Q2 FY2026 EarningsQ2 FY26 results missed consensus on the top line but beat on profitability. Revenue reached $8.43B vs. the $8.58B expected, primarily impacted by a $285M one-time breakage revenue reversal. Despite this, adjusted EPS was $0.94, significantly exceeding the $0.52 mean estimate. The performance was driven by record passenger yields (+15.4% YoY) and the successful roll-out of new ancillary products, including bag fees and premium seating, which offset a 67% surge in fuel costs.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Southwest Airlines(LUV) the Revenue is 8.432 B (+16.4%), Miss estimate;the EBIT is 585 M (+138.8%), Beat estimate;the EPS is 0.47 (+20.51%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueMiss expectations
8.43B16.40%
8.58B18.48%
-0.15B2.08%
EBITExceed expectations
0.58B138.78%
0.31B27.88%
+0.27B110.90%
EPSMiss expectations
0.4720.51%
0.503129.00%
-0.03318.49%
Upcoming earnings report - Q3 FY2026
Available dateOct 22, 2026
Estimate Revenue$8.206 B
Estimate EBIT$365.08 M
Estimate EPS$0.575
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ActualEstimateUnit: USD
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EBIT
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EPS
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