LUV

Southwest Airlines shares fall as weak Q3 outlook overshadows earnings beat

Published: Jul 23, 2026   |  Read Original Article ↗

Article Summary

BUY
  • Southwest Airlines Co. (NYSE: LUV) shares fell about 5% in early trading Thursday after the airline reported stronger-than-expected second-quarter results but issued a third-quarter earnings outlook that fell below Wall Street expectations.
  • Southwest Airlines Co. reported adjusted earnings per share of $0.94 for the second quarter ahead of consensus estimates, with adjusted operating revenue reaching a record $8.7 billion, up 20.3% year over year, while managed business revenues reached an all-time quarterly record, rising 30%.
  • Southwest Airlines Co.'s Rapid Rewards loyalty program also reached its largest size ever at nearly 100 million members, with new enrollments increasing 35% and record numbers of tier qualifiers.
  • Southwest guided for third quarter adjusted earnings of $ 0.50-0.75, while lowering full-year 2026 adjusted EPS outlook to $3.25-4.25 from previous expectation of at least $4, citing higher fuel costs and broader uncertainty.
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Growth Stock Metric Rating
LUV Rating
54.8
WEAK HOLD

Growth Stock Scoring Breakdown

METRIC VALUE WEIGHT ANALYSIS
Sales Growth TTM ? 9.5% 25% 35.0 ptsBelow Screener (9.5%) - Weak growth
EPS Growth Next 5Y ? 78.6% 25% 100.0 ptsExceptional (78.6%) - Very high expectations
Target Price Upside ? 18.1% 20% 60.0 ptsModerate Upside (18.1%) - Target: $53.43 vs Current: $45.26
Gross Margin % ? 18.7% 15% 20.0 ptsThin (18.7%) - Low-margin business
Drawdown from 52-Wk High ? -17.9% 15% 40.0 ptsMild Pullback (-17.9%) - Light entry opportunity
Disclaimer: This rating is for informational purposes only and is not financial advice. All data sourced from Finviz. Always conduct your own research and consult with a financial advisor before making investment decisions. Past performance does not guarantee future results.

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About LUV

Industrials Airlines 77,397 employees Dallas, United States
  • Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and internationally.
  • It also provides Rapid Rewards loyalty program; SWABIZ, an online booking tool; and inflight entertainment platform that includes movies-on-demand live and on-demand television, flight tracker, and additional curated content, as well as a variety of premium snacks and coffee.
  • In addition, the company offers ancillary services, such as in-flight purchases, baggage fees, EarlyBird Check-In, and upgraded boarding, as well as transportation of pets and unaccompanied minors.
  • As of December 31, 2025, the company operated a total fleet of 803 Boeing 737 aircraft; and served 117 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
  • Southwest Airlines Co. was incorporated in 1967 and is headquartered in Dallas, Texas.
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