Southwest Airlines Q2 net income falls 42% to $213 million; sets $2.0 billion buyback
Southwest Airlines reported second quarter 2025 net income of $213 million, or $0.39 per diluted share, down from $367 million, or $0.58 per share, a year earlier, and operating revenues fell 1.5 percent to $7.2 billion. The company updated its full year 2025 EBIT guidance to $600 million to $800 million and authorized a new $2.0 billion share repurchase program expected to be completed over up to two years.
Key points
- Net income was $213 million, or $0.39 per diluted share, versus $367 million, or $0.58, in second quarter 2024; excluding special items, net income was $230 million, or $0.43 per diluted share.
- Second quarter 2025 operating revenues were $7.2 billion, down 1.5 percent year-over-year.
- Full year 2025 EBIT guidance was updated to $600 million to $800 million.
- The Board authorized a new $2.0 billion share repurchase program, expected to be completed over up to two years.
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.