Southwest Airlines (LUV) Cash from Operations (2009 - 2026)
Southwest Airlines posted quarterly Cash from Operations of 1418000000.0 for Q1 2026, up 64.88% year-on-year from 860000000.0 in Q1 2025, and up 380.68% on a QoQ basis from 295000000.0 in Q4 2025.
Southwest Airlines (LUV) has 18 years of Cash from Operations data on file, last reported at 1418000000.0 in Q1 2026.
- For the quarter ending Q1 2026, Cash from Operations rose 64.88% year-over-year to 1418000000.0; the trailing twelve-month figure through Mar 2026 stood at 2401000000.0 (up 68.37% YoY), and the FY2025 full-year result was 1842000000.0, up 298.7% from the prior year.
- Cash from Operations for Q1 2026 stood at 1418000000.0, up from 295000000.0 in the prior quarter.
- Across five years, Cash from Operations topped out at 1906000000.0 in Q2 2022 and bottomed at 104000000.0 in Q1 2024.
- The 5-year median for Cash from Operations is 476000000.0 (2024), against an average of 628000000.0.
- The widest annual swing landed in 2024, when Cash from Operations slumped 114.73%; it then surged 1843.48% in 2025.
- A 5-year view of Cash from Operations shows it stood at 579000000.0 in 2022, then dropped by 26.6% to 425000000.0 in 2023, then advanced by 12.0% to 476000000.0 in 2024, then slumped by 38.03% to 295000000.0 in 2025, then jumped by 380.68% to 1418000000.0 in 2026.
- The last three Cash from Operations figures came in at 1418000000.0 (Q1 2026), 295000000.0 (Q4 2025), and 287000000.0 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 2.43 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 1.42 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 201.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 251.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 421.00 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 144.48 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 487.08 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 120.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 268.06 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 40.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.42 Bn |
| Mar 31, 2026 | 1.42 Bn |
| Dec 31, 2025 | 295.00 Mn |
| Dec 31, 2025 | 295.00 Mn |
| Sep 30, 2025 | 287.00 Mn |
| Sep 30, 2025 | 287.00 Mn |
| Jun 30, 2025 | 401.00 Mn |
| Jun 30, 2025 | 401.00 Mn |
| Mar 31, 2025 | 860.00 Mn |
| Mar 31, 2025 | 860.00 Mn |
| Dec 31, 2024 | 476.00 Mn |
| Dec 31, 2024 | 476.00 Mn |
| Sep 30, 2024 | 113.00 Mn |
| Sep 30, 2024 | 113.00 Mn |
| Jun 30, 2024 | -23.00 Mn |
| Jun 30, 2024 | -23.00 Mn |
| Mar 31, 2024 | -104.00 Mn |
| Mar 31, 2024 | -104.00 Mn |
| Dec 31, 2023 | 425.00 Mn |
| Dec 31, 2023 | 425.00 Mn |
| Sep 30, 2023 | 616.00 Mn |
| Sep 30, 2023 | 616.00 Mn |
| Jun 30, 2023 | 1.42 Bn |
| Jun 30, 2023 | 1.42 Bn |
| Mar 31, 2023 | 706.00 Mn |
| Mar 31, 2023 | 706.00 Mn |
| Dec 31, 2022 | 579.00 Mn |
| Dec 31, 2022 | 579.00 Mn |
| Sep 30, 2022 | 234.00 Mn |
| Sep 30, 2022 | 234.00 Mn |
| Jun 30, 2022 | 1.91 Bn |
| Jun 30, 2022 | 1.91 Bn |
| Mar 31, 2022 | 1.07 Bn |
| Mar 31, 2022 | 1.07 Bn |
| Dec 31, 2021 | 247.00 Mn |
| Dec 31, 2021 | 247.00 Mn |
| Sep 30, 2021 | -575.00 Mn |
| Sep 30, 2021 | -575.00 Mn |
| Jun 30, 2021 | 2.01 Bn |
| Jun 30, 2021 | 2.01 Bn |
| Mar 31, 2021 | 645.00 Mn |
| Mar 31, 2021 | 645.00 Mn |
| Dec 31, 2020 | -596.00 Mn |
| Dec 31, 2020 | -596.00 Mn |
| Sep 30, 2020 | -1.05 Bn |
| Sep 30, 2020 | -1.05 Bn |
| Jun 30, 2020 | 897.00 Mn |
| Jun 30, 2020 | 897.00 Mn |
| Mar 31, 2020 | -377.00 Mn |
| Mar 31, 2020 | -377.00 Mn |
| Dec 31, 2019 | 824.00 Mn |
| Dec 31, 2019 | 824.00 Mn |
| Sep 30, 2019 | 1.09 Bn |
| Sep 30, 2019 | 1.09 Bn |
| Jun 30, 2019 | 966.00 Mn |
| Jun 30, 2019 | 966.00 Mn |
| Mar 31, 2019 | 1.11 Bn |
| Mar 31, 2019 | 1.11 Bn |
| Dec 31, 2018 | 989.00 Mn |
| Dec 31, 2018 | 989.00 Mn |
| Sep 30, 2018 | 1.27 Bn |
| Sep 30, 2018 | 1.27 Bn |
| Jun 30, 2018 | 1.63 Bn |
| Jun 30, 2018 | 1.63 Bn |
| Mar 31, 2018 | 1.00 Bn |
| Mar 31, 2018 | 1.00 Bn |
| Dec 31, 2017 | 563.00 Mn |
| Dec 31, 2017 | 563.00 Mn |
| Sep 30, 2017 | 996.00 Mn |
| Sep 30, 2017 | 996.00 Mn |
| Jun 30, 2017 | 746.00 Mn |
| Jun 30, 2017 | 746.00 Mn |
| Mar 31, 2017 | 1.63 Bn |
| Mar 31, 2017 | 1.63 Bn |
| Dec 31, 2016 | 709.00 Mn |
| Dec 31, 2016 | 709.00 Mn |
| Sep 30, 2016 | 856.00 Mn |
| Sep 30, 2016 | 856.00 Mn |
| Jun 30, 2016 | 1.11 Bn |
| Jun 30, 2016 | 1.11 Bn |
| Mar 31, 2016 | 1.62 Bn |
| Mar 31, 2016 | 1.62 Bn |
| Dec 31, 2015 | 324.00 Mn |
| Dec 31, 2015 | 324.00 Mn |
| Sep 30, 2015 | 836.00 Mn |
| Sep 30, 2015 | 836.00 Mn |
| Jun 30, 2015 | 627.00 Mn |
| Jun 30, 2015 | 627.00 Mn |
| Mar 31, 2015 | 1.45 Bn |
| Mar 31, 2015 | 1.45 Bn |
| Dec 31, 2014 | 204.00 Mn |
| Dec 31, 2014 | 204.00 Mn |
| Sep 30, 2014 | 240.00 Mn |
| Sep 30, 2014 | 240.00 Mn |
| Jun 30, 2014 | 1.34 Bn |
| Jun 30, 2014 | 1.34 Bn |
| Mar 31, 2014 | 1.12 Bn |
| Mar 31, 2014 | 1.12 Bn |
| Dec 31, 2013 | 289.00 Mn |
| Dec 31, 2013 | 289.00 Mn |
| Sep 30, 2013 | 428.00 Mn |
| Sep 30, 2013 | 428.00 Mn |
| Jun 30, 2013 | 778.00 Mn |
| Jun 30, 2013 | 778.00 Mn |
| Mar 31, 2013 | 983.00 Mn |
| Mar 31, 2013 | 983.00 Mn |
| Dec 31, 2012 | 231.00 Mn |
| Dec 31, 2012 | 231.00 Mn |
| Sep 30, 2012 | 464.00 Mn |
| Sep 30, 2012 | 464.00 Mn |
| Jun 30, 2012 | 145.00 Mn |
| Jun 30, 2012 | 145.00 Mn |
| Mar 31, 2012 | 1.23 Bn |
| Mar 31, 2012 | 1.23 Bn |
| Dec 31, 2011 | 371.00 Mn |
| Dec 31, 2011 | 371.00 Mn |
| Sep 30, 2011 | -218.00 Mn |
| Sep 30, 2011 | -218.00 Mn |
| Jun 30, 2011 | 237.00 Mn |
| Jun 30, 2011 | 237.00 Mn |
| Mar 31, 2011 | 965.00 Mn |
| Mar 31, 2011 | 965.00 Mn |
| Dec 31, 2010 | 269.00 Mn |
| Dec 31, 2010 | 269.00 Mn |
| Sep 30, 2010 | 385.00 Mn |
| Sep 30, 2010 | 385.00 Mn |
| Jun 30, 2010 | 540.00 |
| Jun 30, 2010 | 540.00 |
| Mar 31, 2010 | 373.00 Mn |
| Mar 31, 2010 | 373.00 Mn |
| Dec 31, 2009 | 492.00 Mn |
| Dec 31, 2009 | 492.00 Mn |
| Sep 30, 2009 | 72.00 Mn |
| Sep 30, 2009 | 72.00 Mn |
| Jun 30, 2009 | 135.00 Mn |
| Jun 30, 2009 | 135.00 Mn |
| Mar 31, 2009 | 286.00 Mn |
| Mar 31, 2009 | 286.00 Mn |