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
Latest: $21.08B
Total Liabilities growth chart for Southwest Airlines (LUV) from 1985 to 2025
Latest: -9.9%
Total Liabilities history table for Southwest Airlines (LUV) from 1985 to 2025
| 2025 | $21.08B | -9.9% | −$2.32B | ||
| 2024 | $23.40B | -9.9% | −$2.57B | ||
| 2023 | $25.97B | +5.2% | +$1.29B | ||
| 2022 | $24.68B | -4.7% | −$1.22B | ||
| 2021 | $25.91B | +0.8% | +$194.00M | ||
| 2020 | $25.71B | +60.1% | +$9.65B | ||
| 2019 | $16.06B | -2.0% | −$327.00M | ||
| 2018 | $16.39B | +11.6% | +$1.71B | ||
| 2017 | $14.68B | -1.1% | −$165.00M | ||
| 2016 | $14.85B | +6.4% | +$891.00M | ||
| 2015 | $13.95B | +5.0% | +$665.00M | ||
| 2014 | $13.29B | +10.7% | +$1.28B | ||
| 2013 | $12.01B | +3.3% | +$388.00M | ||
| 2012 | $11.62B | +3.8% | +$430.00M | ||
| 2011 | $11.19B | +21.3% | +$1.97B | ||
| 2010 | $9.23B | +4.8% | +$423.00M | ||
| 2009 | $8.80B | -5.9% | −$552.00M | ||
| 2008 | $9.36B | -4.8% | −$476.00M | ||
| 2007 | $9.83B | +40.2% | +$2.82B | ||
| 2006 | $7.01B | -7.1% | −$532.00M | ||
| 2005 | $7.54B | +29.8% | +$1.73B | ||
| 2004 | $5.81B | +20.5% | +$987.00M | ||
| 2003 | $4.83B | +6.5% | +$293.87M | ||
| 2002 | $4.53B | -9.0% | −$450.95M | ||
| 2001 | $4.98B | +54.8% | +$1.76B | ||
| 2000 | $3.22B | +14.3% | +$401.93M | ||
| 1999 | $2.82B | +21.5% | +$498.25M | ||
| 1998 | $2.32B | +3.6% | +$80.94M | ||
| 1997 | $2.24B | +7.8% | +$161.97M | ||
| 1996 | $2.08B | +13.5% | +$246.36M | ||
| 1995 | $1.83B | +15.4% | +$244.44M | ||
| 1994 | $1.58B | +4.1% | +$62.37M | ||
| 1993 | $1.52B | +5.8% | +$83.30M | ||
| 1992 | $1.44B | +19.0% | +$230.00M | ||
| 1991 | $1.21B | +39.5% | +$342.50M | ||
| 1990 | $866.20M | +4.6% | +$38.40M | ||
| 1989 | $827.80M | +11.7% | +$86.80M | ||
| 1988 | $741.00M | +40.3% | +$212.70M | ||
| 1987 | $528.30M | -6.7% | −$38.00M | ||
| 1986 | $566.30M | +1.8% | +$9.90M | ||
| 1985 | $556.40M | — | — |
- 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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Total Liabilities at Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's latest reported total liabilities is $22.48B. 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 total equity for solvency context.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
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.
Southwest Airlines Total Liabilities by Year
Southwest Airlines Total Liabilities 2025: $21.08B
Southwest Airlines posted total liabilities of $21.08B in 2025, declined 9.9% below 2024.
Southwest Airlines Total Liabilities 2024: $23.40B
In 2024, Southwest Airlines reported total liabilities of $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
2022's total liabilities for Southwest Airlines came in at $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 by Total Liabilities
Industrials peers of Southwest Airlines (LUV), ranked by their latest total liabilities
| $162.78B | |
| $111.27B | |
| $103.94B | |
| $79.99B | |
| $77.27B | |
| $51.23B | |
| $50.75B | |
| $21.78B |
- $162.78B
- $111.27B
- $103.94B
- $79.99B
- $77.27B
- $51.23B
- $50.75B
- $21.78B
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