Southwest Airlines (LUV) Change in Receivables (2009 - 2026)
Southwest Airlines posted quarterly Change in Receivables of $93.0 million for Q1 2026, up 263.16% year-on-year from $25.6 million in Q1 2025, and up 615.38% on a QoQ basis from $13.0 million in Q4 2025.
Southwest Airlines (LUV) has 18 years of Change in Receivables data on file, last reported at $93.0 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Receivables rose 263.16% year-over-year to $93.0 million; the trailing twelve-month figure through Mar 2026 stood at $99.0 million (up 125.85% YoY), and the FY2025 full-year result was -$51.0 million, down 168.42% from the prior year.
- Change in Receivables for Q1 2026 stood at $93.0 million, up from $13.0 million in the prior quarter.
- Across five years, Change in Receivables topped out at $334.0 million in Q1 2022 and bottomed at -$439.0 million in Q2 2022.
- The 5-year median for Change in Receivables is -$44.0 million (2023), against an average of -$18.3 million.
- The widest annual swing landed in 2022, when Change in Receivables tumbled 352.17%; it then surged 472.41% in 2023.
- A 5-year view of Change in Receivables shows it stood at -$260.0 million in 2022, then decreased by 21.54% to -$316.0 million in 2023, then surged by 68.67% to -$99.0 million in 2024, then surged by 113.13% to $13.0 million in 2025, then jumped by 615.38% to $93.0 million in 2026.
- The last three Change in Receivables figures came in at $93.0 million (Q1 2026), $13.0 million (Q4 2025), and $83.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | - |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 93.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 767.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 65.00 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | - |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | - |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | - |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | - |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 33.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 93.00 Mn |
| Mar 31, 2026 | 93.00 Mn |
| Dec 31, 2025 | 13.00 Mn |
| Dec 31, 2025 | 13.00 Mn |
| Sep 30, 2025 | 83.00 Mn |
| Sep 30, 2025 | 83.00 Mn |
| Jun 30, 2025 | -90.00 Mn |
| Jun 30, 2025 | -90.00 Mn |
| Mar 31, 2025 | -57.00 Mn |
| Mar 31, 2025 | -57.00 Mn |
| Dec 31, 2024 | -99.00 Mn |
| Dec 31, 2024 | -99.00 Mn |
| Sep 30, 2024 | -193.00 Mn |
| Sep 30, 2024 | -193.00 Mn |
| Jun 30, 2024 | -34.00 Mn |
| Jun 30, 2024 | -34.00 Mn |
| Mar 31, 2024 | 308.00 Mn |
| Mar 31, 2024 | 308.00 Mn |
| Dec 31, 2023 | -316.00 Mn |
| Dec 31, 2023 | -316.00 Mn |
| Sep 30, 2023 | 216.00 Mn |
| Sep 30, 2023 | 216.00 Mn |
| Jun 30, 2023 | -44.00 Mn |
| Jun 30, 2023 | -44.00 Mn |
| Mar 31, 2023 | 232.00 Mn |
| Mar 31, 2023 | 232.00 Mn |
| Dec 31, 2022 | -260.00 Mn |
| Dec 31, 2022 | -260.00 Mn |
| Sep 30, 2022 | -58.00 Mn |
| Sep 30, 2022 | -58.00 Mn |
| Jun 30, 2022 | -439.00 Mn |
| Jun 30, 2022 | -439.00 Mn |
| Mar 31, 2022 | 334.00 Mn |
| Mar 31, 2022 | 334.00 Mn |
| Dec 31, 2021 | -118.00 Mn |
| Dec 31, 2021 | -118.00 Mn |
| Sep 30, 2021 | 23.00 Mn |
| Sep 30, 2021 | 23.00 Mn |
| Jun 30, 2021 | 563.00 Mn |
| Jun 30, 2021 | 563.00 Mn |
| Mar 31, 2021 | 234.00 Mn |
| Mar 31, 2021 | 234.00 Mn |
| Dec 31, 2020 | 234.00 Mn |
| Dec 31, 2020 | 234.00 Mn |
| Sep 30, 2020 | 123.00 Mn |
| Sep 30, 2020 | 123.00 Mn |
| Jun 30, 2020 | 119.00 Mn |
| Jun 30, 2020 | 119.00 Mn |
| Mar 31, 2020 | -183.00 Mn |
| Mar 31, 2020 | -183.00 Mn |
| Dec 31, 2019 | -198.00 Mn |
| Dec 31, 2019 | -198.00 Mn |
| Sep 30, 2019 | 88.00 Mn |
| Sep 30, 2019 | 88.00 Mn |
| Jun 30, 2019 | -18.00 Mn |
| Jun 30, 2019 | -18.00 Mn |
| Mar 31, 2019 | 222.00 Mn |
| Mar 31, 2019 | 222.00 Mn |
| Dec 31, 2018 | -226.00 Mn |
| Dec 31, 2018 | -226.00 Mn |
| Sep 30, 2018 | 13.00 Mn |
| Sep 30, 2018 | 13.00 Mn |
| Jun 30, 2018 | 81.00 Mn |
| Jun 30, 2018 | 81.00 Mn |
| Mar 31, 2018 | 15.00 Mn |
| Mar 31, 2018 | 15.00 Mn |
| Dec 31, 2017 | 79.00 Mn |
| Dec 31, 2017 | 79.00 Mn |
| Jun 30, 2017 | -12.00 Mn |
| Jun 30, 2017 | -12.00 Mn |
| Mar 31, 2017 | 35.00 Mn |
| Mar 31, 2017 | 35.00 Mn |
| Dec 31, 2016 | -305.00 Mn |
| Dec 31, 2016 | -305.00 Mn |
| Sep 30, 2016 | 320.00 Mn |
| Sep 30, 2016 | 320.00 Mn |
| Jun 30, 2016 | 14.00 Mn |
| Jun 30, 2016 | 14.00 Mn |
| Mar 31, 2016 | 21.00 Mn |
| Mar 31, 2016 | 21.00 Mn |
| Dec 31, 2015 | 2.00 Mn |
| Dec 31, 2015 | 2.00 Mn |
| Sep 30, 2015 | -4.00 Mn |
| Sep 30, 2015 | -4.00 Mn |
| Jun 30, 2015 | -41.00 Mn |
| Jun 30, 2015 | -41.00 Mn |
| Mar 31, 2015 | 130.00 Mn |
| Mar 31, 2015 | 130.00 Mn |
| Dec 31, 2014 | -137.00 Mn |
| Dec 31, 2014 | -137.00 Mn |
| Sep 30, 2014 | 22.00 Mn |
| Sep 30, 2014 | 22.00 Mn |
| Jun 30, 2014 | -10.00 Mn |
| Jun 30, 2014 | -10.00 Mn |
| Mar 31, 2014 | 72.00 Mn |
| Mar 31, 2014 | 72.00 Mn |
| Dec 31, 2013 | -57.00 Mn |
| Dec 31, 2013 | -57.00 Mn |
| Sep 30, 2013 | -73.00 Mn |
| Sep 30, 2013 | -73.00 Mn |
| Jun 30, 2013 | 51.00 Mn |
| Jun 30, 2013 | 51.00 Mn |
| Mar 31, 2013 | 97.00 Mn |
| Mar 31, 2013 | 97.00 Mn |
| Dec 31, 2012 | -74.00 Mn |
| Dec 31, 2012 | -74.00 Mn |
| Sep 30, 2012 | 2.00 Mn |
| Sep 30, 2012 | 2.00 Mn |
| Jun 30, 2012 | 37.00 Mn |
| Jun 30, 2012 | 37.00 Mn |
| Mar 31, 2012 | 68.00 Mn |
| Mar 31, 2012 | 68.00 Mn |
| Dec 31, 2011 | -70.00 Mn |
| Dec 31, 2011 | -70.00 Mn |
| Sep 30, 2011 | -11.00 Mn |
| Sep 30, 2011 | -11.00 Mn |
| Jun 30, 2011 | 21.00 Mn |
| Jun 30, 2011 | 21.00 Mn |
| Mar 31, 2011 | 87.00 Mn |
| Mar 31, 2011 | 87.00 Mn |
| Dec 31, 2010 | 92.00 Mn |
| Dec 31, 2010 | 92.00 Mn |
| Sep 30, 2010 | 42.00 Mn |
| Sep 30, 2010 | 42.00 Mn |
| Jun 30, 2010 | -42.00 |
| Jun 30, 2010 | -42.00 |
| Mar 31, 2010 | -67.00 Mn |
| Mar 31, 2010 | -67.00 Mn |
| Dec 31, 2009 | -24.00 Mn |
| Dec 31, 2009 | -24.00 Mn |
| Sep 30, 2009 | 12.00 Mn |
| Sep 30, 2009 | 12.00 Mn |
| Jun 30, 2009 | -6.00 Mn |
| Jun 30, 2009 | -6.00 Mn |
| Mar 31, 2009 | -22.00 Mn |
| Mar 31, 2009 | -22.00 Mn |