Southwest Airlines (LUV) Current Leases (2013 - 2026)

Southwest Airlines has reported Current Leases for 14 years, with the latest figure at $300.0 million in Q1 2026.

• For the quarter ending Q1 2026, Current Leases fell 9.37% year-over-year to $300.0 million; the trailing twelve-month figure through Mar 2026 stood at $300.0 million (down 9.37% YoY), and the FY2025 full-year result was $312.0 million, down 4.88% from the prior year.
• Current Leases for Q1 2026 stood at $300.0 million, down from $312.0 million in the prior quarter.
• The five-year high for Current Leases was $331.0 million in Q1 2025, with the low at $198.0 million in Q2 2024.
• Historically, Current Leases has averaged $255.1 million across 5 years, with a median of $233.0 million in 2022.
• Annual changes were most pronounced in 2022 — Current Leases dropped 17.81% — and 2025, when it jumped 63.13%.
• Southwest Airlines' Current Leases 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 decreased by 3.85% to $300.0 million in 2026.
• The last three Current Leases figures came in at $300.0 million (Q1 2026), $312.0 million (Q4 2025), and $310.0 million (Q3 2025), per Business Quant data.