Southwest Airlines (LUV) Cash from Operations (2009 - 2026)
Southwest Airlines' (LUV) quarterly Cash from Operations came in at 530000000.0 in Q2 2026, up 32.17% YoY from 401000000.0 in Q2 2025, and down 62.62% on a QoQ basis from 1418000000.0 in Q1 2026.
Southwest Airlines (LUV) Cash from Operations (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Cash from Operations data on file, last reported at 530000000.0 in Q2 2026.
- Quarterly Cash from Operations rose 32.17% year-over-year to 530000000.0 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 2530000000.0 (up 36.76% YoY) and the FY2025 annual result came in at 1842000000.0, up 298.7% from the prior year.
- Cash from Operations retreated to 530000000.0 in Q2 2026, from 1418000000.0 in the prior quarter.
- In the past five years, Cash from Operations ranged from a high of 1906000000.0 in Q2 2022 to a low of 104000000.0 in Q1 2024.
- A 5-year average of 622555555.56 and a median of 503000000.0 in 2024 frame the typical range for Cash from Operations.
- Annual changes were most pronounced in 2024 — Cash from Operations plunged 114.73% — and 2025, when it surged 1843.48%.
- Tracing LUV's Cash from Operations over 5 years: stood at 579000000.0 in 2022, then slipped by 26.6% to 425000000.0 in 2023, then gained by 12.0% to 476000000.0 in 2024, then tumbled by 38.03% to 295000000.0 in 2025, then jumped by 79.66% to 530000000.0 in 2026.
- The last three Cash from Operations figures came in at 530000000.0 (Q2 2026), 1418000000.0 (Q1 2026), and 295000000.0 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.80 Bn | 49.13 Bn | 19.07 Bn | 1.60 Bn |
| 2 | Ryanair Holdings | 29.33 Bn | 26.12 Bn | - | - |
| 3 | Southwest Airlines | 19.70 Bn | 15.90 Bn | 7.33 Bn | 530.00 Mn |
| 4 | Copa Holdings | 5.34 Bn | 4.08 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.48 Bn | 1.82 Bn | 3.76 Bn | 185.00 Mn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 291.86 Mn |
| 7 | Allegiant Travel | 1.86 Bn | 805.31 Mn | 902.77 Mn | 46.08 Mn |
| 8 | Jetblue Airways | 1.82 Bn | -202.52 Mn | 2.32 Bn | -155.00 Mn |
| 9 | Frontier Group Holdings | 1.36 Bn | 404.17 Mn | - | 151.00 Mn |
| 10 | Republic Airways Holdings | 852.00 Mn | 574.40 Mn | 487.40 Mn | 49.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 530.00 Mn |
| Jun 30, 2026 | 530.00 Mn |
| 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 |