Southwest Airlines (LUV) Other Operating Expenses (2009 - 2026)
Southwest Airlines posted quarterly Other Operating Expenses of $6.3 billion for Q1 2026, up 3.56% year-on-year from $6.1 billion in Q1 2025, and down 2.52% on a QoQ basis from $6.5 billion in Q4 2025.
Southwest Airlines (LUV) has 18 years of Other Operating Expenses data on file, last reported at $6.3 billion in Q1 2026.
- For the quarter ending Q1 2026, Other Operating Expenses rose 3.56% year-over-year to $6.3 billion; the trailing twelve-month figure through Mar 2026 stood at $25.7 billion (up 2.41% YoY), and the FY2025 full-year result was $25.5 billion, up 1.02% from the prior year.
- Other Operating Expenses for Q1 2026 stood at $6.3 billion, down from $6.5 billion in the prior quarter.
- Across five years, Other Operating Expenses topped out at $6.8 billion in Q4 2023 and bottomed at $4.5 billion in Q1 2022.
- The 5-year median for Other Operating Expenses is $6.2 billion (2022), against an average of $6.0 billion.
- The widest annual swing landed in 2022, when Other Operating Expenses soared 192.14%; it then slipped 8.93% in 2024.
- A 5-year view of Other Operating Expenses shows it stood at $6.2 billion in 2022, then grew by 9.47% to $6.8 billion in 2023, then slipped by 8.93% to $6.2 billion in 2024, then gained by 5.73% to $6.5 billion in 2025, then dropped by 2.52% to $6.3 billion in 2026.
- The last three Other Operating Expenses figures came in at $6.3 billion (Q1 2026), $6.5 billion (Q4 2025), and $6.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.35 Bn |
| Dec 31, 2025 | 6.51 Bn |
| Sep 30, 2025 | 6.37 Bn |
| Jun 30, 2025 | 6.45 Bn |
| Mar 31, 2025 | 6.13 Bn |
| Dec 31, 2024 | 6.16 Bn |
| Sep 30, 2024 | 6.34 Bn |
| Jun 30, 2024 | 6.45 Bn |
| Mar 31, 2024 | 6.26 Bn |
| Dec 31, 2023 | 6.76 Bn |
| Sep 30, 2023 | 5.95 Bn |
| Jun 30, 2023 | 5.78 Bn |
| Mar 31, 2023 | 5.58 Bn |
| Dec 31, 2022 | 6.18 Bn |
| Sep 30, 2022 | 5.43 Bn |
| Jun 30, 2022 | 5.18 Bn |
| Mar 31, 2022 | 4.50 Bn |
| Dec 31, 2021 | 4.49 Bn |
| Sep 30, 2021 | 3.57 Bn |
| Jun 30, 2021 | 3.01 Bn |
| Mar 31, 2021 | 1.54 Bn |
| Dec 31, 2020 | 2.86 Bn |
| Sep 30, 2020 | 2.90 Bn |
| Jun 30, 2020 | 1.86 Bn |
| Mar 31, 2020 | 4.01 Bn |
| Dec 31, 2019 | 4.74 Bn |
| Sep 30, 2019 | 4.48 Bn |
| Jun 30, 2019 | 4.58 Bn |
| Mar 31, 2019 | 4.31 Bn |
| Dec 31, 2018 | 4.56 Bn |
| Sep 30, 2018 | 4.44 Bn |
| Jun 30, 2018 | 4.43 Bn |
| Mar 31, 2018 | 4.00 Bn |
| Dec 31, 2017 | 4.20 Bn |
| Sep 30, 2017 | 4.13 Bn |
| Jun 30, 2017 | 4.18 Bn |
| Mar 31, 2017 | 3.94 Bn |
| Dec 31, 2016 | 4.04 Bn |
| Sep 30, 2016 | 4.14 Bn |
| Jun 30, 2016 | 3.80 Bn |
| Mar 31, 2016 | 3.58 Bn |
| Dec 31, 2015 | 3.67 Bn |
| Sep 30, 2015 | 3.78 Bn |
| Jun 30, 2015 | 3.72 Bn |
| Mar 31, 2015 | 3.33 Bn |
| Dec 31, 2014 | 3.70 Bn |
| Sep 30, 2014 | 3.87 Bn |
| Jun 30, 2014 | 3.90 Bn |
| Mar 31, 2014 | 3.67 Bn |
| Dec 31, 2013 | 3.77 Bn |
| Sep 30, 2013 | 3.84 Bn |
| Jun 30, 2013 | 3.89 Bn |
| Mar 31, 2013 | 3.74 Bn |
| Dec 31, 2012 | 3.82 Bn |
| Sep 30, 2012 | 3.84 Bn |
| Jun 30, 2012 | 3.89 Bn |
| Mar 31, 2012 | 3.70 Bn |
| Dec 31, 2011 | 153.00 Mn |
| Sep 30, 2011 | -157.00 Mn |
| Jun 30, 2011 | 160.00 |
| Mar 31, 2011 | 2.77 Bn |
| Dec 31, 2010 | 154.00 Mn |
| Sep 30, 2010 | 231.00 Mn |
| Jun 30, 2010 | 109.00 |
| Mar 31, 2010 | 2.39 Bn |
| Dec 31, 2009 | 2.36 Bn |
| Sep 30, 2009 | 2.45 Bn |
| Jun 30, 2009 | 2.31 Bn |
| Mar 31, 2009 | 2.57 Bn |