Southwest Airlines (LUV) Change in Cash (2009 - 2026)
Southwest Airlines' (LUV) quarterly Change in Cash came in at $463.0 million in Q2 2026, up 109.94% YoY from $220.5 million in Q2 2025, and up 377.32% on a QoQ basis from $97.0 million in Q1 2026.
Southwest Airlines (LUV) Change in Cash (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Change in Cash data on file, last reported at $463.0 million in Q2 2026.
- Quarterly Change in Cash rose 109.94% year-over-year to $463.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $316.0 million (up 106.77% YoY) and the FY2025 annual result came in at -$4.3 billion, down 140.47% from the prior year.
- Change in Cash grew to $463.0 million in Q2 2026, from $97.0 million in the prior quarter.
- In the past five years, Change in Cash ranged from a high of $799.0 million in Q2 2023 to a low of -$4.7 billion in Q2 2025.
- A 5-year average of -$482.7 million and a median of -$56.0 million in 2023 frame the typical range for Change in Cash.
- Annual changes were most pronounced in 2023 — Change in Cash surged 487.5% — and 2025, when it plunged 1970.67%.
- Tracing LUV's Change in Cash over 5 years: stood at -$951.0 million in 2022, then jumped by 78.02% to -$209.0 million in 2023, then sank by 375.6% to -$994.0 million in 2024, then surged by 133.1% to $329.0 million in 2025, then soared by 40.73% to $463.0 million in 2026.
- The last three Change in Cash figures came in at $463.0 million (Q2 2026), $97.0 million (Q1 2026), and $329.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.89 Bn | 49.22 Bn | 19.07 Bn | -462.00 Mn |
| 2 | Ryanair Holdings | 29.45 Bn | 26.24 Bn | - | -293.03 Mn |
| 3 | Southwest Airlines | 19.73 Bn | 15.94 Bn | 7.33 Bn | 463.00 Mn |
| 4 | Copa Holdings | 5.35 Bn | 4.09 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 619.00 Mn |
| 6 | Skywest | 3.99 Bn | 3.38 Bn | 1.01 Bn | 15.57 Mn |
| 7 | Allegiant Travel | 1.86 Bn | 807.93 Mn | 902.77 Mn | 240.22 Mn |
| 8 | Jetblue Airways | 1.83 Bn | -189.37 Mn | 2.32 Bn | -287.00 Mn |
| 9 | Frontier Group Holdings | 1.36 Bn | 408.77 Mn | - | 183.00 Mn |
| 10 | Republic Airways Holdings | 853.83 Mn | 576.23 Mn | 487.40 Mn | 4.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 463.00 Mn |
| Mar 31, 2026 | 97.00 Mn |
| Dec 31, 2025 | 329.00 Mn |
| Sep 30, 2025 | -573.00 Mn |
| Jun 30, 2025 | -4.66 Bn |
| Mar 31, 2025 | 625.00 Mn |
| Dec 31, 2024 | -994.00 Mn |
| Sep 30, 2024 | 361.00 Mn |
| Jun 30, 2024 | -225.00 Mn |
| Mar 31, 2024 | -921.00 Mn |
| Dec 31, 2023 | -209.00 Mn |
| Sep 30, 2023 | 339.00 Mn |
| Jun 30, 2023 | 799.00 Mn |
| Mar 31, 2023 | -1.13 Bn |
| Dec 31, 2022 | -951.00 Mn |
| Sep 30, 2022 | -2.79 Bn |
| Jun 30, 2022 | 136.00 Mn |
| Mar 31, 2022 | 618.00 Mn |
| Dec 31, 2021 | -500.00 Mn |
| Sep 30, 2021 | -1.14 Bn |