American’s guidance will be in focus too, as the carrier also pulled its full-year outlook in April. Analysts are expecting EPS of 72 cents. For the second quarter, Wall Street expects EPS of 78, compared to the company’s own guidance range of between 50 cents and $1.

Wall Street investors punished Southwest for chopping its 2025 profit outlook by up to 65%, as the carrier’s executives implement changes driven by its activist investor.