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Southwest Airlines (LUV) capital expenditures by quarter

Southwest Airlines' capital expenditures were $1.0B in Q3 2026 (third quarter 2026), +23% from Q2 2026. Over the last 7 quarters it ranged from $527M (Q1 2025) to $1.0B (Q3 2026).

Southwest Airlines capital expenditures by quarterSouthwest Airlines capital expenditures by quarter$527MQ1 2025$660MQ2 2025$678MQ3 2025$859MQ4 2025$630MQ1 2026$818MQ2 2026$1.0BQ3 2026
QuarterCapital expendituresQ/QY/Y
Q3 2026$1.0B+23%+48%
Q2 2026$818M+30%+24%
Q1 2026$630M-27%+20%
Q4 2025$859M+27%—
Q3 2025$678M+3%—
Q2 2025$660M+25%—
Q1 2025$527M——

Q3 2026 at a glance

Southwest Airlines, Q3 2026: revenue $8.4B (+21% year over year), operating margin 4.5%, net earnings $270M, operating cash flow $513M. The chart follows the revenue to costs, profit and cash.

Questions

What is Southwest Airlines' capital expenditures?

Southwest Airlines' capital expenditures were $1.0B in Q3 2026 (third quarter 2026), +23% from Q2 2026.

How has Southwest Airlines' capital expenditures changed?

Over the last 7 quarters it ranged from $527M (Q1 2025) to $1.0B (Q3 2026).

Q3 2026 results → · How Southwest Airlines makes money →