Southwest Airlines reported second-quarter earnings and revenue below estimates but noted stabilized travel demand. The airline also announced a $2 billion share buyback. In Q2, earnings were 43 cents adjusted, revenue $7.24 billion vs. expectations. Southwest expects a 2% drop to a 2% increase in third-quarter unit revenue. The carrier is making changes to its business model, moving from open seating to assigned seats. Southwest’s net income in Q2 was $213 million, down 42% from last year.

Read more at CNBC: Southwest Airlines (LUV) 2Q 2025 earnings