Total Assets for Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's latest reported total assets is $29.36B USD. Total assets sum everything the company reports owning at the end of each reporting period — cash, receivables, inventory, property, plant, equipment, intangibles, and other holdings — as filed on the balance sheet. Compare with total liabilities and net assets for the capital-structure picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal AssetsSwitch metric
Latest period
$29.36B
YoY change
-13.9%
5Y CAGR
-3.4%
Peak year (2023)
$36.49B
Latest annual
$29.06B
Total Assets history chart for Southwest Airlines (LUV) from 1985 to 2025
Total Assets history table for Southwest Airlines (LUV) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Assets | YoY |
|---|---|---|---|---|
| 2025 | $29.06B | -13.9% | ||
| 2024 | $33.75B | -7.5% | ||
| 2023 | $36.49B | +3.2% | ||
| 2022 | $35.37B | -2.6% | ||
| 2021 | $36.32B | +5.0% | ||
| 2020 | $34.59B | +33.6% | ||
| 2019 | $25.89B | -1.3% | ||
| 2018 | $26.24B | +4.5% | ||
| 2017 | $25.11B | +7.8% | ||
| 2016 | $23.29B | +9.3% | ||
| 2015 | $21.31B | +8.1% | ||
| 2014 | $19.72B | +2.0% | ||
| 2013 | $19.34B | +4.0% | ||
| 2012 | $18.60B | +2.9% | ||
| 2011 | $18.07B | +16.8% | ||
| 2010 | $15.46B | +8.4% | ||
| 2009 | $14.27B | +1.4% | ||
| 2008 | $14.07B | -16.1% | ||
| 2007 | $16.77B | +24.6% | ||
| 2006 | $13.46B | -3.9% | ||
| 2005 | $14.00B | +23.5% | ||
| 2004 | $11.34B | +17.0% | ||
| 2003 | $9.69B | +8.3% | ||
| 2002 | $8.95B | -0.5% | ||
| 2001 | $9.00B | +34.9% | ||
| 2000 | $6.67B | +18.0% | ||
| 1999 | $5.65B | +19.9% | ||
| 1998 | $4.72B | +11.1% | ||
| 1997 | $4.25B | +14.0% | ||
| 1996 | $3.72B | +14.4% | ||
| 1995 | $3.26B | +15.3% | ||
| 1994 | $2.82B | +9.6% | ||
| 1993 | $2.58B | +12.3% | ||
| 1992 | $2.29B | +24.8% | ||
| 1991 | $1.84B | +24.9% | ||
| 1990 | $1.47B | +4.0% | ||
| 1989 | $1.42B | +8.2% | ||
| 1988 | $1.31B | +25.5% | ||
| 1987 | $1.04B | -3.3% | ||
| 1986 | $1.08B | +5.5% | ||
| 1985 | $1.02B | — |
Total Assets values are taken from Southwest Airlines's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Southwest Airlines (LUV) reported total assets of $29.06B – declined 13.9% year-over-year.
Southwest Airlines total assets compound annual growth for the 2020–2025 (5 years) window is -3.4%, with a net decline across the window.
Between 2023 and 2025, Southwest Airlines total assets declined 20.4%, falling from $36.49B to $29.06B.
The dataset's maximum total assets sits at $36.49B (2023); the minimum reading of $1.02B dates to 1985.
Within Industrials, Southwest Airlines (LUV) ranks 9th among 8 peers we track. The peer median for total assets is $102.29B.
Southwest Airlines Total Assets by Year
Southwest Airlines Total Assets 2025: $29.06B
Southwest Airlines total assets in 2025 was $29.06B, declined 13.9% below 2024.
Southwest Airlines Total Assets 2024: $33.75B
Southwest Airlines total assets in 2024 was $33.75B, declined 7.5% below 2023.
Southwest Airlines Total Assets 2023: $36.49B
Southwest Airlines total assets in 2023 was $36.49B, edged up 3.2% from 2022. This figure represents the highest annual value in the available history.
Southwest Airlines Total Assets 2022: $35.37B
Southwest Airlines total assets in 2022 was $35.37B, edged down 2.6% below 2021.
Southwest Airlines Total Assets 2021: $36.32B
Southwest Airlines total assets in 2021 was $36.32B.
See more financial history for Southwest Airlines (LUV).
Sector peers — Total Assets
Companies in the same sector as Southwest Airlines, ranked by their latest total assets.
| Company | Total Assets | Sector |
|---|---|---|
| RTX Corporation (RTX) | $171.08B | Industrials |
| The Boeing Company (BA) | $168.24B | Industrials |
| GE Aerospace (GE) | $130.17B | Industrials |
| Deere & Company (DE) | $106.00B | Industrials |
| Caterpillar Inc. (CAT) | $98.58B | Industrials |
| Honeywell International Inc. (HON) | $74.11B | Industrials |
| Union Pacific Corporation (UNP) | $69.70B | Industrials |
| Eaton Corporation plc (ETN) | $41.25B | Industrials |
Frequently asked questions
What is Southwest Airlines's total assets?
- Latest reported total assets for Southwest Airlines (LUV) is $29.36B (period ending March 31, 2026).
How has Southwest Airlines total assets changed year-over-year?
- Southwest Airlines (LUV) total assets changed -13.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Southwest Airlines total assets?
- Southwest Airlines (LUV) total assets compound annual growth rate is -3.4% over the most recent 5 years available.
When did Southwest Airlines total assets hit its highest annual value?
- Southwest Airlines total assets reached its highest annual value of $36.49B in 2023.
What was Southwest Airlines total assets in 2024?
- Southwest Airlines (LUV) total assets in 2024 was $33.75B.
What was Southwest Airlines total assets in 2025?
- Southwest Airlines (LUV) total assets in 2025 was $29.06B.
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