Southwest (LUV) free cash flow was -$831M in FY2025 (+49% YoY). The tables below show the complete quarterly and annual free cash flow history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Free Cash Flow
Fiscal Year
Free Cash Flow
YoY
2025
-$831M
+49%
2024
-$1.6B
-316%
2023
-$389M
-149%
2022
-$156M
-109%
2021
$1.8B
+210%
2020
-$1.6B
-155%
2019
$3.0B
+1%
2018
$2.9B
+74%
2017
$1.7B
-22%
2016
$2.1B
+96%
2015
$1.1B
+2%
2014
$1.1B
+4%
2013
$1.0B
+44%
2012
$716M
+85%
2011
$387M
-64%
2010
$1.1B
+167%
2009
$400M
-74%
2007
$1.5B
Recent Quarterly Free Cash Flow
Quarter
Free Cash Flow
Q2 2026
-$288M
Q1 2026
$788M
Q4 2025
-$564M
Q3 2025
-$391M
Q2 2025
-$259M
Q1 2025
$333M
Q4 2024
$16M
Q3 2024
-$414M
Q2 2024
-$523M
Q1 2024
-$696M
Q4 2023
-$293M
Q3 2023
-$234M
Source: LUV on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.