Southwest Airlines cuts 2026 profit forecast as fuel costs spike
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Southwest Airlines cuts 2026 profit forecast as fuel costs spike Oct 21 (Reuters) - Southwest Airlines LUV.N lowered its annual profit forecast on Wednesday, as a spike in fuel prices continues to erode its margins.
The Dallas-based carrier expects an adjusted profit of $2.60 to $2.85 per share for the full year, from its earlier range of $3.25 to $4.25 per share.
Analysts on average estimate an adjusted profit of $2.85 per share, according to data compiled by LSEG.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Diti Pujara)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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