Southwest Airlines (LUV) Leases (2019 - 2026)
Southwest Airlines posted quarterly Leases of $1.0 billion for Q1 2026, up 11222.22% year-on-year from N/an in Q1 2025, and down 6.43% on a QoQ basis from $1.1 billion in Q4 2025.
Southwest Airlines (LUV) has 8 years of Leases data on file, last reported at $1.0 billion in Q1 2026.
- For the quarter ending Q1 2026, Leases rose 11222.22% year-over-year to $1.0 billion; the trailing twelve-month figure through Mar 2026 stood at $1.0 billion (up 11222.22% YoY), and the FY2025 full-year result was $1.1 billion, down 20.45% from the prior year.
- Leases for Q1 2026 stood at $1.0 billion, down from $1.1 billion in the prior quarter.
- Across five years, Leases topped out at $1.6 billion in Q1 2022 and bottomed at $9.0 million in Q1 2025.
- The 5-year median for Leases is $1.2 billion (2025), against an average of $1.2 billion.
- The widest annual swing landed in 2025, when Leases sank 99.24%; it then jumped 11222.22% in 2026.
- A 5-year view of Leases shows it stood at $1.4 billion in 2022, then slipped by 12.27% to $1.2 billion in 2023, then advanced by 11.94% to $1.4 billion in 2024, then dropped by 20.45% to $1.1 billion in 2025, then dropped by 6.43% to $1.0 billion in 2026.
- The last three Leases figures came in at $1.0 billion (Q1 2026), $1.1 billion (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 6.30 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 1.02 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 | - | 2.53 Bn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 1.30 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 82.97 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 296.76 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 846.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | - |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 4.60 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.02 Bn |
| Dec 31, 2025 | 1.09 Bn |
| Sep 30, 2025 | 1.17 Bn |
| Jun 30, 2025 | 1.24 Bn |
| Mar 31, 2025 | 9.00 Mn |
| Dec 31, 2024 | 1.37 Bn |
| Sep 30, 2024 | 1.10 Bn |
| Jun 30, 2024 | 1.13 Bn |
| Mar 31, 2024 | 1.18 Bn |
| Dec 31, 2023 | 1.22 Bn |
| Sep 30, 2023 | 1.29 Bn |
| Jun 30, 2023 | 1.34 Bn |
| Mar 31, 2023 | 1.38 Bn |
| Dec 31, 2022 | 1.39 Bn |
| Sep 30, 2022 | 1.45 Bn |
| Jun 30, 2022 | 1.50 Bn |
| Mar 31, 2022 | 1.56 Bn |
| Dec 31, 2021 | 556.00 Mn |
| Sep 30, 2021 | 1.61 Bn |
| Jun 30, 2021 | 1.97 Bn |
| Mar 31, 2021 | 2.03 Bn |
| Dec 31, 2020 | 1.89 Bn |
| Sep 30, 2020 | 1.77 Bn |
| Jun 30, 2020 | 1.85 Bn |
| Mar 31, 2020 | 1.28 Bn |
| Dec 31, 2019 | 1.35 Bn |
| Sep 30, 2019 | 1.35 Bn |
| Jun 30, 2019 | 1.42 Bn |
| Mar 31, 2019 | 1.51 Bn |