Southwest Airlines stock slipped after Q2 earnings and revenue missed estimates, with adjusted EPS at $0.43 versus $0.51 expected. The carrier slashed its 2025 EBIT forecast to $600-$800M from $1.7B. Despite scrapping free bags and open seating, management said demand remained stable. Shares fell premarket, though retail sentiment held neutral, and the stock is up 11.2% YTD.