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Southwest Airlines Devaluations: The Complete Record

Every documented Southwest Airlines points devaluation — dated, sourced, and graded. Updated automatically.

Risk grade

Elevated

Trailing-12mo inflation

0.0%

Total changes

3

Most recent

Mar 4, 2025

Southwest Airlines has made 2 documented changes in the trailing 24 months, most recently Mar 4, 2025. Current risk grade: Elevated.

Cadence: 3 documented devaluations since 2015, averaging 59.3 months apart. (Improvements not counted.)

Questions

How many times has Southwest Airlines devalued?

3 documented devaluations on our documented record since 2015. Improvements are tracked separately and never netted in.

When did Southwest Airlines last devalue?

March 4, 2025 on our documented record: Wanna Get Away earning cut by two-thirds without notice.

What was Southwest Airlines's biggest devaluation?

Fixed-value redemptions replaced by variable award pricing (March 1, 2025) — rated major on our documented record.

The complete record.