Southwest Airlines (LUV) FCF Payout Ratio (2009 - 2026)
Southwest Airlines posted quarterly FCF Payout Ratio of 0.12 for Q1 2026, down 63.27% year-on-year from 0.32 in Q1 2025, and up 124.42% on a QoQ basis from 0.48 in Q3 2025.
Southwest Airlines (LUV) has 16 years of FCF Payout Ratio data on file, last reported at 0.12 in Q1 2026.
- For the quarter ending Q1 2026, FCF Payout Ratio fell 63.27% year-over-year to 0.12; the trailing twelve-month figure through Mar 2026 stood at 1.65 (up 934.4% YoY), and the FY2025 full-year result was 0.48, down 77.77% from the prior year.
- FCF Payout Ratio for Q1 2026 stood at 0.12, up from 0.48 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 2.1 in Q3 2024 and bottomed at 0.95 in Q3 2023.
- The 4-year median for FCF Payout Ratio is 0.12 (2026), against an average of 0.16.
- Peak annual rise in FCF Payout Ratio reached 321.47% in 2024, while the deepest fall reached 190.38% in 2024.
- A 4-year view of FCF Payout Ratio shows it stood at 0.95 in 2023, then surged by 100.07% to 0.0 in 2024, then tumbled by 75119.95% to 0.48 in 2025, then surged by 124.42% to 0.12 in 2026.
- The last three FCF Payout Ratio figures came in at 0.12 (Q1 2026), 0.48 (Q3 2025), and 0.26 (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 0.09 |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 0.12 |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 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 | - |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | - |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | -0.49 |
| 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 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.12 |
| Sep 30, 2025 | -0.48 |
| Jun 30, 2025 | 0.26 |
| Mar 31, 2025 | 0.32 |
| Dec 31, 2024 | 0.00 |
| Sep 30, 2024 | 2.10 |
| 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 | 0.07 |
| Jun 30, 2018 | 0.06 |
| Mar 31, 2018 | 0.15 |
| Sep 30, 2017 | 0.21 |
| Jun 30, 2017 | 0.11 |
| Mar 31, 2017 | 0.10 |
| Sep 30, 2016 | 0.16 |
| Jun 30, 2016 | 0.06 |
| Mar 31, 2016 | 0.06 |
| Sep 30, 2015 | 0.06 |
| Jun 30, 2015 | 0.08 |
| Mar 31, 2015 | 0.09 |
| Dec 31, 2014 | 0.01 |
| Sep 30, 2014 | 0.19 |
| Jun 30, 2014 | 0.03 |
| Mar 31, 2014 | 0.08 |
| Sep 30, 2013 | 0.18 |
| Jun 30, 2013 | 0.05 |
| Mar 31, 2013 | 0.03 |
| Sep 30, 2012 | 0.12 |
| Jun 30, 2012 | -0.03 |
| Mar 31, 2012 | 0.01 |
| Sep 30, 2011 | -0.01 |
| Jun 30, 2011 | 0.14 |
| Mar 31, 2011 | 0.01 |
| Sep 30, 2010 | 0.01 |
| Jun 30, 2010 | 0.01 |
| Mar 31, 2010 | -0.01 |
| Dec 31, 2009 | -0.05 |
| Sep 30, 2009 | -0.01 |
| Jun 30, 2009 | -0.01 |
| Mar 31, 2009 | 0.03 |