Southwest Airlines posts record Q2 revenue and strong earnings despite $900M fuel cost rise

Southwest Airlines reported record second-quarter revenues of $8.4 billion, a 16.4% increase year-over-year, driven by strong demand and expanded loyalty program engagement. Despite a nearly $900 million rise in fuel expenses, the airline achieved significant earnings growth with adjusted net income of $465 million and margin expansion. The company expects full-year adjusted earnings per share between $3.25 and $4.25, slightly below prior guidance, while continuing to optimize its network and product offerings. Southwest also expanded its fleet and destinations, maintaining strong customer satisfaction and loyalty program growth.