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 | 30,820.50 Bn | 30,817.83 Bn | 1.28 Mn | -2.68 Bn |
| 2 | Ryanair Holdings | 60.62 Bn | 57.43 Bn | - | -3.19 Bn |
| 3 | Delta Air Lines | 56.47 Bn | 51.80 Bn | 19.07 Bn | -4.67 Bn |
| 4 | Southwest Airlines | 22.19 Bn | 18.40 Bn | 7.33 Bn | -3.79 Bn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.95 Bn | 8.12 Bn | - | -824.00 Mn |
| 6 | Copa Holdings | 5.72 Bn | 4.39 Bn | 713.71 Mn | -1.34 Bn |
| 7 | Alaska Air | 5.41 Bn | 3.64 Bn | 3.20 Bn | -1.77 Bn |
| 8 | Skywest | 4.36 Bn | 3.75 Bn | 1.01 Bn | -601.01 Mn |
| 9 | Jetblue Airways | 2.00 Bn | 1.59 Bn | 1.87 Bn | -413.00 Mn |
| 10 | Allegiant Travel | 1.82 Bn | 915.81 Mn | 651.87 Mn | -902.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |