Southwest Airlines (LUV) Interest Coverage Ratio (2009 - 2026)
Southwest Airlines' (LUV) quarterly Interest Coverage Ratio came in at 4.45 in Q2 2026, down 22.81% on a YoY basis from 5.77 in Q2 2025, and down 27.13% quarter-over-quarter from 6.11 in Q1 2026.
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Southwest Airlines (LUV) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Interest Coverage Ratio for 18 consecutive years, with 4.45 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Coverage Ratio fell 22.81% year-over-year to 4.45; the trailing twelve-month figure through Jun 2026 stood at 5.2 (up 237.18% YoY), and the FY2025 full-year result was 2.56, up 98.8% from the prior year.
- Interest Coverage Ratio fell to 4.45 in Q2 2026 per LUV's latest filing, from 6.11 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 12.45 in Q2 2022 and bottomed at 6.12 in Q4 2023.
- Historically, Interest Coverage Ratio has averaged 2.22 across 5 years, with a median of 3.16 in 2026.
- The sharpest annual moves came in 2022 and 2026: Interest Coverage Ratio sank 460.03% in 2022, then soared 226.06% in 2026.
- Over 5 years, Interest Coverage Ratio stood at 5.66 in 2022, then dropped by 8.11% to 6.12 in 2023, then jumped by 178.3% to 4.79 in 2024, then jumped by 73.56% to 8.32 in 2025, then tumbled by 46.47% to 4.45 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 4.45, 6.11, and 8.32 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 52.71 Bn | 48.04 Bn | 19.07 Bn | - |
| 2 | Ryanair Holdings | 28.90 Bn | 24.96 Bn | - | - |
| 3 | Southwest Airlines | 19.37 Bn | 15.58 Bn | 7.33 Bn | 4.45 |
| 4 | Copa Holdings | 5.44 Bn | 4.18 Bn | 1.03 Bn | 3.25 |
| 5 | Alaska Air | 4.69 Bn | 2.03 Bn | 3.76 Bn | -1.95 |
| 6 | Skywest | 3.85 Bn | 3.25 Bn | 1.01 Bn | 6.25 |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.30 Bn | 1.27 Bn | - | 0.50 |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn | 0.53 |
| 9 | Jetblue Airways | 1.75 Bn | -274.49 Mn | 2.32 Bn | -0.96 |
| 10 | Frontier Group Holdings | 1.37 Bn | 416.98 Mn | - | -9.70 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.45 |
| Mar 31, 2026 | 6.11 |
| Dec 31, 2025 | 8.32 |
| Sep 30, 2025 | 1.00 |
| Jun 30, 2025 | 5.77 |
| Mar 31, 2025 | -4.85 |
| Dec 31, 2024 | 4.79 |
| Sep 30, 2024 | 0.60 |
| Jun 30, 2024 | 6.32 |
| Mar 31, 2024 | -6.05 |
| Dec 31, 2023 | -6.12 |
| Sep 30, 2023 | 1.86 |
| Jun 30, 2023 | 12.23 |
| Mar 31, 2023 | -4.30 |
| Dec 31, 2022 | -5.66 |
| Sep 30, 2022 | 4.59 |
| Jun 30, 2022 | 12.45 |
| Mar 31, 2022 | -1.62 |
| Dec 31, 2021 | 1.57 |
| Sep 30, 2021 | 6.37 |