Southwest Airlines (LUV) FCF Payout Ratio (2009 - 2026)
Southwest Airlines' (LUV) quarterly FCF Payout Ratio came in at 0.31 in Q2 2026, up 23.17% YoY 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 16 years of FCF Payout Ratio data on file, last reported at 0.31 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 retreated to 0.31 in Q2 2026, from 0.12 in the prior quarter.
- In the past five years, FCF Payout Ratio ranged from a high of 0.35 in Q1 2023 to a low of 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 plunged 190.38% — and 2025, when it surged 202.67%.
- Tracing LUV's FCF Payout Ratio over 4 years: stood at 0.95 in 2023, then surged by 93.4% to 0.06 in 2024, then sank by 673.4% to 0.48 in 2025, then surged by 36.79% to 0.31 in 2026.
- The last three FCF Payout Ratio figures came in at 0.31 (Q2 2026), 0.12 (Q1 2026), and 0.48 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 54.21 Bn | 49.55 Bn | 19.07 Bn | 0.11 |
| 2 | Ryanair Holdings | 29.20 Bn | 25.99 Bn | - | - |
| 3 | Southwest Airlines | 19.66 Bn | 15.86 Bn | 7.33 Bn | -0.31 |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.47 Bn | 1.81 Bn | 3.76 Bn | - |
| 6 | Skywest | 4.02 Bn | 3.42 Bn | 1.01 Bn | - |
| 7 | Allegiant Travel | 1.84 Bn | 782.68 Mn | 902.77 Mn | - |
| 8 | Jetblue Airways | 1.81 Bn | -208.16 Mn | 2.32 Bn | - |
| 9 | Frontier Group Holdings | 1.34 Bn | 386.92 Mn | - | - |
| 10 | Republic Airways Holdings | 866.63 Mn | 589.03 Mn | 487.40 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 |