Southwest Airlines (LUV) FCF Payout Ratio (2009 - 2026)
Southwest Airlines (LUV) posted quarterly FCF Payout Ratio of 0.31 for Q2 2026, up 23.17% year-on-year from 0.25 in Q2 2025, and down 358.9% on a QoQ basis from 0.12 in Q1 2026.
Southwest Airlines (LUV) FCF Payout Ratio (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported FCF Payout Ratio for 16 consecutive years, with 0.31 the latest figure, recorded in Q2 2026.
- Quarterly FCF Payout Ratio rose 23.17% year-over-year to 0.31 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.81 (up 39.92% YoY) and the FY2025 annual result came in at 0.48, down 77.77% from the prior year.
- FCF Payout Ratio declined to 0.31 in Q2 2026 per LUV's latest filing, from 0.12 in the prior quarter.
- Over the last five years, FCF Payout Ratio for LUV reached as high as 0.35 in Q1 2023 and fell as low as 0.95 in Q3 2023.
- A 4-year average of 0.23 and a median of 0.31 in 2024 frame the typical range for FCF Payout Ratio.
- Annual changes were most pronounced in 2024 — FCF Payout Ratio tumbled 190.38% — and 2025, when it soared 202.67%.
- Year by year, FCF Payout Ratio stood at 0.95 in 2023, then surged by 93.4% to 0.06 in 2024, then slumped by 673.4% to 0.48 in 2025, then surged by 36.79% to 0.31 in 2026.
- According to Business Quant data, FCF Payout Ratio over the past three periods registered 0.31, 0.12, and 0.48 for Q2 2026, Q1 2026, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 29,341.35 Bn | 29,338.67 Bn | 1.28 Mn | -230.85 |
| 2 | Ryanair Holdings | 183.33 Bn | 180.79 Bn | - | - |
| 3 | Delta Air Lines | 53.61 Bn | 48.95 Bn | 19.07 Bn | -0.59 |
| 4 | Southwest Airlines | 21.85 Bn | 18.53 Bn | 7.33 Bn | -0.31 |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.69 Bn | 7.93 Bn | - | - |
| 6 | Copa Holdings | 5.59 Bn | 4.26 Bn | 713.71 Mn | -0.49 |
| 7 | Alaska Air | 5.12 Bn | 3.35 Bn | 3.20 Bn | - |
| 8 | Skywest | 3.85 Bn | 3.22 Bn | 1.01 Bn | - |
| 9 | Jetblue Airways | 1.85 Bn | 1.44 Bn | 1.87 Bn | - |
| 10 | Allegiant Travel | 1.72 Bn | 818.03 Mn | 651.87 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.31 |
| Mar 31, 2026 | 0.12 |
| Sep 30, 2025 | -0.48 |
| Jun 30, 2025 | -0.40 |
| Mar 31, 2025 | 0.32 |
| Dec 31, 2024 | -0.06 |
| Sep 30, 2024 | -0.53 |
| Mar 31, 2024 | -0.31 |
| Sep 30, 2023 | -0.95 |
| Mar 31, 2023 | 0.35 |
| Mar 31, 2020 | -0.31 |
| Sep 30, 2019 | 0.13 |
| Jun 30, 2019 | 0.13 |
| Mar 31, 2019 | 0.19 |
| Sep 30, 2018 | 0.11 |
| Jun 30, 2018 | 0.08 |
| Mar 31, 2018 | 0.25 |
| Sep 30, 2017 | 0.21 |
| Jun 30, 2017 | 0.39 |
| Mar 31, 2017 | 0.10 |