What is Southwest Airlines's operating lease rou assets?

Southwest Airlines (LUV) reported operating lease rou assets of $1.02B in Q1 2026.

How has Southwest Airlines's operating lease rou assets changed year-over-year?

Southwest Airlines's operating lease rou assets decreased by 21.8% year-over-year, from $1.3B to $1.02B.

What is the long-term trend for Southwest Airlines's operating lease rou assets?

Over 5 years (2020 to 2025), Southwest Airlines's operating lease rou assets has grown at a -10.5% compound annual growth rate (CAGR), from $1.89B to $1.09B.

Non-Current Assets

Operating Lease ROU Assets

Southwest Airlines Operating Lease ROU Assets decreased by 6.4% to $1.02B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 21.8%, from $1.3B to $1.02B. Over 5 years (FY 2020 to FY 2025), Operating Lease ROU Assets shows a downward trend with a -10.5% CAGR.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

First reportedQ4 2018

Last reportedQ1 2026Apr 23, 2026

Metric ID: non_current_assets_operating_lease_right_of_use_asset

Historical 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	$1.97B	$1.61B	$1.59B	$1.56B	$1.5B	$1.45B	$1.39B	$1.38B	$1.34B	$1.29B	$1.22B	$1.18B	$1.13B	$1.1B	$1.37B	$1.3B	$1.24B	$1.17B	$1.09B	$1.02B
QoQ Change	—	-18.2%	-1.3%	-2.2%	-3.9%	-3.1%	-3.8%	-1.0%	-3.3%	-3.5%	-5.0%	-3.4%	-4.2%	-2.7%	+24.3%	-4.8%	-4.6%	-6.0%	-6.8%	-6.4%
YoY Change	—	—	—	—	-24.1%	-10.1%	-12.3%	-11.3%	-10.7%	-11.1%	-12.3%	-14.3%	-15.2%	-14.5%	+11.9%	+10.2%	+9.8%	+6.2%	-20.5%	-21.8%

Range$1.02B – $1.97B

CAGR-12.9%

Avg YoY Growth-8.7%

Median YoY Growth-11.8%

Current Streak5 quarters decline

Operating Lease ROU Assets at Other Companies

Delta Air LinesDAL View metric

United Airlines HoldingsUAL View metric

Frequently Asked Questions

What is Southwest Airlines's operating lease rou assets?: Southwest Airlines (LUV) reported operating lease rou assets of $1.02B in Q1 2026.
How has Southwest Airlines's operating lease rou assets changed year-over-year?: Southwest Airlines's operating lease rou assets decreased by 21.8% year-over-year, from $1.3B to $1.02B.
What is the long-term trend for Southwest Airlines's operating lease rou assets?: Over 5 years (2020 to 2025), Southwest Airlines's operating lease rou assets has grown at a -10.5% compound annual growth rate (CAGR), from $1.89B to $1.09B.