Southwest Airlines (LUV) Depreciation & Amortization (CF) (2009 - 2026)
Southwest Airlines posted quarterly Depreciation & Amortization (CF) of $398.0 million for Q1 2026, up 0.51% year-on-year from $396.0 million in Q1 2025, and up 7.28% on a QoQ basis from $371.0 million in Q4 2025.
Southwest Airlines (LUV) has 18 years of Depreciation & Amortization (CF) data on file, last reported at $398.0 million in Q1 2026.
- For the quarter ending Q1 2026, Depreciation & Amortization (CF) rose 0.51% year-over-year to $398.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.6 billion (down 4.98% YoY), and the FY2025 full-year result was $1.6 billion, down 5.85% from the prior year.
- Depreciation & Amortization (CF) for Q1 2026 stood at $398.0 million, up from $371.0 million in the prior quarter.
- Across five years, Depreciation & Amortization (CF) topped out at $438.0 million in Q3 2024 and bottomed at $324.0 million in Q1 2022.
- The 5-year median for Depreciation & Amortization (CF) is $394.0 million (2025), against an average of $381.7 million.
- The widest annual swing landed in 2024, when Depreciation & Amortization (CF) climbed 16.8%; it then retreated 10.05% in 2025.
- A 5-year view of Depreciation & Amortization (CF) shows it stood at $367.0 million in 2022, then rose by 13.08% to $415.0 million in 2023, then fell by 1.93% to $407.0 million in 2024, then fell by 8.85% to $371.0 million in 2025, then rose by 7.28% to $398.0 million in 2026.
- The last three Depreciation & Amortization (CF) figures came in at $398.0 million (Q1 2026), $371.0 million (Q4 2025), and $394.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Depreciation & Amortization (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 | 398.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 190.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 204.00 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 | 179.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 57.93 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 398.00 Mn |
| Mar 31, 2026 | 398.00 Mn |
| Dec 31, 2025 | 371.00 Mn |
| Dec 31, 2025 | 371.00 Mn |
| Sep 30, 2025 | 394.00 Mn |
| Sep 30, 2025 | 394.00 Mn |
| Jun 30, 2025 | 400.00 Mn |
| Jun 30, 2025 | 400.00 Mn |
| Mar 31, 2025 | 396.00 Mn |
| Mar 31, 2025 | 396.00 Mn |
| Dec 31, 2024 | 407.00 Mn |
| Dec 31, 2024 | 407.00 Mn |
| Sep 30, 2024 | 438.00 Mn |
| Sep 30, 2024 | 438.00 Mn |
| Jun 30, 2024 | 404.00 Mn |
| Jun 30, 2024 | 404.00 Mn |
| Mar 31, 2024 | 408.00 Mn |
| Mar 31, 2024 | 408.00 Mn |
| Dec 31, 2023 | 415.00 Mn |
| Dec 31, 2023 | 415.00 Mn |
| Sep 30, 2023 | 375.00 Mn |
| Sep 30, 2023 | 375.00 Mn |
| Jun 30, 2023 | 367.00 Mn |
| Jun 30, 2023 | 367.00 Mn |
| Mar 31, 2023 | 365.00 Mn |
| Mar 31, 2023 | 365.00 Mn |
| Dec 31, 2022 | 367.00 Mn |
| Dec 31, 2022 | 367.00 Mn |
| Sep 30, 2022 | 335.00 Mn |
| Sep 30, 2022 | 335.00 Mn |
| Jun 30, 2022 | 325.00 Mn |
| Jun 30, 2022 | 325.00 Mn |
| Mar 31, 2022 | 324.00 Mn |
| Mar 31, 2022 | 324.00 Mn |
| Dec 31, 2021 | 323.00 Mn |
| Dec 31, 2021 | 323.00 Mn |
| Sep 30, 2021 | 322.00 Mn |
| Sep 30, 2021 | 322.00 Mn |
| Jun 30, 2021 | 315.00 Mn |
| Jun 30, 2021 | 315.00 Mn |
| Mar 31, 2021 | 312.00 Mn |
| Mar 31, 2021 | 312.00 Mn |
| Dec 31, 2020 | 315.00 Mn |
| Dec 31, 2020 | 315.00 Mn |
| Sep 30, 2020 | 315.00 Mn |
| Sep 30, 2020 | 315.00 Mn |
| Jun 30, 2020 | 313.00 Mn |
| Jun 30, 2020 | 313.00 Mn |
| Mar 31, 2020 | 311.00 Mn |
| Mar 31, 2020 | 311.00 Mn |
| Dec 31, 2019 | 313.00 Mn |
| Dec 31, 2019 | 313.00 Mn |
| Sep 30, 2019 | 308.00 Mn |
| Sep 30, 2019 | 308.00 Mn |
| Jun 30, 2019 | 302.00 Mn |
| Jun 30, 2019 | 302.00 Mn |
| Mar 31, 2019 | 297.00 Mn |
| Mar 31, 2019 | 297.00 Mn |
| Dec 31, 2018 | 331.00 Mn |
| Dec 31, 2018 | 331.00 Mn |
| Sep 30, 2018 | 301.00 Mn |
| Sep 30, 2018 | 301.00 Mn |
| Jun 30, 2018 | 292.00 Mn |
| Jun 30, 2018 | 292.00 Mn |
| Mar 31, 2018 | 277.00 Mn |
| Mar 31, 2018 | 277.00 Mn |
| Dec 31, 2017 | 279.00 Mn |
| Dec 31, 2017 | 279.00 Mn |
| Sep 30, 2017 | 302.00 Mn |
| Sep 30, 2017 | 302.00 Mn |
| Jun 30, 2017 | 319.00 Mn |
| Jun 30, 2017 | 319.00 Mn |
| Mar 31, 2017 | 318.00 Mn |
| Mar 31, 2017 | 318.00 Mn |
| Dec 31, 2016 | 318.00 Mn |
| Dec 31, 2016 | 318.00 Mn |
| Sep 30, 2016 | 315.00 Mn |
| Sep 30, 2016 | 315.00 Mn |
| Jun 30, 2016 | 299.00 Mn |
| Jun 30, 2016 | 299.00 Mn |
| Mar 31, 2016 | 290.00 Mn |
| Mar 31, 2016 | 290.00 Mn |
| Dec 31, 2015 | 264.00 Mn |
| Dec 31, 2015 | 264.00 Mn |
| Sep 30, 2015 | 258.00 Mn |
| Sep 30, 2015 | 258.00 Mn |
| Jun 30, 2015 | 250.00 Mn |
| Jun 30, 2015 | 250.00 Mn |
| Mar 31, 2015 | 244.00 Mn |
| Mar 31, 2015 | 244.00 Mn |
| Dec 31, 2014 | 251.00 Mn |
| Dec 31, 2014 | 251.00 Mn |
| Sep 30, 2014 | 238.00 Mn |
| Sep 30, 2014 | 238.00 Mn |
| Jun 30, 2014 | 228.00 Mn |
| Jun 30, 2014 | 228.00 Mn |
| Mar 31, 2014 | 221.00 Mn |
| Mar 31, 2014 | 221.00 Mn |
| Dec 31, 2013 | 9.00 Mn |
| Dec 31, 2013 | 9.00 Mn |
| Sep 30, 2013 | 221.00 Mn |
| Sep 30, 2013 | 221.00 Mn |
| Jun 30, 2013 | 213.00 Mn |
| Jun 30, 2013 | 213.00 Mn |
| Mar 31, 2013 | 210.00 Mn |
| Mar 31, 2013 | 210.00 Mn |
| Dec 31, 2012 | 224.00 Mn |
| Dec 31, 2012 | 224.00 Mn |
| Sep 30, 2012 | 217.00 Mn |
| Sep 30, 2012 | 217.00 Mn |
| Jun 30, 2012 | 202.00 Mn |
| Jun 30, 2012 | 202.00 Mn |
| Mar 31, 2012 | 201.00 Mn |
| Mar 31, 2012 | 201.00 Mn |
| Dec 31, 2011 | 192.00 Mn |
| Dec 31, 2011 | 192.00 Mn |
| Sep 30, 2011 | 191.00 Mn |
| Sep 30, 2011 | 191.00 Mn |
| Jun 30, 2011 | 176.00 Mn |
| Jun 30, 2011 | 176.00 Mn |
| Mar 31, 2011 | 155.00 Mn |
| Mar 31, 2011 | 155.00 Mn |
| Dec 31, 2010 | 159.00 Mn |
| Dec 31, 2010 | 159.00 Mn |
| Sep 30, 2010 | 161.00 Mn |
| Sep 30, 2010 | 161.00 Mn |
| Jun 30, 2010 | 154.00 |
| Jun 30, 2010 | 154.00 |
| Mar 31, 2010 | 154.00 Mn |
| Mar 31, 2010 | 154.00 Mn |
| Dec 31, 2009 | 154.00 Mn |
| Dec 31, 2009 | 154.00 Mn |
| Sep 30, 2009 | 162.00 Mn |
| Sep 30, 2009 | 162.00 Mn |
| Jun 30, 2009 | 150.00 Mn |
| Jun 30, 2009 | 150.00 Mn |
| Mar 31, 2009 | -150.00 Mn |
| Mar 31, 2009 | -150.00 Mn |