🐦 推特Wall St EngineCodex · 实盘不做把握 5/10🔁 +1 同一事件
北京时间·🕒 发布 04:10:19时区推断·⟳ 抓取 04:10:19·⚡ 决策 07-23 04:13:32 +3m13s·96.5 天前
西南航空二季度EPS超预期但收入不及预期，并下调全年EPS目标区间
二季度调整后EPS为0.94美元，高于0.53美元一致预期，但营收8.4亿美元低于8.58亿美元预期，经营利润也低于预期。
📄 原文Wall St Engine@wallstengine↗ 原文
SOUTHWEST AIRLINES $LUV Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $8.4B (Est. $8.58B) 🔴; +16.4% YoY 🔹 Adj. EPS: $0.94 (Est.…
不做 西南航空（LUV.US）
财报多空混合：EPS超预期但营收、经营利润和三季度EPS指引不及预期，全年指引虽较此前口径下调但仍覆盖共识；排期财报且当日已跌，缺少追多或强空的正期望边界。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- 该节点汇总西南航空二季度财报、三季度指引和全年指引调整，属于盘后财报速递。市场反应:LUV.US当日收47.66美元，较前收48.69美元跌2.12%。
- 公司IR页面显示二季度财报电话会安排在2026-07-23 10:00 ET，说明该事件处于正式财报披露窗口。
关键理由
- 二季度调整后EPS为0.94美元，高于0.53美元一致预期，但营收8.4亿美元低于8.58亿美元预期，经营利润也低于预期。
- 三季度EPS指引0.50-0.75美元低于0.89美元一致预期，全年EPS区间从此前至少4.00美元下调为3.25-4.25美元，虽仍高于3.22美元一致预期但方向不够单边。
- LUV.US收盘已跌2.12%，财报类排期披露且多空混杂，缺少能支持隔夜追多或强空的明确新增预期差。
主要风险
- 若电话会进一步解释燃油成本回落、RASM强势和成本改善，市场可能把全年区间读成高于共识而非下修。
- 若盘后或次日开盘继续快速下杀，财报指引失望可能演变成短线负反馈，但当前未满足强空催化和借券确认红线。
反向证据
- 做多前查反向 · 来源 kb_search · 影响 none
内部KB未命中西南航空本次财报的有效旧闻或反向增量，仅返回无关公司财报纪要。
检索:Southwest Airlines LUV Q2 2026 earnings guide EPS cut revenue miss - 做空前查反向 · 来源 web · 影响 weakens
公开搜索未找到足以把多空混合财报升级为强空的新增证据；全年EPS区间虽下调但仍覆盖并高于一致预期。
检索:Southwest Airlines Q2 2026 earnings revenue 8.4 adj EPS 0.94 Q3 EPS 0.50 0.75 FY 2026 EPS 3.25 4.25
工具调用 · 历史记录,结果未知(3 种)
- search_processed_events · 结果未知
- stock_quote · 结果未知
- kb_search · 结果未知
原文全文
展开原文 · 1,064 字
SOUTHWEST AIRLINES $LUV Q2’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $8.4B (Est. $8.58B) 🔴; +16.4% YoY
🔹 Adj. EPS: $0.94 (Est. $0.53) 🟢
🔹 Adjusted Operating Margin: 6.7%; +3.3 pts YoY
🔹 Managed Business Revenue: +30% YoY
Q3 Guide:
🔹 Adj. EPS: $0.50-$0.75 (Est. $0.89) 🔴
🔹 ASMs YoY: -1% to flat
🔹 RASM YoY: 17.5% to 19.5%
🔹 CASM-X YoY: 3.5% to 4.0%
Cuts FY26 Guide:
🔹 Adj. EPS: $3.25-$4.25 (Est. $3.22) 🟢; cut from prior expectation of at least $4.00
🔹 Capacity Growth: ~1.5%; down from prior ~2%
🔹 CapEx: Toward the low end of, or below, $3.0B-$3.5B (Est. $3.09B) 🟡
Other Q2 Metrics:
🔹 Net Income: $233M
🔹 Operating Income: $285M (Est. $327M) 🔴
🔹 Adjusted Net Income: $465M
🔹 RASM: +16.2% YoY
🔹 CASM-X: +3.4% YoY
🔹 Fuel Cost per Gallon: $3.92
Comments:
🔸 “We delivered results well ahead of consensus expectations despite nearly $900 million of additional fuel expense year-over-year.”
🔸 “Even in a volatile fuel environment, we delivered significant earnings growth and margin expansion in the second quarter, and are positioned to do so for the remainder of 2026.”
🔹 Revenue: $8.4B (Est. $8.58B) 🔴; +16.4% YoY
🔹 Adj. EPS: $0.94 (Est. $0.53) 🟢
🔹 Adjusted Operating Margin: 6.7%; +3.3 pts YoY
🔹 Managed Business Revenue: +30% YoY
Q3 Guide:
🔹 Adj. EPS: $0.50-$0.75 (Est. $0.89) 🔴
🔹 ASMs YoY: -1% to flat
🔹 RASM YoY: 17.5% to 19.5%
🔹 CASM-X YoY: 3.5% to 4.0%
Cuts FY26 Guide:
🔹 Adj. EPS: $3.25-$4.25 (Est. $3.22) 🟢; cut from prior expectation of at least $4.00
🔹 Capacity Growth: ~1.5%; down from prior ~2%
🔹 CapEx: Toward the low end of, or below, $3.0B-$3.5B (Est. $3.09B) 🟡
Other Q2 Metrics:
🔹 Net Income: $233M
🔹 Operating Income: $285M (Est. $327M) 🔴
🔹 Adjusted Net Income: $465M
🔹 RASM: +16.2% YoY
🔹 CASM-X: +3.4% YoY
🔹 Fuel Cost per Gallon: $3.92
Comments:
🔸 “We delivered results well ahead of consensus expectations despite nearly $900 million of additional fuel expense year-over-year.”
🔸 “Even in a volatile fuel environment, we delivered significant earnings growth and margin expansion in the second quarter, and are positioned to do so for the remainder of 2026.”
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