Southwest (LUV) capital expenditure was $2.7B in FY2025 (+29% YoY). The tables below show the complete quarterly and annual capital expenditure history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Capital Expenditure
Fiscal Year
Capital Expenditure
YoY
2025
$2.7B
+29%
2024
$2.1B
-41%
2023
$3.6B
-10%
2022
$3.9B
+672%
2021
$511M
-1%
2020
$515M
-50%
2019
$1.0B
-48%
2018
$2.0B
-12%
2017
$2.2B
+5%
2016
$2.1B
+0%
2015
$2.1B
+17%
2014
$1.8B
+26%
2013
$1.4B
+7%
2012
$1.3B
+39%
2011
$968M
+96%
2010
$493M
-16%
2009
$585M
-56%
2007
$1.3B
Recent Quarterly Capital Expenditure
Quarter
Capital Expenditure
Q2 2026
$818M
Q1 2026
$630M
Q4 2025
$859M
Q3 2025
$678M
Q2 2025
$660M
Q1 2025
$527M
Q4 2024
$460M
Q3 2024
$527M
Q2 2024
$500M
Q1 2024
$592M
Q4 2023
$718M
Q3 2023
$850M
Source: LUV on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.