Southwest Airlines (LUV) Non-Current Debt (2009 - 2026)

Southwest Airlines has reported Non-Current Debt for 18 years, with the latest figure at $4.5 billion in Q1 2026.

• For the quarter ending Q1 2026, Non-Current Debt rose 11.01% year-over-year to $4.5 billion; the trailing twelve-month figure through Mar 2026 stood at $4.5 billion (up 11.01% YoY), and the FY2025 full-year result was $4.6 billion, down 9.71% from the prior year.
• Non-Current Debt for Q1 2026 stood at $4.5 billion, down from $4.6 billion in the prior quarter.
• The five-year high for Non-Current Debt was $10.3 billion in Q1 2022, with the low at $4.1 billion in Q3 2025.
• Historically, Non-Current Debt has averaged $6.6 billion across 5 years, with a median of $8.0 billion in 2024.
• Annual changes were most pronounced in 2025 — Non-Current Debt tumbled 48.76% — and 2026, when it climbed 11.01%.
• Southwest Airlines' Non-Current Debt 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 slipped by 0.9% to $4.5 billion in 2026.
• The last three Non-Current Debt figures came in at $4.5 billion (Q1 2026), $4.6 billion (Q4 2025), and $4.1 billion (Q3 2025), per Business Quant data.