Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Southwest Airlines (LUV)

Southwest Airlines Q3 revenue hits record $6.9 billion; net income falls to $54 million

Mixed Impact 3 of 5 earnings Written later

Southwest reported third quarter 2025 operating revenues of $6.9 billion, a third quarter record and up 1.1% year over year, but net income fell 19.4% to $54 million, or $0.10 per diluted share. The company reaffirmed its full year 2025 EBIT guidance of $600 million to $800 million, which excludes special items, and expects an all-time record quarterly revenue in the fourth quarter.

Key points

  • Q3 2025 net income was $54 million, or $0.10 per diluted share, versus $67 million, or $0.11, in Q3 2024; excluding special items, net income was $58 million, or $0.11 per share, versus $0.15 a year earlier
  • Q3 2025 operating expenses rose 1.2% to $6.9 billion; unit costs excluding fuel, special items and profit sharing rose 2.5%, below the company's guidance range
  • Full year 2025 EBIT guidance of $600 million to $800 million was reaffirmed; Q4 2025 unit revenues are guided up 1% to 3% year over year
  • The company returned $439 million to shareholders in Q3 2025, including $189 million in dividends and $250 million in share repurchases

The filing

CompanySouthwest Airlines (LUV)
Form8-K, current report
Filed with the SECOct 22, 2025, 4:15 PM ET
Accession number0000092380-25-000138

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 October 22, 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.