Form 10-Q · Quarterly report
Southwest Airlines 10-Q, filed Jul 23, 2026
- Filed
- CIK
- 0000092380
- Accession no.
- 0000092380-26-000077
Summary
Southwest Airlines reported improved second-quarter and first-half 2026 GAAP and non-GAAP operating income, net income, and diluted EPS compared with a year earlier, driven by record quarterly operating revenue and higher passenger yields, partially offset by higher fuel and salary costs. It also suspended operations at Chicago O'Hare and Washington Dulles effective June 4, 2026, and put its first Starlink-equipped aircraft into service on June 22, 2026.
Key points
- Southwest Airlines reported second-quarter 2026 GAAP operating income of $285 million, net income of $233 million, and diluted EPS of $0.47, versus $225 million, $213 million, and $0.39 a year earlier.
- On a non-GAAP basis, second-quarter 2026 operating income was $585 million, net income $465 million, and diluted EPS $0.94, compared with $245 million, $230 million, and $0.43 a year earlier.
- Second-quarter 2026 fuel cost per gallon including fuel tax was $3.92, up from $2.32 a year earlier, and the company expected third-quarter 2026 fuel cost per gallon to be between $3.70 and $3.75.
- Southwest suspended operations at Chicago O'Hare International Airport and Washington Dulles International Airport effective June 4, 2026, and entered new partnerships with Singapore Airlines and Air Premia.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Relevant comparative operating statistics for the three and six months ended June 30, 2026 and 2025 are included below. The Company provides these operating statistics because they are commonly used in the airline industry and, as such, allow readers to compare the Company’s performance against its results for the prior year period, as well as against the performance of the Company’s peers. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.