Southwest Airlines Co. · LUV · Next earnings

Southwest Airlines Co. reports Wednesday, Jan 27, 2027

LUV reports after market close with consensus EPS at $0.70 and revenue at $9.21B. Last quarter: Southwest maintains guidance as demand and loyalty initiatives support Q3

Reports After market close83 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $0.70 Calendar consensus
Consensus revenue $9.21B Calendar consensus
Report date Jan 27, 2027 Wednesday, date estimated
Session After market close 83 days away

Where LUV left off: FY2026 Q3

Full report

Southwest maintains guidance as demand and loyalty initiatives support Q3

EPS surprise +15.6% Reported $0.66 vs $0.57
Revenue surprise +2.1% Reported $8.42B vs $8.25B
Stock move +4.3% Event window
Subsequent drift 0.0% Up to 20 sessions

Guidance was maintained; Q4 RASM is expected to grow 19%-21% year over year.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Fuel price volatility could compress margins.
  • On-time performance pressures and heavy maintenance events could affect execution.
  • Macroeconomic headwinds could affect travel demand.

Questions analysts left open

  • Fuel price volatility and its effect on margins.
  • On-time performance pressures and upcoming heavy maintenance events.
  • Potential decline in secondary-market aircraft values and its effect on unit costs.

Ask FN2 about LUV next report

Transcript, numbers and history already loaded
What should I watch for in LUV's next earnings report?How did LUV guide last quarter, and is consensus above or below that?Give me the bull and bear case going into LUV earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the LUV recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Recent LUV quarters

All LUV earnings
+4.3%FY2026 Q3-6.2%FY2026 Q2-4.1%FY2026 Q1+18.7%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.