Southwest Airlines forecasts third-quarter profit below expectations as fuel costs soar
22/07/2026 21:10
Southwest Airlines forecasts third-quarter profit below expectations as fuel costs soar July 22 (Reuters) - Southwest Airlines LUV.N forecast third-quarter profit below Wall Street expectations on Wednesday, after renewed U.S.-Iran fighting sent fuel prices higher again, eclipsing the benefits of strong travel demand and gains from assigned seating and extra-legroom offerings.
The Dallas-based carrier expects to post an adjusted profit of 50 cents to 75 cents per share for the July-September quarter. Analysts on average estimate 82 cents per share, according to data compiled by LSEG.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Shilpi Majumdar)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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