 Mn
Jun 30, 2016 -288.00 Mn
Mar 31, 2016 313.00 Mn
Mar 31, 2016 313.00 Mn
Dec 31, 2015 537.00 Mn
Dec 31, 2015 537.00 Mn
Sep 30, 2015 380.00 Mn
Sep 30, 2015 380.00 Mn
Jun 30, 2015 -134.00 Mn
Jun 30, 2015 -134.00 Mn
Mar 31, 2015 177.00 Mn
Mar 31, 2015 177.00 Mn
Dec 31, 2014 122.00 Mn
Dec 31, 2014 122.00 Mn
Sep 30, 2014 -534.00 Mn
Sep 30, 2014 -534.00 Mn
Jun 30, 2014 424.00 Mn
Jun 30, 2014 424.00 Mn
Mar 31, 2014 24.00 Mn
Mar 31, 2014 24.00 Mn
Dec 31, 2013 158.00 Mn
Dec 31, 2013 158.00 Mn
Sep 30, 2013 -98.00 Mn
Sep 30, 2013 -98.00 Mn
Jun 30, 2013 162.00 Mn
Jun 30, 2013 162.00 Mn
Mar 31, 2013 120.00 Mn
Mar 31, 2013 120.00 Mn
Dec 31, 2012 72.00 Mn
Dec 31, 2012 72.00 Mn
Sep 30, 2012 -187.00 Mn
Sep 30, 2012 -187.00 Mn
Jun 30, 2012 77.00 Mn
Jun 30, 2012 77.00 Mn
Mar 31, 2012 225.00 Mn
Mar 31, 2012 225.00 Mn
Dec 31, 2011 -13.00 Mn
Dec 31, 2011 -13.00 Mn
Sep 30, 2011 -39.00 Mn
Sep 30, 2011 -39.00 Mn
Jun 30, 2011 67.00 Mn
Jun 30, 2011 67.00 Mn
Mar 31, 2011 238.00 Mn
Mar 31, 2011 238.00 Mn
Dec 31, 2010 4.00 Mn
Dec 31, 2010 4.00 Mn
Sep 30, 2010 -5.00 Mn
Sep 30, 2010 -5.00 Mn
Jun 30, 2010 279.00
Jun 30, 2010 279.00
Mar 31, 2010 -85.00 Mn
Mar 31, 2010 -85.00 Mn
Dec 31, 2009 101.00 Mn
Dec 31, 2009 101.00 Mn
Sep 30, 2009 -147.00 Mn
Sep 30, 2009 -147.00 Mn
Jun 30, 2009 104.00 Mn
Jun 30, 2009 104.00 Mn