Southwest Airlines Q2 net income rises to $233 million; full-year EPS guidance cut
Southwest reported second quarter 2026 net income of $233 million, or $0.47 diluted EPS, up from $213 million, or $0.39, a year earlier, on operating revenues of $8.4 billion, up 16.4%. The company lowered its full-year 2026 adjusted EPS guidance to $3.25 to $4.25, replacing its prior expectation of at least $4.00, citing fuel costs in a volatile fuel environment.
Key points
- Q2 2026 net income $233 million, $0.47 diluted EPS, versus $213 million, $0.39 in Q2 2025; adjusted diluted EPS $0.94 versus $0.43
- Q2 operating revenues $8.4 billion, up 16.4%, including a $285 million breakage revenue adjustment that the company excluded from adjusted results
- Full-year 2026 adjusted EPS guidance now $3.25 to $4.25, replacing prior expectation of at least $4.00
- Third quarter 2026 adjusted EPS guidance $0.50 to $0.75; Q2 fuel cost $3.92 per gallon, up $889 million year-over-year
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 22, 2026.
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.