Southwest Beats Quarterly Earnings and Revenue Expectations, Cuts Profit Outlook
Southwest Airlines reported better-than-expected quarterly earnings and revenue but lowered its profit outlook again, citing rising jet fuel costs. The report also noted progress in the carrier’s turnaround efforts.
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Southwest Airlines Co. announced its third-quarter 2026 financial results, reporting revenue of $8.42 billion, which surpassed the FactSet consensus estimate of $8.25 billion. The company achieved an adjusted earnings per share of $0.66, outperforming the expected $0.57. Despite these quarterly gains, the company adjusted its full-year earnings outlook, citing increased fuel costs as a primary factor. Southwest also provided a fourth-quarter 2026 adjusted earnings per share guidance range of $0.55 to $0.80.
By Janet H. ChoSouthwest Airlines reported better-than-expected quarterly earnings and revenue, and progress across its turnaround efforts, but the carrier again lowered its profit outlook because of rising jet fuel costs.Investors have been eager to hear how the carrier was progressing on its turn…