Monitor second-quarter earnings for any revision to the maintained $4.00 full-year EPS guidance, as current performance is offset by higher-than-expected fuel costs.
Price Chart
Executive Summary
Southwest Airlines reported first-quarter 2026 results, delivering $0.45 EPS in line with guidance, a 12.8% revenue beat, and 8.1-point operating margin expansion, driven by business transformation initiatives. The company maintained its full-year EPS guidance of $4.00 despite higher fuel costs.
Key Financial Metrics
Key Facts
- Q1 2026 EPS of $0.45 was in line with guidance
- Revenue of $7.2 billion was 12.8% above prior year and beat consensus
- Operating margin improved 8.1 points year-over-year to 4.6%
- Fuel costs were $2.73 per gallon, above guidance of $2.40
- Company maintains full-year 2026 adjusted EPS guidance of at least $4.00
Financial Impact
$227 million net income, $7.2 billion revenue, 4.6% operating margin
Risk Factors
- Higher fuel costs ($2.73/gal vs guidance of $2.40) creating $0.22 EPS headwind
- Second-quarter fuel cost guidance of $4.10-$4.15 per gallon significantly above current levels
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000092380-26-000044 |
| Document: luv-20260422.htm | 0000092380-26-000044 |
| Document: 0000092380-26-000044-index-headers.html | 0000092380-26-000044 |
| Document: 0000092380-26-000044-index.html | 0000092380-26-000044 |
| Document: 0000092380-26-000044.txt | 0000092380-26-000044 |
| 8-K Data (Synthetic) | 0000092380-26-000044 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | Court Ruling | $38.61 $41.64 | ▲ +7.85% | ▲ +8.18% | $42.01 (+8.81%) |
Aug 26, 2026 5w ago | Court Ruling | $40.67 $41.55 | ▼ −2.16% | ▼ −2.02% | $42.01 (−3.29%) |
Aug 10, 2026 7w ago | 8-K | $45.52 $38.68 | ▼ −15.03% | ▼ −13.97% | $42.01 (−7.71%) |
Aug 7, 2026 8w ago | Court Ruling | $47.05 $39.62 | ▼ −15.79% | ▼ −15.39% | $42.01 (−10.71%) |
Jul 30, 2026 9w ago | Press Release | $45.60 $39.76 | ▼ −12.81% | ▼ −16.77% | $42.01 (−7.87%) |
Jul 13, 2026 11w ago | Press Release | $47.56 $45.52 | ▲ +4.29% | ▲ +6.78% | $42.01 (+11.67%) |
Jul 13, 2026 11w ago | Court Ruling | $47.92 $44.90 | ▼ −6.30% | ▼ −9.49% | $42.01 (−12.33%) |
Jul 7, 2026 12w ago | Court Ruling | $49.43 $47.07 | ▼ −4.77% | ▼ −6.11% | $42.01 (−15.01%) |
Apr 22, 2026 23w ago | 8-K | $37.65 $39.70 | ▲ +5.45% | ▲ +0.82% | $42.01 (+11.59%) |
Mar 30, 2026 26w ago | Court Ruling | $36.29 $38.00 | ▲ +4.72% | ▼ −7.88% | $42.01 (+15.77%) |
US Market Status
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