Southwest Airlines (LUV) Cash & Equivalents (2009 - 2026)
Southwest Airlines' Cash & Equivalents was $3.79 billion in Q2 2026, up 9.1% from $3.48 billion a year earlier and up 13.9% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Cash & Equivalents (2009 - 2026) Analysis & Trends
At the end of FY2025, Cash & Equivalents at Southwest Airlines came in at $3.23 billion, down 57.0% from FY2024.
- Cash & Equivalents has now declined for four consecutive years, with a five-year compound annual growth rate of -21.8% (FY2020 to FY2025).
- In earlier years, Cash & Equivalents was $7.51 billion in FY2024 (-19.2%), $9.29 billion in FY2023 (-2.1%), $9.49 billion in FY2022 (-23.9%) and $12.48 billion in FY2021 (+12.8%).
- The Q2 2026 figure marks the highest quarterly Cash & Equivalents since Q1 2025.
- Compared with a year earlier, Cash & Equivalents was higher in 1 of the last eight quarters, with an average decline of 32.8%.
- The best year-over-year quarter for Cash & Equivalents over five years was Q4 2021 (growth of 12.8%); the worst was Q3 2025 (a decline of 65.9%).
- Per Business Quant data, LUV's Cash & Equivalents in the three quarters before Q2 2026 was $3.33 billion (Q1 2026), $3.23 billion (Q4 2025) and $2.9 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.43 Bn | 171.95 Bn | - | 1.61 Bn |
| 2 | Csx | 95.92 Bn | 91.14 Bn | - | 1.22 Bn |
| 3 | United Parcel Service | 85.95 Bn | 62.85 Bn | - | 4.65 Bn |
| 4 | Canadian Pacific Kansas City | 80.52 Bn | 79.54 Bn | - | 257.58 Mn |
| 5 | Norfolk Southern | 75.79 Bn | 70.43 Bn | - | 1.07 Bn |
| 6 | Fedex | 71.86 Bn | 37.80 Bn | - | 13.31 Bn |
| 7 | Delta Air Lines | 51.80 Bn | 33.98 Bn | - | 3.79 Bn |
| 8 | Old Dominion Freight Line | 39.47 Bn | 38.73 Bn | - | 283.94 Mn |
| 9 | United Airlines Holdings | 33.07 Bn | -24.62 Bn | - | 6.65 Bn |
| 10 | Southwest Airlines | 20.38 Bn | 7.01 Bn | - | 3.79 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.79 Bn |
| Mar 31, 2026 | 3.33 Bn |
| Dec 31, 2025 | 3.23 Bn |
| Sep 30, 2025 | 2.90 Bn |
| Jun 30, 2025 | 3.48 Bn |
| Mar 31, 2025 | 8.13 Bn |
| Dec 31, 2024 | 7.51 Bn |
| Sep 30, 2024 | 8.50 Bn |
| Jun 30, 2024 | 8.14 Bn |
| Mar 31, 2024 | 8.37 Bn |
| Dec 31, 2023 | 9.29 Bn |
| Sep 30, 2023 | 9.50 Bn |
| Jun 30, 2023 | 9.16 Bn |
| Mar 31, 2023 | 8.36 Bn |
| Dec 31, 2022 | 9.49 Bn |
| Sep 30, 2022 | 10.44 Bn |
| Jun 30, 2022 | 13.23 Bn |
| Mar 31, 2022 | 13.10 Bn |
| Dec 31, 2021 | 12.48 Bn |
| Sep 30, 2021 | 12.98 Bn |
API Access
Southwest Airlines Cash & Equivalents API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();