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Story summary
- Southwest Airlines cut its 2026 adjusted earnings forecast to $2.60-$2.85 per share.
- CEO Bob Jordan said demand stayed strong despite higher fares.
- Southwest posted Q3 adjusted earnings of 66 cents per share, beating the 58-cent estimate.
- Average fare rose 27% to $231.69, lifting revenue to $8.42 billion.
- Jet fuel costs increased $821 million year over year, with further rises expected.