Cash on Hand for Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's latest reported cash and short-term investments is $3.33B USD. Cash on hand here is cash, cash equivalents, and short-term investments reported at the end of each period — the most liquid assets on the balance sheet. Compare with total debt for a net cash/debt picture and with total assets for the share of assets held in cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingCash on HandSwitch metric
Latest period
$3.33B
YoY change
-63.0%
5Y CAGR
-24.7%
Peak year (2021)
$15.50B
Latest annual
$3.23B
Cash on Hand history chart for Southwest Airlines (LUV) from 1985 to 2025
Cash on Hand history table for Southwest Airlines (LUV) from 1985 to 2025
| Fiscal year | Period ended | Reported | Cash on Hand | YoY |
|---|---|---|---|---|
| 2025 | $3.23B | -63.0% | ||
| 2024 | $8.72B | -24.0% | ||
| 2023 | $11.47B | -6.7% | ||
| 2022 | $12.29B | -20.7% | ||
| 2021 | $15.50B | +16.3% | ||
| 2020 | $13.33B | +227.5% | ||
| 2019 | $4.07B | +10.4% | ||
| 2018 | $3.69B | +12.7% | ||
| 2017 | $3.27B | -1.0% | ||
| 2016 | $3.31B | +8.3% | ||
| 2015 | $3.05B | +2.1% | ||
| 2014 | $2.99B | -5.2% | ||
| 2013 | $3.15B | +6.1% | ||
| 2012 | $2.97B | -5.5% | ||
| 2011 | $3.14B | -11.1% | ||
| 2010 | $3.54B | +36.4% | ||
| 2009 | $2.59B | +43.8% | ||
| 2008 | $1.80B | -35.1% | ||
| 2007 | $2.78B | +58.0% | ||
| 2006 | $1.76B | -30.5% | ||
| 2005 | $2.53B | +93.9% | ||
| 2004 | $1.30B | -30.0% | ||
| 2003 | $1.86B | +2.7% | ||
| 2002 | $1.82B | -20.4% | ||
| 2001 | $2.28B | +335.9% | ||
| 2000 | $523.00M | +24.9% | ||
| 1999 | $418.82M | +10.6% | ||
| 1998 | $378.51M | -39.3% | ||
| 1997 | $623.34M | +7.1% | ||
| 1996 | $581.84M | +83.3% | ||
| 1995 | $317.36M | +81.8% | ||
| 1994 | $174.54M | -41.0% | ||
| 1993 | $295.60M | -28.1% | ||
| 1992 | $411.00M | +57.5% | ||
| 1991 | $260.90M | +198.2% | ||
| 1990 | $87.50M | -40.2% | ||
| 1989 | $146.40M | -30.3% | ||
| 1988 | $210.00M | +47.2% | ||
| 1987 | $142.70M | +90.5% | ||
| 1986 | $74.90M | +8.1% | ||
| 1985 | $69.30M | — |
Cash on Hand values are taken from Southwest Airlines's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Southwest Airlines (LUV) cash and short-term investments totalled $3.23B – plunged 63.0% year-over-year.
Over 2020–2025 (5 years), Southwest Airlines cash and short-term investments expanded at a -24.7% compound annual rate, with a net decline across the window.
Southwest Airlines cash and short-term investments plunged from $15.50B in 2021 to $3.23B in 2025, a 79.2% drawdown.
The highest annual cash and short-term investments of $15.50B was reported in 2021. The lowest in the available history was $69.30M in 1985.
Within Industrials, Southwest Airlines (LUV) ranks 7th among 8 peers we track. The peer median for cash and short-term investments is $9.83B.
Southwest Airlines Cash on Hand by Year
Southwest Airlines Cash on Hand 2025: $3.23B
Southwest Airlines cash and short-term investments in 2025 was $3.23B, plunged 63.0% below 2024.
Southwest Airlines Cash on Hand 2024: $8.72B
Southwest Airlines cash and short-term investments in 2024 was $8.72B, declined 24.0% below 2023.
Southwest Airlines Cash on Hand 2023: $11.47B
Southwest Airlines cash and short-term investments in 2023 was $11.47B, declined 6.7% below 2022.
Southwest Airlines Cash on Hand 2022: $12.29B
Southwest Airlines cash and short-term investments in 2022 was $12.29B, declined 20.7% below 2021.
Southwest Airlines Cash on Hand 2021: $15.50B
Southwest Airlines cash and short-term investments in 2021 was $15.50B.
See more financial history for Southwest Airlines (LUV).
Sector peers — Cash on Hand
Companies in the same sector as Southwest Airlines, ranked by their latest cash and short-term investments.
| Company | Cash on Hand | Sector |
|---|---|---|
| The Boeing Company (BA) | $29.40B | Industrials |
| Honeywell International Inc. (HON) | $12.93B | Industrials |
| GE Aerospace (GE) | $12.39B | Industrials |
| Caterpillar Inc. (CAT) | $9.98B | Industrials |
| Deere & Company (DE) | $9.69B | Industrials |
| RTX Corporation (RTX) | $7.43B | Industrials |
| Union Pacific Corporation (UNP) | $1.52B | Industrials |
| Eaton Corporation plc (ETN) | $803.00M | Industrials |
Frequently asked questions
What is Southwest Airlines's cash and short-term investments?
- Latest reported cash and short-term investments for Southwest Airlines (LUV) is $3.33B (period ending March 31, 2026).
How has Southwest Airlines cash and short-term investments changed year-over-year?
- Southwest Airlines (LUV) cash and short-term investments changed -63.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Southwest Airlines cash and short-term investments?
- Southwest Airlines (LUV) cash and short-term investments compound annual growth rate is -24.7% over the most recent 5 years available.
When did Southwest Airlines cash and short-term investments hit its highest annual value?
- Southwest Airlines cash and short-term investments reached its highest annual value of $15.50B in 2021.
What was Southwest Airlines cash and short-term investments in 2024?
- Southwest Airlines (LUV) cash and short-term investments in 2024 was $8.72B.
What was Southwest Airlines cash and short-term investments in 2025?
- Southwest Airlines (LUV) cash and short-term investments in 2025 was $3.23B.
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