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Southwest Airlines Says Q3 2026 Fuel Cost Was $3.92 per Gallon; For Q4 2026 Fuel Cost Per Gallon Is Assumed To Be ~$4.553
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  • Third quarter 2026 fuel cost was $3.92 per gallon, above prior assumptions of $3.70 to $3.75 per gallon. Fuel expense increased by $821 million compared to the third quarter of 2025 and represented a $1.08 headwind to adjusted EPS
  • Fourth quarter 2026 fuel cost per gallon is assumed to be approximately $4.553 based on the forward curve as of October 15, 2026
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