Latest period
$6.89B
YoY change
-25.8%
5Y CAGR
-13.3%
Peak year (FY2021)
$12.3B
Latest annual
$5.98B
Total Debt history chart for Southwest Airlines (LUV) from 2016 to 2025
Latest: $5.98B
Total Debt growth chart for Southwest Airlines (LUV) from 2016 to 2025
Latest: -25.8%
Total Debt history table for Southwest Airlines (LUV) from 1985 to 2025
| FY2025 | $5.98B | -25.8% | -$2.08B | ||
| FY2024 | $8.06B | -12.4% | -$1.14B | ||
| FY2023 | $9.2B | -2.9% | -$273M | ||
| FY2022 | $9.47B | -22.9% | -$2.81B | ||
| FY2021 | $12.3B | +0.7% | +$82M | ||
| FY2020 | $12.2B | +205.3% | +$8.2B | ||
| FY2019 | $4B | +18.3% | +$619M | ||
| FY2018 | $3.38B | -7.9% | -$291M | ||
| FY2017 | $3.67B | +8.3% | +$281M | ||
| FY2016 | $3.39B | +6.6% | +$209M | ||
| FY2015 | $3.18B | +18.1% | +$486M | ||
| FY2014 | $2.69B | -4.5% | -$128M | ||
| FY2013 | $2.82B | -10.6% | -$334M | ||
| FY2012 | $3.15B | -15.9% | -$597M | ||
| FY2011 | $3.75B | +11.0% | +$371M | ||
| FY2010 | $3.38B | -3.8% | -$135M | ||
| FY2009 | $3.52B | -4.0% | -$146M | ||
| FY2008 | $3.66B | +75.1% | +$1.57B | ||
| FY2007 | $2.09B | +23.8% | +$402M | ||
| FY2006 | $1.69B | -15.3% | -$306M | ||
| FY2005 | $2B | +8.1% | +$149M | ||
| FY2004 | $1.85B | +20.0% | +$308M | ||
| FY2003 | $1.54B | -8.7% | -$146M | ||
| FY2002 | $1.68B | -8.6% | -$158M | ||
| FY2001 | $1.84B | +111.8% | +$972M | ||
| FY2000 | $870M | -1.2% | -$10.1M | ||
| FY1999 | $880M | +38.5% | +$245M | ||
| FY1998 | $635M | -15.2% | -$114M | ||
| FY1997 | $749M | +13.1% | +$86.9M | ||
| FY1996 | $663M | -1.8% | -$11.9M | ||
| FY1995 | $675M | +13.8% | +$81.8M | ||
| FY1994 | $593M | -9.5% | -$62.5M | ||
| FY1993 | $655M | -7.7% | -$54.7M | ||
| FY1992 | $710M | +13.8% | +$86.3M | ||
| FY1991 | $624M | +83.1% | +$283M | ||
| FY1990 | $341M | -8.0% | -$29.7M | ||
| FY1989 | $370M | -2.4% | -$9.2M | ||
| FY1988 | $380M | +45.5% | +$119M | ||
| FY1987 | $261M | -25.6% | -$89.8M | ||
| FY1986 | $351M | -11.0% | -$43.2M | ||
| FY1985 | $394M | — | — |
- FY2025$5.98B-25.8%
- FY2024$8.06B-12.4%
- FY2023$9.2B-2.9%
- FY2022$9.47B-22.9%
- FY2021$12.3B+0.7%
- FY2020$12.2B+205.3%
- FY2019$4B+18.3%
- FY2018$3.38B-7.9%
- FY2017$3.67B+8.3%
- FY2016$3.39B+6.6%
- FY2015$3.18B+18.1%
- FY2014$2.69B-4.5%
- FY2013$2.82B-10.6%
- FY2012$3.15B-15.9%
- FY2011$3.75B+11.0%
- FY2010$3.38B-3.8%
- FY2009$3.52B-4.0%
- FY2008$3.66B+75.1%
- FY2007$2.09B+23.8%
- FY2006$1.69B-15.3%
- FY2005$2B+8.1%
- FY2004$1.85B+20.0%
- FY2003$1.54B-8.7%
- FY2002$1.68B-8.6%
- FY2001$1.84B+111.8%
- FY2000$870M-1.2%
- FY1999$880M+38.5%
- FY1998$635M-15.2%
- FY1997$749M+13.1%
- FY1996$663M-1.8%
- FY1995$675M+13.8%
- FY1994$593M-9.5%
- FY1993$655M-7.7%
- FY1992$710M+13.8%
- FY1991$624M+83.1%
- FY1990$341M-8.0%
- FY1989$370M-2.4%
- FY1988$380M+45.5%
- FY1987$261M-25.6%
- FY1986$351M-11.0%
- FY1985$394M—
Total Debt values are taken from Southwest Airlines's reported balance sheets (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 Total Debt at Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's latest reported total debt is $6.89B. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — compare with cash on hand for net leverage, and total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Southwest Airlines (LUV) reported total debt of $5.98B – declined 25.8% year-over-year.
Across 2020–2025 (5 years), Southwest Airlines total debt produced a CAGR of -13.3% – with a net decline across the window.
$12.3B stands as the all-time-high annual total debt, posted in 2021, against a low of $261M during 1987.
Southwest Airlines Total Debt by Year
Southwest Airlines Total Debt 2025: $5.98B
Southwest Airlines posted total debt of $5.98B in 2025, declined 25.8% below 2024.
Southwest Airlines Total Debt 2024: $8.06B
In 2024, Southwest Airlines reported total debt of $8.06B, declined 12.4% below 2023.
Southwest Airlines Total Debt 2023: $9.2B
Southwest Airlines total debt in 2023 was $9.2B, edged down 2.9% below 2022.
Southwest Airlines Total Debt 2022: $9.47B
2022's total debt for Southwest Airlines came in at $9.47B, declined 22.9% below 2021.
Southwest Airlines Total Debt 2021: $12.3B
Southwest Airlines total debt in 2021 was $12.3B.
See more financial history for Southwest Airlines (LUV).
Sector peers by Total Debt
Industrials peers of Southwest Airlines (LUV), ranked by their latest total debt
| $63.9B | |
| $54.4B | |
| $43.3B | |
| $39.5B | |
| $31.8B | |
| $22.9B | |
| $20.5B | |
| $11.2B |
- $63.9B
- $54.4B
- $43.3B
- $39.5B
- $31.8B
- $22.9B
- $20.5B
- $11.2B
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