Airlines News

Reuters • Nandan Mandayam, Rajesh Kumar Singh

Southwest cuts annual profit forecast as fuel costs outweigh higher fares and turnaround gains

Southwest Airlines sharply lowered its full-year profit outlook on Wednesday, saying surging fuel costs outweighed gains from higher airfares and its business overhaul. The move follows similar forecast cuts by Delta Air Lines and United Airlines as elevated fuel prices pressure U.S. carriers, despite revenue growth and third-quarter profit improvement at Southwest.

2026-10-21T14:04:32.821151-07:00

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Southwest cuts annual profit forecast as fuel costs outweigh higher fares and turnaround gains

Southwest Airlines sharply lowered its full-year profit outlook on Wednesday, saying surging fuel costs outweighed gains from higher airfares and its business overhaul. The move follows similar forecast cuts by Delta Air Lines and United Airlines as elevated fuel prices pressure U.S. carriers, despite revenue growth and third-quarter profit improvement at Southwest.

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US DOT lifts restrictions on Mexican airlines

The US Department of Transportation has lifted restrictions affecting Mexican airlines. The available report does not specify which carriers or measures were involved, or what operational changes will follow, but the decision removes a US-imposed constraint on Mexican operators.

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Icelandair delays Boeing 757 and 767 retirements to early 2027

Icelandair has delayed the planned retirements of its Boeing 757 and 767 aircraft until early 2027. The available report does not specify how many aircraft are affected, the reason for the change or what will replace them, leaving the scale and fleet-planning implications unclear.

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