Southwest Airlines (LUV) Other Operating Expenses (2009 - 2026)
Southwest Airlines (LUV) posted Other Operating Expenses of $1.95 billion for Q3 2026, down 1.0% from $1.97 billion a year earlier and down 3.9% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Other Operating Expenses (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Other Operating Expenses at Southwest Airlines was $7.82 billion, up 2.1% year-over-year; for FY2025, it was $7.87 billion, up 5.6% from FY2024.
- Annual Other Operating Expenses has increased for four consecutive years, with a five-year compound annual growth rate of 21.7% (FY2020 to FY2025).
- In prior years, Southwest Airlines' Other Operating Expenses was $7.45 billion in FY2024 (+6.8%), $6.98 billion in FY2023 (+14.5%), $6.1 billion in FY2022 (+249.5%) and $1.74 billion in FY2021 (-40.9%).
- Quarterly Other Operating Expenses has run from a low of $1.26 billion in Q4 2021 to a high of $2.03 billion in Q2 2026 over five years.
- On a year-over-year basis, Other Operating Expenses increased in four of the last eight quarters, with growth averaging 1.2%.
- The strongest year-over-year quarter for Other Operating Expenses in the past five years was Q2 2022, with growth of 194.9%; the weakest was Q4 2024, with a decline of 10.1%.
- According to Business Quant data, Other Operating Expenses for the three prior quarters was $2.03 billion (Q2 2026), $1.87 billion (Q1 2026) and $1.97 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - |
| 10 | Southwest Airlines | 21.75 Bn | 7.77 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.03 Bn |
| 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 |
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();