JPMorgan cuts target for Southwest Airlines stock to USD 58.00 from USD 59.00

Published on 10/27/2026 at 13:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Southwest Airlines reported USD 8.42 billion in third-quarter revenue. Southwest Airlines stock costs EUR 38.85 on October 27, 2026.

Earnings and analyst revisions

JPMorgan lowered its target to USD 58.00 from USD 59.00 on October 23, 2026.
Third-quarter operating revenue reached USD 8.42 billion on September 30, 2026, up 21.2 percent year over year.
Southwest Airlines stock trades at EUR 38.85 at 1:39 p.m. CET at Lang & Schwarz on October 27, 2026.

Southwest Airlines, US8447411088, Illustration mit AI erstellt.

Southwest Airlines (ISIN US8447411088) reported record third-quarter revenue of USD 8.42 billion for the period ended September 30, 2026, while its full-year adjusted earnings outlook was cut to USD 2.60-2.85 per share. CNBC reported the guidance change on October 21, 2026.

JPMorgan trims its target

JPMorgan lowered its Southwest Airlines price target to USD 58.00 from USD 59.00 on October 23, 2026, while maintaining an Overweight rating, according to MarketBeat. The same report said fuel costs and reduced profit guidance offset part of the strong quarterly performance.

Southwest's third-quarter adjusted earnings per share reached USD 0.66, compared with a USD 0.57 consensus estimate, a 15.79 percent beat. The company also reported a 5.4 percent adjusted operating margin, up 4.8 percentage points from the year-earlier quarter, according to the Southwest Airlines release dated October 21, 2026.

What does the fuel cost mean?

Fuel expense rose USD 821 million year over year to USD 2.15 billion in the third quarter, creating a USD 1.08 headwind for adjusted earnings per share. That cost pressure explains why the company paired record unit revenue growth of 21.6 percent with a lower full-year earnings range.

Three dates shape the story

On October 21, 2026, Southwest published third-quarter results and cut its full-year adjusted earnings outlook. On October 22, 2026, management held the results conference call. On October 23, 2026, JPMorgan reduced its target from USD 59.00 to USD 58.00.

Upcoming company dates

Southwest plans to host its Capital Markets Day in New York on March 2, 2027, according to the company release. The fourth-quarter 2026 results date is not included here because the company calendar evidence reviewed names the October 22 conference call rather than a later reporting date.

Stock price in euros

Southwest Airlines stock was trading at EUR 38.85 at Lang & Schwarz on October 27, 2026 at 1:39 p.m. CET. The quote is an intraday indication for investors in Germany, while the operating figures point to stronger revenue production and a sharper fuel sensitivity.

The further course of trading is shown by the continuously updated real-time quote of Southwest Airlines stock.