Southwest airlines reports second quarter 2025 results

Dallas , july 23, 2025 /prnewswire/ -- southwest airlines co. (nyse: luv) (the "company") today reported its second quarter 2025 financial results and company highlights: net income of $213 million, or $0.39 income per diluted share net income, excluding special items1, of $230 million, or $0.43 income per diluted share returned $1.6 billion to shareholders through a combination of share repurchases and dividends launched bag fees with financial benefit exceeding expectations and no negative operational impact rolled out new basic economy product structure, laying the foundation for future product differentiation maintaining targets of $1.8 billion full year 2025 and $4.3 billion full year 2026 incremental earnings before interest and taxes, excluding special items ("ebit"2) contribution from slate of initiatives while early, recent industry demand shows signs of improvement off of depressed second quarter 2025 levels, which combined with moderated capacity across the industry and southwest-specific initiatives, creates a constructive backdrop for the second half of the year providing updated full year 2025 guidance for ebit2 in the range of $600 million to $800 million board of directors authorized a new $2.0 billion share repurchase program expected to be completed over a period of up to two years bob jordan, president, chief executive officer, & vice chairman of the board of directors, stated, "we continued to make meaningful progress against our transformational plan in second quarter, most notably implementing bag fees and a basic economy product. we had an exceptional operational rollout and continued to deliver outstanding service—a testament to our people.
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