Non-Current Liabilities
Operating Lease Liabilities
Southwest Airlines Operating Lease Liabilities decreased by 7.7% to $709.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 26.9%, from $970.00M to $709.00M. Over 5 years (FY 2020 to FY 2025), Operating Lease Liabilities shows a downward trend with a -13.2% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ4 2015
Last reportedQ1 2026Apr 23, 2026
How to read this metric
An increase reflects long-term expansion of the leased asset base, while a decrease indicates a reduction in long-term lease commitments.
Detailed definition
This represents the portion of operating lease obligations that are due beyond the next twelve months. It reflects the l...
Peer comparison
Standard long-term liability for companies with significant real estate or equipment footprints.
Metric ID:
operating_lease_liabilities_non_currentHistorical 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 | $1.68B | $1.33B | $1.32B | $1.28B | $1.22B | $1.18B | $1.12B | $1.11B | $1.08B | $1.04B | $985.00M | $953.00M | $915.00M | $888.00M | $1.03B | $970.00M | $915.00M | $846.00M | $768.00M | $709.00M |
| QoQ Change | — | -20.5% | -1.4% | -2.9% | -4.5% | -3.0% | -5.5% | -0.5% | -3.1% | -3.5% | -5.2% | -3.2% | -4.0% | -3.0% | +16.1% | -5.9% | -5.7% | -7.5% | -9.2% | -7.7% |
| YoY Change | — | — | — | — | -27.3% | -11.3% | -15.0% | -12.9% | -11.7% | -12.2% | -11.9% | -14.3% | -15.0% | -14.5% | +4.7% | +1.8% | +0.0% | -4.7% | -25.5% | -26.9% |
Range$709.00M – $1.68B
CAGR-16.6%
Avg YoY Growth-12.3%
Median YoY Growth-12.5%
Current Streak5 quarters decline
Operating Lease Liabilities at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's operating lease liabilities?
- Southwest Airlines (LUV) reported operating lease liabilities of $709.00M in Q1 2026.
- How has Southwest Airlines's operating lease liabilities changed year-over-year?
- Southwest Airlines's operating lease liabilities decreased by 26.9% year-over-year, from $970.00M to $709.00M.
- What is the long-term trend for Southwest Airlines's operating lease liabilities?
- Over 5 years (2020 to 2025), Southwest Airlines's operating lease liabilities has grown at a -13.2% compound annual growth rate (CAGR), from $1.56B to $768.00M.
- What does operating lease liabilities mean?
- The amount of lease payments due after one year.