Growth Metrics

Southwest Airlines (LUV) Free Cash Flow (2016 - 2026)

Southwest Airlines has reported Free Cash Flow over the past 18 years, most recently at $788.0 million for Q1 2026.

  • Quarterly Free Cash Flow rose 136.64% to $788.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was -$2.2 billion through Mar 2026, down 2536.9% year-over-year, with the annual reading at -$831.0 million for FY2025, 47.8% up from the prior year.
  • Free Cash Flow was $788.0 million for Q1 2026 at Southwest Airlines, up from -$2.4 billion in the prior quarter.
  • Over five years, Free Cash Flow peaked at $1.9 billion in Q2 2022 and troughed at -$2.4 billion in Q4 2025.
  • The 5-year median for Free Cash Flow is $214.0 million (2022), against an average of $123.5 million.
  • Biggest five-year swings in Free Cash Flow: surged 219.4% in 2022 and later crashed 14962.5% in 2025.
  • Tracing LUV's Free Cash Flow over 5 years: stood at $214.0 million in 2022, then surged by 78.04% to $381.0 million in 2023, then crashed by 95.8% to $16.0 million in 2024, then crashed by 14962.5% to -$2.4 billion in 2025, then surged by 133.14% to $788.0 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods came in at $788.0 million, -$2.4 billion, and -$391.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.