Discontinued — last reported Q4 '25
Lease Liability
Southwest Airlines Lease Liability decreased by 20.1% to $1.16B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 20.1%, from $1.45B to $1.16B. Over 5 years (FY 2020 to FY 2025), Lease Liability shows a downward trend with a -13.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests higher financial leverage and long-term fixed cost commitments, while a decrease indicates reduced debt-like obligations.
Detailed definition
This represents the total present value of future lease payments for both operating and finance leases recognized on the...
Peer comparison
Standardized across airlines under ASC 842/IFRS 16; peers typically report this as total lease liabilities.
other_lease_liability_25c4f2Historical Data
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $2.01B | $1.53B | $1.30B | $1.45B | $1.16B |
| QoQ Change | — | -23.9% | -15.3% | +11.8% | -20.1% |
| YoY Change | — | -23.9% | -15.3% | +11.8% | -20.1% |
Lease Liability at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's lease liability?
- Southwest Airlines (LUV) reported lease liability of $1.16B in Q4 2025.
- How has Southwest Airlines's lease liability changed year-over-year?
- Southwest Airlines's lease liability decreased by 20.1% year-over-year, from $1.45B to $1.16B.
- What is the long-term trend for Southwest Airlines's lease liability?
- Over 5 years (2020 to 2025), Southwest Airlines's lease liability has grown at a -13.6% compound annual growth rate (CAGR), from $2.41B to $1.16B.
- What does lease liability mean?
- The total value of all future lease payments the company is contractually obligated to pay.