05:07 PM EDT, 07/23/2025 (MT Newswires) -- Southwest Airlines ( LUV ) reported Q2 adjusted earnings late Wednesday of $0.43 per diluted share, down from $0.58 a year earlier.

Analysts polled by FactSet expected $0.51.

Revenue in the three months ended June 30 fell to $7.24 billion from $7.35 billion a year earlier.

Analysts surveyed by FactSet expected $7.3 billion.

The board authorized a new $2 billion share repurchase program to be completed within two years.