logo
  

Southwest Airlines Revises Q3 Operating Revenue Outlook

Southwest Airlines Inc. (LUV) said on Thursday that it has revised its operating revenues forecast for the third quarter, amidst improvement in travel and leisure demand.

The airlines now expects operating revenue for the third quarter to grow by 9-11 percent compared with the third quarter of 2019. The airlines had earlier projected growth range of 8-12 percent compared to 2019.

Available seat miles or ASMs is still expected to remain about flat, when compared with third quarter of 2019.

Economic fuel costs per gallon are projected to be in the range of $3.25 to $3.35, when compared with the third quarter of 2019, against previous expectation for flat outlook.

The firm said it continues to expect strong revenue trends in the fourth quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Elon Musk, who recently took Twitter Inc. private in a $44-billion deal, accused Apple Inc. of threatening to block the social media platform from its app store without giving the reason. In a series of tweets on Monday, the Tesla founder and CEO also said the tech giant had stopped advertising on Twitter, and that it was pressuring the firm over content moderation demands. Payments platform Paysafe has inked a partnership deal with Richard Branson's Virgin Voyages to enable travelers to speedily and securely make online payments for reserving next cruise booking. Paysafe's travel solution will also help mitigate all payment risks for travelers. Shares of easyJet plc were losing around 4 percent in the morning trading in London after the British low-cost airline reported a loss in its fiscal 2022. However, the loss was narrower than last year with strong growth in revenues as demand returned. Looking forward, easyJet projects first-quarter load factor growth of approximately 10 percentage points year-over-year.
Follow RTT