Non-Current Liabilities
Operating Lease Liabilities (Total)
Southwest Airlines Operating Lease Liabilities (Total) decreased by 20.5% to $1.08B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 20.5%, from $1.36B to $1.08B. Over 4 years (FY 2021 to FY 2025), Operating Lease Liabilities (Total) shows a downward trend with a -8.7% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityModerate
First reportedQ4 2021
Last reportedQ4 2025Feb 5, 2026
How to read this metric
An increase indicates expansion of the leased asset base, while a decrease suggests a reduction in lease commitments or the expiration of lease terms.
Detailed definition
This represents the total present value of future lease payments for operating leases, recognized as a liability on the...
Peer comparison
Standardized under modern accounting rules, allowing for direct comparison of lease-based financing across companies in the same sector.
Metric ID:
operating_lease_liabilities_totalHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $1.55B | $1.34B | $1.19B | $1.36B | $1.08B |
| QoQ Change | — | -13.6% | -11.2% | +13.9% | -20.5% |
| YoY Change | — | -13.6% | -11.2% | +13.9% | -20.5% |
Range$1.08B – $1.55B
CAGR-30.5%
Avg YoY Growth-7.8%
Median YoY Growth-12.4%
Operating Lease Liabilities (Total) at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's operating lease liabilities (total)?
- Southwest Airlines (LUV) reported operating lease liabilities (total) of $1.08B in Q4 2025.
- How has Southwest Airlines's operating lease liabilities (total) changed year-over-year?
- Southwest Airlines's operating lease liabilities (total) decreased by 20.5% year-over-year, from $1.36B to $1.08B.
- What is the long-term trend for Southwest Airlines's operating lease liabilities (total)?
- Over 4 years (2021 to 2025), Southwest Airlines's operating lease liabilities (total) has grown at a -8.7% compound annual growth rate (CAGR), from $1.55B to $1.08B.
- What does operating lease liabilities (total) mean?
- The total value of future payments the company is obligated to make for leased assets.