logo
  

Southwest Airlines Raises Q2 Operating Revenue Guidance

Southwest Airlines Co. (LUV) said, based on current trends, it projects solid profits and operating margins, excluding special items, in second quarter 2022 and for the remainder of the current year. The company continues to experience strong load factors and an acceleration in bookings for summer travel.

Compared with 2019, Southwest Airlines Co. now expects second quarter operating revenue to be up 12% to 15%, revised from prior guidance of up 8% to 12%. Available seat miles or capacity is projected to decline approximately 7%.

Southwest Airlines said the improvement in second quarter 2022 operating revenue guidance is primarily attributable to continued passenger yield strength, which has more than offset the increase in its fuel price projection.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ice Cream maker Ben & Jerry's reportedly filed a lawsuit against parent and British consumer giant Unilever to stop the sale of its Israeli business to a local license-holder Avi Zinger. The company alleged that the decision was made without the approval of its independent board. The judge reportedly denied Ben & Jerry's application for a temporary restraining order against Unilever. J&M Foods is recalling certain Lavender Shortbread Cookies sold through department store chain Target Corp. due to undeclared allergens, the U.S. Food and Drug Administration said. These packages were erroneously packed with Chocolate Chip Cookies and do not disclose the presence of a possible allergen, such as soy or eggs. A multi-state listeria outbreak that has killed one and sickened at least 23 others has been linked to Florida -based Big Olaf Creamery brand ice cream, according to the Centers for Disease Control and Prevention or CDC. The outbreak strain has been reported from 10 states, resulting in 22 hospitalizations. One death has been reported from Illinois.
Follow RTT