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Southwest Airlines (LUV) Rent Expense (2016 - 2026)

Southwest Airlines has reported Rent Expense over the past 18 years, most recently at $572.0 million for Q1 2026.

  • Quarterly Rent Expense rose 9.58% to $572.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $2.2 billion through Mar 2026, up 10.25% year-over-year, with the annual reading at $2.2 billion for FY2025, 11.01% up from the prior year.
  • Rent Expense was $572.0 million for Q1 2026 at Southwest Airlines, up from $540.0 million in the prior quarter.
  • Over five years, Rent Expense peaked at $572.0 million in Q1 2026 and troughed at $346.0 million in Q1 2022.
  • The 5-year median for Rent Expense is $479.0 million (2023), against an average of $471.6 million.
  • Biggest five-year swings in Rent Expense: dropped 3.72% in 2022 and later rose 22.37% in 2023.
  • Tracing LUV's Rent Expense over 5 years: stood at $380.0 million in 2022, then increased by 22.37% to $465.0 million in 2023, then grew by 6.24% to $494.0 million in 2024, then grew by 9.31% to $540.0 million in 2025, then increased by 5.93% to $572.0 million in 2026.
  • According to Business Quant data, Rent Expense over the past three periods came in at $572.0 million, $540.0 million, and $548.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.