Southwest Airlines (LUV) Equity Average (2009 - 2026)
Southwest Airlines posted quarterly Equity Average of $7.4 billion for Q1 2026, down 24.65% year-on-year from $9.9 billion in Q1 2025, and down 5.72% on a QoQ basis from $7.9 billion in Q4 2025.
Southwest Airlines (LUV) has 18 years of Equity Average data on file, last reported at $7.4 billion in Q1 2026.
- For the quarter ending Q1 2026, Equity Average fell 24.65% year-over-year to $7.4 billion; the trailing twelve-month figure through Mar 2026 stood at $7.4 billion (down 24.65% YoY), and the FY2025 full-year result was $9.2 billion, down 12.14% from the prior year.
- Equity Average for Q1 2026 stood at $7.4 billion, down from $7.9 billion in the prior quarter.
- Across five years, Equity Average topped out at $11.0 billion in Q3 2022 and bottomed at $7.4 billion in Q1 2026.
- The 5-year median for Equity Average is $10.4 billion (2022), against an average of $9.9 billion.
- The widest annual swing landed in 2022, when Equity Average gained 15.93%; it then decreased 24.65% in 2026.
- A 5-year view of Equity Average shows it stood at $10.8 billion in 2022, then dropped by 0.19% to $10.8 billion in 2023, then slipped by 3.75% to $10.4 billion in 2024, then slipped by 24.1% to $7.9 billion in 2025, then decreased by 5.72% to $7.4 billion in 2026.
- The last three Equity Average figures came in at $7.4 billion (Q1 2026), $7.9 billion (Q4 2025), and $7.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 20.61 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 7.43 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | - |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 3.92 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 2.74 Bn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 2.72 Bn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 1.97 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 1.07 Bn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 356.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.43 Bn |
| Dec 31, 2025 | 7.88 Bn |
| Sep 30, 2025 | 7.89 Bn |
| Jun 30, 2025 | 8.68 Bn |
| Mar 31, 2025 | 9.86 Bn |
| Dec 31, 2024 | 10.38 Bn |
| Sep 30, 2024 | 10.44 Bn |
| Jun 30, 2024 | 10.33 Bn |
| Mar 31, 2024 | 10.36 Bn |
| Dec 31, 2023 | 10.78 Bn |
| Sep 30, 2023 | 10.92 Bn |
| Jun 30, 2023 | 10.55 Bn |
| Mar 31, 2023 | 10.49 Bn |
| Dec 31, 2022 | 10.81 Bn |
| Sep 30, 2022 | 11.02 Bn |
| Jun 30, 2022 | 10.77 Bn |
| Mar 31, 2022 | 10.42 Bn |
| Dec 31, 2021 | 10.33 Bn |
| Sep 30, 2021 | 9.97 Bn |
| Jun 30, 2021 | 9.39 Bn |
| Mar 31, 2021 | 8.98 Bn |
| Dec 31, 2020 | 9.32 Bn |
| Sep 30, 2020 | 10.32 Bn |
| Jun 30, 2020 | 9.98 Bn |
| Mar 31, 2020 | 9.45 Bn |
| Dec 31, 2019 | 9.88 Bn |
| Sep 30, 2019 | 9.94 Bn |
| Jun 30, 2019 | 9.87 Bn |
| Mar 31, 2019 | 9.82 Bn |
| Dec 31, 2018 | 10.00 Bn |
| Sep 30, 2018 | 10.08 Bn |
| Jun 30, 2018 | 9.81 Bn |
| Mar 31, 2018 | 9.63 Bn |
| Dec 31, 2017 | 9.22 Bn |
| Sep 30, 2017 | 8.67 Bn |
| Jun 30, 2017 | 8.37 Bn |
| Mar 31, 2017 | 7.99 Bn |
| Dec 31, 2016 | 7.92 Bn |
| Sep 30, 2016 | 7.93 Bn |
| Jun 30, 2016 | 7.66 Bn |
| Mar 31, 2016 | 7.13 Bn |
| Dec 31, 2015 | 6.87 Bn |
| Sep 30, 2015 | 7.06 Bn |
| Jun 30, 2015 | 7.03 Bn |
| Mar 31, 2015 | 6.84 Bn |
| Dec 31, 2014 | 7.10 Bn |
| Sep 30, 2014 | 7.47 Bn |
| Jun 30, 2014 | 7.35 Bn |
| Mar 31, 2014 | 7.26 Bn |
| Dec 31, 2013 | 7.17 Bn |
| Sep 30, 2013 | 6.90 Bn |
| Jun 30, 2013 | 6.87 Bn |
| Mar 31, 2013 | 6.98 Bn |
| Dec 31, 2012 | 7.00 Bn |
| Sep 30, 2012 | 6.92 Bn |
| Jun 30, 2012 | 6.97 Bn |
| Mar 31, 2012 | 6.99 Bn |
| Dec 31, 2011 | 6.68 Bn |
| Sep 30, 2011 | 3.24 Bn |
| Jun 30, 2011 | 3.29 Bn |
| Mar 31, 2011 | 6.41 Bn |
| Dec 31, 2010 | 6.09 Bn |
| Sep 30, 2010 | 5.75 Bn |
| Jun 30, 2010 | 5.54 Bn |
| Mar 31, 2010 | 5.50 Bn |
| Dec 31, 2009 | 5.34 Bn |
| Sep 30, 2009 | 5.18 Bn |
| Jun 30, 2009 | 5.04 Bn |
| Mar 31, 2009 | 4.93 Bn |