What is Southwest Airlines's net change in cash?

Southwest Airlines (LUV) reported net change in cash of $463M in Q2 2026.

How has Southwest Airlines's net change in cash changed year-over-year?

Southwest Airlines's net change in cash increased by 109.9% year-over-year, from -$4.66B to $463M.

What is the long-term trend for Southwest Airlines's net change in cash?

Over 3 years (2022 to 2025), Southwest Airlines's net change in cash has grown at a 15.5% compound annual growth rate (CAGR), from -$2.99B to -$4.61B.

What does net change in cash mean?

Total increase or decrease in cash during the period — the sum of operating, investing, financing cash flows plus FX effects.

Southwest Airlines LUV Net Change in Cash

Net Change in Cash at other companies

Delta Air LinesDAL

$734M+41.2%

United Airlines HoldingsUAL

$2.3B+1,216%

Alaska Air GroupALK

$619M+308%

JetBlue AirwaysJBLU

-$287M—

ALG

Allegiant TravelALGT

$113.81M+24,167%

Frontier Group Holdings, Inc.ULCC

$183M+249%

Other financials

Income statement

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Revenue$8.4B+16.4%

Operating income$285.0M+26.7%

Net income$233.0M+9.4%

EPS (diluted)$0.47+20.5%

Balance sheet

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Cash & equivalents$3.8B+9.1%

Total debt$6.9B+29.0%

Total equity$7.1B-11.5%

Total assets$30.1B+4.9%

Cash flow

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Operating cash flow$530.0M+32.2%

CapEx$818.0M+23.9%

Free cash flow-$288.0M-11.2%

Valuation

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Market cap$21.71B+34.6%

Enterprise value$24.81B+37.9%

P/E25.9×-15.2×

P/S0.7×+0.1×

Profitability

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Operating margin3.5%+2.3pp

Net margin2.8%+1.4pp

FCF margin-1.5%+0.5pp

Returns & leverage

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Return on equity11.1%+6.9pp

Debt / equity1×+0.3×

Current ratio0.5×-0.1×

Where this comes from

Reported directly by Southwest Airlines in its filing.

Tagged under the XBRL concept us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect.

The official record: Southwest Airlines’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Southwest Airlines's net change in cash?: Southwest Airlines (LUV) reported net change in cash of $463M in Q2 2026.
How has Southwest Airlines's net change in cash changed year-over-year?: Southwest Airlines's net change in cash increased by 109.9% year-over-year, from -$4.66B to $463M.
What is the long-term trend for Southwest Airlines's net change in cash?: Over 3 years (2022 to 2025), Southwest Airlines's net change in cash has grown at a 15.5% compound annual growth rate (CAGR), from -$2.99B to -$4.61B.
What does net change in cash mean?: Total increase or decrease in cash during the period — the sum of operating, investing, financing cash flows plus FX effects.