Total Liabilities for Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's latest reported total liabilities is $22.48B USD. Total liabilities sum everything the company owes at the end of each reporting period — accounts payable, accrued expenses, debt, lease obligations, and other claims — as filed on the balance sheet. Compare with total assets and net assets for solvency context.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal LiabilitiesSwitch metric
Latest period
$22.48B
YoY change
-9.9%
5Y CAGR
-3.9%
Peak year (2023)
$25.97B
Latest annual
$21.08B
Total Liabilities history chart for Southwest Airlines (LUV) from 1985 to 2025
Total Liabilities history table for Southwest Airlines (LUV) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Liabilities | YoY |
|---|---|---|---|---|
| 2025 | $21.08B | -9.9% | ||
| 2024 | $23.40B | -9.9% | ||
| 2023 | $25.97B | +5.2% | ||
| 2022 | $24.68B | -4.7% | ||
| 2021 | $25.91B | +0.8% | ||
| 2020 | $25.71B | +60.1% | ||
| 2019 | $16.06B | -2.0% | ||
| 2018 | $16.39B | +11.6% | ||
| 2017 | $14.68B | -1.1% | ||
| 2016 | $14.85B | +6.4% | ||
| 2015 | $13.95B | +5.0% | ||
| 2014 | $13.29B | +10.7% | ||
| 2013 | $12.01B | +3.3% | ||
| 2012 | $11.62B | +3.8% | ||
| 2011 | $11.19B | +21.3% | ||
| 2010 | $9.23B | +4.8% | ||
| 2009 | $8.80B | -5.9% | ||
| 2008 | $9.36B | -4.8% | ||
| 2007 | $9.83B | +40.2% | ||
| 2006 | $7.01B | -7.1% | ||
| 2005 | $7.54B | +29.8% | ||
| 2004 | $5.81B | +20.5% | ||
| 2003 | $4.83B | +6.5% | ||
| 2002 | $4.53B | -9.0% | ||
| 2001 | $4.98B | +54.8% | ||
| 2000 | $3.22B | +14.3% | ||
| 1999 | $2.82B | +21.5% | ||
| 1998 | $2.32B | +3.6% | ||
| 1997 | $2.24B | +7.8% | ||
| 1996 | $2.08B | +13.5% | ||
| 1995 | $1.83B | +15.4% | ||
| 1994 | $1.58B | +4.1% | ||
| 1993 | $1.52B | +5.8% | ||
| 1992 | $1.44B | +19.0% | ||
| 1991 | $1.21B | +39.5% | ||
| 1990 | $866.20M | +4.6% | ||
| 1989 | $827.80M | +11.7% | ||
| 1988 | $741.00M | +40.3% | ||
| 1987 | $528.30M | -6.7% | ||
| 1986 | $566.30M | +1.8% | ||
| 1985 | $556.40M | — |
Total Liabilities 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
Southwest Airlines (LUV) most recent annual total liabilities stands at $21.08B (2025) – declined 9.9% year-over-year.
Across 2020–2025 (5 years), Southwest Airlines total liabilities produced a CAGR of -3.9% – with a net decline across the window.
$25.97B stands as the all-time-high annual total liabilities, posted in 2023, against a low of $528.30M during 1987.
Among 8 Industrials peers, Southwest Airlines (LUV) ranks 9th; the peer median for total liabilities is $78.63B.
Southwest Airlines Total Liabilities by Year
Southwest Airlines Total Liabilities 2025: $21.08B
Southwest Airlines total liabilities in 2025 was $21.08B, declined 9.9% below 2024.
Southwest Airlines Total Liabilities 2024: $23.40B
Southwest Airlines total liabilities in 2024 was $23.40B, declined 9.9% below 2023.
Southwest Airlines Total Liabilities 2023: $25.97B
Southwest Airlines total liabilities in 2023 was $25.97B, grew 5.2% from 2022. This figure represents the highest annual value in the available history.
Southwest Airlines Total Liabilities 2022: $24.68B
Southwest Airlines total liabilities in 2022 was $24.68B, edged down 4.7% below 2021.
Southwest Airlines Total Liabilities 2021: $25.91B
Southwest Airlines total liabilities in 2021 was $25.91B.
See more financial history for Southwest Airlines (LUV).
Sector peers — Total Liabilities
Companies in the same sector as Southwest Airlines, ranked by their latest total liabilities.
| Company | Total Liabilities | Sector |
|---|---|---|
| The Boeing Company (BA) | $162.78B | Industrials |
| GE Aerospace (GE) | $111.27B | Industrials |
| RTX Corporation (RTX) | $103.94B | Industrials |
| Deere & Company (DE) | $79.99B | Industrials |
| Caterpillar Inc. (CAT) | $77.27B | Industrials |
| Honeywell International Inc. (HON) | $58.67B | Industrials |
| Union Pacific Corporation (UNP) | $51.23B | Industrials |
| Eaton Corporation plc (ETN) | $21.78B | Industrials |
Frequently asked questions
What is Southwest Airlines's total liabilities?
- Latest reported total liabilities for Southwest Airlines (LUV) is $22.48B (period ending March 31, 2026).
How has Southwest Airlines total liabilities changed year-over-year?
- Southwest Airlines (LUV) total liabilities changed -9.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Southwest Airlines total liabilities?
- Southwest Airlines (LUV) total liabilities compound annual growth rate is -3.9% over the most recent 5 years available.
When did Southwest Airlines total liabilities hit its highest annual value?
- Southwest Airlines total liabilities reached its highest annual value of $25.97B in 2023.
What was Southwest Airlines total liabilities in 2024?
- Southwest Airlines (LUV) total liabilities in 2024 was $23.40B.
What was Southwest Airlines total liabilities in 2025?
- Southwest Airlines (LUV) total liabilities in 2025 was $21.08B.
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