Southwest Airlines (LUV) Other Operating Expenses (2009 - 2026)
Southwest Airlines' Other Operating Expenses came in at $1.1 billion for Q2 2026, down 2.8% from $1.13 billion a year earlier but up 6.2% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Other Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Southwest Airlines reported Other Operating Expenses of $4.38 billion, up 3.1% year-over-year; for FY2025, it came in at $4.47 billion, up 8.0% from FY2024.
- Other Operating Expenses has increased in each of the last five years, with a five-year compound annual growth rate of 18.3% (FY2020 to FY2025).
- Going back by year, Other Operating Expenses was $4.14 billion in FY2024 (+3.5%), $4 billion in FY2023 (+7.1%), $3.74 billion in FY2022 (+56.0%) and $2.39 billion in FY2021 (+24.3%).
- The five-year range for quarterly Other Operating Expenses is $662 million (Q3 2021) to $1.39 billion (Q4 2022).
- Year-over-year, Other Operating Expenses increased in five of the last eight quarters, with growth averaging 2.7%.
- The fastest year-over-year change in Other Operating Expenses over five years came in Q4 2022 (growth of 103.5%), and the weakest in Q4 2023 (a decline of 18.8%).
- Business Quant data shows LUV's Other Operating Expenses at $1.04 billion (Q1 2026), $1.12 billion (Q4 2025) and $1.12 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 170.50 Bn | 165.03 Bn | - |
| 2 | Csx | 88.86 Bn | 85.07 Bn | - |
| 3 | United Parcel Service | 82.91 Bn | 59.81 Bn | - |
| 4 | Canadian Pacific Kansas City | 76.79 Bn | 75.81 Bn | - |
| 5 | Norfolk Southern | 72.78 Bn | 67.42 Bn | - |
| 6 | Fedex | 69.54 Bn | 35.48 Bn | - |
| 7 | Delta Air Lines | 48.82 Bn | 31.01 Bn | - |
| 8 | Old Dominion Freight Line | 38.83 Bn | 38.10 Bn | - |
| 9 | United Airlines Holdings | 31.02 Bn | -25.36 Bn | - |
| 10 | Southwest Airlines | 18.96 Bn | 5.59 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.10 Bn |
| Mar 31, 2026 | 1.04 Bn |
| Dec 31, 2025 | 1.12 Bn |
| Sep 30, 2025 | 1.12 Bn |
| Jun 30, 2025 | 1.13 Bn |
| Mar 31, 2025 | 1.09 Bn |
| Dec 31, 2024 | 950.00 Mn |
| Sep 30, 2024 | 1.08 Bn |
| Jun 30, 2024 | 1.09 Bn |
| Mar 31, 2024 | 1.02 Bn |
| Dec 31, 2023 | 1.13 Bn |
| Sep 30, 2023 | 958.00 Mn |
| Jun 30, 2023 | 956.00 Mn |
| Mar 31, 2023 | 952.00 Mn |
| Dec 31, 2022 | 1.39 Bn |
| Sep 30, 2022 | 819.00 Mn |
| Jun 30, 2022 | 791.00 Mn |
| Mar 31, 2022 | 731.00 Mn |
| Dec 31, 2021 | 684.00 Mn |
| Sep 30, 2021 | 662.00 Mn |
API Access
Southwest Airlines Other Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-operating-expenses", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();