stockrowSouthwest Airlines Co.
LUV Industrials Airlines
Southwest Airlines Co.’s revenue for fiscal 2025 (year ended December 2025) was $28.1 billion, up 2.11% from fiscal 2024.
- Revenue
- +21.2%
- EPS
- +450.0%
- Free cash flow
- +46.9%
- Total debt
- +43.5%
Quarter to September 2026, against a year earlier
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Southwest Airlines Co. (LUV) Operating cash flow
Southwest Airlines Co.'s operating cash flow for fiscal 2025 was $1.8B, up 298.7% from $462.0M in fiscal 2024. Over the twelve months to 30 September 2026 it was $2.8B. Over the past ten years it has ranged from −$1.1B (fiscal 2020) to $4.9B (fiscal 2018); the current reading is higher than 27% of that period. Southwest Airlines Co. ranks 6th of 18 Airlines companies by operating cash flow.
Operating cash flow, annual
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Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $1.8B | 298.70% |
| FY2024 | $462.0M | (85.40%) |
| FY2023 | $3.2B | (16.52%) |
| FY2022 | $3.8B | 63.22% |
| FY2021 | $2.3B | — |
| FY2020 | −$1.1B | — |
| FY2019 | $4.0B | (18.52%) |
| FY2018 | $4.9B | 24.54% |
| FY2017 | $3.9B | (8.48%) |
| FY2016 | $4.3B | 32.58% |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Sep 2026 | $513.0M | (3.02%) |
| Jun 2026 | $529.0M | (62.69%) |
| Mar 2026 | $1.4B | 380.68% |
| Dec 2025 | $295.0M | 3.15% |
| 43 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| UAL United Airlines Holdings Inc compare | $8.2B |
| DAL Delta Air Lines, Inc. compare | $8.0B |
| AAL American Airlines Group Inc. compare | $4.3B |
| LTM LATAM Airlines Group S.A. compare | $3.8B |
| RYAAY Ryanair Holdings PLC compare | $3.6B |
| LUV Southwest Airlines Co. | $2.8B |
| CPA Copa Holdings, S.A. compare | $1.3B |
| ALK Alaska Air Group, Inc. compare | $940.0M |
| SKYW SkyWest, Inc. compare | $799.1M |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
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- Free cash flow margin
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