Southwest 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. In the quarter to June 2026, revenue grew 16.4%, EPS grew 20.0%, free cash flow grew 86.8% and total debt rose 44.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for five.
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Southwest Airlines Co. (LUV) Total debt
Southwest Airlines Co.'s total debt at the end of fiscal 2025 was $4.9B, down 26.8% from $6.7B in fiscal 2024. At the end of the quarter to 30 June 2026 it was $5.9B. Over the past ten years it has ranged from $2.8B (fiscal 2019) to $10.7B (fiscal 2021); the current reading is higher than 36% of that period. Southwest Airlines Co. ranks 8th of 18 Airlines companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $4.9B | (26.84%) |
| FY2024 | $6.7B | (16.34%) |
| FY2023 | $8.0B | (1.00%) |
| FY2022 | $8.1B | (24.60%) |
| FY2021 | $10.7B | 0.82% |
| FY2020 | $10.6B | 276.10% |
| FY2019 | $2.8B | (44.29%) |
| FY2018 | $5.1B | 0.40% |
| FY2017 | $5.1B | 13.28% |
| FY2016 | $4.5B | 13.47% |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Jun 2026 | $5.9B | 10.38% |
| Mar 2026 | $5.4B | 9.92% |
| Dec 2025 | $4.9B | 19.48% |
| Sep 2025 | $4.1B | (0.02%) |
| 42 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| AAL American Airlines Group Inc. compare | $28.9B |
| UAL United Airlines Holdings Inc compare | $26.5B |
| ZNH China Southern Airlines Company Limited compare | $21.9B |
| DAL Delta Air Lines, Inc. compare | $12.9B |
| LTM LATAM Airlines Group S.A. compare | $7.3B |
| ALK Alaska Air Group, Inc. compare | $6.2B |
| LUV Southwest Airlines Co. | $5.9B |
| CPA Copa Holdings, S.A. compare | $2.3B |
| RYAAY Ryanair Holdings PLC compare | $44.5M |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
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