Southwest Airlines Co. (LUV) Guidance & Earnings Results

On 2026-10-21 Southwest Airlines Co. raised guidance: "Q4 2026 Adj. EPS $0.55-0.80; Q4 RASM +19-21% YoY; Q4 CASM-X +4.0-4.5% YoY; FY26 Adj. EPS $2.60-2.85; FY26 capacity growth ~1.2% (from prior ~1.5%); FY26 net capex…" — from its own filing, as read by EquiReason.

Source: SEC EDGAR filings · figures as of 2026-09-30 · read by EquiReason

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Airlines · Industrials

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Market cap: 20.4B
P/E TTM: 20.4
Dividend yield: 1.7%
52-week: —
Next earnings: 28 Jan, in 96 days

What management guided

each earnings 8-K · figures checked against the filing text

Release	Direction	What they said
21 Oct 26	Raised	Q4 2026 Adj. EPS $0.55-0.80; Q4 RASM +19-21% YoY; Q4 CASM-X +4.0-4.5% YoY; FY26 Adj. EPS $2.60-2.85; FY26 capacity growth ~1.2% (from prior ~1.5%); FY26 net capex $2.5-2.75B
22 Jul 26	Lowered	FY26 adjusted EPS cut to $3.25-$4.25 from at least $4.00; Q3 adjusted EPS guided $0.50-$0.75; Q3 RASM +17.5-19.5% YoY; Q3 CASM-X +3.5-4.0% YoY; Q3 capacity -1% to flat YoY; Q3 fuel cost $3.70-$3.75/gallon; 2026 net capex toward low end of $3.0-$3.5B or below. · full year
22 Apr 26	Reaffirmed	Q2 adjusted EPS $0.35-$0.65; full-year adjusted EPS ~$4.00 (maintained) · full year
28 Jan 26	Raised	2026 adjusted EPS at least $4.00 vs 2025 $0.93 (up >300%)

Southwest Airlines Co. — questions

What guidance did Southwest Airlines Co. give?: On 2026-10-21: "Q4 2026 Adj. EPS $0.55-0.80; Q4 RASM +19-21% YoY; Q4 CASM-X +4.0-4.5% YoY; FY26 Adj. EPS $2.60-2.85; FY26 capacity growth ~1.2% (from prior ~1.5%); FY26 net capex $2.5-2.75B"
When does Southwest Airlines Co. report earnings?: Southwest Airlines Co.'s next earnings report is expected on 2027-01-28.

Every figure on this page comes from Southwest Airlines Co.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.

How these figures are read: methodology · EquiReason.

Important information. Figures on this page are taken from filings submitted to the U.S. Securities and Exchange Commission (SEC) and processed automatically by EquiReason. They may contain errors, omissions or delays, and EquiReason makes no representation or warranty as to their accuracy, completeness or timeliness. Always verify figures against the original filing on SEC EDGAR before relying on them.

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