Southwest Airlines LUV
NYSE LUV
$38.69 +0.02 (+0.05%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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