Southwest Airlines (LUV) Times Interest Earned (2009 - 2026)
Southwest Airlines posted quarterly Times Interest Earned of $6.11 for Q1 2026, up 226.06% year-on-year from $1.87 in Q1 2025, and down 26.54% on a QoQ basis from $8.32 in Q4 2025.
Southwest Airlines (LUV) has 18 years of Times Interest Earned data on file, last reported at $6.11 in Q1 2026.
- For the quarter ending Q1 2026, Times Interest Earned rose 226.06% year-over-year to $6.11; the trailing twelve-month figure through Mar 2026 stood at $5.61 (up 162.59% YoY), and the FY2025 full-year result was $2.56, up 98.8% from the prior year.
- Times Interest Earned for Q1 2026 stood at $6.11, down from $8.32 in the prior quarter.
- Across five years, Times Interest Earned topped out at $12.45 in Q2 2022 and bottomed at -$6.12 in Q4 2023.
- The 5-year median for Times Interest Earned is $1.86 (2023), against an average of $2.08.
- The widest annual swing landed in 2022, when Times Interest Earned slumped 460.03%; it then surged 226.06% in 2026.
- A 5-year view of Times Interest Earned shows it stood at -$5.66 in 2022, then slipped by 8.11% to -$6.12 in 2023, then soared by 178.3% to $4.79 in 2024, then soared by 73.56% to $8.32 in 2025, then decreased by 26.54% to $6.11 in 2026.
- The last three Times Interest Earned figures came in at $6.11 (Q1 2026), $8.32 (Q4 2025), and $1.0 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (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 | 6.11 |
| 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 | - | 0.28 |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | -3.67 |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 5.06 |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | -7.63 |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -1.56 |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 2.77 |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | -23.58 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.11 |
| Dec 31, 2025 | 8.32 |
| Sep 30, 2025 | 1.00 |
| Jun 30, 2025 | 5.77 |
| Mar 31, 2025 | -4.85 |
| Dec 31, 2024 | 4.79 |
| Sep 30, 2024 | 0.60 |
| Jun 30, 2024 | 6.32 |
| Mar 31, 2024 | -6.05 |
| Dec 31, 2023 | -6.12 |
| Sep 30, 2023 | 1.86 |
| Jun 30, 2023 | 12.23 |
| Mar 31, 2023 | -4.30 |
| Dec 31, 2022 | -5.66 |
| Sep 30, 2022 | 4.59 |
| Jun 30, 2022 | 12.45 |
| Mar 31, 2022 | -1.62 |
| Dec 31, 2021 | 1.57 |
| Sep 30, 2021 | 6.37 |
| Jun 30, 2021 | 5.12 |
| Mar 31, 2021 | 1.75 |
| Dec 31, 2020 | -10.25 |
| Sep 30, 2020 | -12.71 |
| Jun 30, 2020 | -11.74 |
| Mar 31, 2020 | -3.93 |
| Dec 31, 2019 | 23.75 |
| Sep 30, 2019 | 27.30 |
| Jun 30, 2019 | 31.23 |
| Mar 31, 2019 | 16.29 |
| Dec 31, 2018 | 25.63 |
| Sep 30, 2018 | 24.18 |
| Jun 30, 2018 | 29.45 |
| Mar 31, 2018 | 19.25 |
| Dec 31, 2017 | 24.70 |
| Sep 30, 2017 | 30.18 |
| Jun 30, 2017 | 45.00 |
| Mar 31, 2017 | 20.90 |
| Dec 31, 2016 | 29.17 |
| Sep 30, 2016 | 22.42 |
| Jun 30, 2016 | 39.88 |
| Mar 31, 2016 | 31.47 |
| Dec 31, 2015 | 35.38 |
| Sep 30, 2015 | 39.52 |
| Jun 30, 2015 | 37.41 |
| Mar 31, 2015 | 24.38 |
| Dec 31, 2014 | 18.82 |
| Sep 30, 2014 | 19.81 |
| Jun 30, 2014 | 22.79 |
| Mar 31, 2014 | 6.52 |
| Dec 31, 2013 | 11.35 |
| Sep 30, 2013 | 11.14 |
| Jun 30, 2013 | 13.12 |
| Mar 31, 2013 | 2.41 |
| Dec 31, 2012 | 2.60 |
| Sep 30, 2012 | 1.46 |
| Jun 30, 2012 | 12.11 |
| Mar 31, 2012 | 0.55 |
| Dec 31, 2011 | 2.88 |
| Sep 30, 2011 | 4.50 |
| Jun 30, 2011 | 4.06 |
| Mar 31, 2011 | 2.65 |
| Dec 31, 2010 | 5.27 |
| Sep 30, 2010 | 8.26 |
| Jun 30, 2010 | 8.64 Mn |
| Mar 31, 2010 | 1.32 |
| Dec 31, 2009 | 3.63 |
| Sep 30, 2009 | 0.46 |
| Jun 30, 2009 | 2.62 |
| Mar 31, 2009 | 1.14 |