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Southwest Airlines10-Q: Margin pressure

Southwest faces $5.3M quarterly earnings risk per 1-cent fuel price change after ending hedging.

What happened

By discontinuing its fuel hedging program in 2025, the company is now fully exposed to fuel price volatility, creating significant pressure on cost control and margin stability. A one-cent per gallon change in jet fuel price will impact quarterly expenses by $5.3 million.

Source

SEC EDGARJul 23, 2026

Quarterly report (Form 10-Q)

Southwest Airlines 10-Q

Filing excerpt

As discussed in Note 3 to the unaudited Condensed Consolidated Financial Statements, the Company discontinued its fuel hedging program in 2025.

sec.gov/Archives/edgar/data/92380/000009238026000077/luv-20260630.htmRead the full source

Other signals in this filing (4)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Margin pressure

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
06/30
Filed
Jul 23, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$5.3M (Impact to Q3 2026 expense for every one-cent change in jet fuel price per gallon)

Details

CIK
92380
Accession number
0000092380-26-000077
Timeframe
Next quarter
Filing year
2026
Fiscal year
0
Why it matters
Efficiency tools needed
Signal category
Financial

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Jul 28, 2026
signal_type
sec-10q
signal_subtype
marginPressure

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/b49f8726-1612-42bc-aa18-22567741aa5c returns this record as JSON. POST /v1/companies/enrich returns every signal for southwest.com.

{
  "signal_id": "b49f8726-1612-42bc-aa18-22567741aa5c",
  "signal_type": "sec-10q",
  "signal_subtype": "marginPressure",
  "detected_at": "2026-07-28T07:03:59.376+00:00",
  "company": {
    "name": "Southwest Airlines",
    "domain": "southwest.com"
  },
  "data": {
    "detail": "By discontinuing its fuel hedging program in 2025, the company is now fully exposed to fuel price volatility, creating significant pressure on cost control and margin stability. A one-cent per gallon change in jet fuel price will impact quarterly expenses by $5.3 million.",
    "metrics": {
      "timeframe": "next_quarter",
      "dollar_context": "Impact to Q3 2026 expense for every one-cent change in jet fuel price per gallon",
      "dollar_millions": 5.3
    },
    "summary": "Southwest faces $5.3M quarterly earnings risk per 1-cent fuel price change after ending hedging.",
    "excerpts": "As discussed in Note 3 to the unaudited Condensed Consolidated Financial Statements, the Company discontinued its fuel hedging program in 2025.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/92380/000009238026000077/luv-20260630.htm",
    "filing_date": "2026-07-23",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/30",
    "sales_relevance": "Efficiency tools needed",
    "signal_category": "financial"
  }
}

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