Southwest Airlines (LUV) Total Non-Current Liabilities (2009 - 2026)
Southwest Airlines (LUV) reported Total Non-Current Liabilities of $21.3 billion for Q1 2026, down 7.16% on a YoY basis from $22.9 billion in Q1 2025, and up 7.63% quarter-over-quarter from $19.8 billion in Q4 2025.
Southwest Airlines (LUV) Total Non-Current Liabilities (2009 - 2026) Analysis & Trends
Southwest Airlines has reported Total Non-Current Liabilities for 18 years, with the latest figure at $21.3 billion in Q1 2026.
- For the quarter ending Q1 2026, Total Non-Current Liabilities fell 7.16% year-over-year to $21.3 billion; the trailing twelve-month figure through Mar 2026 stood at $21.3 billion (down 7.16% YoY), and the FY2025 full-year result was $19.8 billion, down 12.08% from the prior year.
- Total Non-Current Liabilities for Q1 2026 stood at $21.3 billion, up from $19.8 billion in the prior quarter.
- The five-year high for Total Non-Current Liabilities was $26.1 billion in Q2 2022, with the low at $19.4 billion in Q3 2025.
- Historically, Total Non-Current Liabilities has averaged $23.5 billion across 5 years, with a median of $24.2 billion in 2022.
- Annual changes were most pronounced in 2023 — Total Non-Current Liabilities grew 6.53% — and 2025, when it retreated 18.61%.
- Southwest Airlines' Total Non-Current Liabilities stood at $24.2 billion in 2022, then gained by 6.53% to $25.7 billion in 2023, then decreased by 12.65% to $22.5 billion in 2024, then fell by 12.08% to $19.8 billion in 2025, then advanced by 7.63% to $21.3 billion in 2026.
- The last three Total Non-Current Liabilities figures came in at $21.3 billion (Q1 2026), $19.8 billion (Q4 2025), and $19.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Non-Current Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | 1.26 Bn |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 31.36 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 4.61 Bn |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 21.28 Bn |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 2.45 Bn |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 9.51 Bn |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 4.41 Bn |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | 3.36 Bn |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | 14.49 Bn |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 3.26 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.28 Bn |
| Dec 31, 2025 | 19.77 Bn |
| Sep 30, 2025 | 19.39 Bn |
| Jun 30, 2025 | 19.67 Bn |
| Mar 31, 2025 | 22.92 Bn |
| Dec 31, 2024 | 22.49 Bn |
| Sep 30, 2024 | 23.50 Bn |
| Jun 30, 2024 | 24.17 Bn |
| Mar 31, 2024 | 24.89 Bn |
| Dec 31, 2023 | 25.75 Bn |
| Sep 30, 2023 | 25.05 Bn |
| Jun 30, 2023 | 25.41 Bn |
| Mar 31, 2023 | 24.85 Bn |
| Dec 31, 2022 | 24.17 Bn |
| Sep 30, 2022 | 23.97 Bn |
| Jun 30, 2022 | 26.06 Bn |
| Mar 31, 2022 | 25.57 Bn |
| Dec 31, 2021 | 25.21 Bn |
| Sep 30, 2021 | 25.76 Bn |
| Jun 30, 2021 | 27.40 Bn |