Southwest Airlines (LUV) Free Cash Flow (2009 - 2026)
Southwest Airlines' Free Cash Flow came in at -$288 million for Q2 2026, compared with -$259 million a year earlier.
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Analysis
Southwest Airlines (LUV) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Southwest Airlines reported Free Cash Flow of -$455 million; for FY2025, it came in at -$831 million.
- Going back by year, Free Cash Flow was -$1.59 billion in FY2024, -$356 million in FY2023, -$134 million in FY2022 and $1.82 billion in FY2021.
- The five-year range for quarterly Free Cash Flow is -$838 million (Q3 2022) to $919 million (Q2 2022).
- Business Quant data shows LUV's Free Cash Flow at $788 million (Q1 2026), -$564 million (Q4 2025) and -$391 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.65 Bn | 165.18 Bn | - | 2.20 Bn |
| 2 | Csx | 89.70 Bn | 85.91 Bn | - | 751.00 Mn |
| 3 | United Parcel Service | 84.71 Bn | 61.60 Bn | - | 166.00 Mn |
| 4 | Canadian Pacific Kansas City | 78.00 Bn | 77.02 Bn | - | 699.79 Mn |
| 5 | Norfolk Southern | 73.24 Bn | 67.88 Bn | - | 615.00 Mn |
| 6 | Fedex | 70.67 Bn | 36.62 Bn | - | 1.79 Bn |
| 7 | Delta Air Lines | 50.97 Bn | 33.15 Bn | - | 300.00 Mn |
| 8 | Old Dominion Freight Line | 39.24 Bn | 38.51 Bn | - | 195.66 Mn |
| 9 | United Airlines Holdings | 32.98 Bn | -23.39 Bn | - | 267.00 Mn |
| 10 | Southwest Airlines | 19.54 Bn | 6.17 Bn | - | -288.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -288.00 Mn |
| Mar 31, 2026 | 788.00 Mn |
| Dec 31, 2025 | -564.00 Mn |
| Sep 30, 2025 | -391.00 Mn |
| Jun 30, 2025 | -259.00 Mn |
| Mar 31, 2025 | 333.00 Mn |
| Dec 31, 2024 | 42.00 Mn |
| Sep 30, 2024 | -414.00 Mn |
| Jun 30, 2024 | -523.00 Mn |
| Mar 31, 2024 | -696.00 Mn |
| Dec 31, 2023 | -260.00 Mn |
| Sep 30, 2023 | -234.00 Mn |
| Jun 30, 2023 | 483.00 Mn |
| Mar 31, 2023 | -346.00 Mn |
| Dec 31, 2022 | -785.00 Mn |
| Sep 30, 2022 | -845.00 Mn |
| Jun 30, 2022 | 916.00 Mn |
| Mar 31, 2022 | 557.00 Mn |
| Dec 31, 2021 | 64.00 Mn |
| Sep 30, 2021 | -713.00 Mn |
API Access
Southwest Airlines Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();