Air traffic liability - passenger travel and ancillary passenger services
Southwest Airlines Air traffic liability - passenger travel and ancillary passenger services increased by 40.4% to $3.97B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.2%, from $4.06B to $3.97B. Over 5 years (FY 2020 to FY 2025), Air traffic liability - passenger travel and ancillary passenger services shows relatively stable performance with a 1.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Growth indicates strong forward bookings and customer demand, while a decline may signal weakening future revenue.
Detailed definition
Deferred revenue representing payments received from passengers for air travel that has not yet been provided. This is a...
Peer comparison
Standard across the airline industry as a primary indicator of short-term demand health.
other_contract_with_customer_liability_air_traffic_liabi_00e06aHistorical Data
| 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 | $3.96B | $3.46B | $2.94B | $3.73B | $3.63B | $3.54B | $3.06B | $4.01B | $3.98B | $4.00B | $3.36B | $4.41B | $4.11B | $3.81B | $3.39B | $4.06B | $3.60B | $3.62B | $2.83B | $3.97B |
| QoQ Change | — | -12.5% | -15.2% | +26.9% | -2.5% | -2.6% | -13.5% | +30.9% | -0.7% | +0.6% | -16.0% | +31.0% | -6.6% | -7.3% | -11.0% | +19.7% | -11.3% | +0.5% | -21.8% | +40.4% |
| YoY Change | — | — | — | — | -8.2% | +2.2% | +4.3% | +7.5% | +9.5% | +13.1% | +9.9% | +10.0% | +3.4% | -4.7% | +0.9% | -7.9% | -12.4% | -5.1% | -16.6% | -2.2% |
Air traffic liability - passenger travel and ancillary passenger services at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's air traffic liability - passenger travel and ancillary passenger services?
- Southwest Airlines (LUV) reported air traffic liability - passenger travel and ancillary passenger services of $3.97B in Q1 2026.
- How has Southwest Airlines's air traffic liability - passenger travel and ancillary passenger services changed year-over-year?
- Southwest Airlines's air traffic liability - passenger travel and ancillary passenger services decreased by 2.2% year-over-year, from $4.06B to $3.97B.
- What is the long-term trend for Southwest Airlines's air traffic liability - passenger travel and ancillary passenger services?
- Over 5 years (2020 to 2025), Southwest Airlines's air traffic liability - passenger travel and ancillary passenger services has grown at a 1.0% compound annual growth rate (CAGR), from $2.69B to $2.83B.
- What does air traffic liability - passenger travel and ancillary passenger services mean?
- Money collected from customers for flights that have not happened yet.