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Southwest Airlines cuts profit forecast as fuel costs overshadow turnaround gains
Chicago: Southwest Airlines sharply cut its annual profit forecast on Wednesday, as surging fuel costs overshadowed gains from higher airfares and a business overhaul. The Dallas-based carrier expects adjusted earnings of $2.60 to $2.85 per share in 2026, down from its earlier forecast of $3.25 to $4.25. The midpoint of the new range is below analysts’ average estimate of $2.85 per share, according to data compiled by LSEG. Southwest also forecast fourth-quarter earnings below Wall Street expectations, underscoring the challenge facing US airlines as rising fuel costs eat into revenue from...
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