Southwest Airlines shares fall on annual forecast cut
22/07/2026 21:42
BUZZ-Southwest Airlines shares fall on annual forecast cut ** Southwest Airlines LUV.N shares down ~2% in extended trading
** Texas-based carrier forecasts annual adjusted profit between $3.25 and $4.25 per share, compared with at least $4 earlier, amid elevated fuel costs
** Analysts expect 2026 profit of $3.17 per share - data compiled by LSEG
** LUV also forecasts Q3 adjusted earnings of 50 cents to 75 cents per share, below analysts' estimate of 82 cents
** Jet fuel price shock adds nearly $900 million in additional expenses for company in Q2, chipping away $1.17 of adjusted profit per share
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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