Southwest Airlines (LUV) Current Leases (2013 - 2026)
Southwest Airlines' (LUV) quarterly Current Leases came in at $283.0 million in Q2 2026, down 12.38% YoY from $323.0 million in Q2 2025, and down 5.67% on a QoQ basis from $300.0 million in Q1 2026.
Southwest Airlines (LUV) Current Leases (2013 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 14 years of Current Leases data on file, last reported at $283.0 million in Q2 2026.
- Quarterly Current Leases fell 12.38% year-over-year to $283.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $283.0 million (down 12.38% YoY) and the FY2025 annual result came in at $312.0 million, down 4.88% from the prior year.
- Current Leases slipped to $283.0 million in Q2 2026, from $300.0 million in the prior quarter.
- In the past five years, Current Leases ranged from a high of $331.0 million in Q1 2025 to a low of $198.0 million in Q2 2024.
- A 5-year average of $256.7 million and a median of $236.5 million in 2022 frame the typical range for Current Leases.
- Annual changes were most pronounced in 2022 — Current Leases dropped 17.81% — and 2025, when it jumped 63.13%.
- Tracing LUV's Current Leases over 5 years: stood at $225.0 million in 2022, then declined by 7.56% to $208.0 million in 2023, then surged by 57.69% to $328.0 million in 2024, then declined by 4.88% to $312.0 million in 2025, then fell by 9.29% to $283.0 million in 2026.
- The last three Current Leases figures came in at $283.0 million (Q2 2026), $300.0 million (Q1 2026), and $312.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.89 Bn | 49.22 Bn | 19.07 Bn | 869.00 Mn |
| 2 | Ryanair Holdings | 29.45 Bn | 26.24 Bn | - | 46.26 Mn |
| 3 | Southwest Airlines | 19.73 Bn | 15.94 Bn | 7.33 Bn | 283.00 Mn |
| 4 | Copa Holdings | 5.35 Bn | 4.09 Bn | 1.03 Bn | 68.35 Mn |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 217.00 Mn |
| 6 | Skywest | 3.99 Bn | 3.38 Bn | 1.01 Bn | 21.90 Mn |
| 7 | Allegiant Travel | 1.86 Bn | 807.93 Mn | 902.77 Mn | 14.36 Mn |
| 8 | Jetblue Airways | 1.83 Bn | -189.37 Mn | 2.32 Bn | 97.00 Mn |
| 9 | Frontier Group Holdings | 1.36 Bn | 408.77 Mn | - | 752.00 Mn |
| 10 | Republic Airways Holdings | 853.83 Mn | 576.23 Mn | 487.40 Mn | 17.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 283.00 Mn |
| Mar 31, 2026 | 300.00 Mn |
| Dec 31, 2025 | 312.00 Mn |
| Sep 30, 2025 | 310.00 Mn |
| Jun 30, 2025 | 323.00 Mn |
| Mar 31, 2025 | 331.00 Mn |
| Dec 31, 2024 | 328.00 Mn |
| Sep 30, 2024 | 202.00 Mn |
| Jun 30, 2024 | 198.00 Mn |
| Mar 31, 2024 | 206.00 Mn |
| Dec 31, 2023 | 208.00 Mn |
| Sep 30, 2023 | 220.00 Mn |
| Jun 30, 2023 | 226.00 Mn |
| Mar 31, 2023 | 233.00 Mn |
| Dec 31, 2022 | 225.00 Mn |
| Sep 30, 2022 | 233.00 Mn |
| Jun 30, 2022 | 242.00 Mn |
| Mar 31, 2022 | 240.00 Mn |
| Dec 31, 2021 | 239.00 Mn |
| Sep 30, 2021 | 243.00 Mn |