Southwest Airlines Co. (LUV) Total Assets by Year
Southwest Airlines Co. closed fiscal year 2025 with $29.1B in total assets, $21.1B in total liabilities and $8.0B in shareholder equity. This represents a decrease of 13.9% from the prior fiscal year. The table below carries 15 fiscal years, from 2011 to 2025, and the quarters Southwest Airlines Co. has filed alongside them.
Annual figures, oldest first. Point at a bar to read its period.
LUV Balance Sheet by Fiscal Year
Figures are as reported in USD. Each change compares the year with the year before it, and each column links to the filing it was taken from.
| Metric | FY2510-K | FY2410-K | FY2310-K | FY2210-K | FY2110-K | FY2010-K | FY1910-K | FY1810-K | FY1710-K | FY1610-K | FY1510-K | FY1410-K | FY1310-K | FY1210-K | FY1110-K |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $29.1B-13.9% | $33.8B-7.5% | $36.5B+3.2% | $35.4B-2.6% | $36.3B+5.0% | $34.6B+33.6% | $25.9B-1.3% | $26.2B+4.5% | $25.1B+7.8% | $23.3B+9.3% | $21.3B+8.1% | $19.7B+2.0% | $19.3B+4.0% | $18.6B+2.9% | $18.1B |
| Total Liabilities | $21.1B-9.9% | $23.4B-9.9% | $26.0B+5.2% | $24.7B-4.7% | $25.9B+0.8% | $25.7B+60.1% | $16.1B-2.0% | $16.4B+6.0% | $15.5B-0.2% | $15.5B+6.5% | $14.6B+12.4% | $12.9B+7.8% | $12.0B+3.5% | $11.6B+3.7% | $11.2B |
| Total Equity | $8.0B-22.9% | $10.3B-1.6% | $10.5B-1.6% | $10.7B+2.6% | $10.4B+17.3% | $8.9B-9.7% | $9.8B-0.2% | $9.9B+2.2% | $9.6B+23.9% | $7.8B+15.1% | $6.8B-0.2% | $6.8B-7.6% | $7.3B+4.9% | $7.0B+1.7% | $6.9B |
LUV Balance Sheet by Quarter
Figures are as reported in USD. Each change compares the quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K | Q3'2310-Q |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $30.1B+4.9% | $29.4B-11.6% | $29.1B-13.9% | $28.3B-18.8% | $28.7B-19.3% | $33.2B-7.8% | $33.8B-7.5% | $34.8B-5.8% | $35.6B-2.6% | $36.0B+1.3% | $36.5B+3.2% | $37.0B+2.9% |
| Total Liabilities | $23.0B+11.2% | $22.5B-5.7% | $21.1B-9.9% | $20.5B-16.0% | $20.7B-17.5% | $23.8B-7.6% | $23.4B-9.9% | $24.4B-5.7% | $25.1B-2.5% | $25.8B+2.3% | $26.0B+5.2% | $25.9B+3.6% |
| Total Equity | $7.1B-11.5% | $6.9B-26.6% | $8.0B-22.9% | $7.8B-25.3% | $8.0B-23.6% | $9.4B-8.2% | $10.3B-1.6% | $10.4B-5.8% | $10.5B-3.0% | $10.2B-1.0% | $10.5B-1.6% | $11.1B+1.2% |
What total assets means
Total assets is everything the company owns on the balance sheet date, total liabilities is everything it owes, and the difference between them is the equity that belongs to shareholders.
More Southwest Airlines Co. financials
Frequently Asked Questions
What was Southwest Airlines Co.'s total assets in fiscal year 2025?
Southwest Airlines Co. closed fiscal year 2025 with $29.1B in total assets, $21.1B in total liabilities and $8.0B in shareholder equity.
How fast is Southwest Airlines Co.'s total assets growing?
Southwest Airlines Co. (LUV) total assets fell by 13.9% year over year, from $33.8B to $29.1B in fiscal year 2025.
How has Southwest Airlines Co.'s total assets changed over the years?
Across the 15 fiscal years this page covers, Southwest Airlines Co. (LUV) total assets went from $18.1B in fiscal year 2011 to $29.1B in fiscal year 2025.
What was Southwest Airlines Co.'s total assets in the most recent quarter?
Southwest Airlines Co. (LUV) reported $30.1B in total assets in Q2 2026. This represents an increase of 4.9% from the same quarter a year earlier.
What does total assets mean on a financial statement?
Total assets is everything the company owns on the balance sheet date, total liabilities is everything it owes, and the difference between them is the equity that belongs to shareholders. This page lists what Southwest Airlines Co. (LUV) reported on that line in every period on record.