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. See Southwest Airlines Company (LUV) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see cash flow conversion of Southwest Airlines Company.
Annual Cash Flow Reinvestment Rate for Southwest Airlines Company (1989–2025)
Year-by-year capital reinvestment analysis for Southwest Airlines Company. See Southwest Airlines Company free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
| 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 | — |