Southwest Airlines (LUV) Interest Coverage Ratio (2009 - 2026)

Southwest Airlines has reported Interest Coverage Ratio for 18 years, with the latest figure at 6.11 in Q1 2026.

• For the quarter ending Q1 2026, Interest Coverage Ratio rose 226.06% year-over-year to 6.11; the trailing twelve-month figure through Mar 2026 stood at 5.61 (up 162.59% YoY), and the FY2025 full-year result was 2.56, up 98.8% from the prior year.
• Interest Coverage Ratio for Q1 2026 stood at 6.11, down from 8.32 in the prior quarter.
• The five-year high for Interest Coverage Ratio was 12.45 in Q2 2022, with the low at 6.12 in Q4 2023.
• Historically, Interest Coverage Ratio has averaged 2.08 across 5 years, with a median of 1.86 in 2023.
• Annual changes were most pronounced in 2022 — Interest Coverage Ratio plunged 460.03% — and 2026, when it surged 226.06%.
• Southwest Airlines' Interest Coverage Ratio stood at 5.66 in 2022, then decreased by 8.11% to 6.12 in 2023, then surged by 178.3% to 4.79 in 2024, then surged by 73.56% to 8.32 in 2025, then retreated by 26.54% to 6.11 in 2026.
• The last three Interest Coverage Ratio figures came in at 6.11 (Q1 2026), 8.32 (Q4 2025), and 1.0 (Q3 2025), per Business Quant data.