What is Southwest Airlines's contract liabilities, non-current?

Southwest Airlines (LUV) reported contract liabilities, non-current of $1.20B in Q1 2026.

How has Southwest Airlines's contract liabilities, non-current changed year-over-year?

Southwest Airlines's contract liabilities, non-current decreased by 34.8% year-over-year, from $1.84B to $1.20B.

What is the long-term trend for Southwest Airlines's contract liabilities, non-current?

Over 5 years (2020 to 2025), Southwest Airlines's contract liabilities, non-current has grown at a -18.3% compound annual growth rate (CAGR), from $3.34B to $1.22B.

Non-Current Liabilities

Contract Liabilities, Non-Current

Southwest Airlines Contract Liabilities, Non-Current decreased by 1.5% to $1.20B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 34.8%, from $1.84B to $1.20B. Over 5 years (FY 2020 to FY 2025), Contract Liabilities, Non-Current shows a downward trend with a -18.3% CAGR.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Liabilities

First reportedQ4 2019

Last reportedQ1 2026Apr 23, 2026

Metric ID: contract_liabilities_noncurrent

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$2.37B	$2.49B	$2.16B	$2.20B	$2.21B	$2.06B	$2.19B	$1.98B	$1.94B	$1.75B	$1.73B	$1.75B	$1.99B	$1.96B	$1.95B	$1.84B	$1.60B	$1.26B	$1.22B	$1.20B
QoQ Change	—	+5.0%	-13.1%	+2.1%	+0.1%	-6.8%	+6.3%	-9.4%	-2.1%	-9.5%	-1.5%	+1.4%	+13.6%	-1.7%	-0.5%	-5.4%	-13.2%	-21.1%	-3.5%	-1.5%
YoY Change	—	—	—	—	-6.8%	-17.2%	+1.3%	-10.2%	-12.1%	-14.7%	-21.0%	-11.5%	+2.7%	+11.6%	+12.7%	+5.2%	-19.6%	-35.5%	-37.4%	-34.8%

Range$1.20B – $2.49B

CAGR-13.3%

Avg YoY Growth-11.7%

Median YoY Growth-11.8%

Current Streak7 quarters decline

Frequently Asked Questions

What is Southwest Airlines's contract liabilities, non-current?: Southwest Airlines (LUV) reported contract liabilities, non-current of $1.20B in Q1 2026.
How has Southwest Airlines's contract liabilities, non-current changed year-over-year?: Southwest Airlines's contract liabilities, non-current decreased by 34.8% year-over-year, from $1.84B to $1.20B.
What is the long-term trend for Southwest Airlines's contract liabilities, non-current?: Over 5 years (2020 to 2025), Southwest Airlines's contract liabilities, non-current has grown at a -18.3% compound annual growth rate (CAGR), from $3.34B to $1.22B.