• Southwest Airlines average quick ratio for 2023 was 1.15, a 26.28% decline from 2022.
• Southwest Airlines average quick ratio for 2022 was 1.56, a 14.75% decline from 2021.
• Southwest Airlines average quick ratio for 2021 was 1.83, a 16.56% decline from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.