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

Southwest Airlines (LUV) has 14 years of Current Leases data on file, last reported 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.
• Across five years, Current Leases topped out at $331.0 million in Q1 2025 and bottomed at $198.0 million in Q2 2024.
• The 5-year median for Current Leases is $233.0 million (2022), against an average of $255.1 million.
• The widest annual swing landed in 2022, when Current Leases dropped 17.81%; it then jumped 63.13% in 2025.
• A 5-year view of Current Leases shows it stood at $225.0 million in 2022, then fell by 7.56% to $208.0 million in 2023, then soared by 57.69% to $328.0 million in 2024, then fell by 4.88% to $312.0 million in 2025, then slipped 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.

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