Southwest Airlines (LUV) Interest Expenses (2009 - 2026)
Southwest Airlines' (LUV) quarterly Interest Expenses came in at $92.0 million in Q2 2026, up 73.58% YoY from $53.0 million in Q2 2025, and up 70.37% on a QoQ basis from $54.0 million in Q1 2026.
Southwest Airlines (LUV) Interest Expenses (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Interest Expenses data on file, last reported at $92.0 million in Q2 2026.
- Quarterly Interest Expenses rose 73.58% year-over-year to $92.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $407.0 million (up 41.81% YoY) and the FY2025 annual result came in at $1.2 billion, up 50.79% from the prior year.
- Interest Expenses rose to $92.0 million in Q2 2026, from $54.0 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $228.0 million in Q4 2023 to a low of $19.0 million in Q1 2023.
- A 5-year average of $88.7 million and a median of $64.0 million in 2023 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2022 — Interest Expenses slumped 79.43% — and 2024, when it soared 242.11%.
- Tracing LUV's Interest Expenses over 5 years: stood at $137.0 million in 2022, then jumped by 66.42% to $228.0 million in 2023, then plunged by 45.18% to $125.0 million in 2024, then jumped by 80.8% to $226.0 million in 2025, then tumbled by 59.29% to $92.0 million in 2026.
- The last three Interest Expenses figures came in at $92.0 million (Q2 2026), $54.0 million (Q1 2026), and $226.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (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 | 64.00 Mn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | -28.18 Mn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 86.00 Mn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 24.93 Mn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 147.00 Mn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 40.07 Mn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | 10.00 Mn |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 16.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 92.00 Mn |
| Jun 30, 2026 | 92.00 Mn |
| Mar 31, 2026 | 54.00 Mn |
| Mar 31, 2026 | 54.00 Mn |
| Dec 31, 2025 | 226.00 Mn |
| Dec 31, 2025 | 226.00 Mn |
| Sep 30, 2025 | 35.00 Mn |
| Sep 30, 2025 | 35.00 Mn |
| Jun 30, 2025 | 53.00 Mn |
| Jun 30, 2025 | 53.00 Mn |
| Mar 31, 2025 | 46.00 Mn |
| Mar 31, 2025 | 46.00 Mn |
| Dec 31, 2024 | 125.00 Mn |
| Dec 31, 2024 | 125.00 Mn |
| Sep 30, 2024 | 63.00 Mn |
| Sep 30, 2024 | 63.00 Mn |
| Jun 30, 2024 | 92.00 Mn |
| Jun 30, 2024 | 92.00 Mn |
| Mar 31, 2024 | 65.00 Mn |
| Mar 31, 2024 | 65.00 Mn |