Southwest Airlines (LUV) Enterprise Value (2009 - 2026)

Southwest Airlines (LUV) posted quarterly Enterprise Value of -$3.8 billion for Q2 2026, up 1.25% year-on-year from -$3.7 billion in Q2 2025, and down 13.91% on a QoQ basis from -$3.3 billion in Q1 2026.

Southwest Airlines (LUV) Enterprise Value (2009 - 2026) Analysis & Trends

Southwest Airlines (LUV) has reported Enterprise Value for 18 consecutive years, with -$3.8 billion the latest figure, recorded in Q2 2026.

  • Quarterly Enterprise Value rose 1.25% year-over-year to -$3.8 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$3.8 billion (up 1.25% YoY) and the FY2025 annual result came in at -$3.2 billion, up 62.97% from the prior year.
  • Enterprise Value slipped to -$3.8 billion in Q2 2026 per LUV's latest filing, from -$3.3 billion in the prior quarter.
  • Over the last five years, Enterprise Value for LUV reached as high as -$3.0 billion in Q3 2025 and fell as low as -$16.4 billion in Q2 2022.
  • A 5-year average of -$9.4 billion and a median of -$10.3 billion in 2024 frame the typical range for Enterprise Value.
  • Annual changes were most pronounced in 2022 — Enterprise Value decreased 9.7% — and 2025, when it jumped 67.83%.
  • Year by year, Enterprise Value stood at -$12.3 billion in 2022, then gained by 6.65% to -$11.5 billion in 2023, then grew by 23.96% to -$8.7 billion in 2024, then jumped by 62.97% to -$3.2 billion in 2025, then slipped by 17.33% to -$3.8 billion in 2026.
  • According to Business Quant data, Enterprise Value over the past three periods registered -$3.8 billion, -$3.3 billion, and -$3.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Latam Airlines 30,776.30 Bn 30,773.63 Bn 1.28 Mn -2.68 Bn
2 Ryanair Holdings 60.99 Bn 57.80 Bn - -3.19 Bn
3 Delta Air Lines 56.61 Bn 51.95 Bn 19.07 Bn -4.67 Bn
4 Southwest Airlines 22.26 Bn 18.47 Bn 7.33 Bn -3.79 Bn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.16 Bn - -824.00 Mn
6 Copa Holdings 5.67 Bn 4.34 Bn 713.71 Mn -1.34 Bn
7 Alaska Air 5.37 Bn 3.60 Bn 3.20 Bn -1.77 Bn
8 Skywest 4.29 Bn 3.69 Bn 1.01 Bn -601.01 Mn
9 Jetblue Airways 2.03 Bn 1.62 Bn 1.87 Bn -413.00 Mn
10 Allegiant Travel 1.82 Bn 920.27 Mn 651.87 Mn -902.16 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 -3.79 Bn
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