Southwest Airways (LUV) Earnings: 3Q25 Key Numbers

Southwest Airways Co. (NYSE: LUV) reported whole working revenues of $6.9 billion for the third quarter of 2025, up 1.1% year-over-year.

Internet earnings decreased 19.4% to $54 million in comparison with final 12 months. GAAP earnings per share was down 9.1% to $0.10 whereas adjusted EPS was down 26.7% to $0.11 versus final 12 months.

Unit revenues had been up 0.4% whereas capability was up 0.8% from final 12 months. Load issue was 79.8%. Non-fuel unit prices had been up 2.5%.

For the fourth quarter of 2025, RASM is anticipated to be up 1-3% whereas capability is anticipated to be up round 6% YoY. CASM-X is anticipated to be up 1.5-2.5% YoY.

Prior efficiency