

While the top- and bottom-line numbers for Southwest (LUV) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Southwest Airlines (LUV) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.43 per share a year ago.

Southwest Airlines Co (NYSE:LUV) reported second-quarter financial results after the closing bell on Wednesday. Here's a look at the key details from the report.

The carrier said it now expects full-year adjusted earnings per share of $3.25 to $4.25, compared with its forecast from January for at least $4.

Southwest Airlines reported a more than 9% increase in second-quarter profit as higher fares are increasingly helping the airline cover its fuel tab.

Strong year-over-year margin expansion despite fuel expense up nearly $900 million All-time record operating and managed business revenues Record Rapid Rewards membership and tier qualifiers Expect full-year adjusted earnings per share 1,2 of $3.25 to $4.25 DALLAS, TEXAS, July 22, 2026 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today reported second quarter 2026 financial results, marking the first full quarter with all transformational initiatives in place. Results reflected record revenue performance, significant earnings growth and margin expansion, broad demand strength, continued cost discipline, and strong Customer engagement with the Company's enhanced product offering.

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Investors interested in the Transportation sector can watch out for second-quarter 2026 earnings reports of LUV, CSX, UNP and AAL.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.