Southwest Airlines D&A increased by 7.3% to $398M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 0.5%, from $396M to $398M. Over 4 years (FY 2021 to FY 2025), D&A shows an upward trend with a 5.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryCapital Allocation
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026Apr 23, 2026
How to read this metric
An increase typically reflects significant capital investment in new aircraft, while a decrease may indicate an aging fleet with fully depreciated assets.
Detailed definition
The systematic allocation of the cost of tangible assets, such as aircraft and engines, and intangible assets over their...
Peer comparison
Standard accounting practice, though variations exist based on fleet age and capitalization policies.
Metric ID:
depreciation_and_amortizationHistorical 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 | $315M | $322M | $323M | $324M | $325M | $335M | $367M | $365M | $367M | $375M | $415M | $408M | $404M | $438M | $407M | $396M | $400M | $394M | $371M | $398M |
| QoQ Change | — | +2.2% | +0.3% | +0.3% | +0.3% | +3.1% | +9.6% | -0.5% | +0.5% | +2.2% | +10.7% | -1.7% | -1.0% | +8.4% | -7.1% | -2.7% | +1.0% | -1.5% | -5.8% | +7.3% |
| YoY Change | — | — | — | — | +3.2% | +4.0% | +13.6% | +12.7% | +12.9% | +11.9% | +13.1% | +11.8% | +10.1% | +16.8% | -1.9% | -2.9% | -1.0% | -10.0% | -8.8% | +0.5% |
Range$315M – $438M
CAGR+5.0%
Avg YoY Growth+5.4%
Median YoY Growth+7.1%
D&A at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's d&a?
- Southwest Airlines (LUV) reported d&a of $398M in Q1 2026.
- How has Southwest Airlines's d&a changed year-over-year?
- Southwest Airlines's d&a increased by 0.5% year-over-year, from $396M to $398M.
- What is the long-term trend for Southwest Airlines's d&a?
- Over 4 years (2021 to 2025), Southwest Airlines's d&a has grown at a 5.3% compound annual growth rate (CAGR), from $1.27B to $1.56B.
- What does d&a mean?
- The accounting process of spreading the cost of expensive assets like planes over their useful life.