Southwest Airlines Co (STU:SWN) Construction In Progress: €427 Mil (As of Mar. 2026)


STU:SWN Southwest Airlines Co STU:SWN
83 GF Score
Price €45.59
GF Value €36.09
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Southwest Airlines Co Construction In Progress?

Southwest Airlines Co STU:SWN +1.04% 83 Construction In Progress is €427 Mil as of Mar. 2026. GuruFocus rates STU:SWN with a GF Score™ of 83/100 and a GF Value™ of €36.09 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Southwest Airlines Co's quarterly construction in progress declined from Sep. 2025 (€343 Mil) to Dec. 2025 (€342 Mil) but then increased from Dec. 2025 (€342 Mil) to Mar. 2026 (€427 Mil).

Southwest Airlines Co's annual construction in progress increased from Dec. 2023 (€216 Mil) to Dec. 2024 (€394 Mil) but then declined from Dec. 2024 (€394 Mil) to Dec. 2025 (€342 Mil).

Southwest Airlines Co Construction In Progress Historical Data

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The historical data trend for Southwest Airlines Co's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Southwest Airlines Co Construction In Progress Chart

Southwest Airlines Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 354.94 216.41 394.42 342.45

Southwest Airlines Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 318.20 191.61 342.50 342.45 427.31
STU:SWN
83GF Score
Southwest Airlines Co STU:SWN
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Southwest Airlines Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €427 Mil mean?
Southwest Airlines Co (STU:SWN) has a Construction In Progress of €427 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Southwest Airlines Co and its competitors.
Is Southwest Airlines Co's Construction In Progress too high?
Southwest Airlines Co's current Construction In Progress is €427 Mil. Overall, Southwest Airlines Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southwest Airlines Co's Construction In Progress compare to AAL and CPA?
Southwest Airlines Co's Construction In Progress of €427 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Transportation company?
A good Construction In Progress depends on the Transportation industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Southwest Airlines Co and its competitors. Southwest Airlines Co's current Construction In Progress is €427 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southwest Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Southwest Airlines Co (STU:SWN) is currently considered Modestly Overvalued. The stock's GF Value™ is €36.09, compared to a current price of €45.59 — trading 26.3% above its estimated fair value. The current Construction In Progress is €427 Mil. Southwest Airlines Co's overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Southwest Airlines Co (STU:SWN), the current Construction In Progress is €427 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Southwest Airlines Co (STU:SWN) Overvalued in 2026?

Based on GuruFocus' analysis, Southwest Airlines Co stock appears to be overvalued. The current stock price of €45.59 is trading 26.3% above its estimated GF Value™ of €36.09. GuruFocus considers Southwest Airlines Co to be Modestly Overvalued.

Key valuation signals for STU:SWN:

  • Construction In Progress: €427 Mil
  • GF Value™: €36.09 vs. price of €45.59 (26.3% above fair value)
  • GF Score™: 83/100 with 6 warning signs

No single metric tells the full story. See the STU:SWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Southwest Airlines Co Business Description

Address P.O. Box 36611, Dallas, TX, USA, 75235-1611
Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates nearly 800 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights operated with a simple cabin configuration in a point-to-point network. In early 2026, Southwest modified its cabins to offer some rows with extra legroom, its ticketing process and merchandising to offer assigned seats, and more fare categories to include a basic economy class that appears for the first time in travel aggregators' search results and more directly competes with other airlines' offerings.
83GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€45.59
Price
€36.09
GF Value