Southwest Airlines

LUV Airlines & Travel 2/10 Low Risk
2/10
Sector avg: 4.2/10

Southwest Airlines carries $4.9B in long-term debt, with $4.9B in scheduled principal maturities. Near-term pressure is acute: $2.5B (50% of all maturities) comes due within 24 months. DebtCanary scores LUV at 2/10, suggesting manageable refinancing risk.

Maturity Schedule

Year 1 $321M Year 2 $2.1B Year 3 $766M Year 4 $11M Year 5 $504M Beyond 5 $1.2B
Period Amount Due % of Total
Year 1 (0-12 months) $321M 6.5%
Year 2 (12-24 months) $2.1B 43.6%
Year 3 (24-36 months) $766M 15.5%
Year 4 (36-48 months) $11M 0.2%
Year 5 (48-60 months) $504M 10.2%
Beyond 5 Years $1.2B 23.9%
Total Scheduled Maturities $4.9B 100.0%

Key Metrics

Total Long-Term Debt
$4.9B
Near-Term (12mo)
$321M
Interest Coverage
N/A
Debt/Equity
0.62
Cash Coverage
10.07x
Operating Income
$428M

Score Components

Component Value Weight
Near-Term Maturity Concentration 6.5% 30%
Interest Coverage Ratio N/A 25%
Debt-to-Equity Ratio 0.62 25%
Cash Coverage of Near-Term Debt 10.07x 20%

Related Companies

Delta Air Lines
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2/10
Debt: $13.3B 12mo: $1.4B
United Airlines Holdings
UAL
5/10
Debt: N/A 12mo: $4.1B
American Airlines Group
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6/10
Debt: $24.6B 12mo: $3.6B
Alaska Air Group
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Debt: $5.3B 12mo: $554M
Jetblue Airways
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Debt: N/A 12mo: $755M
Boeing
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7/10
Debt: $53.8B 12mo: $8.4B
RTX
RTX
4/10
Debt: $41.1B 12mo: $3.4B
General Electric
GE
3/10
Debt: $20.5B 12mo: $1.7B

Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2025-12-31. Filing date: 2026-02-05. Data last fetched: 2026-03-29. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for Southwest Airlines →