Plus   Neg

Southwest Airlines Revises Q2 Capacity Guidance - Quick Facts

Southwest Airlines Co. (LUV) said it has continued to experience solid demand and strong passenger yield trends year-over-year during second quarter 2019. The company lowered its second-quarter capacity guidance, primarily due to a lower-than-expected completion factor.

For the second-quarter, the company now expects ASMs, or capacity, to decrease approximately 3.5 percent, down from previous guidance range of a decrease in the 2 to 3 percent range. For the second-quarter, the company now expects operating revenue per available seat mile (RASM, or unit revenues) to increase in the 6.5 to 7.5 percent range, up from previous guidance of a increase in the 5.5 to 7.5 percent range.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Auto giant General Motors' (GM) Chevrolet unveiled its new stunning Corvette Stingray 2020. Stingray 2020, the eighth generation of the Chevrolet Corvette, has received the biggest change since its initial launch in 1953. The new 2020 Corvette is a mid-engine vehicle, which is its engine is behind... Amazon.com's Prime Day has brought a smile to the face of some photographers who may have grabbed their best deals of their lives. The e-commerce giant accidentally discounted a wide range of premium camera gear for Prime Day earlier this week, which may have proved costly for it. Thanks to a pricing error, some lucky customers were able to buy premium camera gear bundles for below $100. Women's clothing chain Dress Barn Inc. said it started store-closing or inventory clearance event sales at the 53 stores it plans to close by the end of August. The company expects to close all its stories by end of 2019. It also released a list of the nine stores closing in July and the stores closing in August. Dressbarn has hired Gordon Brothers Retail Partners to help with the store closures.
Follow RTT