Southwest Airlines posts record revenue, adjusted EPS of 0.94 dollars

Southwest Airlines released its second-quarter 2026 results on Wednesday, 22 July. Net income was 233 million dollars, or 0.47 dollars per diluted share, while adjusted net income was 465 million dollars, or 0.94 dollars per adjusted share, up from 0.43 dollars a year earlier and above the 0.51 dollar analyst estimate.

Operating revenue rose 16.4 percent year over year to a record 8.4 billion dollars, with adjusted operating revenue up 20.3 percent at 8.7 billion dollars. The results came despite nearly 900 million dollars in additional fuel expense versus a year earlier, in the first full quarter with the airline's transformation initiatives in place.