Southwest Airlines (LUV) Times Interest Earned (2009 - 2026)
Southwest Airlines' (LUV) quarterly Times Interest Earned came in at 4.45 in Q2 2026, down 22.81% on a YoY basis from 5.77 in Q2 2025, and down 27.13% quarter-over-quarter from 6.11 in Q1 2026.
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Analysis
Southwest Airlines (LUV) Times Interest Earned (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Times Interest Earned for 18 consecutive years, with 4.45 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Times Interest Earned fell 22.81% year-over-year to 4.45; the trailing twelve-month figure through Jun 2026 stood at 5.2 (up 237.18% YoY), and the FY2025 full-year result was 2.56, up 98.8% from the prior year.
- Times Interest Earned fell to 4.45 in Q2 2026 per LUV's latest filing, from 6.11 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.
- Historically, Times Interest Earned has averaged 2.22 across 5 years, with a median of 3.16 in 2026.
- The sharpest annual moves came in 2022 and 2026: Times Interest Earned sank 460.03% in 2022, then soared 226.06% in 2026.
- Over 5 years, Times Interest Earned stood at 5.66 in 2022, then dropped by 8.11% to 6.12 in 2023, then jumped by 178.3% to 4.79 in 2024, then jumped by 73.56% to 8.32 in 2025, then tumbled by 46.47% to 4.45 in 2026.
- According to Business Quant data, Times Interest Earned over the past three periods registered 4.45, 6.11, and 8.32 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 55.19 Bn | 50.52 Bn | 19.07 Bn | - |
| 2 | Ryanair Holdings | 29.15 Bn | 25.22 Bn | - | - |
| 3 | Southwest Airlines | 20.59 Bn | 16.79 Bn | 7.33 Bn | 4.45 |
| 4 | Copa Holdings | 5.56 Bn | 4.30 Bn | 1.03 Bn | 3.25 |
| 5 | Alaska Air | 4.68 Bn | 2.01 Bn | 3.76 Bn | -1.95 |
| 6 | Skywest | 3.93 Bn | 3.33 Bn | 1.01 Bn | 6.25 |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.39 Bn | 1.35 Bn | - | 0.50 |
| 8 | Allegiant Travel | 2.23 Bn | 1.18 Bn | 902.77 Mn | 0.53 |
| 9 | Jetblue Airways | 1.72 Bn | -304.65 Mn | 2.32 Bn | -0.96 |
| 10 | Frontier Group Holdings | 1.43 Bn | 472.23 Mn | - | -9.70 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.45 |
| 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 |
API Access
Southwest Airlines Times Interest Earned 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=times-interest-earned&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "times-interest-earned", "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=times-interest-earned&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();