Southwest Airlines (LUV) Other Operating Expenses (2009 - 2026)
Southwest Airlines (LUV) posted quarterly Other Operating Expenses of $8.1 billion for Q2 2026, up 16.07% year-on-year from $7.0 billion in Q2 2025, and up 17.75% on a QoQ basis from $6.9 billion in Q1 2026.
Southwest Airlines (LUV) Other Operating Expenses (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Other Operating Expenses for 18 consecutive years, with $8.1 billion the latest figure, recorded in Q2 2026.
- Quarterly Other Operating Expenses rose 16.07% year-over-year to $8.1 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $29.0 billion (up 6.91% YoY) and the FY2025 annual result came in at $27.6 billion, up 1.74% from the prior year.
- Other Operating Expenses grew to $8.1 billion in Q2 2026 per LUV's latest filing, from $6.9 billion in the prior quarter.
- Over the last five years, Other Operating Expenses for LUV reached as high as $8.1 billion in Q2 2026 and fell as low as $4.8 billion in Q1 2022.
- A 5-year average of $6.6 billion and a median of $6.7 billion in 2024 frame the typical range for Other Operating Expenses.
- Annual changes were most pronounced in 2022 — Other Operating Expenses soared 161.47% — and 2024, when it dropped 7.96%.
- Year by year, Other Operating Expenses stood at $6.6 billion in 2022, then advanced by 10.22% to $7.2 billion in 2023, then retreated by 7.96% to $6.7 billion in 2024, then grew by 6.0% to $7.1 billion in 2025, then increased by 15.54% to $8.1 billion in 2026.
- According to Business Quant data, Other Operating Expenses over the past three periods registered $8.1 billion, $6.9 billion, and $7.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Latam Airlines | 29,341.35 Bn | 29,338.67 Bn | 1.28 Mn |
| 2 | Ryanair Holdings | 183.33 Bn | 180.79 Bn | - |
| 3 | Delta Air Lines | 53.61 Bn | 48.95 Bn | 19.07 Bn |
| 4 | Southwest Airlines | 21.85 Bn | 18.53 Bn | 7.33 Bn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.69 Bn | 7.93 Bn | - |
| 6 | Copa Holdings | 5.59 Bn | 4.26 Bn | 713.71 Mn |
| 7 | Alaska Air | 5.12 Bn | 3.35 Bn | 3.20 Bn |
| 8 | Skywest | 3.85 Bn | 3.22 Bn | 1.01 Bn |
| 9 | Jetblue Airways | 1.85 Bn | 1.44 Bn | 1.87 Bn |
| 10 | Allegiant Travel | 1.72 Bn | 818.03 Mn | 651.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.15 Bn |
| Mar 31, 2026 | 6.92 Bn |
| Dec 31, 2025 | 7.05 Bn |
| Sep 30, 2025 | 6.91 Bn |
| Jun 30, 2025 | 7.02 Bn |
| Mar 31, 2025 | 6.65 Bn |
| Dec 31, 2024 | 6.65 Bn |
| Sep 30, 2024 | 6.83 Bn |
| Jun 30, 2024 | 6.96 Bn |
| Mar 31, 2024 | 6.72 Bn |
| Dec 31, 2023 | 7.23 Bn |
| Sep 30, 2023 | 6.41 Bn |
| Jun 30, 2023 | 6.24 Bn |
| Mar 31, 2023 | 5.99 Bn |
| Dec 31, 2022 | 6.56 Bn |
| Sep 30, 2022 | 5.83 Bn |
| Jun 30, 2022 | 5.57 Bn |
| Mar 31, 2022 | 4.85 Bn |
| Dec 31, 2021 | 4.86 Bn |
| Sep 30, 2021 | 3.95 Bn |