Southwest Airlines shares plunge on weak Q3 guidance despite strong Q2 results

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1. 1Southwest Airlines (LUV) shares fell about 5% after reporting Q2 results, as its Q3 outlook disappointed investors
2. 2Adjusted EPS for Q2 came in at $0.94, beating estimates of $0.51, while adjusted operating revenue rose 20.3% year-over-year to $8.7 billion, a record high
3. 3The company cut its Q3 EPS guidance to $0.50–$0.75 and full-year guidance to $3.25–$4.25, citing an $889 million increase in fuel costs versus the prior year

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