Southwest Airlines Company (LUV) — Cash Flow Reinvestment Rate
Southwest Airlines Company (LUV) has a Cash Flow Reinvestment Rate of 0.44x as of March 2026, reinvesting $630.00 Million (capex $630.00 Million ) from operating cash flow of $1.42 Billion. Explore capital reinvestment ratio of Southwest Airlines Company to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Southwest Airlines Company Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Southwest Airlines Company across 35 annual periods. Also explore Southwest Airlines Company balance sheet assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Southwest Airlines Company (1989–2025)
Year-by-year capital reinvestment analysis for Southwest Airlines Company. For live market cap and broader valuation context, see Southwest Airlines Company (LUV) total market value.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 2.12x | $3.90 Billion | $1.84 Billion | $2.67 Billion | ▼ -58.3% |
| 2024 | 5.07x | $2.34 Billion | $462.00 Million | $2.08 Billion | ▲ +137.4% |
| 2023 | 2.13x | $6.75 Billion | $3.16 Billion | $3.55 Billion | ▲ +5.2% |
| 2022 | 2.03x | $7.69 Billion | $3.79 Billion | $3.95 Billion | ▲ +272.8% |
| 2021 | 0.54x | $1.26 Billion | $2.32 Billion | $511.00 Million | ▲ +60.6% |
| 2019 | 0.34x | $1.35 Billion | $3.99 Billion | $1.03 Billion | ▼ -18.8% |
| 2018 | 0.42x | $2.04 Billion | $4.89 Billion | $1.98 Billion | ▼ -31.9% |
| 2017 | 0.61x | $2.41 Billion | $3.93 Billion | $2.25 Billion | ▲ +15.8% |
| 2016 | 0.53x | $2.27 Billion | $4.29 Billion | $2.15 Billion | ▼ -28.0% |
| 2015 | 0.74x | $2.38 Billion | $3.24 Billion | $2.14 Billion | ▲ +10.3% |
| 2014 | 0.67x | $1.93 Billion | $2.90 Billion | $1.83 Billion | ▲ +9.8% |
| 2013 | 0.61x | $1.51 Billion | $2.49 Billion | $1.45 Billion | ▼ -32.8% |
| 2012 | 0.90x | $1.86 Billion | $2.06 Billion | $1.35 Billion | ▲ +23.0% |
| 2011 | 0.73x | $1.02 Billion | $1.39 Billion | $968.00 Million | ▼ -89.6% |
| 2010 | 7.03x | $10.97 Billion | $1.56 Billion | $493.00 Million | ▲ +340.6% |
| 2009 | 1.59x | $1.57 Billion | $985.00 Million | $585.00 Million | ▲ +240.9% |
| 2007 | 0.47x | $1.33 Billion | $2.85 Billion | $1.33 Billion | ▼ -53.0% |
| 2006 | 1.00x | $1.40 Billion | $1.41 Billion | $1.40 Billion | ▲ +83.3% |
| 2005 | 0.54x | $1.21 Billion | $2.23 Billion | $1.21 Billion | ▼ -64.6% |
| 2004 | 1.53x | $1.77 Billion | $1.16 Billion | $1.77 Billion | ▲ +65.6% |
| 2003 | 0.93x | $1.24 Billion | $1.34 Billion | $1.24 Billion | ▼ -20.1% |
| 2002 | 1.16x | $603.06 Million | $520.21 Million | $603.06 Million | ▲ +72.5% |
| 2001 | 0.67x | $997.84 Million | $1.48 Billion | $997.84 Million | ▼ -23.1% |
| 2000 | 0.87x | $1.13 Billion | $1.30 Billion | $1.13 Billion | ▼ -25.0% |
| 1999 | 1.17x | $1.17 Billion | $1.00 Billion | $1.17 Billion | ▲ +9.1% |
| 1998 | 1.07x | $947.10 Million | $886.13 Million | $947.10 Million | ▼ -5.3% |
| 1997 | 1.13x | $688.93 Million | $610.59 Million | $688.93 Million | ▲ +2.5% |
| 1996 | 1.10x | $677.43 Million | $615.23 Million | $677.43 Million | ▼ -31.0% |
| 1995 | 1.60x | $728.64 Million | $456.44 Million | $728.64 Million | ▼ -16.5% |
| 1994 | 1.91x | $788.65 Million | $412.67 Million | $788.65 Million | ▲ +43.2% |
| 1993 | 1.33x | $524.20 Million | $392.70 Million | $524.20 Million | ▼ -13.7% |
| 1992 | 1.55x | $409.20 Million | $264.50 Million | $409.20 Million | ▼ -53.2% |
| 1991 | 3.31x | $341.10 Million | $103.20 Million | $341.10 Million | ▲ +16.4% |
| 1990 | 2.84x | $317.70 Million | $111.90 Million | $317.70 Million | ▲ +82.1% |
| 1989 | 1.56x | $261.90 Million | $168.00 Million | $261.90 Million | — |