Southwest Airlines (LUV) Interest Expenses (2009 - 2026)
Southwest Airlines' Interest Expenses was $64 million in Q2 2026, up 64.1% from $39 million a year earlier and up 18.5% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Interest Expenses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Southwest Airlines' Interest Expenses was $200 million through Jun 30, 2026, down 2.9% year-over-year; for FY2025, it came in at $167 million, down 32.9% from FY2024.
- Interest Expenses has now declined for three consecutive years, with a three-year compound annual growth rate of -21.1% (FY2022 to FY2025).
- In earlier years, Interest Expenses was $249 million in FY2024 (-3.9%), $259 million in FY2023 (-23.8%) and $340 million in FY2022.
- The Q2 2026 figure marks the highest quarterly Interest Expenses since Q1 2024.
- Compared with a year earlier, Interest Expenses was higher in two of the last eight quarters, with an average decline of 7.7%.
- The best year-over-year quarter for Interest Expenses over five years was Q2 2026 (growth of 64.1%); the worst was Q3 2025 (a decline of 44.4%).
- Per Business Quant data, LUV's Interest Expenses in the three quarters before Q2 2026 was $54 million (Q1 2026), $47 million (Q4 2025) and $35 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.50 Bn | 165.03 Bn | - | 313.00 Mn |
| 2 | Csx | 88.86 Bn | 85.07 Bn | - | 211.00 Mn |
| 3 | United Parcel Service | 82.91 Bn | 59.81 Bn | - | 272.00 Mn |
| 4 | Canadian Pacific Kansas City | 76.79 Bn | 75.81 Bn | - | - |
| 5 | Norfolk Southern | 72.78 Bn | 67.42 Bn | - | 197.00 Mn |
| 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 | - | 76,000.00 |
| 9 | United Airlines Holdings | 31.02 Bn | -25.36 Bn | - | 343.00 Mn |
| 10 | Southwest Airlines | 18.96 Bn | 5.59 Bn | - | 64.00 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 |
| Dec 31, 2019 | 28.00 Mn |
| Sep 30, 2019 | 30.00 Mn |
| Jun 30, 2019 | 31.00 Mn |
| Mar 31, 2019 | 31.00 Mn |
| Dec 31, 2018 | 32.00 Mn |
| Sep 30, 2018 | 33.00 Mn |
| Jun 30, 2018 | 33.00 Mn |
API Access
Southwest Airlines Interest Expenses 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-expenses&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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-expenses&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();