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Southwest Airlines (LUV) Operating Leases (2019 - 2026)

Southwest Airlines has reported Operating Leases over the past 10 years, most recently at $709.0 million for Q1 2026.

  • Quarterly Operating Leases rose 7777.78% to $709.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $709.0 million through Mar 2026, up 7777.78% year-over-year, with the annual reading at $768.0 million for FY2025, 25.51% down from the prior year.
  • Operating Leases was $709.0 million for Q1 2026 at Southwest Airlines, down from $768.0 million in the prior quarter.
  • Over five years, Operating Leases peaked at $1.3 billion in Q1 2022 and troughed at $9.0 million in Q1 2025.
  • The 5-year median for Operating Leases is $985.0 million (2023), against an average of $943.8 million.
  • Biggest five-year swings in Operating Leases: plummeted 99.06% in 2025 and later soared 7777.78% in 2026.
  • Tracing LUV's Operating Leases over 5 years: stood at $1.1 billion in 2022, then decreased by 11.9% to $985.0 million in 2023, then increased by 4.67% to $1.0 billion in 2024, then dropped by 25.51% to $768.0 million in 2025, then fell by 7.68% to $709.0 million in 2026.
  • According to Business Quant data, Operating Leases over the past three periods came in at $709.0 million, $768.0 million, and $846.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.