Southwest Airlines (LUV) Interest Expenses (2009 - 2026)
Southwest Airlines' (LUV) quarterly Interest Expenses came in at $64.0 million in Q2 2026, up 64.1% on a YoY basis from $39.0 million in Q2 2025, and up 18.52% quarter-over-quarter from $54.0 million in Q1 2026.
Analysis
Southwest Airlines (LUV) Interest Expenses (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Interest Expenses for 18 consecutive years, with $64.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Expenses rose 64.1% year-over-year to $64.0 million; the trailing twelve-month figure through Jun 2026 stood at $200.0 million (down 2.91% YoY), and the FY2025 full-year result was $167.0 million, down 32.93% from the prior year.
- Interest Expenses advanced to $64.0 million in Q2 2026 per LUV's latest filing, from $54.0 million in the prior quarter.
- Across five years, Interest Expenses topped out at $93.0 million in Q1 2022 and bottomed at $35.0 million in Q3 2025.
- Historically, Interest Expenses has averaged $63.0 million across 5 years, with a median of $63.5 million in 2023.
- The sharpest annual moves came in 2022 and 2026: Interest Expenses slumped 45.16% in 2022, then soared 64.1% in 2026.
- Over 5 years, Interest Expenses stood at $68.0 million in 2022, then declined by 2.94% to $66.0 million in 2023, then fell by 12.12% to $58.0 million in 2024, then declined by 18.97% to $47.0 million in 2025, then soared by 36.17% to $64.0 million in 2026.
- According to Business Quant data, Interest Expenses over the past three periods registered $64.0 million, $54.0 million, and $47.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.66 Bn | 46.99 Bn | 19.07 Bn | - |
| 2 | Ryanair Holdings | 28.60 Bn | 24.67 Bn | - | - |
| 3 | Southwest Airlines | 18.92 Bn | 15.13 Bn | 7.33 Bn | 64.00 Mn |
| 4 | Copa Holdings | 5.36 Bn | 4.10 Bn | 1.03 Bn | -28.18 Mn |
| 5 | Alaska Air | 4.49 Bn | 1.83 Bn | 3.76 Bn | 86.00 Mn |
| 6 | Skywest | 3.79 Bn | 3.19 Bn | 1.01 Bn | 24.93 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.29 Bn | 1.25 Bn | - | -136.00 Mn |
| 8 | Allegiant Travel | 1.75 Bn | 699.04 Mn | 902.77 Mn | 40.07 Mn |
| 9 | Jetblue Airways | 1.64 Bn | -375.44 Mn | 2.32 Bn | 147.00 Mn |
| 10 | Frontier Group Holdings | 1.30 Bn | 347.83 Mn | - | 10.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 64.00 Mn |
| Mar 31, 2026 | 54.00 Mn |
| Dec 31, 2025 | 47.00 Mn |
| Sep 30, 2025 | 35.00 Mn |
| Jun 30, 2025 | 39.00 Mn |
| Mar 31, 2025 | 46.00 Mn |
| Dec 31, 2024 | 58.00 Mn |
| Sep 30, 2024 | 63.00 Mn |
| Jun 30, 2024 | 63.00 Mn |
| Mar 31, 2024 | 65.00 Mn |
| Dec 31, 2023 | 66.00 Mn |
| Sep 30, 2023 | 63.00 Mn |
| Jun 30, 2023 | 65.00 Mn |
| Mar 31, 2023 | 66.00 Mn |
| Dec 31, 2022 | 68.00 Mn |
| Sep 30, 2022 | 86.00 Mn |
| Jun 30, 2022 | 93.00 Mn |
| Mar 31, 2022 | 93.00 Mn |
| Dec 31, 2021 | 124.00 Mn |
| Sep 30, 2021 | 115.00 Mn |