Southwest Airlines (LUV) Depreciation & Amortization (CF) (2009 - 2026)
Southwest Airlines (LUV) recorded Depreciation & Amortization (CF) of $402 million in Q2 2026, up 0.5% from $400 million a year earlier and up 1.0% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Depreciation & Amortization (CF) (2009 - 2026) Analysis & Trends
On a TTM basis, Southwest Airlines' Depreciation & Amortization (CF) came in at $1.57 billion as of Jun 30, 2026, down 4.6% year-over-year; for FY2025, it came in at $1.56 billion, down 5.9% from FY2024.
- Annual Depreciation & Amortization (CF) has a five-year compound annual growth rate of 4.4% (FY2020 to FY2025).
- Across earlier years, Depreciation & Amortization (CF) came in at $1.66 billion in FY2024 (+8.9%), $1.52 billion in FY2023 (+12.7%), $1.35 billion in FY2022 (+6.2%) and $1.27 billion in FY2021 (+1.4%).
- The Q2 2026 figure is the highest quarterly Depreciation & Amortization (CF) since Q4 2024.
- On a year-over-year basis, Depreciation & Amortization (CF) rose in three of the last eight quarters, with an average decline of 0.9%.
- Peak year-over-year performance for Depreciation & Amortization (CF) in the last five years was growth of 16.8% in Q3 2024, against a decline of 10.0% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $398 million (Q1 2026), $371 million (Q4 2025) and $394 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.65 Bn | 165.18 Bn | - | 638.00 Mn |
| 2 | Csx | 89.70 Bn | 85.91 Bn | - | 411.00 Mn |
| 3 | United Parcel Service | 84.71 Bn | 61.60 Bn | - | 980.00 Mn |
| 4 | Canadian Pacific Kansas City | 78.00 Bn | 77.02 Bn | - | 375.20 Mn |
| 5 | Norfolk Southern | 73.24 Bn | 67.88 Bn | - | 358.00 Mn |
| 6 | Fedex | 70.67 Bn | 36.62 Bn | - | 1.13 Bn |
| 7 | Delta Air Lines | 50.97 Bn | 33.15 Bn | - | - |
| 8 | Old Dominion Freight Line | 39.24 Bn | 38.51 Bn | - | 91.71 Mn |
| 9 | United Airlines Holdings | 32.98 Bn | -23.39 Bn | - | - |
| 10 | Southwest Airlines | 19.54 Bn | 6.17 Bn | - | 402.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 402.00 Mn |
| Mar 31, 2026 | 398.00 Mn |
| Dec 31, 2025 | 371.00 Mn |
| Sep 30, 2025 | 394.00 Mn |
| Jun 30, 2025 | 400.00 Mn |
| Mar 31, 2025 | 396.00 Mn |
| Dec 31, 2024 | 407.00 Mn |
| Sep 30, 2024 | 438.00 Mn |
| Jun 30, 2024 | 404.00 Mn |
| Mar 31, 2024 | 408.00 Mn |
| Dec 31, 2023 | 415.00 Mn |
| Sep 30, 2023 | 375.00 Mn |
| Jun 30, 2023 | 367.00 Mn |
| Mar 31, 2023 | 365.00 Mn |
| Dec 31, 2022 | 367.00 Mn |
| Sep 30, 2022 | 335.00 Mn |
| Jun 30, 2022 | 325.00 Mn |
| Mar 31, 2022 | 324.00 Mn |
| Dec 31, 2021 | 323.00 Mn |
| Sep 30, 2021 | 322.00 Mn |
API Access
Southwest Airlines Depreciation & Amortization (CF) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=depreciation-and-amortization-cf&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=depreciation-and-amortization-cf&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();