Southwest Airlines Co. ( LUV ) released its second-quarter results after Wednesday's closing bell. Here's a look at the key figures from the quarter. 

The Details: Southwest Airlines reported quarterly adjusted earnings of 43 cents per share, which missed the Street consensus estimate of 51 cents per share. Quarterly revenue also came in below expectations at $7.24 billion, missing the $7.3 billion analyst estimate.

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The company’s board of directors authorized a new $2 billion share repurchase program.

“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 ( LUV )-specific initiatives, creates a constructive backdrop for the second half of the year,” Southwest ( LUV ) wrote in its press release.

Outlook: Southwest ( LUV ) sees third-quarter RASM in a range of down 2% to up 2% and fuel cost per gallon between $2.40 and $2.50.

LUV Price Action: According to data from Benzinga Pro, Southwest Airlines ( LUV ) stock was down 0.24% at $37.44 in Wednesday's extended trading. 

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