Southwest Airlines (LUV) Interest Coverage Ratio (2009 - 2026)
Southwest Airlines (LUV) posted quarterly Interest Coverage Ratio of 3.1 for Q2 2026, down 27.03% year-on-year from 4.25 in Q2 2025, and down 49.31% on a QoQ basis from 6.11 in Q1 2026.
Southwest Airlines (LUV) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Interest Coverage Ratio for 18 consecutive years, with 3.1 the latest figure, recorded in Q2 2026.
- Quarterly Interest Coverage Ratio fell 27.03% year-over-year to 3.1 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 3.08 (up 113.07% YoY) and the FY2025 annual result came in at 0.34, down 11.58% from the prior year.
- Interest Coverage Ratio declined to 3.1 in Q2 2026 per LUV's latest filing, from 6.11 in the prior quarter.
- Over the last five years, Interest Coverage Ratio for LUV reached as high as 9.4 in Q3 2022 and fell as low as 14.95 in Q1 2023.
- A 5-year average of 0.8 and a median of 2.17 in 2025 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2023 — Interest Coverage Ratio slumped 1117.88% — and 2026, when it soared 226.06%.
- Year by year, Interest Coverage Ratio stood at 0.5 in 2022, then slumped by 1117.88% to 6.12 in 2023, then surged by 178.3% to 4.79 in 2024, then tumbled by 48.04% to 2.49 in 2025, then grew by 24.39% to 3.1 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 3.1, 6.11, and 2.49 for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,820.50 Bn | 30,817.83 Bn | 1.28 Mn | -5.02 |
| 2 | Ryanair Holdings | 60.62 Bn | 57.43 Bn | - | -38.62 |
| 3 | Delta Air Lines | 56.47 Bn | 51.80 Bn | 19.07 Bn | -155.33 |
| 4 | Southwest Airlines | 22.19 Bn | 18.40 Bn | 7.33 Bn | 3.10 |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.95 Bn | 8.12 Bn | - | 1.22 |
| 6 | Copa Holdings | 5.72 Bn | 4.39 Bn | 713.71 Mn | -7.63 |
| 7 | Alaska Air | 5.41 Bn | 3.64 Bn | 3.20 Bn | -3.67 |
| 8 | Skywest | 4.36 Bn | 3.75 Bn | 1.01 Bn | 1.25 |
| 9 | Jetblue Airways | 2.00 Bn | 1.59 Bn | 1.87 Bn | -1.56 |
| 10 | Allegiant Travel | 1.82 Bn | 915.81 Mn | 651.87 Mn | 0.05 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.10 |
| Mar 31, 2026 | 6.11 |
| Dec 31, 2025 | 2.49 |
| Sep 30, 2025 | 1.00 |
| Jun 30, 2025 | 4.25 |
| Mar 31, 2025 | -4.85 |
| Dec 31, 2024 | 4.79 |
| Sep 30, 2024 | 0.60 |
| Jun 30, 2024 | 4.33 |
| Mar 31, 2024 | -6.05 |
| Dec 31, 2023 | -6.12 |
| Sep 30, 2023 | 1.86 |
| Jun 30, 2023 | 8.28 |
| Mar 31, 2023 | -14.95 |
| Dec 31, 2022 | -0.50 |
| Sep 30, 2022 | 9.40 |
| Jun 30, 2022 | 8.21 |
| Mar 31, 2022 | -7.55 |
| Dec 31, 2021 | 0.35 |
| Sep 30, 2021 | 26.18 |