As Iran war drags on, airlines pull back on fuel hedges and warn on fares

LONDON/HONG KONG, Oct 28 (Reuters) - With jet fuel prices at roughly double their levels before the Iran war, airlines are growing increasingly reluctant to lock in future fuel costs through new

Reuters • Oct 28, 2026

SOUTHWEST AIRLINES ANNOUNCES PRICING OF NOTES

DALLAS, Oct. 26, 2026 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today announced that it has priced an underwritten public offering of $1,250,000,000 aggregate principal amount of its senior notes, consisting of $600,000,000 aggregate principal amount of 5.750% Notes due 2029 (the "2029 Notes") and $650,000,000 aggregate principal amount of 6.000% Notes due 2031 (the "2031 Notes" and, collectively with the 2029 Notes, the "Notes"). The Company expects to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, the repayment at maturity of all of the Company's outstanding $300 million aggregate principal amount of 3.000% notes due November 15, 2026, as well as the repayment or redemption of other indebtedness or other corporate obligations.

PRNewsWire • Oct 26, 2026

Southwest Airlines: Revenue Transformation Accelerates

Southwest Airlines is executing a major business model transformation, driving industry-leading revenue growth and a fivefold profit increase year-to-date. LUV's fortress balance sheet, low debt, and strong cash position enable strategic flexibility and continued dividend payments, distinguishing it from most peers. Southwest's pivot toward premium revenue channels—including extra legroom seating, lounges, and cobranded credit cards—positions LUV closer to legacy carrier models.

Seeking Alpha • Oct 25, 2026

US airlines favor higher fares over fuller planes as fuel costs squeeze profits

US airlines are increasingly willing to fly with empty seats rather than slash fares simply to fill ​them, betting that disciplined pricing and flight schedules will help protect profits at a time of soaring fuel costs.

Reuters • Oct 23, 2026

Southwest CEO Bob Jordan on higher jet fuel costs: We're planning as if those persist into 2027

CNBC's Phil LeBeau and Southwest Airlines CEO Bob Jordan joins 'Squawk Box' to discuss the company's quarterly earnings results, impact of higher jet fuel costs, travel demand outlook, and more.

CNBC Television • Oct 22, 2026

Southwest Airlines: 3 Key Takeaways for Long-Term Investors

Third-quarter operating revenue reached a record $8.4 billion. Revenue per available seat mile increased 21.6% year over year, exceeding guidance.

The Motley Fool • Oct 22, 2026

Southwest Airlines posts record revenue as fuel costs surge

Southwest Airlines Co (NYSE:LUV) reported record third-quarter revenue of $8.4 billion as stronger fares lifted income despite an $821 million increase in fuel costs. Operating revenue rose 21% year on year for the three months to September 30, while the operating margin increased to 4.5% from 0.5% a year earlier.

Proactive Investors • Oct 22, 2026

What Southwest Airlines (LUV) Said on Its Q3 Earnings Call

Southwest Airlines NYSE: LUV reported record third-quarter operating revenue of $8.4 billion and said its transformation initiatives contributed across the business, helping offset an $820 million year-over-year fuel-cost headwind.

MarketBeat • Oct 22, 2026

LUV Q3 Earnings Beat on Record Revenues and Higher Fares

Southwest Airlines beats Q3 earnings estimates as record revenues, higher fares and strong demand drive profit growth and margin expansion despite rising fuel costs.

Zacks Investment Research • Oct 22, 2026

Southwest Airlines Co. (LUV) Q3 2026 Earnings Call Transcript

Southwest Airlines Co. ( LUV ) Q3 2026 Earnings Call October 22, 2026 10:00 AM EDT Company Participants Danielle Collins - Managing Director of Investor Relations Robert Jordan - President, CEO & Vice Chairman of the Board Justin Jones - Executive VP & Chief Commercial Officer Tom Doxey - Executive VP & CFO Anthony Roach - Executive VP and Chief Customer & Brand Officer Andrew Watterson - Chief Operating Officer Conference Call Participants Jamie Baker - JPMorgan Chase & Co, Research Division Catherine O'Brien - Goldman Sachs Group, Inc., Research Division Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division Conor Cunningham - Melius Research LLC Sheila Kahyaoglu - Jefferies LLC, Research Division Michael Linenberg - Deutsche Bank AG, Research Division Thomas Fitzgerald - TD Cowen, Research Division John Godyn - Citigroup Inc., Research Division Savanthi Syth - Raymond James & Associates, Inc., Research Division Christian Wetherbee - Wells Fargo Securities, LLC, Research Division Scott Group - Wolfe Research, LLC Brandon Oglenski - Barclays Bank PLC, Research Division Andrew Didora - BofA Securities, Research Division Ravi Shanker - Morgan Stanley, Research Division Atul Maheswari - UBS Investment Bank, Research Division Presentation Operator Hello, everyone, and welcome to the Southwest Airlines Third Quarter 2026 Earnings Conference Call. My name is Gary, and I'll be moderating today's call.

Seeking Alpha • Oct 22, 2026