Business
SOUTHWEST AIRLINES REPORTS RECORD THIRD QUARTER REVENUE, STRONG EXECUTION OF TRANSFORMATIONAL INITIATIVES CONTINUES
Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its third quarter 2025 financial results, with unit revenues, unit costs, and net income all exceeding its expectations and strong execution continuing across the business.
About this update from Southwest Airlines Company
[{"type":"text","content":"DALLAS, Oct. 22, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its third quarter 2025 financial results, with unit revenues, unit costs, and net income all exceeding its expectations and strong execution continuing across the business.","length":286,"tagName":"p"},{"type":"text","content":" Company Highlights: ","length":19,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income of $54 million, or $0.10 income per diluted share","length":60,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income, excluding special items1, of $58 million, or $0.11 income per diluted share","length":87,"tagName":"p"}]},{"val":[{"type":"text","content":"Record third quarter operating revenues of $6.9 billion","length":55,"tagName":"p"}]},{"val":[{"type":"text","content":"Delivered results ahead of the Company's expectations, driven by both better-than-anticipated unit revenues and unit costs","length":126,"tagName":"p"}]},{"val":[{"type":"text","content":"Returned $439 million to Shareholders through a combination of share repurchases and dividends","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Launched the sale of assigned and extra legroom seating for flights beginning January 27, 2026, with the volume and composition of initial bookings in line with expectations","length":173,"tagName":"p"}]},{"val":[{"type":"text","content":"Reaffirming full year 2025 earnings before interest and taxes, excluding special items ("EBIT"2) guidance range of $600 million to $800 million","length":153,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":748,"olType":false},{"type":"text","content":"Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "We continue to make substantial progress as we execute the most significant transformation in Southwest Airlines' history. We quickly implemented many new product attributes and enhancements, and the results are showing—we delivered a profitable quarter, with both unit revenues and unit costs performing better-than-anticipated, are reaffirming our full year 2025 EBIT2 guidance, and expect meaningful margin expansion in the fourth quarter. We continue to deliver a strong operational performance and are currently in first place year-to-date...