Southwest Airlines (LUV) Enterprise Value (2009 - 2026)
Southwest Airlines' (LUV) quarterly Enterprise Value came in at -$3.8 billion in Q2 2026, up 1.25% YoY 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 18 years of Enterprise Value data on file, last reported at -$3.8 billion 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 declined to -$3.8 billion in Q2 2026, from -$3.3 billion in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$3.0 billion in Q3 2025 to a low of -$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 retreated 9.7% — and 2025, when it soared 67.83%.
- Tracing LUV's Enterprise Value over 5 years: stood at -$12.3 billion in 2022, then grew by 6.65% to -$11.5 billion in 2023, then gained by 23.96% to -$8.7 billion in 2024, then jumped by 62.97% to -$3.2 billion in 2025, then fell by 17.33% to -$3.8 billion in 2026.
- The last three Enterprise Value figures came in at -$3.8 billion (Q2 2026), -$3.3 billion (Q1 2026), and -$3.2 billion (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | -4.67 Bn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | -3.21 Bn |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | -3.79 Bn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | -1.26 Bn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | -2.66 Bn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | -601.01 Mn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -2.02 Bn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | -1.05 Bn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | -955.00 Mn |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | -277.60 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 |