Southwest Airlines Co

LUV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Southwest Airlines Earnings: The Plan Seems to Be Working So Far; Shares Overvalued

Nicolas Owens

Jul 24, 2026

Southwest reported second-quarter results very close to our expectations overall, earning $285 million in operating profit on $8.4 billion in revenue. As in last quarter, its new seating and pricing plan resulted in more empty seats but higher revenue per seat than we had foreseen.

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Southwest Airlines Co

Southwest Airlines Earnings: The Plan Seems to Be Working So Far; Shares Overvalued

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