Southwest Airlines (LUV) Property, Plant & Equipment (Net) (2009 - 2026)
Southwest Airlines' Property, Plant & Equipment (Net) was $20.64 billion in Q2 2026, up 6.4% from $19.4 billion a year earlier and up 1.3% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Property, Plant & Equipment (Net) (2009 - 2026) Analysis & Trends
At the end of FY2025, Property, Plant & Equipment (Net) at Southwest Airlines came in at $20.25 billion, up 6.2% from FY2024.
- Property, Plant & Equipment (Net) shows a five-year compound annual growth rate of 5.0% (FY2020 to FY2025).
- In earlier years, Property, Plant & Equipment (Net) was $19.06 billion in FY2024 (-1.6%), $19.38 billion in FY2023 (+11.7%), $17.34 billion in FY2022 (+16.8%) and $14.84 billion in FY2021 (-6.2%).
- The Q2 2026 figure marks the highest quarterly Property, Plant & Equipment (Net) in data going back to Q1 2009.
- Compared with a year earlier, Property, Plant & Equipment (Net) has increased for three straight quarters, with growth averaging 2.2% over the last eight quarters.
- The best year-over-year quarter for Property, Plant & Equipment (Net) over five years was Q1 2023 (growth of 20.7%); the worst was Q4 2021 (a decline of 6.2%).
- Per Business Quant data, LUV's Property, Plant & Equipment (Net) in the three quarters before Q2 2026 was $20.38 billion (Q1 2026), $20.25 billion (Q4 2025) and $19.71 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PP&E (Net) (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 173.89 Bn | 166.14 Bn | - | 60.63 Bn |
| 2 | Csx | 94.27 Bn | 89.49 Bn | - | 37.14 Bn |
| 3 | United Parcel Service | 86.13 Bn | 63.03 Bn | - | 37.89 Bn |
| 4 | Canadian Pacific Kansas City | 79.52 Bn | 78.54 Bn | - | 40.23 Bn |
| 5 | Norfolk Southern | 74.18 Bn | 68.65 Bn | - | 36.86 Bn |
| 6 | Fedex | 71.02 Bn | 36.96 Bn | - | 42.04 Bn |
| 7 | Delta Air Lines | 50.26 Bn | 32.44 Bn | - | 42.21 Bn |
| 8 | Old Dominion Freight Line | 38.08 Bn | 37.35 Bn | - | 4.44 Bn |
| 9 | United Airlines Holdings | 31.84 Bn | -25.85 Bn | - | 49.37 Bn |
| 10 | Southwest Airlines | 20.38 Bn | 6.41 Bn | - | 20.99 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.99 Bn |
| Jun 30, 2026 | 20.64 Bn |
| Mar 31, 2026 | 20.38 Bn |
| Dec 31, 2025 | 20.25 Bn |
| Sep 30, 2025 | 19.71 Bn |
| Jun 30, 2025 | 19.40 Bn |
| Mar 31, 2025 | 19.16 Bn |
| Dec 31, 2024 | 19.06 Bn |
| Sep 30, 2024 | 19.77 Bn |
| Jun 30, 2024 | 19.67 Bn |
| Mar 31, 2024 | 19.56 Bn |
| Dec 31, 2023 | 19.38 Bn |
| Sep 30, 2023 | 19.08 Bn |
| Jun 30, 2023 | 18.60 Bn |
| Mar 31, 2023 | 18.02 Bn |
| Dec 31, 2022 | 17.34 Bn |
| Sep 30, 2022 | 16.34 Bn |
| Jun 30, 2022 | 15.59 Bn |
| Mar 31, 2022 | 14.94 Bn |
| Dec 31, 2021 | 14.84 Bn |
API Access
Southwest Airlines Property, Plant & Equipment (Net) 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=property-plant-and-equipment-net&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-plant-and-equipment-net", "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=property-plant-and-equipment-net&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();