What is Southwest Airlines's letters of credit outstanding, amount?

Southwest Airlines (LUV) reported letters of credit outstanding, amount of $272.00M in Q4 2025.

How has Southwest Airlines's letters of credit outstanding, amount changed year-over-year?

Southwest Airlines's letters of credit outstanding, amount decreased by 27.9% year-over-year, from $377.00M to $272.00M.

What is the long-term trend for Southwest Airlines's letters of credit outstanding, amount?

Over 5 years (2020 to 2025), Southwest Airlines's letters of credit outstanding, amount has grown at a 14.5% compound annual growth rate (CAGR), from $138.00M to $272.00M.

What does letters of credit outstanding, amount mean?

The total amount of bank-guaranteed payments the company has committed to.

Other

Letters of Credit Outstanding, Amount

Southwest Airlines Letters of Credit Outstanding, Amount decreased by 27.9% to $272.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 27.9%, from $377.00M to $272.00M. Over 5 years (FY 2020 to FY 2025), Letters of Credit Outstanding, Amount shows an upward trend with a 14.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryLiquidity

SignalLower is better

VolatilityStable

First reportedQ4 2015

Last reportedQ4 2025Feb 5, 2026

How to read this metric

An increase suggests higher reliance on external credit facilities to support operational or contractual obligations.

Detailed definition

This represents the total face value of letters of credit issued by the company to guarantee performance or payment to t...

Peer comparison

Common in capital-intensive industries; reflects the company's ability to secure credit and manage counterparty risk.

Metric ID: other_letters_of_credit_outstanding_amount

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$124.00M	$162.00M	$110.00M	$377.00M	$272.00M
QoQ Change	—	+30.6%	-32.1%	+242.7%	-27.9%
YoY Change	—	+30.6%	-32.1%	+242.7%	-27.9%

Range$110.00M – $377.00M

CAGR+119.4%

Avg YoY Growth+53.4%

Median YoY Growth+1.4%

Letters of Credit Outstanding, Amount at Other Companies

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Frequently Asked Questions

What is Southwest Airlines's letters of credit outstanding, amount?: Southwest Airlines (LUV) reported letters of credit outstanding, amount of $272.00M in Q4 2025.
How has Southwest Airlines's letters of credit outstanding, amount changed year-over-year?: Southwest Airlines's letters of credit outstanding, amount decreased by 27.9% year-over-year, from $377.00M to $272.00M.
What is the long-term trend for Southwest Airlines's letters of credit outstanding, amount?: Over 5 years (2020 to 2025), Southwest Airlines's letters of credit outstanding, amount has grown at a 14.5% compound annual growth rate (CAGR), from $138.00M to $272.00M.
What does letters of credit outstanding, amount mean?: The total amount of bank-guaranteed payments the company has committed to.