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
DateValue
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