Southwest Airlines (LUV) Interest Coverage Ratio (2009 - 2026)
Southwest Airlines' (LUV) quarterly Interest Coverage Ratio came in at 3.1 in Q2 2026, down 27.03% YoY 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 18 years of Interest Coverage Ratio data on file, last reported at 3.1 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 2.56 (up 130.84% YoY) and the FY2025 annual result came in at 0.34, down 11.58% from the prior year.
- Interest Coverage Ratio retreated to 3.1 in Q2 2026, from 6.11 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 9.4 in Q3 2022 to a low of 14.95 in Q1 2023.
- A 5-year average of 0.73 and a median of 1.79 in 2023 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio sank 1059.8% — and 2026, when it surged 226.06%.
- Tracing LUV's Interest Coverage Ratio over 5 years: stood at 2.81 in 2022, then jumped by 36.95% to 1.77 in 2023, then soared by 225.51% to 2.22 in 2024, then slipped by 22.21% to 1.73 in 2025, then surged by 79.06% to 3.1 in 2026.
- The last three Interest Coverage Ratio figures came in at 3.1 (Q2 2026), 6.11 (Q1 2026), and 1.73 (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | - |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | - |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 4.45 |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | -3.25 |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | -1.95 |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 6.25 |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -0.96 |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 0.53 |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | -9.70 |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 3.49 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.10 |
| Mar 31, 2026 | 6.11 |
| Dec 31, 2025 | 1.73 |
| Sep 30, 2025 | 1.00 |
| Jun 30, 2025 | 4.25 |
| Mar 31, 2025 | -4.85 |
| Dec 31, 2024 | 2.22 |
| Sep 30, 2024 | 0.60 |
| Jun 30, 2024 | 4.33 |
| Mar 31, 2024 | -6.05 |
| Dec 31, 2023 | -1.77 |
| Sep 30, 2023 | 1.86 |
| Jun 30, 2023 | 8.28 |
| Mar 31, 2023 | -14.95 |
| Dec 31, 2022 | -2.81 |
| Sep 30, 2022 | 9.40 |
| Jun 30, 2022 | 8.21 |
| Mar 31, 2022 | -7.55 |
| Dec 31, 2021 | 0.29 |
| Sep 30, 2021 | 26.18 |