Latest period
−$401.00M
YoY change
-48.6%
5Y CAGR
—
Peak year (2019)
$2.96B
Latest annual
−$831.00M
Free Cash Flow history chart for Southwest Airlines (LUV) from 1989 to 2025
Latest: −$831.00M
Free Cash Flow growth chart for Southwest Airlines (LUV) from 1989 to 2025
Latest: -48.6%
Free Cash Flow history table for Southwest Airlines (LUV) from 1989 to 2025
| 2025 | −$831.00M | -48.6% | +$787.00M | ||
| 2024 | −$1.62B | +354.5% | −$1.26B | ||
| 2023 | −$356.00M | +128.2% | −$200.00M | ||
| 2022 | −$156.00M | -108.6% | −$1.97B | ||
| 2021 | $1.81B | -210.3% | +$3.45B | ||
| 2020 | −$1.64B | -155.5% | −$4.60B | ||
| 2019 | $2.96B | +1.5% | +$43.00M | ||
| 2018 | $2.92B | +73.6% | +$1.24B | ||
| 2017 | $1.68B | -21.7% | −$466.00M | ||
| 2016 | $2.15B | +96.0% | +$1.05B | ||
| 2015 | $1.09B | +2.0% | +$21.00M | ||
| 2014 | $1.07B | +3.0% | +$31.00M | ||
| 2013 | $1.04B | +45.7% | +$327.00M | ||
| 2012 | $716.00M | +71.7% | +$299.00M | ||
| 2011 | $417.00M | -61.0% | −$651.00M | ||
| 2010 | $1.07B | +167.0% | +$668.00M | ||
| 2009 | $400.00M | -116.4% | +$2.84B | ||
| 2008 | −$2.44B | -261.4% | −$3.96B | ||
| 2007 | $1.51B | +21528.6% | +$1.51B | ||
| 2006 | $7.00M | -99.3% | −$1.01B | ||
| 2005 | $1.02B | -264.9% | +$1.64B | ||
| 2004 | −$618.00M | -730.6% | −$716.00M | ||
| 2003 | $98.00M | -218.3% | +$180.85M | ||
| 2002 | −$82.85M | -117.0% | −$569.62M | ||
| 2001 | $486.76M | +197.5% | +$323.12M | ||
| 2000 | $163.64M | -198.5% | +$329.77M | ||
| 1999 | −$166.12M | +172.5% | −$105.16M | ||
| 1998 | −$60.96M | -22.2% | +$17.38M | ||
| 1997 | −$78.34M | +25.9% | −$16.14M | ||
| 1996 | −$62.20M | -77.1% | +$210.00M | ||
| 1995 | −$272.20M | -27.6% | +$103.78M | ||
| 1994 | −$375.98M | +185.9% | −$244.48M | ||
| 1993 | −$131.50M | -9.1% | +$13.20M | ||
| 1992 | −$144.70M | -39.2% | +$93.20M | ||
| 1991 | −$237.90M | +15.6% | −$32.10M | ||
| 1990 | −$205.80M | +119.2% | −$111.90M | ||
| 1989 | −$93.90M | — | — |
- 2025−$831.00M-48.6%
- 2024−$1.62B+354.5%
- 2023−$356.00M+128.2%
- 2022−$156.00M-108.6%
- 2021$1.81B-210.3%
- 2020−$1.64B-155.5%
- 2019$2.96B+1.5%
- 2018$2.92B+73.6%
- 2017$1.68B-21.7%
- 2016$2.15B+96.0%
- 2015$1.09B+2.0%
- 2014$1.07B+3.0%
- 2013$1.04B+45.7%
- 2012$716.00M+71.7%
- 2011$417.00M-61.0%
- 2010$1.07B+167.0%
- 2009$400.00M-116.4%
- 2008−$2.44B-261.4%
- 2007$1.51B+21528.6%
- 2006$7.00M-99.3%
- 2005$1.02B-264.9%
- 2004−$618.00M-730.6%
- 2003$98.00M-218.3%
- 2002−$82.85M-117.0%
- 2001$486.76M+197.5%
- 2000$163.64M-198.5%
- 1999−$166.12M+172.5%
- 1998−$60.96M-22.2%
- 1997−$78.34M+25.9%
- 1996−$62.20M-77.1%
- 1995−$272.20M-27.6%
- 1994−$375.98M+185.9%
- 1993−$131.50M-9.1%
- 1992−$144.70M-39.2%
- 1991−$237.90M+15.6%
- 1990−$205.80M+119.2%
- 1989−$93.90M—
Free Cash Flow values are taken from Southwest Airlines's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Free Cash Flow at Southwest Airlines (LUV)
Free Cash Flow for Southwest Airlines (LUV): headline value −$401.00M · YoY -48.6%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual free cash flow for Southwest Airlines (LUV) came in at −$831.00M – plunged 48.6% year-over-year.
Southwest Airlines free cash flow peaked at $2.96B in 2019; the latest annual figure is −$831.00M in 2025 (128.1% below peak).
$2.96B stands as the all-time-high annual free cash flow, posted in 2019, against a low of −$2.44B during 2008.
Southwest Airlines Free Cash Flow by Year
Southwest Airlines Free Cash Flow 2025: −$831.00M
In 2025, Southwest Airlines reported free cash flow of −$831.00M, plunged 48.6% below 2024.
Southwest Airlines Free Cash Flow 2024: −$1.62B
Southwest Airlines free cash flow in 2024 was −$1.62B, surged 354.5% from 2023.
Southwest Airlines Free Cash Flow 2023: −$356.00M
2023's free cash flow for Southwest Airlines came in at −$356.00M, surged 128.2% from 2022.
Southwest Airlines Free Cash Flow 2022: −$156.00M
Southwest Airlines posted free cash flow of −$156.00M in 2022, plunged 108.6% below 2021.
Southwest Airlines Free Cash Flow 2021: $1.81B
Southwest Airlines free cash flow in 2021 was $1.81B.
See more financial history for Southwest Airlines (LUV).
Sector peers by Free Cash Flow
Industrials peers of Southwest Airlines (LUV), ranked by their latest free cash flow
| $10.27B | |
| $7.94B | |
| $7.26B | |
| $5.50B | |
| $3.55B | |
| $3.23B | |
| −$1.88B | |
| −$13.95B |
- $10.27B
- $7.94B
- $7.26B
- $5.50B
- $3.55B
- $3.23B
- −$1.88B
- −$13.95B
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Southwest Airlines (LUV) Key Financials
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