Southwest Airlines reported second-quarter earnings and revenue below Wall Street projections, though travel demand has reportedly stabilized. The airline announced a $2 billion share buyback. Despite missing expectations (43 cents EPS vs. 51 cents expected, $7.24B revenue vs. $7.3B expected), Southwest anticipates third-quarter unit revenue to remain relatively flat, ranging from a 2% decrease to a 2% increase compared to the same period last year. The company previously withdrew its 2025 guidance due to economic uncertainty.

Prepared by Christopher Adams and reviewed by editorial team.