Southwest Airlines Company Free Cash Flow Generation Index
Southwest Airlines Company free cash flow generation index. Southwest Airlines Company (LUV) has a Free Cash Flow Generation Index of 0.56x as of March 2026. Free cash flow of $788.00 Million represents 1% of operating cash flow ($1.42 Billion). Check asset resilience ratio of Southwest Airlines Company to evaluate the company's liquid asset resilience ratio.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Free Cash Flow Generation Index of Southwest Airlines Company (1989–2025)
Free cash flow generation index of Southwest Airlines Company from 1989 to 2025. Historical FCF Generation Index trend for Southwest Airlines Company across 35 annual periods. Explore how much does Southwest Airlines Company reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
Southwest Airlines Company Free Cash Flow Generation Index by Year (1989–2025)
Southwest Airlines Company free cash flow generation index by year from 1989 to 2025. Year-by-year Free Cash Flow Generation Index for Southwest Airlines Company. For the full cash flow conversion analysis, see Southwest Airlines Company cash conversion from operations.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.45x | $-831.00 Million | $1.84 Billion | $2.67 Billion | ▲ +87.1% |
| 2024 | -3.50x | $-1.62 Billion | $462.00 Million | $2.08 Billion | ▼ -2748.5% |
| 2023 | -0.12x | $-389.00 Million | $3.16 Billion | $3.55 Billion | ▼ -198.7% |
| 2022 | -0.04x | $-156.00 Million | $3.79 Billion | $3.95 Billion | ▼ -105.3% |
| 2021 | 0.78x | $1.81 Billion | $2.32 Billion | $511.00 Million | ▲ +5.1% |
| 2019 | 0.74x | $2.96 Billion | $3.99 Billion | $1.03 Billion | ▲ +24.5% |
| 2018 | 0.60x | $2.92 Billion | $4.89 Billion | $1.98 Billion | ▲ +39.4% |
| 2017 | 0.43x | $1.68 Billion | $3.93 Billion | $2.25 Billion | ▼ -14.5% |
| 2016 | 0.50x | $2.15 Billion | $4.29 Billion | $2.15 Billion | ▲ +47.8% |
| 2015 | 0.34x | $1.09 Billion | $3.24 Billion | $2.14 Billion | ▼ -8.6% |
| 2014 | 0.37x | $1.07 Billion | $2.90 Billion | $1.83 Billion | ▼ -11.6% |
| 2013 | 0.42x | $1.04 Billion | $2.49 Billion | $1.45 Billion | ▲ +20.7% |
| 2012 | 0.35x | $716.00 Million | $2.06 Billion | $1.35 Billion | ▲ +15.2% |
| 2011 | 0.30x | $417.00 Million | $1.39 Billion | $968.00 Million | ▼ -56.0% |
| 2010 | 0.68x | $1.07 Billion | $1.56 Billion | $493.00 Million | ▲ +68.5% |
| 2009 | 0.41x | $400.00 Million | $985.00 Million | $585.00 Million | ▼ -23.7% |
| 2007 | 0.53x | $1.51 Billion | $2.85 Billion | $1.33 Billion | ▲ +10588.8% |
| 2006 | 0.00x | $7.00 Million | $1.41 Billion | $1.40 Billion | ▼ -98.9% |
| 2005 | 0.46x | $1.02 Billion | $2.23 Billion | $1.21 Billion | ▲ +185.6% |
| 2004 | -0.53x | $-618.00 Million | $1.16 Billion | $1.77 Billion | ▼ -828.2% |
| 2003 | 0.07x | $98.00 Million | $1.34 Billion | $1.24 Billion | ▲ +146.1% |
| 2002 | -0.16x | $-82.85 Million | $520.21 Million | $603.06 Million | ▼ -148.6% |
| 2001 | 0.33x | $486.76 Million | $1.48 Billion | $997.84 Million | ▲ +160.1% |
| 2000 | 0.13x | $163.64 Million | $1.30 Billion | $1.13 Billion | ▲ +176.0% |
| 1999 | -0.17x | $-166.12 Million | $1.00 Billion | $1.17 Billion | ▼ -141.1% |
| 1998 | -0.07x | $-60.96 Million | $886.13 Million | $947.10 Million | ▲ +46.4% |
| 1997 | -0.13x | $-78.34 Million | $610.59 Million | $688.93 Million | ▼ -26.9% |
| 1996 | -0.10x | $-62.20 Million | $615.23 Million | $677.43 Million | ▲ +83.0% |
| 1995 | -0.60x | $-272.20 Million | $456.44 Million | $728.64 Million | ▲ +34.5% |
| 1994 | -0.91x | $-375.98 Million | $412.67 Million | $788.65 Million | ▼ -172.1% |
| 1993 | -0.33x | $-131.50 Million | $392.70 Million | $524.20 Million | ▲ +38.8% |
| 1992 | -0.55x | $-144.70 Million | $264.50 Million | $409.20 Million | ▲ +76.3% |
| 1991 | -2.31x | $-237.90 Million | $103.20 Million | $341.10 Million | ▼ -25.3% |
| 1990 | -1.84x | $-205.80 Million | $111.90 Million | $317.70 Million | ▼ -229.0% |
| 1989 | -0.56x | $-93.90 Million | $168.00 Million | $261.90 Million | — |