Southwest Airlines (LUV) Non Operating Interest Expenses (2009 - 2026)
Southwest Airlines (LUV) recorded Non Operating Interest Expenses of $64 million in Q2 2026, up 64.1% from $39 million a year earlier and up 18.5% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Non Operating Interest Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Southwest Airlines' Non Operating Interest Expenses came in at $200 million as of Jun 30, 2026, down 2.9% year-over-year; for FY2025, it came in at $167 million, down 32.9% from FY2024.
- Annual Non Operating Interest Expenses has declined for three straight years, with a three-year compound annual growth rate of -21.1% (FY2022 to FY2025).
- Across earlier years, Non Operating Interest Expenses came in at $249 million in FY2024 (-3.9%), $259 million in FY2023 (-23.8%) and $340 million in FY2022.
- The Q2 2026 figure is the highest quarterly Non Operating Interest Expenses since Q1 2024.
- On a year-over-year basis, Non Operating Interest Expenses rose in two of the last eight quarters, with an average decline of 7.7%.
- Peak year-over-year performance for Non Operating Interest Expenses in the last five years was growth of 64.1% in Q2 2026, against a decline of 44.4% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $54 million (Q1 2026), $47 million (Q4 2025) and $35 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 313.00 Mn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 211.00 Mn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | - |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 272.00 Mn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 197.00 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | - |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | - |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 76,000.00 |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | -17.32 Mn |
| 10 | Southwest Airlines | 20.39 Bn | 7.02 Bn | - | 64.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Dec 31, 2019 | 28.00 Mn |
| Sep 30, 2019 | 30.00 Mn |
| Jun 30, 2019 | 31.00 Mn |
| Mar 31, 2019 | 31.00 Mn |
| Dec 31, 2018 | 32.00 Mn |
| Sep 30, 2018 | 33.00 Mn |
| Jun 30, 2018 | 33.00 Mn |
API Access
Southwest Airlines Non Operating Interest Expenses 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=non-operating-interest-expenses&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-interest-expenses", "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=non-operating-interest-expenses&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();