Southwest Airlines (LUV) Enterprise Value (2009 - 2026)
Southwest Airlines posted quarterly Enterprise Value of -$3.3 billion for Q1 2026, up 59.67% year-on-year from -$2.1 billion in Q1 2025, and down 3.0% on a QoQ basis from -$3.2 billion in Q4 2025.
Southwest Airlines (LUV) has 18 years of Enterprise Value data on file, last reported at -$3.3 billion in Q1 2026.
- For the quarter ending Q1 2026, Enterprise Value rose 59.67% year-over-year to -$3.3 billion; the trailing twelve-month figure through Mar 2026 stood at -$3.3 billion (up 59.67% YoY), and the FY2025 full-year result was -$3.2 billion, up 62.97% from the prior year.
- Enterprise Value for Q1 2026 stood at -$3.3 billion, down from -$3.2 billion in the prior quarter.
- Across five years, Enterprise Value topped out at -$3.0 billion in Q3 2025 and bottomed at -$16.4 billion in Q2 2022.
- The 5-year median for Enterprise Value is -$10.5 billion (2024), against an average of -$9.7 billion.
- The widest annual swing landed in 2022, when Enterprise Value retreated 9.7%; it then soared 67.83% in 2025.
- A 5-year view of Enterprise Value shows it stood at -$12.3 billion in 2022, then increased by 6.65% to -$11.5 billion in 2023, then advanced by 23.96% to -$8.7 billion in 2024, then surged by 62.97% to -$3.2 billion in 2025, then declined by 3.0% to -$3.3 billion in 2026.
- The last three Enterprise Value figures came in at -$3.3 billion (Q1 2026), -$3.2 billion (Q4 2025), and -$3.0 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | -5.05 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | -3.33 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | -1.05 Bn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | -766.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | -1.77 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | -627.24 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | -1.34 Bn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -2.17 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | -902.16 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | -772.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.33 Bn |
| Dec 31, 2025 | -3.23 Bn |
| Sep 30, 2025 | -3.02 Bn |
| Jun 30, 2025 | -3.84 Bn |
| Mar 31, 2025 | -8.25 Bn |
| Dec 31, 2024 | -8.73 Bn |
| Sep 30, 2024 | -9.38 Bn |
| Jun 30, 2024 | -10.00 Bn |
| Mar 31, 2024 | -10.51 Bn |
| Dec 31, 2023 | -11.47 Bn |
| Sep 30, 2023 | -11.73 Bn |
| Jun 30, 2023 | -12.18 Bn |
| Mar 31, 2023 | -11.67 Bn |
| Dec 31, 2022 | -12.29 Bn |
| Sep 30, 2022 | -13.67 Bn |
| Jun 30, 2022 | -16.43 Bn |
| Mar 31, 2022 | -15.74 Bn |
| Dec 31, 2021 | -15.50 Bn |
| Sep 30, 2021 | -16.00 Bn |
| Jun 30, 2021 | -16.88 Bn |
| Mar 31, 2021 | -14.35 Bn |
| Dec 31, 2020 | -13.33 Bn |
| Sep 30, 2020 | -14.56 Bn |
| Jun 30, 2020 | -14.46 Bn |
| Mar 31, 2020 | -5.55 Bn |
| Dec 31, 2019 | -4.07 Bn |
| Sep 30, 2019 | -4.02 Bn |
| Jun 30, 2019 | -3.99 Bn |
| Mar 31, 2019 | -3.86 Bn |
| Dec 31, 2018 | -3.69 Bn |
| Sep 30, 2018 | -3.82 Bn |
| Jun 30, 2018 | -3.69 Bn |
| Mar 31, 2018 | -3.24 Bn |
| Dec 31, 2017 | -3.27 Bn |
| Sep 30, 2017 | -3.04 Bn |
| Jun 30, 2017 | -3.15 Bn |
| Mar 31, 2017 | -3.48 Bn |
| Dec 31, 2016 | -3.31 Bn |
| Sep 30, 2016 | -3.45 Bn |
| Jun 30, 2016 | -3.42 Bn |
| Mar 31, 2016 | -3.58 Bn |
| Dec 31, 2015 | -3.05 Bn |
| Sep 30, 2015 | -3.10 Bn |
| Jun 30, 2015 | -3.13 Bn |
| Mar 31, 2015 | -3.44 Bn |
| Dec 31, 2014 | -2.99 Bn |
| Sep 30, 2014 | -3.56 Bn |
| Jun 30, 2014 | -3.99 Bn |
| Mar 31, 2014 | -3.50 Bn |
| Dec 31, 2013 | -3.15 Bn |
| Sep 30, 2013 | -3.33 Bn |
| Jun 30, 2013 | -3.39 Bn |
| Mar 31, 2013 | -3.14 Bn |
| Dec 31, 2012 | -2.97 Bn |
| Sep 30, 2012 | -3.24 Bn |
| Jun 30, 2012 | -3.26 Bn |
| Mar 31, 2012 | -3.78 Bn |
| Dec 31, 2011 | -3.14 Bn |
| Sep 30, 2011 | -3.66 Bn |
| Jun 30, 2011 | -1.60 Bn |
| Mar 31, 2011 | -4.47 Bn |
| Dec 31, 2010 | -3.54 Bn |
| Sep 30, 2010 | -3.38 Bn |
| Jun 30, 2010 | -3.12 Bn |
| Mar 31, 2010 | -1.66 Bn |
| Dec 31, 2009 | -2.59 Bn |
| Sep 30, 2009 | -2.25 Bn |
| Jun 30, 2009 | -2.20 Bn |
| Mar 31, 2009 | -2.13 Bn |