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Southwest Airlines posted a net loss of $149 million in Q1 2025, improving from a $231 million loss last year. Adjusted loss per share was 13 cents, better than expected.

Southwest Airlines has retracted its earnings forecast for 2025 and 2026 due to economic uncertainty. CEO Bob Jordan plans to cut capacity in the latter half of the year.

Southwest Airlines is enhancing financial performance by converting planes for extra legroom and changing its open seating process, targeting affluent customers seeking premium experiences.

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About Southwest Airlines Company

Southwest Airlines Co. engages in the operation and management of a passenger airline. The firm also offers ancillary services such as early bird check-in, upgraded boarding, and transportation of pets and unaccompanied minors. It operates in the United States, the Commonwealth of Puerto Rico, Mexico, Jamaica, the Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. The company was founded by Rollin W. King and Herbert D. Kelleher on March 9, 1967 and is headquartered in Dallas, TX.