In the wake of the increase in Current Liabilities in the second quarter 2026, Quick Ratio fell to 0.29 a new company low.

Within Airline industry 8 other companies have achieved higher Quick Ratio than Southwest Airlines Co in second quarter 2026. While Quick Ratio total ranking in the second quarter 2026 has deteriorated compared to the prior quarter from 525 to 2902.

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LUV Quick Ratio	(Jun 30 2026) Q2	(Mar 31 2026) Q1	(Dec 31 2025) Q4	(Sep 30 2025) Q3	(Jun 30 2025) Q2
Y / Y Current Liabilities Change	242.58 %	-21.13 %	-17.51 %	-41.6 %	-43.29 %
Y / Y Cash & cash equivalent Change	-1.25 %	-59.67 %	-62.97 %	-67.83 %	-61.62 %
Quick Ratio MRQ	0.29	0.65	0.69	0.79	0.99
LUV's Total Ranking	# 2902	# 525	# 1461	# 1676	# 1442
Seq. Current Liabilities Change	158.38 %	10.1 %	22.03 %	-1.32 %	-40.52 %
Seq. Cash & cash equivalent Change	13.91 %	3 %	7.06 %	-21.39 %	-53.48 %

Quick Ratio second quarter 2026 Company Ranking
Within:	No.
Airline Industry	# 9
Transportation Sector	# 35
Overall Market	# 2902

Quick Ratio Statistics
High	Average	Low
5.1	1.17	0.29
(Sep 30 2021)		(Jun 30 2026)

Financial Statements
Southwest Airlines Co 's Current Liabilities	$ 13,268 Millions	Visit LUV's Balance sheet
Southwest Airlines Co 's Cash & cash equivalent	$ 3,791 Millions	Visit LUV's Balance sheet
Source of LUV's Sales		Visit LUV's Sales by Geography

Cumulative Southwest Airlines Co 's Quick Ratio

LUV's Quick Ratio for the trailling 12 Months

LUV Quick Ratio	(Jun 30 2026) 12 Months	(Mar 31 2026) 12 Months	(Dec 31 2025) 12 Months	(Sep 30 2025) 12 Months	(Jun 30 2025) 12 Months
Y / Y Current Liabilities TTM Growth	19.07 %	-31.5 %	-19.37 %	-14.57 %	5.78 %
Y / Y Cash & cash equivalent TTM Growth	-55.73 %	-63.1 %	-52.51 %	-42.39 %	-30.93 %
Quick Ratio TTM	0.5	0.77	0.97	1.2	1.34
Total Ranking TTM	# 4096	# 3030	# 376	# 3279	# 2916
Seq. Current Liabilities TTM Growth	53.7 %	-7.29 %	-4.98 %	-12.05 %	-11.57 %
Seq. Cash & cash equivalent TTM Growth	-0.36 %	-26.85 %	-23.05 %	-21.07 %	-16.95 %

Quick ratio ranking by company, industry and sector >> Back to LUV Financial Strength Comparisons >> Go to Compare LUV Quick Ratio to its Competitors

On the trailing twelve months basis Due to in Current Liabilities in the Q2 2026 to $13,268.00 millions, cumulative Quick Ratio decreased to 0.5 below the Southwest Airlines Co average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Airline industry 11 other companies have achieved higher Quick Ratio than Southwest Airlines Co . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2026 from 3030 to 4096.

Explain Quick Ratio?
How much Cash & cash equivalents LUV�s has?
What are LUV�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Airline Industry	# 12
Transportation Sector	# 59
Within the Market	# 4096

trailing twelve months Quick Ratio Statistics
High	Average	Low
1.73	0.75	0.28
(Mar 31 2021)		(Jun 30 2026)

Companies with similar Quick Ratio in the quarter ending Jun 30 2026, within Airline Industry	Quick Ratio	Jun 30 2026 MRQ Cash & cash equivalent	Jun 30 2026 MRQ Current Liabilities
Allegiant Travel Co	0.65	$ 1,053.475 Millions	$ 1,632.131 Millions
United Airlines Holdings Inc	0.60	$ 16,637.000 Millions	$ 27,764.000 Millions
Republic Airways Holdings Inc	0.53	$ 277.600 Millions	$ 520.400 Millions
Jetblue Airways Corp	0.48	$ 2,180.000 Millions	$ 4,534.000 Millions
Alaska Air Group Inc	0.37	$ 2,692.000 Millions	$ 7,192.000 Millions
Skywest Inc	0.33	$ 600.979 Millions	$ 1,800.427 Millions
Southwest Airlines Co	0.29	$ 3,791.000 Millions	$ 13,268.000 Millions
Delta Air Lines Inc	0.14	$ 4,665.000 Millions	$ 33,604.000 Millions
Global Crossing Airlines Group Inc.	0.11	$ 9.925 Millions	$ 89.685 Millions

Date modified: 2026-09-08T15:11:45+00:00

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