Southwest Airlines (LUV) Total Liabilities (2009 - 2026)
Southwest Airlines' (LUV) quarterly Total Liabilities came in at $23.0 billion in Q2 2026, up 11.24% on a YoY basis from $20.7 billion in Q2 2025, and up 2.49% quarter-over-quarter from $22.5 billion in Q1 2026.
Analysis
Southwest Airlines (LUV) Total Liabilities (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Total Liabilities for 18 consecutive years, with $23.0 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Total Liabilities rose 11.24% year-over-year to $23.0 billion; the trailing twelve-month figure through Jun 2026 stood at $23.0 billion (up 11.24% YoY), and the FY2025 full-year result was $21.1 billion, down 9.91% from the prior year.
- Total Liabilities rose to $23.0 billion in Q2 2026 per LUV's latest filing, from $22.5 billion in the prior quarter.
- Across five years, Total Liabilities topped out at $27.2 billion in Q2 2022 and bottomed at $20.5 billion in Q3 2025.
- Historically, Total Liabilities has averaged $24.3 billion across 5 years, with a median of $24.9 billion in 2022.
- The sharpest annual moves came in 2025 and 2026: Total Liabilities declined 17.48% in 2025, then advanced 11.24% in 2026.
- Over 5 years, Total Liabilities stood at $24.7 billion in 2022, then climbed by 5.23% to $26.0 billion in 2023, then declined by 9.9% to $23.4 billion in 2024, then declined by 9.91% to $21.1 billion in 2025, then advanced by 9.3% to $23.0 billion in 2026.
- According to Business Quant data, Total Liabilities over the past three periods registered $23.0 billion, $22.5 billion, and $21.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.71 Bn | 48.04 Bn | 19.07 Bn | 64.51 Bn |
| 2 | Ryanair Holdings | 28.90 Bn | 24.96 Bn | - | -10.09 Bn |
| 3 | Southwest Airlines | 19.37 Bn | 15.58 Bn | 7.33 Bn | 23.04 Bn |
| 4 | Copa Holdings | 5.44 Bn | 4.18 Bn | 1.03 Bn | 4.26 Bn |
| 5 | Alaska Air | 4.69 Bn | 2.03 Bn | 3.76 Bn | 17.58 Bn |
| 6 | Skywest | 3.85 Bn | 3.25 Bn | 1.01 Bn | 4.65 Bn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.30 Bn | 1.27 Bn | - | 8.02 Bn |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | 4.67 Bn |
| 9 | Jetblue Airways | 1.75 Bn | -274.49 Mn | 2.32 Bn | 14.78 Bn |
| 10 | Frontier Group Holdings | 1.37 Bn | 416.98 Mn | - | 7.11 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.04 Bn |
| Mar 31, 2026 | 22.48 Bn |
| Dec 31, 2025 | 21.08 Bn |
| Sep 30, 2025 | 20.54 Bn |
| Jun 30, 2025 | 20.71 Bn |
| Mar 31, 2025 | 23.85 Bn |
| Dec 31, 2024 | 23.40 Bn |
| Sep 30, 2024 | 24.44 Bn |
| Jun 30, 2024 | 25.10 Bn |
| Mar 31, 2024 | 25.82 Bn |
| Dec 31, 2023 | 25.97 Bn |
| Sep 30, 2023 | 25.93 Bn |
| Jun 30, 2023 | 25.73 Bn |
| Mar 31, 2023 | 25.24 Bn |
| Dec 31, 2022 | 24.68 Bn |
| Sep 30, 2022 | 25.02 Bn |
| Jun 30, 2022 | 27.18 Bn |
| Mar 31, 2022 | 26.85 Bn |
| Dec 31, 2021 | 25.91 Bn |
| Sep 30, 2021 | 26.86 Bn |