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% on a YoY basis from 0.25 in Q2 2025, and down 358.9% quarter-over-quarter from 0.12 in Q1 2026.
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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.
- For the quarter ending Q2 2026, FCF Payout Ratio rose 23.17% year-over-year to 0.31; the trailing twelve-month figure through Jun 2026 stood at 0.81 (up 39.92% YoY), and the FY2025 full-year result was 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.
- Across five years, FCF Payout Ratio topped out at 0.32 in Q1 2025 and bottomed at 0.95 in Q3 2023.
- Historically, FCF Payout Ratio has averaged 0.32 across 4 years, with a median of 0.36 in 2024.
- The sharpest annual moves came in 2025 and 2026: FCF Payout Ratio soared 202.67% in 2025, then sank 63.27% in 2026.
- Over 4 years, FCF Payout Ratio stood at 0.95 in 2023, then jumped by 93.4% to 0.06 in 2024, then tumbled by 673.4% to 0.48 in 2025, then jumped 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.14 Bn | 46.47 Bn | 19.07 Bn | 0.11 |
| 2 | Ryanair Holdings | 27.96 Bn | 24.03 Bn | - | - |
| 3 | Southwest Airlines | 18.91 Bn | 15.12 Bn | 7.33 Bn | - |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.45 Bn | 1.79 Bn | 3.76 Bn | - |
| 6 | Skywest | 3.77 Bn | 3.17 Bn | 1.01 Bn | - |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.20 Bn | 1.17 Bn | - | - |
| 8 | Allegiant Travel | 1.74 Bn | 681.68 Mn | 902.77 Mn | - |
| 9 | Jetblue Airways | 1.65 Bn | -373.56 Mn | 2.32 Bn | - |
| 10 | Frontier Group Holdings | 1.27 Bn | 311.03 Mn | - | - |
Historic Data
Download Data
Historic 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 | -0.63 |
| 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 |