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Southwest Airlines (LUV) Total Debt (2016 - 2026)

Southwest Airlines has reported Total Debt over the past 18 years, most recently at $5.4 billion for Q1 2026.

  • Quarterly Total Debt fell 19.52% to $5.4 billion in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $5.4 billion through Mar 2026, down 19.52% year-over-year, with the annual reading at $4.9 billion for FY2025, 26.84% down from the prior year.
  • Total Debt was $5.4 billion for Q1 2026 at Southwest Airlines, up from $4.9 billion in the prior quarter.
  • Over five years, Total Debt peaked at $10.7 billion in Q1 2022 and troughed at $4.1 billion in Q3 2025.
  • The 5-year median for Total Debt is $8.0 billion (2024), against an average of $7.4 billion.
  • Biggest five-year swings in Total Debt: decreased 0.11% in 2024 and later tumbled 48.76% in 2025.
  • Tracing LUV's Total Debt over 5 years: stood at $8.1 billion in 2022, then decreased by 1.0% to $8.0 billion in 2023, then decreased by 16.34% to $6.7 billion in 2024, then fell by 26.84% to $4.9 billion in 2025, then increased by 9.92% to $5.4 billion in 2026.
  • According to Business Quant data, Total Debt over the past three periods came in at $5.4 billion, $4.9 billion, and $4.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.