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Southwest Airlines Long-Term Debt 2008-2026 | LUV

Annual FY2008–FY2025 · quarterly through Q3 FY2026

Latest annual · FY2025

$4.58B

−9.7%YoY vs FY2024Source: 10-KFY2025

From $3.50B in FY2008 to $4.58B in FY2025: 1.3× in 17 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$4.5B+11.0%$3.8B−7.1%$3.7B−8.5%Not reported
FY25$4.1B−48.8%$4.1B−19.4%$4.1B−19.6%$4.6B−9.7%
FY24$8.0B−0.3%$5.1B−36.6%$5.1B−36.4%$5.1B−36.5%
FY23$8.0B−22.4%$8.0B−9.9%$8.0B−4.0%$8.0B−0.8%
FY22$10.3B−2.2%$8.9B−3.4%$8.3B−24.5%$8.0B−21.7%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date.

Key Statistics

Trend DirectionDeclining
CAGR

−14.7%

FY2020
$10.11B
FY2025
$4.58B

5 years selected · on the chart

Long-Term Debt History

Year-over-year comparison from 10-K annual reports

  1. $4.58B
YoY changeLargest recent move+447.7%in FY20Latest −9.7%

1 older move runs past ±150% (largest +447.7%); point at, tap or drag across the bars to read one.

Long-Term Debt, period by period

PeriodValueChangeSource
FY2025$4.58B−9.7%10-K
FY2024$5.07B−36.5%10-K
FY2023$7.98B−0.8%10-K
FY2022$8.05B−21.7%10-K
FY2021$10.27B+1.6%10-K
FY2020$10.11B+447.7%10-K
FY2019$1.85B−33.4%10-K
FY2018$2.77B−16.5%10-K
FY2017$3.32B+17.7%10-K
FY2016$2.82B+11.0%10-K
FY2015$2.54B+4.4%10-K
FY2014$2.43B+11.1%10-K
FY2013$2.19B−24.0%10-K
FY2012$2.88B−7.2%10-K
FY2011$3.11B+8.1%10-K
FY2010$2.88B−13.5%10-K
FY2009$3.33B−4.9%10-K
FY2008$3.50B—10-K

What is long-term debt?

Long-term debt includes bonds, mortgages, and other borrowings with maturities greater than one year.

What is Southwest Airlines's current long-term debt?

Southwest Airlines (LUV) annual long-term debt for 2025 was $4.58B, a 9.71% decline from 2024. Southwest Airlines long-term debt for the quarter ending September 30, 2026 was $3.73B.

What was Southwest Airlines's long-term debt in 2024?

Southwest Airlines annual long-term debt for 2024 was $5.07B, a 36.46% decline from 2023.

What was Southwest Airlines's long-term debt in 2023?

Southwest Airlines annual long-term debt for 2023 was $7.98B, a 0.85% decline from 2022.

What is Southwest Airlines's 5-year long-term debt CAGR?

Southwest Airlines long-term debt grew at a compound annual growth rate (CAGR) of 14.66% from FY2020 to FY2025, going from $10.11B to $4.58B over 5 years.

Company
Southwest Airlines
Ticker
LUV
Sector
Other
Industry
Air Transportation, Scheduled