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Southwest Airlines LUV Operating Lease ROU Assets

Operating Lease ROU Assets at other companies

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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:OperatingLeaseRightOfUseAsset.

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 itemJune 30, 2026December 31, 2025
Less allowance for depreciation and amortization15,74515,700
20,64220,245
Goodwill970970
Operating lease right-of-use assets9531,089
Other assets1,0751,112
$30,122$29,061
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:

Item 1. Financial Statements

FAQ

What is Southwest Airlines's operating lease ROU assets?
Southwest Airlines (LUV) reported operating lease ROU assets of $953M in Q2 2026.
How has Southwest Airlines's operating lease ROU assets changed year-over-year?
Southwest Airlines's operating lease ROU assets decreased by 23.3% year-over-year, from $1.24B to $953M.
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 12243.8% compound annual growth rate (CAGR), from $0.04 to $1.09B.
What does operating lease ROU assets mean?
Right-of-use assets representing the lessee's right to use leased property over the lease term under ASC 842 operating lease classification.

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