Southwest Airlines (LUV) Common Equity (2009 - 2026)
Southwest Airlines' (LUV) quarterly Common Equity came in at $7.1 billion in Q2 2026, down 11.48% YoY from $8.0 billion in Q2 2025, and up 3.01% on a QoQ basis from $6.9 billion in Q1 2026.
Southwest Airlines (LUV) Common Equity (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Common Equity data on file, last reported at $7.1 billion in Q2 2026.
- Quarterly Common Equity fell 11.48% year-over-year to $7.1 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $7.1 billion (down 11.48% YoY) and the FY2025 annual result came in at $8.0 billion, down 22.89% from the prior year.
- Common Equity advanced to $7.1 billion in Q2 2026, from $6.9 billion in the prior quarter.
- In the past five years, Common Equity ranged from a high of $11.1 billion in Q2 2022 to a low of $6.9 billion in Q1 2026.
- A 5-year average of $9.7 billion and a median of $10.4 billion in 2024 frame the typical range for Common Equity.
- Annual changes were most pronounced in 2022 — Common Equity gained 14.78% — and 2026, when it decreased 26.59%.
- Tracing LUV's Common Equity over 5 years: stood at $10.7 billion in 2022, then retreated by 1.61% to $10.5 billion in 2023, then declined by 1.57% to $10.4 billion in 2024, then declined by 22.89% to $8.0 billion in 2025, then dropped by 11.26% to $7.1 billion in 2026.
- The last three Common Equity figures came in at $7.1 billion (Q2 2026), $6.9 billion (Q1 2026), and $8.0 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 21.82 Bn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 11.02 Bn |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 7.08 Bn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 2.87 Bn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 3.67 Bn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 2.76 Bn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 1.59 Bn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 1.78 Bn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | 136.00 Mn |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 1.39 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.08 Bn |
| Mar 31, 2026 | 6.88 Bn |
| Dec 31, 2025 | 7.98 Bn |
| Sep 30, 2025 | 7.78 Bn |
| Jun 30, 2025 | 8.00 Bn |
| Mar 31, 2025 | 9.37 Bn |
| Dec 31, 2024 | 10.35 Bn |
| Sep 30, 2024 | 10.41 Bn |
| Jun 30, 2024 | 10.47 Bn |
| Mar 31, 2024 | 10.20 Bn |
| Dec 31, 2023 | 10.52 Bn |
| Sep 30, 2023 | 11.05 Bn |
| Jun 30, 2023 | 10.79 Bn |
| Mar 31, 2023 | 10.30 Bn |
| Dec 31, 2022 | 10.69 Bn |
| Sep 30, 2022 | 10.92 Bn |
| Jun 30, 2022 | 11.12 Bn |
| Mar 31, 2022 | 10.42 Bn |
| Dec 31, 2021 | 10.41 Bn |
| Sep 30, 2021 | 10.25 Bn |