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Fuel at other companies

Delta Air Lines logo
Delta Air LinesDAL
$4.11B+67.2%
United Airlines Holdings logo
United Airlines HoldingsUAL
JetBlue Airways logo
JetBlue AirwaysJBLU
Frontier Group Holdings, Inc. logo
Frontier Group Holdings, Inc.ULCC

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$22B+47.4%
Enterprise value$25.1B+49.4%
P/E26.3×-11.8×
P/S0.7×+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:FuelCosts.

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
Total operating revenues8,4327,24415,68213,672
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

Item 1. Financial Statements

FAQ

What is Southwest Airlines's fuel?
Southwest Airlines (LUV) reported fuel of $2.22B in Q2 2026.
How has Southwest Airlines's fuel changed year-over-year?
Southwest Airlines's fuel increased by 67.0% year-over-year, from $1.33B to $2.22B.
What is the long-term trend for Southwest Airlines's fuel?
Over 4 years (2021 to 2025), Southwest Airlines's fuel has grown at a 12.2% compound annual growth rate (CAGR), from $3.31B to $5.24B.

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