Southwest Airlines (LUV) Total Debt (2009 - 2026)

Southwest Airlines (LUV) has reported Total Debt for 18 consecutive years, with $5.9 billion the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Total Debt rose 44.92% year-over-year to $5.9 billion; the trailing twelve-month figure through Jun 2026 stood at $5.9 billion (up 44.92% YoY), and the FY2025 full-year result was $4.9 billion, down 26.84% from the prior year.
• Total Debt grew to $5.9 billion in Q2 2026 per LUV's latest filing, from $5.4 billion in the prior quarter.
• Across five years, Total Debt topped out at $10.7 billion in Q1 2022 and bottomed at $4.1 billion in Q3 2025.
• Historically, Total Debt has averaged $7.3 billion across 5 years, with a median of $8.0 billion in 2024.
• The sharpest annual moves came in 2025 and 2026: Total Debt sank 48.76% in 2025, then soared 44.92% in 2026.
• Over 5 years, Total Debt stood at $8.1 billion in 2022, then fell by 1.0% to $8.0 billion in 2023, then slipped by 16.34% to $6.7 billion in 2024, then dropped by 26.84% to $4.9 billion in 2025, then rose by 21.32% to $5.9 billion in 2026.
• According to Business Quant data, Total Debt over the past three periods registered $5.9 billion, $5.4 billion, and $4.9 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.