Southwest Q2 FY26 net income rises 9.4% to $233 million; revenue climbs 16.4% to $8.43 billion
LUV•Quarterly earnings and revenue
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.
Fuel costs and operating updates
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; the first Starlink-equipped aircraft entered service June 22, 2026.
Non-GAAP results and special item
Non-GAAP net income more than doubled to $465 million, reflecting a $285 million breakage revenue reversal treated as a special item.
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