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Southwest Airlines (LUV) Misses Q1 EPS by 2c, Misses on Revenue; Offers FY26 Guidance

April 22, 2026 4:24 PM
(Updated - April 22, 2026 4:25 PM EDT)

Southwest Airlines (NYSE: LUV) reported Q1 EPS of $0.45, $0.02 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $7.2 billion versus the consensus estimate of $7.27 billion.

GUIDANCE:

The following table provides guidance for second quarter 2026:

The Company is guiding adjusted EPS1,2,3 to be in the range of $0.35 to $0.65, based on the forward fuel curve as of April 16, and the current demand and revenue environment. Given the ongoing macroeconomic uncertainty, updating the Company's full-year adjusted EPS guidance of $4.00 would not be productive at this time. Achieving this outcome would require lower fuel prices and/or stronger revenue performance to offset higher fuel expense. The Company expects to provide updates to this guidance as appropriate.

For earnings history and earnings-related data on Southwest Airlines (LUV) click here.

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Earnings Guidance

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