Southwest Airlines (LUV) Debt Ratio (2009 - 2026)
Southwest Airlines' (LUV) quarterly Debt Ratio came in at 0.2 in Q2 2026, up 38.13% YoY from 0.14 in Q2 2025, and up 7.57% on a QoQ basis from 0.18 in Q1 2026.
Southwest Airlines (LUV) Debt Ratio (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Debt Ratio data on file, last reported at 0.2 in Q2 2026.
- Quarterly Debt Ratio rose 38.13% year-over-year to 0.2 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.2 (up 38.13% YoY) and the FY2025 annual result came in at 0.17, down 15.04% from the prior year.
- Debt Ratio improved to 0.2 in Q2 2026, from 0.18 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.29 in Q1 2022 to a low of 0.0 in Q1 2024.
- A 5-year average of 0.15 and a median of 0.18 in 2025 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2023 — Debt Ratio slumped 99.69% — and 2025, when it surged 25827.0%.
- Tracing LUV's Debt Ratio over 5 years: stood at 0.23 in 2022, then slipped by 4.03% to 0.22 in 2023, then dropped by 9.55% to 0.2 in 2024, then dropped by 15.04% to 0.17 in 2025, then advanced by 17.05% to 0.2 in 2026.
- The last three Debt Ratio figures came in at 0.2 (Q2 2026), 0.18 (Q1 2026), and 0.17 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 54.01 Bn | 49.34 Bn | 19.07 Bn | 0.19 |
| 2 | Ryanair Holdings | 29.14 Bn | 25.93 Bn | - | 0.00 |
| 3 | Southwest Airlines | 19.67 Bn | 15.88 Bn | 7.33 Bn | 0.20 |
| 4 | Copa Holdings | 5.37 Bn | 4.11 Bn | 1.03 Bn | 0.32 |
| 5 | Alaska Air | 4.50 Bn | 1.84 Bn | 3.76 Bn | 0.31 |
| 6 | Skywest | 4.02 Bn | 3.41 Bn | 1.01 Bn | 0.31 |
| 7 | Allegiant Travel | 1.83 Bn | 773.09 Mn | 902.77 Mn | 0.48 |
| 8 | Jetblue Airways | 1.78 Bn | -240.11 Mn | 2.32 Bn | 0.55 |
| 9 | Frontier Group Holdings | 1.33 Bn | 375.42 Mn | - | 0.10 |
| 10 | Republic Airways Holdings | 850.63 Mn | 573.03 Mn | 487.40 Mn | 0.33 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.20 |
| Mar 31, 2026 | 0.18 |
| Dec 31, 2025 | 0.17 |
| Sep 30, 2025 | 0.14 |
| Jun 30, 2025 | 0.14 |
| Mar 31, 2025 | 0.20 |
| Dec 31, 2024 | 0.20 |
| Sep 30, 2024 | 0.08 |
| Jun 30, 2024 | 0.08 |
| Mar 31, 2024 | 0.00 |
| Dec 31, 2023 | 0.22 |
| Sep 30, 2023 | 0.00 |
| Jun 30, 2023 | 0.00 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.23 |
| Sep 30, 2022 | 0.24 |
| Jun 30, 2022 | 0.28 |
| Mar 31, 2022 | 0.29 |
| Dec 31, 2021 | 0.30 |
| Sep 30, 2021 | 0.30 |