Southwest Airlines said it now expects full-year 2025 EBIT of about $500 million, excluding special items, versus its prior outlook of $600 million to $800 million.

8-KRegulation FD DisclosureFiled Dec 5, 2025Period of report Dec 5, 2025Summary published (UTC) Oct 14, 2026

Key points

AI summary

Southwest Airlines said it now expects full-year 2025 EBIT of about $500 million, excluding special items, versus its prior outlook of $600 million to $800 million.
The company cited lower revenue from the government shutdown and higher fuel prices as reasons for updating its full-year 2025 EBIT outlook.
The company said bookings have returned to its previous expectations following the temporary decline in demand related to the shutdown.
The company said EBIT is a non-GAAP measure that excludes special items and gains or losses from fleet transactions, and that it cannot reliably predict future special items, so the projections do not reflect them.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Full-Year EBIT Outlook Changed to About $500 million

Southwest Airlines said it now expects full-year 2025 EBIT of about $500 million, excluding special items, versus its prior outlook of $600 million to $800 million.

Source · Based on the filing body and exhibits

Company Explains Reasons for Outlook Change

The company cited lower revenue from the government shutdown and higher fuel prices as reasons for updating its full-year 2025 EBIT outlook.

Source · Based on the filing body and exhibits

Bookings Recover After Shutdown Dip

The company said bookings have returned to its previous expectations following the temporary decline in demand related to the shutdown.

Source · Based on the filing body and exhibits

Non-GAAP EBIT Definition and Limits of Outlook

The company said EBIT is a non-GAAP measure that excludes special items and gains or losses from fleet transactions, and that it cannot reliably predict future special items, so the projections do not reflect them.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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