Southwest Airlines (LUV) Other Working Capital Changes (2009 - 2026)
Southwest Airlines' Other Working Capital Changes was -$65 million in Q2 2026, compared with -$606 million a year earlier.
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Analysis
Southwest Airlines (LUV) Other Working Capital Changes (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Southwest Airlines' Other Working Capital Changes was $130 million through Jun 30, 2026; for FY2025, it came in at -$1.08 billion.
- In earlier years, Other Working Capital Changes was -$86 million in FY2024, -$175 million in FY2023, $525 million in FY2022 (-11.2%) and $591 million in FY2021 (-63.6%).
- Quarterly Other Working Capital Changes has moved between -$925 million (Q4 2023) and $1.12 billion (Q1 2024) over five years.
- Per Business Quant data, LUV's Other Working Capital Changes in the three quarters before Q2 2026 was $1.09 billion (Q1 2026), -$719 million (Q4 2025) and -$172 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 171.12 Bn | 165.65 Bn | - |
| 2 | Csx | 89.49 Bn | 85.69 Bn | - |
| 3 | United Parcel Service | 84.26 Bn | 61.15 Bn | - |
| 4 | Canadian Pacific Kansas City | 77.36 Bn | 76.38 Bn | - |
| 5 | Norfolk Southern | 73.36 Bn | 68.00 Bn | - |
| 6 | Fedex | 71.31 Bn | 37.25 Bn | - |
| 7 | Delta Air Lines | 50.20 Bn | 32.38 Bn | - |
| 8 | Old Dominion Freight Line | 39.30 Bn | 38.56 Bn | - |
| 9 | United Airlines Holdings | 31.72 Bn | -24.65 Bn | - |
| 10 | Southwest Airlines | 19.31 Bn | 5.94 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -172.00 Mn |
| Mar 31, 2026 | 948.00 Mn |
| Dec 31, 2025 | -905.00 Mn |
| Sep 30, 2025 | -153.00 Mn |
| Jun 30, 2025 | -366.00 Mn |
| Mar 31, 2025 | 742.00 Mn |
| Dec 31, 2024 | -531.00 Mn |
| Sep 30, 2024 | -408.00 Mn |
| Jun 30, 2024 | -330.00 Mn |
| Mar 31, 2024 | 1.03 Bn |
| Dec 31, 2023 | -692.00 Mn |
| Sep 30, 2023 | -183.00 Mn |
| Jun 30, 2023 | -123.00 Mn |
| Mar 31, 2023 | 950.00 Mn |
| Dec 31, 2022 | -269.00 Mn |
| Sep 30, 2022 | -146.00 Mn |
| Jun 30, 2022 | -196.00 Mn |
| Mar 31, 2022 | 736.00 Mn |
| Dec 31, 2021 | -329.00 Mn |
| Sep 30, 2021 | -471.00 Mn |
API Access
Southwest Airlines Other Working Capital Changes 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=other-working-capital-changes&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();