Southwest Q2 FY26 net income rises 9.4% to $233 million; revenue climbs 16.4% to $8.43 billion

• Southwest Airlines posted GAAP net income of $233 million for the quarter ended June 30, 2026, up 9.4%, with diluted EPS at $0.47.
• GAAP operating income rose 26.7% to $285 million as revenue climbed 16.4% to $8.43 billion.
• Non-GAAP net income more than doubled to $465 million, reflecting a $285 million breakage revenue reversal treated as a special item.
• Aircraft fuel and related taxes expense surged 67% to $2.22 billion, with fuel costs per gallon rising 69% to $3.92.
• Assigned and extra-legroom seating launched Jan. 27, 2026, lifted yields; first Starlink-equipped aircraft entered service June 22, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southwest Airlines Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000092380-26-000077), on July 23, 2026, and is solely responsible for the information contained therein.