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Southwest Airlines (LUV) Operating Leases (2019 - 2025)

Southwest Airlines (LUV) has disclosed Operating Leases for 9 consecutive years, with $1.2 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Leases rose 12.32% year-over-year to $1.2 billion, compared with a TTM value of $1.2 billion through Dec 2025, up 12.32%, and an annual FY2025 reading of $1.2 billion, up 12.32% over the prior year.
  • Operating Leases was $1.2 billion for Q4 2025 at Southwest Airlines, up from $846.0 million in the prior quarter.
  • Across five years, Operating Leases topped out at $1.7 billion in Q1 2021 and bottomed at $846.0 million in Q3 2025.
  • Average Operating Leases over 5 years is $1.1 billion, with a median of $1.1 billion recorded in 2023.
  • Peak annual rise in Operating Leases hit 83.97% in 2021, while the deepest fall reached 45.44% in 2021.
  • Year by year, Operating Leases stood at $1.3 billion in 2021, then decreased by 14.98% to $1.1 billion in 2022, then fell by 11.9% to $985.0 million in 2023, then rose by 4.67% to $1.0 billion in 2024, then grew by 12.32% to $1.2 billion in 2025.
  • Business Quant data shows Operating Leases for LUV at $1.2 billion in Q4 2025, $846.0 million in Q3 2025, and $915.0 million in Q2 2025.