Non-Current Assets
PP&E (Net)
Southwest Airlines PP&E (Net) increased by 0.6% to $20.38B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.4%, from $19.16B to $20.38B. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows an upward trend with a 5.0% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026Apr 23, 2026
How to read this metric
An increase indicates ongoing investment in physical capacity, whereas a decline may suggest aging assets or a strategy of asset-light operations.
Detailed definition
This metric represents the book value of tangible assets after subtracting accumulated depreciation from the total histo...
Peer comparison
Standard line item for all manufacturing and industrial companies; directly comparable across peers.
Metric ID:
property_plant_equipment_netHistorical 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 | $15.24B | $15.06B | $14.84B | $14.94B | $15.59B | $16.34B | $17.34B | $18.02B | $18.60B | $19.08B | $19.38B | $19.56B | $19.67B | $19.77B | $19.06B | $19.16B | $19.40B | $19.71B | $20.25B | $20.38B |
| QoQ Change | — | -1.2% | -1.4% | +0.6% | +4.4% | +4.8% | +6.2% | +3.9% | +3.2% | +2.6% | +1.6% | +1.0% | +0.5% | +0.5% | -3.6% | +0.5% | +1.3% | +1.6% | +2.7% | +0.6% |
| YoY Change | — | — | — | — | +2.3% | +8.5% | +16.8% | +20.7% | +19.3% | +16.8% | +11.7% | +8.5% | +5.7% | +3.7% | -1.6% | -2.1% | -1.3% | -0.3% | +6.2% | +6.4% |
Range$14.84B – $20.38B
CAGR+6.3%
Avg YoY Growth+7.6%
Median YoY Growth+6.3%
Current Streak5 quarters growth
PP&E (Net) at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's pp&e (net)?
- Southwest Airlines (LUV) reported pp&e (net) of $20.38B in Q1 2026.
- How has Southwest Airlines's pp&e (net) changed year-over-year?
- Southwest Airlines's pp&e (net) increased by 6.4% year-over-year, from $19.16B to $20.38B.
- What is the long-term trend for Southwest Airlines's pp&e (net)?
- Over 5 years (2020 to 2025), Southwest Airlines's pp&e (net) has grown at a 5.0% compound annual growth rate (CAGR), from $15.83B to $20.25B.
- What does pp&e (net) mean?
- The current book value of physical assets after accounting for wear and tear.