Southwest Airlines Co (WBO:LUV) Interest Expense : €-217 Mil (TTM As of Mar. 2024)

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What is Southwest Airlines Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Southwest Airlines Co's interest expense for the three months ended in Mar. 2024 was € -53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-217 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Southwest Airlines Co's Operating Income for the three months ended in Mar. 2024 was € -362 Mil. Southwest Airlines Co's Interest Expense for the three months ended in Mar. 2024 was € -53 Mil. Southwest Airlines Co did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Southwest Airlines Co Interest Expense Historical Data

The historical data trend for Southwest Airlines Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southwest Airlines Co Interest Expense Chart

Southwest Airlines Co Annual Data

Trend

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Interest Expense

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-73.80

-258.11

-381.44

-284.14

-216.41

Southwest Airlines Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-56.04	-55.38	-55.28	-53.19	-53.36

Southwest Airlines Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-217 Mil.

Southwest Airlines Co (WBO:LUV) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Southwest Airlines Co's Interest Expense for the three months ended in Mar. 2024 was €-53 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-362 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €8,213 Mil.

Southwest Airlines Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Southwest Airlines Co did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Southwest Airlines Co (WBO:LUV) Business Description

Industry

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Traded in Other Exchanges

LUV:USA LUV:Mexico SWN:Germany S1OU34:Brazil

Address

P.O. Box 36611, Dallas, TX, USA, 75235-1611

Website

https://www.southwest.com

Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates over 700 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights, using a point-to-point network. Southwest operates a low-cost carrier business model.