Southwest Airlines (LUV) Other Working Capital Changes (2010 - 2026)

Southwest Airlines has reported Other Working Capital Changes for 17 years, with the latest figure at $61.0 million in Q1 2026.

• For the quarter ending Q1 2026, Other Working Capital Changes fell 90.76% year-over-year to $61.0 million; the trailing twelve-month figure through Mar 2026 stood at -$11.0 million (up 94.15% YoY), and the FY2025 full-year result was $157.0 million, up 524.32% from the prior year.
• Other Working Capital Changes for Q1 2026 stood at $61.0 million, up from $15.0 million in the prior quarter.
• The five-year high for Other Working Capital Changes was $885.0 million in Q1 2022, with the low at -$458.0 million in Q4 2024.
• Historically, Other Working Capital Changes has averaged $26.4 million across 5 years, with a median of -$13.0 million in 2024.
• Annual changes were most pronounced in 2024 — Other Working Capital Changes sank 2084.21% — and 2025, when it jumped 1792.31%.
• Southwest Airlines' Other Working Capital Changes stood at $52.0 million in 2022, then soared by 98.08% to $103.0 million in 2023, then slumped by 544.66% to -$458.0 million in 2024, then surged by 103.28% to $15.0 million in 2025, then soared by 306.67% to $61.0 million in 2026.
• The last three Other Working Capital Changes figures came in at $61.0 million (Q1 2026), $15.0 million (Q4 2025), and -$172.0 million (Q3 2025), per Business Quant data.