Southwest Airlines Co. (NYSE: LUV) reported total operating revenues of $6.9 billion for the third quarter of 2025, up 1.1% year-over-year.
Net income decreased 19.4% to $54 million compared to last year. GAAP earnings per share was down 9.1% to $0.10 while adjusted EPS was down 26.7% to $0.11 versus last year.
Unit revenues were up 0.4% while capacity was up 0.8% from last year. Load factor was 79.8%. Non-fuel unit costs were up 2.5%.
For the fourth quarter of 2025, RASM is expected to be up 1-3% while capacity is expected to be up around 6% YoY. CASM-X is expected to be up 1.5-2.5% YoY.
Prior performance
