LUV - NYSE
Southwest Airlines Co.
$40.87
-3.5%Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. It also provides inflight entertainment and connectivity services on Wi-Fi enabled aircrafts; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. In addition, the company offers a suite of digital platforms to support customers' travel needs, including websites and apps; and SWABIZ, an online booking tool. Further, it provides ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was incorporated in 1967 and is headquartered in Dallas, Texas.
At a Glance
Live SnapshotSouthwest Airlines Co. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working Capital Impact
Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.
Cash Flow Quality Insight
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
Southwest Airlines Co. Cash Flow Statement
LUV • NYSE
| Southwest Airlines Co. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
441M | 465M | 465M | 539M | 977M | -3.1B | 2.3B | 2.5B | 3.5B | 2.2B | 2.2B | 1.1B | 754M | 421M | 178M | 459M | 99M | 178M | 645M | 499M | |
1.6B | 1.7B | 1.5B | 1.4B | 1.3B | 1.3B | 1.2B | 1.2B | 1.2B | 1.2B | 1B | 938M | 867M | 844M | 715M | 628M | 616M | 587M | 555M | 515M | |
122M | 132M | 159M | 282M | -21M | -716M | -55M | 301M | -1.2B | 455M | -109M | 501M | 50M | 251M | 123M | 133M | 72M | 56M | 328M | 277M | |
0.0 | 0.0 | 0.0 | 84M | 58M | 0.0 | 55M | 46M | 37M | 33M | 29M | 21M | 18M | 16M | 0.0 | 0.0 | 12M | 18M | 80M | 80M | |
-3M | -206M | -231M | 51M | 136M | -261M | -138M | -15M | 258M | 370M | -1B | -510M | 144M | 354M | 267M | 139M | 2M | -226M | -236M | 26M | |
(0.0) | (9M) | (18M) | (20M) | (445M) | (19M) | (779M) | (327M) | (992M) | (902M) | (1.4B) | (155M) | (346M) | (100M) | (13M) | (274M) | (5M) | (71M) | (94M) | (15M) | |
-278M | -1.6B | 1.2B | 1.5B | -100M | 1.7B | 606M | 941M | 227M | 182M | 1.1B | 558M | 680M | 383M | 293M | 216M | 184M | -2.4B | 1.5B | 9M | |
1.8B | 462M | 3.2B | 3.8B | 2.3B | -1.1B | 4B | 4.9B | 3.9B | 4.3B | 3.2B | 2.9B | 2.5B | 2.1B | 1.4B | 1.6B | 985M | -1.5B | 2.8B | 1.4B | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-2.7B | -2B | -3.6B | -3.9B | -511M | -515M | -1B | -2B | -2.2B | -2.1B | -2.1B | -1.8B | -1.4B | -1.3B | -968M | -493M | -585M | -923M | -1.3B | -1.4B | |
(0.0) | (0.0) | (0.0) | (22M) | (505M) | (515M) | (1B) | (1.9B) | (2.1B) | (2B) | -2B | -1.7B | (0.0) | (0.0) | -35M | -2M | (0.0) | (0.0) | -21M | -20M | |
-470M | -5B | -7B | -5.6B | -5.8B | -5.1B | -2.1B | -2.4B | -2.4B | -2.4B | -2B | -3.1B | -3.1B | -2.5B | -5.4B | -5.6B | -6.1B | -5.9B | -5.1B | -4.5B | |
1.7B | 6B | 7.6B | 5.8B | 5.1B | 4.3B | 2.4B | 2.3B | 2.2B | 2.3B | 2.2B | 3.2B | 3.2B | 3B | 5.3B | 4.9B | 5.1B | 5.8B | 4.9B | 4.4B | |
21M | 797M | 0.0 | -22M | -505M | 728M | -627M | -1.9B | -2.1B | -2B | 2B | 1.7B | 63M | 32M | -35M | 2M | 2M | 0.0 | 21M | 41M | |
-1.4B | -261M | -2.9B | -3.7B | -1.3B | -16M | -303M | -2B | -2.4B | -2.3B | -1.9B | -1.7B | -1.4B | -833M | -1.1B | -1.3B | -1.6B | -978M | -1.5B | -1.5B | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-2.5B | -190M | 48M | 45M | 51M | 1.9B | -2B | -2B | -1.6B | -1.7B | -1.1B | -845M | -444M | -373M | -205M | 55M | 20M | 63M | -862M | -540M | |
-1.8B | -1.3B | -85M | -3.1B | 231M | 8.1B | -615M | -342M | 8M | -76M | 287M | -261M | -313M | -578M | -621M | -199M | 336M | 1.4B | 378M | -307M | |
-399M | -430M | -428M | (0.0) | (0.0) | -188M | -372M | -332M | -274M | -222M | -180M | -139M | -71M | -22M | -14M | -13M | -13M | -13M | -14M | -14M | |
-2.6B | -250M | (0.0) | (0.0) | (0.0) | -451M | -2B | -2B | -1.6B | -1.8B | -1.2B | -955M | -540M | -400M | -225M | (0.0) | (0.0) | -54M | -1B | -800M | |
-26M | -23M | 29M | 8M | 77M | -144M | -43M | 143M | 131M | 95M | 3M | -3M | -23M | 26M | 74M | 8M | -13M | 168M | 5M | 60M | |
-4.7B | -2B | -436M | -3B | 359M | 9.7B | -3B | -2.5B | -1.7B | -1.9B | -1B | -1.2B | -864M | -947M | -766M | -149M | 330M | 1.7B | -493M | -801M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
-4.3B | -1.8B | -204M | -3B | 1.4B | 8.5B | 694M | 359M | -185M | 97M | 301M | -73M | 242M | 284M | -432M | 147M | -254M | -845M | 823M | -890M | |
7.5B | 9.3B | 9.5B | 12.5B | 11.1B | 2.5B | 1.9B | 1.5B | 1.7B | 1.6B | 1.3B | 1.4B | 1.1B | 829M | 1.3B | 1.1B | 1.4B | 2.2B | 1.4B | 2.3B | |
3.2B | 7.5B | 9.3B | 9.5B | 12.5B | 11.1B | 2.5B | 1.9B | 1.5B | 1.7B | 1.6B | 1.3B | 1.4B | 1.1B | 829M | 1.3B | 1.1B | 1.4B | 2.2B | 1.4B | |
-831M | -1.6B | -389M | -156M | 1.8B | -1.6B | 3B | 2.9B | 1.7B | 2.1B | 1.1B | 1.1B | 1B | 716M | 417M | 1.1B | 400M | -2.4B | 1.5B | 7M |
SEC Filings
LUV - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 19, 2026 | May 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 11, 2026 | May 07, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 23, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 22, 2026 | April 22, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 27, 2026 | May 07, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 12, 2026 | March 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 10, 2026 | February 09, 2026 | 2026 | |
10-K/A 10-K/A 2025 FY (Amended) FY | February 06, 2026 | December 31, 2025 | 2025 | |
10-K 10-K 2025 FY FY | February 05, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 28, 2026 | January 28, 2026 | 2026 |
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