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Southwest Airlines LUV Other operating expenses

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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:OtherCostAndExpenseOperating.

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
Maintenance materials and repairs294331552623
Landing fees and airport rentals6365671,2081,090
Depreciation and amortization402400800795
Other operating expenses1,1011,1332,1392,223
Total operating expenses8,1477,01915,06713,670
OPERATING INCOME2852256152
NON-OPERATING EXPENSES (INCOME):
Interest expense643911885

Item 1. Financial Statements

FAQ

What is Southwest Airlines's other operating expenses?
Southwest Airlines (LUV) reported other operating expenses of $1.1B in Q2 2026.
How has Southwest Airlines's other operating expenses changed year-over-year?
Southwest Airlines's other operating expenses decreased by 2.8% year-over-year, from $1.13B to $1.1B.
What is the long-term trend for Southwest Airlines's other operating expenses?
Over 3 years (2022 to 2025), Southwest Airlines's other operating expenses has grown at a 6.2% compound annual growth rate (CAGR), from $3.73B to $4.47B.
What does other operating expenses mean?
Residual operating expenses not classified into specific categories, serving as a catch-all for miscellaneous operating costs.

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