Growth Metrics

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

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DateValue
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