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Southwest Airlines LUV Aircraft maintenance materials and outside repairs

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Other financials

Income statement

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Revenue$8.4B+16.4%
Operating income$285.0M+26.7%
Net income$233.0M+9.4%
EPS (diluted)$0.47+20.5%

Balance sheet

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Cash & equivalents$3.8B+9.1%
Total debt$6.9B+29.0%
Total equity$7.1B-11.5%
Total assets$30.1B+4.9%

Cash flow

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Operating cash flow$530.0M+32.2%
CapEx$818.0M+23.9%
Free cash flow-$288.0M-11.2%

Valuation

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Market cap$22.96B+47.2%
Enterprise value$26.06B+49.2%
P/E27.4×-12.4×
P/S0.8×+0.2×

Profitability

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Operating margin3.5%+2.3pp
Net margin2.8%+1.4pp
FCF margin-1.5%+0.5pp

Returns & leverage

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Return on equity11.1%+6.9pp
Debt / equity+0.3×
Current ratio0.5×-0.1×

Where this comes from

Reported directly by Southwest Airlines in its filing.

Tagged under the XBRL concept us-gaap:AircraftMaintenanceMaterialsAndRepairs.

The source filing: Southwest Airlines’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000092380-26-000077
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
OPERATING EXPENSES:
Salaries, wages, and benefits3,4993,2626,7976,364
Aircraft fuel and related taxes2,2151,3263,5712,575
Maintenance materials and repairs294331552623
Landing fees and airport rentals6365671,2081,090
Depreciation and amortization402400800795
Other operating expenses1,1011,1332,1392,223
Total operating expenses8,1477,01915,06713,670

Item 1. Financial Statements

FAQ

What is Southwest Airlines's aircraft maintenance materials and outside repairs?
Southwest Airlines (LUV) reported aircraft maintenance materials and outside repairs of $294M in Q2 2026.
How has Southwest Airlines's aircraft maintenance materials and outside repairs changed year-over-year?
Southwest Airlines's aircraft maintenance materials and outside repairs decreased by 11.2% year-over-year, from $331M to $294M.
What is the long-term trend for Southwest Airlines's aircraft maintenance materials and outside repairs?
Over 4 years (2021 to 2025), Southwest Airlines's aircraft maintenance materials and outside repairs has grown at a 9.5% compound annual growth rate (CAGR), from $853M to $1.23B.
What does aircraft maintenance materials and outside repairs mean?
Covers the costs associated with maintaining the airworthiness of the fleet, including routine inspections, engine overhauls, and replacement parts. This expense is essential for safety compliance and operational reliability.

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