Jun 26, 11:50 AM

Southwest Airlines Lowers Q2 Revenue Forecast, Shares Drop 10%

Southwest Airlines has revised its second-quarter forecast for revenue per available seat mile (RASM) to a decline of 4.0% to 4.5%, with a midpoint of -4.25%, down from the previous forecast of a 1.5% to 3.5% decline. The airline cited uneven travel demand and challenges in adapting to current booking patterns as reasons for the adjustment. Despite the lowered revenue outlook, Southwest maintains its available seat miles (ASM) and cost per available seat mile excluding fuel (CASM-X) targets and expects to achieve a record for quarterly operating revenue. Following the announcement, Southwest Airlines' stock dropped by 10% in premarket trading, with shares down 9%.

#Southwest Airlines #Southwest

Written with ChatGPT (GPT-4o).

Sources

ET NOW@ETNOWlive
2 years ago
US Markets At Open | S&P 500, Nasdaq 100 open flat; these are the other highlights👇 @Nasdaq #Rivian #Fedex #SouthwestAir https://t.co/1y5mSEHb4k
Streetinsider.com@Street_Insider
2 years ago
Southwest Airlines stock slips as airline cuts Q2 unit revenue outlook https://t.co/18mzDvoqkF https://t.co/Gspiw6tqs1
Hardik Shah@AIStockSavvy
2 years ago
📣 JUST IN: $LUV Southwest Airlines Cuts Revenue Forecast, Shares Drop 4% $BA $ALK $AAL $UAL $DAL $SAVE 👉 Key Highlights: 📍 Southwest Airlines cuts Q2 revenue forecast. 📍 Revenue per available seat mile (RASM) expected to drop 4-4.5%. 📍 Previous RASM forecast was a… https://t.co/fj8YPOwCI5

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