Accumulated Depreciation
Southwest Airlines Accumulated Depreciation increased by 0.5% to $15.78B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.5%, from $15.09B to $15.78B. Over 5 years (FY 2020 to FY 2025), Accumulated Depreciation shows an upward trend with a 6.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A rising balance relative to gross assets suggests an aging infrastructure, potentially signaling a need for future capital expenditure to replace equipment.
Detailed definition
This is the cumulative amount of depreciation expense charged against the company's tangible assets since their acquisit...
Peer comparison
Commonly found in the balance sheet or notes for all companies with significant physical property, plant, and equipment.
ppe_accumulated_depreciationHistorical 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 | $12.20B | $12.50B | $12.73B | $12.95B | $13.22B | $13.50B | $13.64B | $13.88B | $14.16B | $14.39B | $14.44B | $14.54B | $14.86B | $15.09B | $14.89B | $15.09B | $15.42B | $15.57B | $15.70B | $15.78B |
| QoQ Change | — | +2.4% | +1.9% | +1.7% | +2.1% | +2.2% | +1.0% | +1.7% | +2.0% | +1.6% | +0.4% | +0.6% | +2.2% | +1.6% | -1.3% | +1.4% | +2.2% | +1.0% | +0.8% | +0.5% |
| YoY Change | — | — | — | — | +8.3% | +8.0% | +7.1% | +7.2% | +7.1% | +6.6% | +5.9% | +4.7% | +4.9% | +4.9% | +3.1% | +3.8% | +3.8% | +3.2% | +5.4% | +4.5% |
| % of PP&E (Net) | 80.0% | 83.0% | 85.8% | 86.7% | 84.8% | 82.6% | 78.7% | 77.0% | 76.1% | 75.4% | 74.5% | 74.3% | 75.5% | 76.3% | 78.1% | 78.8% | 79.5% | 79.0% | 77.6% | 77.4% |
| Share Change | — | +3.0pp | +2.8pp | +0.9pp | -1.9pp | -2.1pp | -4.0pp | -1.7pp | -0.9pp | -0.7pp | -0.9pp | -0.2pp | +1.2pp | +0.8pp | +1.8pp | +0.6pp | +0.7pp | -0.5pp | -1.5pp | -0.1pp |
Accumulated Depreciation at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's accumulated depreciation?
- Southwest Airlines (LUV) reported accumulated depreciation of $15.78B in Q1 2026.
- How has Southwest Airlines's accumulated depreciation changed year-over-year?
- Southwest Airlines's accumulated depreciation increased by 4.5% year-over-year, from $15.09B to $15.78B.
- What is the long-term trend for Southwest Airlines's accumulated depreciation?
- Over 5 years (2020 to 2025), Southwest Airlines's accumulated depreciation has grown at a 6.0% compound annual growth rate (CAGR), from $11.74B to $15.70B.
- What does accumulated depreciation mean?
- The total amount of depreciation recorded against physical assets over time.