In the wake of the increase in Current Liabilities in the third quarter 2026, Quick Ratio fell to 0.26 a new company low.

Within Airline industry 10 other companies have achieved higher Quick Ratio than Southwest Airlines Co in third quarter 2026. While Quick Ratio total ranking has improved so far during the Q3 2026 to 2437, from total ranking in the second quarter 2026 at 2890.

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LUV Quick Ratio	(Sep 30 2026) Q3	(Jun 30 2026) Q2	(Mar 31 2026) Q1	(Dec 31 2025) Q4	(Sep 30 2025) Q3
Y / Y Current Liabilities Change	259.45 %	Subscribe	Subscribe	Subscribe	Subscribe
Y / Y Cash & cash equivalent Change	20.08 %	Subscribe	Subscribe	Subscribe	Subscribe
Quick Ratio MRQ	0.26	Subscribe	Subscribe	Subscribe	Subscribe
LUV's Total Ranking	# 2437	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Current Liabilities Change	3.54 %	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Cash & cash equivalent Change	-4.41 %	Subscribe	Subscribe	Subscribe	Subscribe

Quick Ratio third quarter 2026 Company Ranking
Within:	No.
Airline Industry	# 11
Transportation Sector	# 39
Overall Market	# 3178

Quick Ratio Statistics
High	Average	Low
5.1	1.18	0.26
(Sep 30 2021)		(Sep 30 2026)

Financial Statements
Southwest Airlines Co 's Current Liabilities	$ 13,738 Millions	Visit LUV's Balance sheet
Southwest Airlines Co 's Cash & cash equivalent	$ 3,624 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	(Sep 30 2026) 12 Months	(Jun 30 2026) 12 Months	(Mar 31 2026) 12 Months	(Dec 31 2025) 12 Months	(Sep 30 2025) 12 Months
Y / Y Current Liabilities TTM Growth	85.32 %	Subscribe	Subscribe	Subscribe	Subscribe
Y / Y Cash & cash equivalent TTM Growth	-41.37 %	Subscribe	Subscribe	Subscribe	Subscribe
Quick Ratio TTM	0.38	Subscribe	Subscribe	Subscribe	Subscribe
Total Ranking TTM	# 2519	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Current Liabilities TTM Growth	36.88 %	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Cash & cash equivalent TTM Growth	4.53 %	Subscribe	Subscribe	Subscribe	Subscribe

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 rise in Current Liabilities in the Q3 2026 to $13,738.00 millions, cumulative Quick Ratio decreased to 0.38 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 overall ranking has improved so far to 0, from total ranking during the twelve months ending second quarter 2026 at 4096.

Explain Quick Ratio?
How much Cash & cash equivalents LUV�s has?
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TTM Quick Ratio Company Ranking
Within:	No.
Within the Airline Industry	# 12
Transportation Sector	# 57
Within the Market	#

trailing twelve months Quick Ratio Statistics
High	Average	Low
1.45	0.5	0.22
(Mar 31 2021)		(Dec 31 2017)

Companies with similar Quick Ratio in the quarter ending Sep 30 2026, within Airline Industry	Quick Ratio	Sep 30 2026 MRQ Cash & cash equivalent	Sep 30 2026 MRQ Current Liabilities
Allegiant Travel Co	0.59	$ 854.196 Millions	$ 1,447.724 Millions
Republic Airways Holdings Inc	0.56	$ 290.100 Millions	$ 514.800 Millions
United Airlines Holdings Inc	0.55	$ 14,653.000 Millions	$ 26,639.000 Millions
Frontier Group Holdings Inc	0.45	$ 976.000 Millions	$ 2,168.000 Millions
Jetblue Airways Corp	0.37	$ 1,626.000 Millions	$ 4,424.000 Millions
Skywest Inc	0.32	$ 568.928 Millions	$ 1,754.998 Millions
Alaska Air Group Inc	0.30	$ 2,231.000 Millions	$ 7,545.000 Millions
Southwest Airlines Co	0.26	$ 3,624.000 Millions	$ 13,738.000 Millions
Global Crossing Airlines Group Inc.	0.14	$ 13.344 Millions	$ 97.252 Millions
Delta Air Lines Inc	0.11	$ 3,787.000 Millions	$ 33,575.000 Millions

Date modified: 2026-10-23T15:26:51+00:00

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