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% on a YoY basis from $220.5 million in Q2 2025, and up 377.32% quarter-over-quarter from $97.0 million in Q1 2026.
Powered by 
Analysis
Southwest Airlines (LUV) Change in Cash (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Change in Cash for 18 consecutive years, with $463.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Change in Cash rose 109.94% year-over-year to $463.0 million; the trailing twelve-month figure through Jun 2026 stood at $316.0 million (up 106.77% YoY), and the FY2025 full-year result was -$4.3 billion, down 140.47% from the prior year.
- Change in Cash improved to $463.0 million in Q2 2026 per LUV's latest filing, from $97.0 million in the prior quarter.
- Across five years, Change in Cash topped out at $799.0 million in Q2 2023 and bottomed at -$4.7 billion in Q2 2025.
- Historically, Change in Cash has averaged -$482.7 million across 5 years, with a median of -$56.0 million in 2023.
- The sharpest annual moves came in 2023 and 2025: Change in Cash soared 487.5% in 2023, then sank 1970.67% in 2025.
- Over 5 years, Change in Cash stood at -$951.0 million in 2022, then soared by 78.02% to -$209.0 million in 2023, then tumbled by 375.6% to -$994.0 million in 2024, then jumped by 133.1% to $329.0 million in 2025, then surged by 40.73% to $463.0 million in 2026.
- According to Business Quant data, Change in Cash over the past three periods registered $463.0 million, $97.0 million, and $329.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.35 Bn | 47.68 Bn | 19.07 Bn | -462.00 Mn |
| 2 | Ryanair Holdings | 27.93 Bn | 24.00 Bn | - | -293.03 Mn |
| 3 | Southwest Airlines | 20.05 Bn | 16.26 Bn | 7.33 Bn | 463.00 Mn |
| 4 | Copa Holdings | 5.42 Bn | 4.16 Bn | 1.03 Bn | 275.16 Mn |
| 5 | Alaska Air | 4.52 Bn | 1.86 Bn | 3.76 Bn | 619.00 Mn |
| 6 | Skywest | 3.74 Bn | 3.14 Bn | 1.01 Bn | 15.57 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.25 Bn | 1.21 Bn | - | -62.00 Mn |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | 240.22 Mn |
| 9 | Jetblue Airways | 1.65 Bn | -372.51 Mn | 2.32 Bn | -287.00 Mn |
| 10 | Frontier Group Holdings | 1.34 Bn | 384.76 Mn | - | 183.00 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Southwest Airlines Change in Cash 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=change-in-cash&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-cash", "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=change-in-cash&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();