Southwest Airlines (LUV) Other Working Capital Changes (2010 - 2026)
Southwest Airlines posted quarterly Other Working Capital Changes of $61.0 million for Q1 2026, down 90.76% year-on-year from $660.0 million in Q1 2025, and up 306.67% on a QoQ basis from $15.0 million in Q4 2025.
Southwest Airlines (LUV) has 17 years of Other Working Capital Changes data on file, last reported 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.
- Across five years, Other Working Capital Changes topped out at $885.0 million in Q1 2022 and bottomed at -$458.0 million in Q4 2024.
- The 5-year median for Other Working Capital Changes is -$13.0 million (2024), against an average of $26.4 million.
- The widest annual swing landed in 2024, when Other Working Capital Changes tumbled 2084.21%; it then jumped 1792.31% in 2025.
- A 5-year view of Other Working Capital Changes shows it stood at $52.0 million in 2022, then jumped by 98.08% to $103.0 million in 2023, then sank by 544.66% to -$458.0 million in 2024, then soared by 103.28% to $15.0 million in 2025, then jumped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 61.00 Mn |
| Mar 31, 2026 | 61.00 Mn |
| Dec 31, 2025 | 15.00 Mn |
| Dec 31, 2025 | 15.00 Mn |
| Sep 30, 2025 | -172.00 Mn |
| Sep 30, 2025 | -172.00 Mn |
| Jun 30, 2025 | 85.00 Mn |
| Jun 30, 2025 | 85.00 Mn |
| Mar 31, 2025 | 660.00 Mn |
| Mar 31, 2025 | 660.00 Mn |
| Dec 31, 2024 | -458.00 Mn |
| Dec 31, 2024 | -458.00 Mn |
| Sep 30, 2024 | -377.00 Mn |
| Sep 30, 2024 | -377.00 Mn |
| Jun 30, 2024 | -13.00 Mn |
| Jun 30, 2024 | -13.00 Mn |
| Mar 31, 2024 | -39.00 Mn |
| Mar 31, 2024 | -39.00 Mn |
| Dec 31, 2023 | 103.00 Mn |
| Dec 31, 2023 | 103.00 Mn |
| Sep 30, 2023 | 19.00 Mn |
| Sep 30, 2023 | 19.00 Mn |
| Jun 30, 2023 | -137.00 Mn |
| Jun 30, 2023 | -137.00 Mn |
| Mar 31, 2023 | -50.00 Mn |
| Mar 31, 2023 | -50.00 Mn |
| Dec 31, 2022 | 52.00 Mn |
| Dec 31, 2022 | 52.00 Mn |
| Sep 30, 2022 | -93.00 Mn |
| Sep 30, 2022 | -93.00 Mn |
| Jun 30, 2022 | -92.00 Mn |
| Jun 30, 2022 | -92.00 Mn |
| Mar 31, 2022 | 885.00 Mn |
| Mar 31, 2022 | 885.00 Mn |
| Dec 31, 2021 | -11.00 Mn |
| Dec 31, 2021 | -11.00 Mn |
| Sep 30, 2021 | -442.00 Mn |
| Sep 30, 2021 | -442.00 Mn |
| Jun 30, 2021 | -16.00 Mn |
| Jun 30, 2021 | -16.00 Mn |
| Mar 31, 2021 | 599.00 Mn |
| Mar 31, 2021 | 599.00 Mn |
| Dec 31, 2020 | 1.99 Bn |
| Dec 31, 2020 | 1.99 Bn |
| Sep 30, 2020 | 216.00 Mn |
| Sep 30, 2020 | 216.00 Mn |
| Jun 30, 2020 | 667.00 Mn |
| Jun 30, 2020 | 667.00 Mn |
| Mar 31, 2020 | 701.00 Mn |
| Mar 31, 2020 | 701.00 Mn |
| Dec 31, 2019 | 544.00 Mn |
| Dec 31, 2019 | 544.00 Mn |
| Sep 30, 2019 | -43.00 Mn |
| Sep 30, 2019 | -43.00 Mn |
| Jun 30, 2019 | -29.00 Mn |
| Jun 30, 2019 | -29.00 Mn |
| Mar 31, 2019 | -29.00 Mn |
| Mar 31, 2019 | -29.00 Mn |
| Dec 31, 2018 | -18.00 Mn |
| Dec 31, 2018 | -18.00 Mn |
| Sep 30, 2018 | 73.00 Mn |
| Sep 30, 2018 | 73.00 Mn |
| Jun 30, 2018 | 35.00 Mn |
| Jun 30, 2018 | 35.00 Mn |
| Mar 31, 2018 | -40.00 Mn |
| Mar 31, 2018 | -40.00 Mn |
| Dec 31, 2017 | -32.00 Mn |
| Dec 31, 2017 | -32.00 Mn |
| Sep 30, 2017 | -8.00 Mn |
| Sep 30, 2017 | -8.00 Mn |
| Jun 30, 2017 | 119.00 Mn |
| Jun 30, 2017 | 119.00 Mn |
| Mar 31, 2017 | 81.00 Mn |
| Mar 31, 2017 | 81.00 Mn |
| Dec 31, 2016 | 58.00 Mn |
| Dec 31, 2016 | 58.00 Mn |
| Sep 30, 2016 | 16.00 Mn |
| Sep 30, 2016 | 16.00 Mn |
| Jun 30, 2016 | 49.00 Mn |
| Jun 30, 2016 | 49.00 Mn |
| Mar 31, 2016 | -4.00 Mn |
| Mar 31, 2016 | -4.00 Mn |
| Dec 31, 2015 | 293.00 Mn |
| Dec 31, 2015 | 293.00 Mn |
| Sep 30, 2015 | -308.00 Mn |
| Sep 30, 2015 | -308.00 Mn |
| Jun 30, 2015 | 7.00 Mn |
| Jun 30, 2015 | 7.00 Mn |
| Mar 31, 2015 | -35.00 Mn |
| Mar 31, 2015 | -35.00 Mn |
| Dec 31, 2014 | -284.00 Mn |
| Dec 31, 2014 | -284.00 Mn |
| Sep 30, 2014 | -6.00 Mn |
| Sep 30, 2014 | -6.00 Mn |
| Jun 30, 2014 | 2.00 Mn |
| Jun 30, 2014 | 2.00 Mn |
| Mar 31, 2014 | -7.00 Mn |
| Mar 31, 2014 | -7.00 Mn |
| Dec 31, 2013 | -37.00 Mn |
| Dec 31, 2013 | -37.00 Mn |
| Sep 30, 2013 | 63.00 Mn |
| Sep 30, 2013 | 63.00 Mn |
| Jun 30, 2013 | -6.00 Mn |
| Jun 30, 2013 | -6.00 Mn |
| Mar 31, 2013 | 25.00 Mn |
| Mar 31, 2013 | 25.00 Mn |
| Dec 31, 2012 | -43.00 Mn |
| Dec 31, 2012 | -43.00 Mn |
| Sep 30, 2012 | 74.00 Mn |
| Sep 30, 2012 | 74.00 Mn |
| Jun 30, 2012 | 39.00 Mn |
| Jun 30, 2012 | 39.00 Mn |
| Mar 31, 2012 | -143.00 Mn |
| Mar 31, 2012 | -143.00 Mn |
| Dec 31, 2011 | 245.00 Mn |
| Dec 31, 2011 | 245.00 Mn |
| Sep 30, 2011 | -2.00 Mn |
| Sep 30, 2011 | -2.00 Mn |
| Jun 30, 2011 | 46.00 Mn |
| Jun 30, 2011 | 46.00 Mn |
| Mar 31, 2011 | 92.00 Mn |
| Mar 31, 2011 | 92.00 Mn |
| Dec 31, 2010 | 416.00 Mn |
| Dec 31, 2010 | 416.00 Mn |
| Sep 30, 2010 | 23.00 Mn |
| Sep 30, 2010 | 23.00 Mn |
| Jun 30, 2010 | 5.00 |
| Jun 30, 2010 | 5.00 |