Southwest Airlines (LUV) Deferred Taxes (2009 - 2026)
Southwest Airlines posted quarterly Deferred Taxes of -$57.0 million for Q1 2026, down 232.56% year-on-year from $43.0 million in Q1 2025, and up 32.94% on a QoQ basis from -$85.0 million in Q4 2025.
Southwest Airlines (LUV) has 18 years of Deferred Taxes data on file, last reported at -$57.0 million in Q1 2026.
- For the quarter ending Q1 2026, Deferred Taxes fell 232.56% year-over-year to -$57.0 million; the trailing twelve-month figure through Mar 2026 stood at -$222.0 million (down 42.31% YoY), and the FY2025 full-year result was -$122.0 million, up 7.58% from the prior year.
- Deferred Taxes for Q1 2026 stood at -$57.0 million, up from -$85.0 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $97.0 million in Q1 2022 and bottomed at -$272.0 million in Q2 2022.
- The 5-year median for Deferred Taxes is -$57.0 million (2023), against an average of -$41.1 million.
- Peak annual rise in Deferred Taxes reached 2040.0% in 2022, while the deepest fall reached 1006.67% in 2022.
- A 5-year view of Deferred Taxes shows it stood at $22.0 million in 2022, then jumped by 150.0% to $55.0 million in 2023, then plunged by 227.27% to -$70.0 million in 2024, then dropped by 21.43% to -$85.0 million in 2025, then soared by 32.94% to -$57.0 million in 2026.
- The last three Deferred Taxes figures came in at -$57.0 million (Q1 2026), -$85.0 million (Q4 2025), and -$14.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | - |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | -57.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | - |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 387.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 124.00 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | - |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | - |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -20.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | - |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | -9.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -57.00 Mn |
| Dec 31, 2025 | -85.00 Mn |
| Sep 30, 2025 | -14.00 Mn |
| Jun 30, 2025 | -66.00 Mn |
| Mar 31, 2025 | 43.00 Mn |
| Dec 31, 2024 | -70.00 Mn |
| Sep 30, 2024 | -19.00 Mn |
| Jun 30, 2024 | -110.00 Mn |
| Mar 31, 2024 | 68.00 Mn |
| Dec 31, 2023 | 55.00 Mn |
| Sep 30, 2023 | -57.00 Mn |
| Jun 30, 2023 | -209.00 Mn |
| Mar 31, 2023 | 52.00 Mn |
| Dec 31, 2022 | 22.00 Mn |
| Sep 30, 2022 | -76.00 Mn |
| Jun 30, 2022 | -272.00 Mn |
| Mar 31, 2022 | 97.00 Mn |
| Dec 31, 2021 | 63.00 Mn |
| Sep 30, 2021 | -67.00 Mn |
| Jun 30, 2021 | 30.00 Mn |
| Mar 31, 2021 | -5.00 Mn |
| Dec 31, 2020 | 188.00 Mn |
| Sep 30, 2020 | 298.00 Mn |
| Jun 30, 2020 | 181.00 Mn |
| Mar 31, 2020 | 49.00 Mn |
| Dec 31, 2019 | 279.00 Mn |
| Sep 30, 2019 | -174.00 Mn |
| Jun 30, 2019 | -36.00 Mn |
| Mar 31, 2019 | -13.00 Mn |
| Dec 31, 2018 | 7.00 Mn |
| Sep 30, 2018 | -104.00 Mn |
| Jun 30, 2018 | 131.00 Mn |
| Mar 31, 2018 | 72.00 Mn |
| Dec 31, 2017 | 847.00 Mn |
| Sep 30, 2017 | 98.00 Mn |
| Jun 30, 2017 | 68.00 Mn |
| Mar 31, 2017 | 54.00 Mn |
| Dec 31, 2016 | -814.00 Mn |
| Sep 30, 2016 | 315.00 Mn |
| Jun 30, 2016 | 54.00 Mn |
| Mar 31, 2016 | 26.00 Mn |
| Dec 31, 2015 | 149.00 Mn |
| Sep 30, 2015 | -82.00 Mn |
| Jun 30, 2015 | 23.00 Mn |
| Mar 31, 2015 | 19.00 Mn |
| Dec 31, 2014 | -973.00 Mn |
| Sep 30, 2014 | 392.00 Mn |
| Jun 30, 2014 | -11.00 Mn |
| Mar 31, 2014 | 92.00 Mn |
| Dec 31, 2013 | -102.00 Mn |
| Sep 30, 2013 | 29.00 Mn |
| Jun 30, 2013 | 21.00 Mn |
| Mar 31, 2013 | 2.00 Mn |
| Dec 31, 2012 | -371.00 Mn |
| Sep 30, 2012 | 82.00 Mn |
| Jun 30, 2012 | 24.00 Mn |
| Mar 31, 2012 | 14.00 Mn |
| Dec 31, 2011 | 90.00 Mn |
| Sep 30, 2011 | -90.00 Mn |
| Jun 30, 2011 | 95.00 Mn |
| Mar 31, 2011 | 28.00 Mn |
| Dec 31, 2010 | 37.00 Mn |
| Sep 30, 2010 | 20.00 Mn |
| Jun 30, 2010 | 63.00 |
| Mar 31, 2010 | 12.00 Mn |
| Dec 31, 2009 | 69.00 Mn |
| Sep 30, 2009 | 8.00 Mn |
| Jun 30, 2009 | 16.00 Mn |
| Mar 31, 2009 | -21.00 Mn |