Southwest Airlines reported second-quarter adjusted earnings of 43 cents per share, missing the Street estimate of 51 cents, according to Benzinga. Revenue fell short of the expected $ 7.3 billion, coming in at $ 7.24 billion. The company authorized a new $2 billion share repurchase program. Southwest said industry demand is showing early signs of recovery following a weak second quarter and expects a more favorable environment in the second half of the year. It forecast third-quarter revenue per available seat mile between -2% and +2%, and fuel costs between $2.40 and $2.50 per gallon. Shares were down 0.24% in extended trading on Wednesday.
