Southwest Airlines (LUV) Interest Coverage Ratio (2009 - 2026)
Southwest Airlines' (LUV) Interest Coverage Ratio stood at 4.45 in Q2 2026, down 22.8% from 5.77 a year earlier and down 27.1% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
On a TTM basis, Southwest Airlines' Interest Coverage Ratio came in at 5.21 as of Jun 30, 2026, up 237.2% year-over-year; for FY2025, it was 2.56, up 98.8% from FY2024.
- Across earlier years, Interest Coverage Ratio came in at 1.29 in FY2024 (+49.1%), 0.86 in FY2023 (-71.1%) and 2.99 in FY2022.
- Quarterly Interest Coverage Ratio has ranged from -6.12 in Q4 2023 to 12.23 in Q2 2023 over the past five years.
- On a year-over-year basis, Interest Coverage Ratio rose in two of the last five quarters, with growth averaging 8.1%.
- Per Business Quant, the preceding three quarters came in at 6.11 (Q1 2026), 8.32 (Q4 2025) and 1.00 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.50 Bn | 165.03 Bn | - | 8.83 |
| 2 | Csx | 88.86 Bn | 85.07 Bn | - | 7.14 |
| 3 | United Parcel Service | 82.91 Bn | 59.81 Bn | - | 3.42 |
| 4 | Canadian Pacific Kansas City | 76.79 Bn | 75.81 Bn | - | - |
| 5 | Norfolk Southern | 72.78 Bn | 67.42 Bn | - | 5.71 |
| 6 | Fedex | 69.54 Bn | 35.48 Bn | - | - |
| 7 | Delta Air Lines | 48.82 Bn | 31.01 Bn | - | - |
| 8 | Old Dominion Freight Line | 38.83 Bn | 38.10 Bn | - | 6,122.38 |
| 9 | United Airlines Holdings | 31.02 Bn | -25.36 Bn | - | 3.20 |
| 10 | Southwest Airlines | 18.96 Bn | 5.59 Bn | - | 4.45 |
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 |
| Dec 31, 2019 | 23.75 |
| Sep 30, 2019 | 27.30 |
| Jun 30, 2019 | 31.23 |
| Mar 31, 2019 | 16.29 |
| Dec 31, 2018 | 25.63 |
| Sep 30, 2018 | 24.18 |
| Jun 30, 2018 | 29.45 |
API Access
Southwest Airlines Interest Coverage Ratio 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=interest-coverage-ratio&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "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=interest-coverage-ratio&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();