# Southwest Airlines Co. (LUV)

> Industrials · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/LUV/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 15.68B | $ 460.00M | $ 334.00M | $ 6.89B | $ 7.08B |
| 2025 | $ 28.73B | $ 451.55M | $ -849.85M | $ 5.98B | $ 7.98B |
| 2024 | $ 28.89B | $ 487.70M | $ -1.70B | $ 8.06B | $ 10.35B |
| 2023 | $ 28.21B | $ 502.78M | $ -421.69M | $ 9.20B | $ 10.52B |
| 2022 | $ 26.60B | $ 602.12M | $ -175.39M | $ 9.47B | $ 10.69B |
| 2021 | $ 18.77B | $ 1.16B | $ 2.15B | $ 12.28B | $ 10.41B |
| 2020 | $ 11.53B | $ -3.92B | $ -2.09B | $ 12.20B | $ 8.88B |
| 2019 | $ 28.95B | $ 2.97B | $ 3.82B | $ 4.00B | $ 9.83B |
| 2018 | $ 29.01B | $ 3.26B | $ 3.85B | $ 3.38B | $ 9.85B |
| 2017 | $ 28.52B | $ 4.70B | $ 2.26B | $ 3.67B | $ 10.43B |
| 2016 | $ 28.10B | $ 3.08B | $ 2.95B | $ 3.39B | $ 8.44B |
| 2015 | $ 27.83B | $ 3.06B | $ 1.54B | $ 3.18B | $ 7.36B |
| 2014 | $ 26.29B | $ 1.61B | $ 1.51B | $ 2.69B | $ 6.78B |
| 2013 | $ 25.17B | $ 1.07B | $ 1.49B | $ 2.82B | $ 7.34B |
| 2012 | $ 24.67B | $ 606.38M | $ 1.04B | $ 3.15B | $ 6.97B |
| 2011 | $ 23.00B | $ 261.51M | $ 561.22M | $ 3.75B | $ 6.88B |
| 2010 | $ 18.33B | $ 694.99M | $ 1.63B | $ 3.38B | $ 6.24B |
| 2009 | $ 15.67B | $ 93.88M | $ 607.17M | $ 3.52B | $ 5.47B |
| 2008 | $ 16.69B | $ 271.03M | $ -3.70B | $ 3.66B | $ 4.95B |
| 2007 | $ 14.93B | $ 976.62M | $ 2.29B | $ 2.09B | $ 6.94B |
| 2006 | $ 10.70B | $ 663.20M | $ -729.82M | $ 1.69B | $ 6.45B |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.97 |
| Liabilities / Eq | 3.25 |
| Current Ratio | 0.49 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 5.37 |
| Gross Debt / FCF | 8.98 |

## Other views

- [Metrics](https://sponda.capital/en/LUV.md)
- [Charts](https://sponda.capital/en/LUV/charts.md)
- [Compare](https://sponda.capital/en/LUV/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-28.