Non-Current Assets
Operating Lease ROU Assets
Southwest Airlines Operating Lease ROU Assets decreased by 6.4% to $1.02B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 21.8%, from $1.30B to $1.02B. Over 5 years (FY 2020 to FY 2025), Operating Lease ROU Assets shows a downward trend with a -10.5% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2018
Last reportedQ1 2026Apr 23, 2026
How to read this metric
Increases reflect expansion of leased operational footprint or equipment, while decreases indicate lease expirations or asset depreciation.
Detailed definition
This asset represents the company's right to use a leased item, such as real estate or equipment, over the lease term. I...
Peer comparison
Standard across all companies reporting under modern lease accounting standards; reflects operational scale.
Metric ID:
non_current_assets_operating_lease_right_of_use_assetHistorical 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 | $1.97B | $1.61B | $1.59B | $1.56B | $1.50B | $1.45B | $1.39B | $1.38B | $1.34B | $1.29B | $1.22B | $1.18B | $1.13B | $1.10B | $1.37B | $1.30B | $1.24B | $1.17B | $1.09B | $1.02B |
| QoQ Change | — | -18.2% | -1.3% | -2.2% | -3.9% | -3.1% | -3.8% | -1.0% | -3.3% | -3.5% | -5.0% | -3.4% | -4.2% | -2.7% | +24.3% | -4.8% | -4.6% | -6.0% | -6.8% | -6.4% |
| YoY Change | — | — | — | — | -24.1% | -10.1% | -12.3% | -11.3% | -10.7% | -11.1% | -12.3% | -14.3% | -15.2% | -14.5% | +11.9% | +10.2% | +9.8% | +6.2% | -20.5% | -21.8% |
Range$1.02B – $1.97B
CAGR-12.9%
Avg YoY Growth-8.7%
Median YoY Growth-11.8%
Current Streak5 quarters decline
Operating Lease ROU Assets at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's operating lease rou assets?
- Southwest Airlines (LUV) reported operating lease rou assets of $1.02B in Q1 2026.
- How has Southwest Airlines's operating lease rou assets changed year-over-year?
- Southwest Airlines's operating lease rou assets decreased by 21.8% year-over-year, from $1.30B to $1.02B.
- What is the long-term trend for Southwest Airlines's operating lease rou assets?
- Over 5 years (2020 to 2025), Southwest Airlines's operating lease rou assets has grown at a -10.5% compound annual growth rate (CAGR), from $1.89B to $1.09B.
- What does operating lease rou assets mean?
- The recorded value of the right to use leased property or equipment over the life of the lease.