Other
Air traffic liability - loyalty program
Southwest Airlines Air traffic liability - loyalty program decreased by 1.3% to $4.28B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 11.6%, from $4.84B to $4.28B. Over 5 years (FY 2020 to FY 2025), Air traffic liability - loyalty program shows relatively stable performance with a -0.5% CAGR.
Analysis
StatementBalance Sheet Statement
SectionOther
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ4 2019
Last reportedQ1 2026Apr 23, 2026
How to read this metric
An increase indicates a growing loyalty program and future redemption obligations, which can be a sign of customer engagement.
Detailed definition
The portion of loyalty program obligations representing the estimated value of points or miles earned by customers that...
Peer comparison
Common in airlines with robust loyalty programs; represents a significant long-term financial commitment.
Metric ID:
other_contract_with_customer_liability_air_traffic_liabi_845116Historical 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 | $4.72B | $4.77B | $4.79B | $4.88B | $4.89B | $4.89B | $5.19B | $5.19B | $5.08B | $5.00B | $4.92B | $4.99B | $4.96B | $4.89B | $4.85B | $4.84B | $4.69B | $4.51B | $4.33B | $4.28B |
| QoQ Change | — | +1.1% | +0.4% | +2.0% | +0.0% | +0.0% | +6.2% | +0.0% | -2.1% | -1.6% | -1.6% | +1.4% | -0.5% | -1.5% | -0.8% | -0.2% | -3.1% | -4.0% | -3.8% | -1.3% |
| YoY Change | — | — | — | — | +3.5% | +2.4% | +8.4% | +6.3% | +4.0% | +2.3% | -5.3% | -3.9% | -2.3% | -2.2% | -1.4% | -2.9% | -5.4% | -7.8% | -10.6% | -11.6% |
Range$4.28B – $5.19B
CAGR-2.0%
Avg YoY Growth-1.7%
Median YoY Growth-2.3%
Current Streak8 quarters decline
Air traffic liability - loyalty program at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's air traffic liability - loyalty program?
- Southwest Airlines (LUV) reported air traffic liability - loyalty program of $4.28B in Q1 2026.
- How has Southwest Airlines's air traffic liability - loyalty program changed year-over-year?
- Southwest Airlines's air traffic liability - loyalty program decreased by 11.6% year-over-year, from $4.84B to $4.28B.
- What is the long-term trend for Southwest Airlines's air traffic liability - loyalty program?
- Over 5 years (2020 to 2025), Southwest Airlines's air traffic liability - loyalty program has grown at a -0.5% compound annual growth rate (CAGR), from $4.45B to $4.33B.
- What does air traffic liability - loyalty program mean?
- The estimated value of unredeemed loyalty points owed to customers.