Other
Flight credits (as a percent)
Southwest Airlines Flight credits (as a percent) decreased by 20.0% to 4.0% in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 42.9%, from 7.0% to 4.0%. Over 5 years (FY 2020 to FY 2025), Flight credits (as a percent) shows an upward trend with a 20.1% CAGR.
Analysis
StatementBalance Sheet Statement
SectionOther
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ4 2019
Last reportedQ1 2026Apr 23, 2026
How to read this metric
Higher percentages indicate a large pool of future revenue potential but also represent a significant outstanding liability.
Detailed definition
The percentage of total ticket revenue represented by outstanding flight credits held by customers for future use. This...
Peer comparison
Specific to airlines with flexible credit policies; indicates customer retention and future booking potential.
Metric ID:
other_residual_travel_fundsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | 15% | 17% | 16% | 9% | 5% | 600% | 9% | 700% | 7% | 7% | 8% | 6% | 6% | 6% | 8% | 7% | 6% | 5% | 5% | 4% |
| QoQ Change | — | +13.3% | -5.9% | -43.8% | -44.4% | >999% | -98.5% | >999% | -99.0% | +0.0% | +14.3% | -25.0% | +0.0% | +0.0% | +33.3% | -12.5% | -14.3% | -16.7% | +0.0% | -20.0% |
| YoY Change | — | — | — | — | -66.7% | >999% | -43.8% | >999% | +40.0% | -98.8% | -11.1% | -99.1% | -14.3% | -14.3% | +0.0% | +16.7% | +0.0% | -16.7% | -37.5% | -42.9% |
Range4% – 700%
CAGR-24.3%
Avg YoY Growth+669.9%
Median YoY Growth-14.3%
Flight credits (as a percent) at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's flight credits (as a percent)?
- Southwest Airlines (LUV) reported flight credits (as a percent) of 4.0% in Q1 2026.
- How has Southwest Airlines's flight credits (as a percent) changed year-over-year?
- Southwest Airlines's flight credits (as a percent) decreased by 42.9% year-over-year, from 7.0% to 4.0%.
- What is the long-term trend for Southwest Airlines's flight credits (as a percent)?
- Over 5 years (2020 to 2025), Southwest Airlines's flight credits (as a percent) has grown at a 20.1% compound annual growth rate (CAGR), from 2.0% to 5.0%.
- What does flight credits (as a percent) mean?
- The portion of revenue held as customer flight credits for future travel.