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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Southwest Airlines (LUV) is 8/10.
Record Q1 revenue of $7.2 billion with RASM up 11.2% drove 8.1 points of operating margin expansion year-over-year, while the customer buy-up rate tripled from 20% to 60%. Corporate revenue grew 16% in Q1 and 25% in March, while CASM-X of +2.3% significantly beat the 3.5% guide. Management maintained the full-year $4 EPS target but chose not to formally update it due to fuel price volatility.
Scored from Southwest Airlines’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $6.93B | +1.6% | $0.42 | +213.5% | 4.0% | 3.8% | $16M |
| FY2025 Q1 | $6.43B | +1.6% | $-0.26 | +33.3% | -3.5% | -2.3% | $359M |
| FY2025 Q2 | $7.24B | -1.5% | $0.39 | -32.8% | 3.1% | 2.9% | $-234M |
| FY2025 Q3 | $6.95B | +1.1% | $0.10 | -9.1% | 0.5% | 0.8% | $-391M |
| FY2025 Q4 | $7.44B | +7.4% | $0.61 | +45.2% | 5.3% | 4.3% | $-564M |
| FY2026 Q1 | $7.25B | +12.8% | $0.45 | +273.1% | 4.6% | 3.1% | $788M |
| FY2026 Q2 | $8.43B | +16.4% | $0.47 | +20.5% | 3.4% | 2.8% | $-228M |