Southwest Airlines (LUV) Net Cash Flow (2009 - 2026)
Southwest Airlines (LUV) reported Net Cash Flow of $463 million for Q2 2026, compared with -$4.66 billion a year earlier and up 377.3% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Net Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Southwest Airlines' Net Cash Flow came in at $316 million; for FY2025, it came in at -$4.28 billion.
- By year, Net Cash Flow came in at -$1.78 billion in FY2024, -$204 million in FY2023, -$2.99 billion in FY2022 and $1.42 billion in FY2021 (-83.4%).
- The Q2 2026 figure ranks as the highest quarterly Net Cash Flow since Q1 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at $97 million (Q1 2026), $329 million (Q4 2025) and -$573 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 174.34 Bn | 166.59 Bn | - | 595.00 Mn |
| 2 | Csx | 94.53 Bn | 89.75 Bn | - | 216.00 Mn |
| 3 | United Parcel Service | 86.35 Bn | 63.24 Bn | - | -1.14 Bn |
| 4 | Canadian Pacific Kansas City | 79.70 Bn | 78.72 Bn | - | -48.44 Mn |
| 5 | Norfolk Southern | 74.40 Bn | 68.86 Bn | - | 529.00 Mn |
| 6 | Fedex | 71.03 Bn | 36.97 Bn | - | 1.66 Bn |
| 7 | Delta Air Lines | 49.91 Bn | 32.10 Bn | - | -891.00 Mn |
| 8 | Old Dominion Freight Line | 38.18 Bn | 37.45 Bn | - | -4.14 Mn |
| 9 | United Airlines Holdings | 31.88 Bn | -25.82 Bn | - | -3.51 Bn |
| 10 | Southwest Airlines | 20.25 Bn | 6.27 Bn | - | -167.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -167.00 Mn |
| Jun 30, 2026 | 463.00 Mn |
| Mar 31, 2026 | 97.00 Mn |
| Dec 31, 2025 | 329.00 Mn |
| Sep 30, 2025 | -573.00 Mn |
| Jun 30, 2025 | -4.66 Bn |
| Mar 31, 2025 | 625.00 Mn |
| Dec 31, 2024 | -994.00 Mn |
| Sep 30, 2024 | 361.00 Mn |
| Jun 30, 2024 | -225.00 Mn |
| Mar 31, 2024 | -921.00 Mn |
| Dec 31, 2023 | -209.00 Mn |
| Sep 30, 2023 | 339.00 Mn |
| Jun 30, 2023 | 799.00 Mn |
| Mar 31, 2023 | -1.13 Bn |
| Dec 31, 2022 | -951.00 Mn |
| Sep 30, 2022 | -2.79 Bn |
| Jun 30, 2022 | 136.00 Mn |
| Mar 31, 2022 | 618.00 Mn |
| Dec 31, 2021 | -500.00 Mn |
API Access
Southwest Airlines Net Cash Flow 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=net-cash-flow&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-cash-flow", "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=net-cash-flow&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();