DALLAS – October 31, 2026 -- Southwest Airlines (NYSE: LUV) posted record third-quarter operating revenue of $8.4 billion, up 21.2% year-over-year, and widened its operating margin by 4.0 points to 4.5% even as fuel costs rose by $821 million.

Net income was $270 million, or $0.55 diluted EPS. Adjusted net income was $328 million, or $0.66 per share. The adjusted operating margin was 5.4%, up 4.8 points. Fuel cost $3.92 per gallon, against prior assumptions of $3.70 to $3.75, and cut $1.08 from adjusted EPS.