Southwest Airlines (LUV) Change in Acquisitions & Divestments (2009 - 2025)
Southwest Airlines' (LUV) quarterly Change in Acquisitions & Divestments came in at $116.0 million in Q4 2025, down 86.11% on a YoY basis from $835.0 million in Q4 2024, and down 66.86% quarter-over-quarter from $350.0 million in Q3 2025.
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Analysis
Southwest Airlines (LUV) Change in Acquisitions & Divestments (2009 - 2025) Analysis & Trends
Southwest Airlines (LUV) has reported Change in Acquisitions & Divestments for 16 consecutive years, with $116.0 million the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Change in Acquisitions & Divestments fell 86.11% year-over-year to $116.0 million; the trailing twelve-month figure through Jun 2026 stood at $466.0 million (down 87.34% YoY), and the FY2025 full-year result was $1.7 billion, down 71.76% from the prior year.
- Change in Acquisitions & Divestments fell to $116.0 million in Q4 2025 per LUV's latest filing, from $350.0 million in the prior quarter.
- Across five years, Change in Acquisitions & Divestments topped out at $2.4 billion in Q3 2023 and bottomed at $72.0 million in Q2 2025.
- Historically, Change in Acquisitions & Divestments has averaged $1.3 billion across 5 years, with a median of $1.3 billion in 2021.
- The sharpest annual moves came in 2023 and 2025: Change in Acquisitions & Divestments jumped 86.53% in 2023, then tumbled 96.04% in 2025.
- Over 5 years, Change in Acquisitions & Divestments stood at $1.3 billion in 2021, then jumped by 36.71% to $1.8 billion in 2022, then dropped by 7.35% to $1.7 billion in 2023, then plunged by 50.21% to $835.0 million in 2024, then slumped by 86.11% to $116.0 million in 2025.
- According to Business Quant data, Change in Acquisitions & Divestments over the past three periods registered $116.0 million, $350.0 million, and $72.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 52.35 Bn | 47.68 Bn | 19.07 Bn |
| 2 | Ryanair Holdings | 27.93 Bn | 24.00 Bn | - |
| 3 | Southwest Airlines | 20.05 Bn | 16.26 Bn | 7.33 Bn |
| 4 | Copa Holdings | 5.42 Bn | 4.16 Bn | 1.03 Bn |
| 5 | Alaska Air | 4.52 Bn | 1.86 Bn | 3.76 Bn |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.25 Bn | 1.21 Bn | - |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn |
| 9 | Jetblue Airways | 1.65 Bn | -372.51 Mn | 2.32 Bn |
| 10 | Frontier Group Holdings | 1.34 Bn | 384.76 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 116.00 Mn |
| Sep 30, 2025 | 350.00 Mn |
| Jun 30, 2025 | 72.00 Mn |
| Mar 31, 2025 | 1.15 Bn |
| Dec 31, 2024 | 835.00 Mn |
| Sep 30, 2024 | 1.62 Bn |
| Jun 30, 2024 | 1.82 Bn |
| Mar 31, 2024 | 1.72 Bn |
| Dec 31, 2023 | 1.68 Bn |
| Sep 30, 2023 | 2.41 Bn |
| Jun 30, 2023 | 1.83 Bn |
| Mar 31, 2023 | 1.68 Bn |
| Dec 31, 2022 | 1.81 Bn |
| Sep 30, 2022 | 1.70 Bn |
| Jun 30, 2022 | 980.00 Mn |
| Mar 31, 2022 | 1.30 Bn |
| Dec 31, 2021 | 1.32 Bn |
| Sep 30, 2021 | 1.25 Bn |
| Jun 30, 2021 | 1.28 Bn |
| Mar 31, 2021 | 1.22 Bn |
API Access
Southwest Airlines Change in Acquisitions & Divestments 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=change-in-acquisitions-and-divestments&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-acquisitions-and-divestments", "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=change-in-acquisitions-and-divestments&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();