Southwest Airlines LUV
NYSE LUV
$40.38 +0.49 (+1.23%)
At close: Aug 21, 2026 · 4:00 PM EDT

Southwest Airlines (LUV) Non Operating Interest Expenses (2019 - 2024)

Southwest Airlines' (LUV) quarterly Non Operating Interest Expenses came in at $65.0 million in Q1 2024, down 1.52% YoY from $66.0 million in Q2 2023, and down 1.52% on a QoQ basis from $66.0 million in Q4 2023.

Southwest Airlines (LUV) Non Operating Interest Expenses (2019 - 2024) Analysis & Trends

Southwest Airlines (LUV) has 6 years of Non Operating Interest Expenses data on file, last reported at $65.0 million in Q1 2024.

  • Quarterly Non Operating Interest Expenses fell 1.52% year-over-year to $65.0 million in Q1 2024, while the trailing twelve-month figure through Mar 2024 was $259.0 million (down 17.25% YoY) and the FY2023 annual result came in at $259.0 million, down 23.82% from the prior year.
  • Non Operating Interest Expenses declined to $65.0 million in Q1 2024, from $66.0 million in the prior quarter.
  • In the past five years, Non Operating Interest Expenses ranged from a high of $124.0 million in Q4 2021 to a low of $28.0 million in Q1 2020.
  • A 5-year average of $87.2 million and a median of $93.0 million in 2022 frame the typical range for Non Operating Interest Expenses.
  • Annual changes were most pronounced in 2020 — Non Operating Interest Expenses soared 307.14% — and 2022, when it sank 45.16%.
  • Tracing LUV's Non Operating Interest Expenses over 5 years: stood at $114.0 million in 2020, then increased by 8.77% to $124.0 million in 2021, then slumped by 45.16% to $68.0 million in 2022, then slipped by 2.94% to $66.0 million in 2023, then dropped by 1.52% to $65.0 million in 2024.
  • The last three Non Operating Interest Expenses figures came in at $65.0 million (Q1 2024), $66.0 million (Q4 2023), and $63.0 million (Q3 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non Operating Interest Expenses (Qtr)
1 Delta Air Lines 53.89 Bn 49.22 Bn 19.07 Bn -
2 Ryanair Holdings 29.45 Bn 26.24 Bn - -
3 Southwest Airlines 19.73 Bn 15.94 Bn 7.33 Bn 64.00 Mn
4 Copa Holdings 5.35 Bn 4.09 Bn 1.03 Bn -28.18 Mn
5 Alaska Air 4.49 Bn 1.83 Bn 3.76 Bn 86.00 Mn
6 Skywest 3.99 Bn 3.38 Bn 1.01 Bn 24.93 Mn
7 Allegiant Travel 1.86 Bn 807.93 Mn 902.77 Mn 40.07 Mn
8 Jetblue Airways 1.83 Bn -189.37 Mn 2.32 Bn 147.00 Mn
9 Frontier Group Holdings 1.36 Bn 408.77 Mn - 10.00 Mn
10 Republic Airways Holdings 853.83 Mn 576.23 Mn 487.40 Mn 16.80 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 116.00 Mn
Mar 31, 2021 114.00 Mn
Dec 31, 2020 114.00 Mn
Sep 30, 2020 111.00 Mn
Jun 30, 2020 96.00 Mn
Mar 31, 2020 28.00 Mn
Dec 31, 2019 28.00 Mn
Sep 30, 2019 30.00 Mn
Jun 30, 2019 31.00 Mn