Southwest Airlines (LUV) Change in Accured Expenses (2009 - 2026)
Southwest Airlines (LUV) reported Change in Accured Expenses of -$77.0 million for Q1 2026, up 38.89% on a YoY basis from -$55.4 million in Q1 2025, and down 118.03% quarter-over-quarter from $427.0 million in Q4 2025.
Southwest Airlines (LUV) Change in Accured Expenses (2009 - 2026) Analysis & Trends
Southwest Airlines has reported Change in Accured Expenses for 18 years, with the latest figure 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.
- The five-year high for Change in Accured Expenses was $1.6 billion in Q4 2023, with the low at -$1.2 billion in Q4 2024.
- Historically, Change in Accured Expenses has averaged -$76.6 million across 5 years, with a median of -$72.0 million in 2023.
- Annual changes were most pronounced in 2022 — Change in Accured Expenses tumbled 1322.22% — and 2023, when it soared 303.38%.
- Southwest Airlines' Change in Accured Expenses stood at -$770.0 million in 2022, then soared by 303.38% to $1.6 billion in 2023, then sank by 178.35% to -$1.2 billion in 2024, then surged by 134.8% to $427.0 million in 2025, then sank 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 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | 2.84 Bn |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | - |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | - |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | -77.00 Mn |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | - |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | - |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | - |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | 342.00 Mn |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | - |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |