Southwest Airlines (LUV) Non-Current Debt (2009 - 2026)
Southwest Airlines' (LUV) quarterly Non-Current Debt came in at $3.8 billion in Q2 2026, down 7.13% YoY from $4.1 billion in Q2 2025, and down 16.45% on a QoQ basis from $4.5 billion in Q1 2026.
Southwest Airlines (LUV) Non-Current Debt (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Non-Current Debt data on file, last reported at $3.8 billion in Q2 2026.
- Quarterly Non-Current Debt fell 7.13% year-over-year to $3.8 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $3.8 billion (down 7.13% YoY) and the FY2025 annual result came in at $4.6 billion, down 9.71% from the prior year.
- Non-Current Debt slipped to $3.8 billion in Q2 2026, from $4.5 billion in the prior quarter.
- In the past five years, Non-Current Debt ranged from a high of $10.3 billion in Q1 2022 to a low of $3.8 billion in Q2 2026.
- A 5-year average of $6.1 billion and a median of $4.8 billion in 2024 frame the typical range for Non-Current Debt.
- Annual changes were most pronounced in 2024 — Non-Current Debt sank 36.46% — and 2026, when it climbed 11.01%.
- Tracing LUV's Non-Current Debt over 5 years: stood at $8.0 billion in 2022, then declined by 0.85% to $8.0 billion in 2023, then slumped by 36.46% to $5.1 billion in 2024, then slipped by 9.71% to $4.6 billion in 2025, then retreated by 17.19% to $3.8 billion in 2026.
- The last three Non-Current Debt figures came in at $3.8 billion (Q2 2026), $4.5 billion (Q1 2026), and $4.6 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 54.15 Bn | 49.49 Bn | 19.07 Bn | 12.91 Bn |
| 2 | Ryanair Holdings | 29.14 Bn | 25.92 Bn | - | 44.52 Mn |
| 3 | Southwest Airlines | 19.68 Bn | 15.89 Bn | 7.33 Bn | 3.79 Bn |
| 4 | Copa Holdings | 5.37 Bn | 4.11 Bn | 1.03 Bn | 2.07 Bn |
| 5 | Alaska Air | 4.47 Bn | 1.80 Bn | 3.76 Bn | 6.05 Bn |
| 6 | Skywest | 4.02 Bn | 3.41 Bn | 1.01 Bn | 1.65 Bn |
| 7 | Allegiant Travel | 1.83 Bn | 774.80 Mn | 902.77 Mn | 2.78 Bn |
| 8 | Jetblue Airways | 1.80 Bn | -222.52 Mn | 2.32 Bn | 8.48 Bn |
| 9 | Frontier Group Holdings | 1.34 Bn | 384.62 Mn | - | 511.00 Mn |
| 10 | Republic Airways Holdings | 851.55 Mn | 573.95 Mn | 487.40 Mn | 875.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.79 Bn |
| Mar 31, 2026 | 4.54 Bn |
| Dec 31, 2025 | 4.58 Bn |
| Sep 30, 2025 | 4.08 Bn |
| Jun 30, 2025 | 4.08 Bn |
| Mar 31, 2025 | 4.09 Bn |
| Dec 31, 2024 | 5.07 Bn |
| Dec 31, 2023 | 7.98 Bn |
| Dec 31, 2022 | 8.05 Bn |
| Sep 30, 2022 | 8.32 Bn |
| Jun 30, 2022 | 8.88 Bn |
| Mar 31, 2022 | 10.31 Bn |
| Dec 31, 2021 | 10.27 Bn |
| Sep 30, 2021 | 11.01 Bn |
| Jun 30, 2021 | 9.19 Bn |
| Mar 31, 2021 | 10.55 Bn |
| Dec 31, 2020 | 10.11 Bn |
| Sep 30, 2020 | 10.14 Bn |
| Jun 30, 2020 | 8.91 Bn |
| Mar 31, 2020 | 2.29 Bn |