Non-Current Assets
Flight equipment
Southwest Airlines Flight equipment decreased by 0.1% to $26.25B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.6%, from $25.35B to $26.25B. Over 5 years (FY 2020 to FY 2025), Flight equipment shows an upward trend with a 4.7% 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
Growth indicates fleet expansion or modernization, while a decline suggests asset retirement or significant depreciation.
Detailed definition
This represents the book value of the company's aircraft fleet, including engines and rotable parts, net of accumulated...
Peer comparison
The primary asset class for all commercial airlines.
Metric ID:
airline_flight_equipmentHistorical 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 | $21.26B | $21.26B | $21.23B | $21.15B | $21.60B | $22.51B | $23.73B | $24.58B | $25.23B | $25.72B | $26.06B | $26.13B | $26.27B | $26.39B | $25.20B | $25.35B | $25.86B | $26.01B | $26.29B | $26.25B |
| QoQ Change | — | +0.0% | -0.2% | -0.4% | +2.1% | +4.2% | +5.4% | +3.6% | +2.7% | +2.0% | +1.3% | +0.3% | +0.5% | +0.5% | -4.5% | +0.6% | +2.0% | +0.6% | +1.1% | -0.1% |
| YoY Change | — | — | — | — | +1.6% | +5.8% | +11.8% | +16.2% | +16.8% | +14.3% | +9.8% | +6.3% | +4.1% | +2.6% | -3.3% | -3.0% | -1.6% | -1.5% | +4.3% | +3.6% |
Range$21.15B – $26.39B
CAGR+4.5%
Avg YoY Growth+5.5%
Median YoY Growth+4.2%
Flight equipment at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's flight equipment?
- Southwest Airlines (LUV) reported flight equipment of $26.25B in Q1 2026.
- How has Southwest Airlines's flight equipment changed year-over-year?
- Southwest Airlines's flight equipment increased by 3.6% year-over-year, from $25.35B to $26.25B.
- What is the long-term trend for Southwest Airlines's flight equipment?
- Over 5 years (2020 to 2025), Southwest Airlines's flight equipment has grown at a 4.7% compound annual growth rate (CAGR), from $20.88B to $26.29B.
- What does flight equipment mean?
- The total value of the company's aircraft and related engine equipment.