Inferra AI / Company / LUV
Southwest Airlines
LUV · Industrials
Last earnings Jul 22, 2026
Key results
Net incomequarter
$233 million
Net income of $233 million, or $0.47 diluted EPS, adjusted
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
EPSquarter
$0.47
Net income of $233 million, or $0.47 diluted EPS, adjusted
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
net income of $465 million, or $0.94 adjusted EPS Record operating
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Revenuequarter
$8.4 billion
revenues of $8.4 billion, up 16.4%, the highest in Company history adjusted operating
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Growthquarter
up 16.4%
revenues of $8.4 billion, up 16.4%, the highest in Company history adjusted operating
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
revenues of $8.7 billion, up 20.3%
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Unit revenuequarter
16.2%
Unit revenues increased 16.2% adjusted unit
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Operating marginquarter
3.4%
Operating margin of 3.4%, up 0.3 points year-over-year adjusted
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Dividendquarter
$889 million
operating margin of 6.7%, up 3.3 points year-over-year despite an $889 million increase in nominal fuel costs Returned $88 million to Shareholders through dividends Managed business revenues reached an all-time quarterly record, increasing 30% year-over-year Strong Rapid Rewards program engagement
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
revenues of $8.4 billion, up 16.4 percent year-over-year adjusted operating
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
AI analysis
Q2 2026 · reported Jul 22, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Jul 22, 2026 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q2 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $233 million | — | — |
| EPS | $0.47 | — | — |
| Revenue | $8.4 billion | — | — |
| Growth | up 16.4% | — | — |
| Unit revenue | 16.2% | — | — |
| Operating margin | 3.4% | — | — |
| Dividend | $889 million | — | — |
Guidance · company-stated
“1,2 for the third quarter to be in the range of $0.50 to $0.75”
Guidance stated in the release's Business Outlook table for third quarter; no direction stated — figures as stated in the table.
Margin
Capital allocation
4 Net capital expenditures include the impact of aircraft sales and sale-leaseback transactions.
The Net present value of aircraft operating leases represents the assumption that all aircraft in the Company s fleet are owned, as it reflects the remaining contractual commitments discounted at the Company's estimated incremental borrowing rate as of the time each individual lease was signed.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue 0.0% computed from stated figures
Event summary
2ND QUARTER 2026 FINANCIAL RESULTS
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
adjusted EPS: “adjusted EPS 1,2 for the third quarter to be in the range of $0.50 to $0.75”
revenues: “revenues of $8.4 billion”
adjusted EPS (“third quarter”)
“adjusted EPS 1,2 for the third quarter to be in the range of $0.50 to $0.75”
revenues (“third quarter”)
“revenues of $8.4 billion”
Guidance stated in the release's Business Outlook table for third quarter; no direction stated — figures as stated in the table.
Capital allocation
4 Net capital expenditures include the impact of aircraft sales and sale-leaseback transactions.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
The Net present value of aircraft operating leases represents the assumption that all aircraft in the Company s fleet are owned, as it reflects the remaining contractual commitments discounted at the Company's estimated incremental borrowing rate as of the time each individual lease was signed.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
16 The Company has also provided gross leverage, which is calculated as adjusted debt divided by trailing twelve month adjusted EBITDAR.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Leverage, adjusted debt, and adjusted EBITDAR are non-GAAP measures of financial performance.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Management believes these supplemental measures can provide a more accurate view of the Company's leverage and risk, since they consider the Company s debt and debt-like obligation profile.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Although adjusted debt, adjusted EBITDAR, and leverage ratios are commonly-used financial measures, definitions of each differ therefore, the Company is providing an explanation of its calculations for non-GAAP adjusted debt and adjusted EBITDAR in the accompanying reconciliation below in order to allow investors to compare and contrast its calculations to the calculations provided by other companies.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Strategy & priorities
com SOUTHWEST AIRLINES REPORTS SECOND QUARTER 2026 RESULTS EARNINGS POWER ON FULL DISPLAY 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 - Southwest Airlines Co.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
(NYSE LUV) today reported second quarter 2026 financial results, marking the first full quarter with all transformational initiatives in place.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
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.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Even in a volatile fuel environment, we delivered significant earnings growth and margin expansion in the second quarter, and are positioned to do so for the remainder of 2026, said Bob Jordan, Southwest Airlines President Chief Executive Officer.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
These forward-looking statements are based on the Company's current estimates, intentions, beliefs, expectations, goals, strategies, and projections for the future and are not guarantees of future performance.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Risks & headwinds
Charges associated with tentative litigation settlements regarding paid short-term military leave to certain Employees 2.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Forward-looking statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them.
SEC original ↗Southwest Airlines — Earnings release (8-K exhibit)EX-99Jul 22, 2026
Legal Proceedings Item 1A.
SEC original ↗Southwest Airlines — 10-Q Quarterly report10-QJul 23, 2026
Revenue is categorized by revenue source as the Company believes this best depicts the nature, amount, timing, and uncertainty of revenue and cash flow.
SEC original ↗Southwest Airlines — 10-Q Quarterly report10-QJul 23, 2026
Boeing continues to experience delays in fulfilling its commitments with regards to delivery of MAX aircraft to the Company, primarily as a result of manufacturing challenges and delays in achieving Federal Aviation Administration ("FAA") certification of one of its new aircraft types, the -7, for which Southwest expects to be the launch customer.
SEC original ↗Southwest Airlines — 10-Q Quarterly report10-QJul 23, 2026
Contingencies The Company is from time to time subject to various legal proceedings and claims arising in the ordinary course of business and records a liability for such claims when it is probable that a loss will be incurred and the amount is reasonably estimable.
SEC original ↗Southwest Airlines — 10-Q Quarterly report10-QJul 23, 2026
Earnings deck slides
0 decks with slide viewSouthwest Airlines — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Southwest Airlines — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Southwest Airlines — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q2 2026
- 8-KLUV
Aug 12, 2026
- 8-KLUV
Aug 10, 2026
- 8-KLUV
Aug 7, 2026
- 10-QLUV
Jul 23, 2026
- 8-KLUV
Jul 22, 2026
- Q1 2026
- 8-KLUV
May 19, 2026
- 8-KLUV
May 11, 2026
- 10-QLUV
Apr 23, 2026
- 8-KLUV
Apr 22, 2026
- Q4 2025
- 8-KLUV
Mar 12, 2026
- 8-KLUV
Feb 10, 2026
- 10-KLUV
Feb 5, 2026
- 8-KLUV
Jan 28, 2026
- Q3 2025
- 8-KLUV
Dec 5, 2025
- 8-KLUV
Nov 3, 2025
- 10-QLUV
Oct 23, 2025
- 8-KLUV
Oct 22, 2025
- Q2 2025
- 10-QLUV
Jul 24, 2025
- 8-KLUV
Jul 23, 2025
- Q1 2025
- 8-KLUV
May 19, 2025
- 8-KLUV
May 19, 2025
- 10-QLUV
Apr 25, 2025
- 8-KLUV
Apr 23, 2025
- Q4 2024
- 8-KLUV
Mar 31, 2025
- 8-KLUV
Mar 11, 2025
- 8-KLUV
Feb 19, 2025
- 8-KLUV
Feb 18, 2025
- 8-KLUV
Feb 10, 2025
- 8-KLUV
Feb 7, 2025
- 10-KLUV
Feb 7, 2025
Earnings releases
6 documentsPresentations
3 documents
Transcripts
0 documentsNo transcripts for Southwest Airlines are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Southwest Airlines by name or ticker. A mention is counted once per document, from the document text the library holds.
“ industry leadership Delta people and culture underpin… …Industry Peer set includes, AAL, LUV, UAL INVESTMENT - GRADE BALANCE SHEET DOUBLE DIGIT MARGINS STEADY DIVIDEND GROWTH 6 DURABLE EARNINGS AND CASH FLOW Note: Adjusted for spec”
See also the earnings calendar for every tracked company’s next earnings date.