Southwest Airlines forecasts quarterly earnings below estimates on higher fuel
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
In this article LUV Follow your favorite stocks CREATE FREE ACCOUNT A Southwest Airlines Boeing 737 airplane lands at Los Angeles International Airport after arriving from Chicago on March 7, 2026 in Los Angeles, California. Kevin Carter | Getty Images Southwest Airlines forecast second-quarter earnings below analyst estimates, citing higher fuel prices, while the carrier held off on updating its full-year 2026 forecast. Southwest expects to earn between 35 cents and 65 cents a share in the current quarter, while analysts polled by LSEG expected 55 cents a share. The airline in January forecast earnings per share of $4 this year, saying that it expected its new initiatives would pay off. Southwest has sought to increase revenue with bag fees and seat assignment fees. "Achieving this outcome would require lower fuel prices and/or stronger revenue performance to offset higher fuel expense. The Company expects to provide updates to this guidance as appropriate," Southwest said in an earnings release Wednesday. Here's what the company reported for first quarter compared with Wall Street expectations, according to consensus estimates from LSEG: Earnings per share: 45 cents vs. 47 cents cents expected Revenue: $7.25 billion vs. $7.27 billion expected Read more CNBC airline news Basic business class is here with new, stripped-down United Polaris fares Pricy airfare, airport chaos test travelers' willingness to fly this year American is 'seriously considering' bringing back seat-back screens to narrow-body fleet United ditches economy seats to make room for bigger premium cabins with new layouts Flights are already getting more expensive after a jet fuel spike. When should you book? This is breaking news. Check back for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Subscribe to CNBC PRO Subscribe to Investing Club Licensing & Reprints CNBC Councils Select Personal Finance Join the CNBC Panel Clos...
Read full article at source