Southwest Airlines (LUV) Dividend Coverage Ratio (2009 - 2026)
Southwest Airlines' (LUV) quarterly Dividend Coverage Ratio came in at 2.65 in Q2 2026, up 28.04% on a YoY basis from 2.07 in Q2 2025, and up 8.48% quarter-over-quarter from 2.44 in Q1 2026.
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Southwest Airlines (LUV) Dividend Coverage Ratio (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Dividend Coverage Ratio for 16 consecutive years, with 2.65 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Dividend Coverage Ratio rose 28.04% year-over-year to 2.65; the trailing twelve-month figure through Jun 2026 stood at 2.26 (up 145.26% YoY), and the FY2025 full-year result was 1.11, up 2.21% from the prior year.
- Dividend Coverage Ratio grew to 2.65 in Q2 2026 per LUV's latest filing, from 2.44 in the prior quarter.
- Across five years, Dividend Coverage Ratio topped out at 2.65 in Q2 2026 and bottomed at 261.0 in Q4 2024.
- Historically, Dividend Coverage Ratio has averaged 25.56 across 4 years, with a median of 0.3 in 2024.
- The sharpest annual moves came in 2024 and 2026: Dividend Coverage Ratio tumbled 65.61% in 2024, then jumped 275.28% in 2026.
- Over 4 years, Dividend Coverage Ratio stood at 0.9 in 2023, then slumped by 29039.9% to 261.0 in 2024, then jumped by 100.11% to 0.29 in 2025, then surged by 826.7% to 2.65 in 2026.
- According to Business Quant data, Dividend Coverage Ratio over the past three periods registered 2.65, 2.44, and 0.29 for Q2 2026, Q1 2026, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.79 Bn | 47.12 Bn | 19.07 Bn | 6.03 |
| 2 | Ryanair Holdings | 28.72 Bn | 24.79 Bn | - | - |
| 3 | Southwest Airlines | 19.00 Bn | 15.21 Bn | 7.33 Bn | 2.65 |
| 4 | Copa Holdings | 5.37 Bn | 4.11 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.55 Bn | 1.88 Bn | 3.76 Bn | - |
| 6 | Skywest | 3.76 Bn | 3.16 Bn | 1.01 Bn | - |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.27 Bn | 1.24 Bn | - | - |
| 8 | Allegiant Travel | 1.74 Bn | 689.68 Mn | 902.77 Mn | - |
| 9 | Jetblue Airways | 1.70 Bn | -322.81 Mn | 2.32 Bn | - |
| 10 | Frontier Group Holdings | 1.32 Bn | 363.93 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.65 |
| Mar 31, 2026 | 2.44 |
| Sep 30, 2025 | 0.29 |
| Jun 30, 2025 | 2.07 |
| Mar 31, 2025 | -1.39 |
| Dec 31, 2024 | -261.00 |
| Sep 30, 2024 | 0.31 |
| Mar 31, 2024 | -1.07 |
| Sep 30, 2023 | 0.90 |
| Mar 31, 2023 | -0.74 |
| Mar 31, 2020 | -0.50 |
| Sep 30, 2019 | 6.86 |
| Jun 30, 2019 | 7.56 |
| Mar 31, 2019 | 2.17 |
| Sep 30, 2018 | 6.76 |
| Jun 30, 2018 | 7.88 |
| Mar 31, 2018 | 3.13 |
| Sep 30, 2017 | 7.04 |
| Jun 30, 2017 | 9.78 |
| Mar 31, 2017 | 2.76 |