Southwest Airlines (LUV) Liabilities and Shareholders Equity (2009 - 2026)
Southwest Airlines posted quarterly Liabilities and Shareholders Equity of $29.4 billion for Q1 2026, down 11.61% year-on-year from $33.2 billion in Q1 2025, and up 1.01% on a QoQ basis from $29.1 billion in Q4 2025.
Southwest Airlines (LUV) has 18 years of Liabilities and Shareholders Equity data on file, last reported at $29.4 billion in Q1 2026.
- For the quarter ending Q1 2026, Liabilities and Shareholders Equity fell 11.61% year-over-year to $29.4 billion; the trailing twelve-month figure through Mar 2026 stood at $115.4 billion (down 15.97% YoY), and the FY2025 full-year result was $29.1 billion, down 13.89% from the prior year.
- Liabilities and Shareholders Equity for Q1 2026 stood at $29.4 billion, up from $29.1 billion in the prior quarter.
- Across five years, Liabilities and Shareholders Equity topped out at $38.3 billion in Q2 2022 and bottomed at $28.3 billion in Q3 2025.
- The 5-year median for Liabilities and Shareholders Equity is $35.5 billion (2023), against an average of $34.2 billion.
- The widest annual swing landed in 2022, when Liabilities and Shareholders Equity climbed 4.98%; it then slipped 19.26% in 2025.
- A 5-year view of Liabilities and Shareholders Equity shows it stood at $35.4 billion in 2022, then climbed by 3.16% to $36.5 billion in 2023, then fell by 7.5% to $33.8 billion in 2024, then fell by 13.89% to $29.1 billion in 2025, then gained by 1.01% to $29.4 billion in 2026.
- The last three Liabilities and Shareholders Equity figures came in at $29.4 billion (Q1 2026), $29.1 billion (Q4 2025), and $28.3 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 84.43 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 29.36 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 7.24 Bn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 5.65 Bn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 20.30 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 7.35 Bn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 6.58 Bn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 16.61 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 4.41 Bn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 7.02 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.36 Bn |
| Dec 31, 2025 | 29.06 Bn |
| Sep 30, 2025 | 28.31 Bn |
| Jun 30, 2025 | 28.71 Bn |
| Mar 31, 2025 | 33.21 Bn |
| Dec 31, 2024 | 33.75 Bn |
| Sep 30, 2024 | 34.85 Bn |
| Jun 30, 2024 | 35.56 Bn |
| Mar 31, 2024 | 36.02 Bn |
| Dec 31, 2023 | 36.49 Bn |
| Sep 30, 2023 | 36.98 Bn |
| Jun 30, 2023 | 36.52 Bn |
| Mar 31, 2023 | 35.55 Bn |
| Dec 31, 2022 | 35.37 Bn |
| Sep 30, 2022 | 35.95 Bn |
| Jun 30, 2022 | 38.30 Bn |
| Mar 31, 2022 | 37.26 Bn |
| Dec 31, 2021 | 36.32 Bn |
| Sep 30, 2021 | 37.11 Bn |
| Jun 30, 2021 | 38.21 Bn |
| Mar 31, 2021 | 35.49 Bn |
| Dec 31, 2020 | 34.59 Bn |
| Sep 30, 2020 | 35.61 Bn |
| Jun 30, 2020 | 35.60 Bn |
| Mar 31, 2020 | 26.89 Bn |
| Dec 31, 2019 | 25.90 Bn |
| Sep 30, 2019 | 26.47 Bn |
| Jun 30, 2019 | 26.37 Bn |
| Mar 31, 2019 | 26.46 Bn |
| Dec 31, 2018 | 26.24 Bn |
| Sep 30, 2018 | 26.88 Bn |
| Jun 30, 2018 | 26.47 Bn |
| Mar 31, 2018 | 25.50 Bn |
| Dec 31, 2017 | 25.11 Bn |
| Sep 30, 2017 | 24.25 Bn |
| Jun 30, 2017 | 23.92 Bn |
| Mar 31, 2017 | 23.76 Bn |
| Dec 31, 2016 | 23.29 Bn |
| Sep 30, 2016 | 23.05 Bn |
| Jun 30, 2016 | 22.45 Bn |
| Mar 31, 2016 | 22.24 Bn |
| Dec 31, 2015 | 21.31 Bn |
| Sep 30, 2015 | 21.16 Bn |
| Jun 30, 2015 | 21.08 Bn |
| Mar 31, 2015 | 21.16 Bn |
| Dec 31, 2014 | 19.72 Bn |
| Sep 30, 2014 | 20.54 Bn |
| Jun 30, 2014 | 20.89 Bn |
| Mar 31, 2014 | 19.98 Bn |
| Dec 31, 2013 | 19.35 Bn |
| Sep 30, 2013 | 19.36 Bn |
| Jun 30, 2013 | 19.38 Bn |
| Mar 31, 2013 | 19.20 Bn |
| Dec 31, 2012 | 18.60 Bn |
| Sep 30, 2012 | 18.81 Bn |
| Jun 30, 2012 | 18.52 Bn |
| Mar 31, 2012 | 18.83 Bn |
| Dec 31, 2011 | 18.07 Bn |
| Sep 30, 2011 | 17.89 Bn |
| Jun 30, 2011 | 18,945.00 |
| Mar 31, 2011 | 16.41 Bn |
| Dec 31, 2010 | 15.46 Bn |
| Sep 30, 2010 | 15.14 Bn |
| Jun 30, 2010 | 14.99 Bn |
| Mar 31, 2010 | 14.53 Bn |
| Dec 31, 2009 | 14.27 Bn |
| Sep 30, 2009 | 14.10 Bn |
| Jun 30, 2009 | 14.03 Bn |
| Mar 31, 2009 | 14.18 Bn |