SOUTHWEST AIRLINES CO

LUV Airlines & Travel 3/10 Low Risk
3/10

SOUTHWEST AIRLINES CO has $4.9B in total long-term debt with $4.9B in scheduled maturities. Approximately $321M (7% of maturities) is due within the next twelve months, and operating income covers interest expense 2.0x. Overall, LUV carries low refinancing risk (score 3/10).

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
2.0x
Debt/Equity
0.46
Cash Coverage
23.39x
Operating Income
$224M

Score Components

Component Value Weight
Near-Term Maturity Concentration 6.5% 30%
Interest Coverage Ratio 1.96x 25%
Debt-to-Equity Ratio 0.46 25%
Cash Coverage of Near-Term Debt 23.39x 20%

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Most recent filing date: 2026-02-05. Data last fetched: 2026-03-15. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.