Key TakeawaysSouthwest Airlines cut its revenue per available seat mile (RASM) guidance for the second quarter on weaker bookings.The carrier explained that it was having issues in adapting revenue management to its booking patterns in what it called a "dynamic environment."Southwest said that despite the booking softness, it expects a record quarter for operating revenue. Southwest Airlines (LUV) shares fell Wednesday as the carrier slashed its guidance because of softer bookings. The airline wrote in a Se ...

WEST PALM BEACH, Fla., June 26, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), today released the following statement on behalf of Partner John Pike and Portfolio Manager Bobby Xu regarding Southwest Airlines Co. (NYSE: LUV) (the "Company" or "Southwest") and its revenue guidance reduction announcement:Today's announcement marks the eighth guidance reduction at Southwest Airlines in the last 18 months with RASM (revenue per available seat mile) now expected to decline 4% to 4.5% in the ...

Southwest Airlines Co (NYSE:LUV) cut its fiscal second-quarter forecast today, as the industry struggles to predict demand trends. Plus, Boeing's (BA) safety issues resulting in delayed jet deliveries are limiting growth. At last check, LUV is down 3.9% to trade at $27.40.The shares are testing support at the $27 level, but gapping below the 40-day moving average as they look to snap their three-day win streak. The $30 region has acted as a ceiling since the equity's March pullback, rejecting a rally from e ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Southwest Airlines shares fell roughly 4% in premarket trading on Wednesday after the carrier cut its second-quarter revenue forecast, citing changing booking patterns.Southwest expects revenue per available seat mile, the amount the airline brings in for every seat it flies one mile, will fall between 4% and 4.5% in the second quarter over last year, after previously estimating a 1.5% to 3.5% decline.It also said its unit expenses, excluding fuel, would be up as much as 7.5% over the year earlier period, a ...

Airline launches 10-week sweepstakes in partnership with local Chambers of Commerce and Convention and Visitors BureausDALLAS, June 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today launches the Summer of Go sweepstakes, which offers Customers weekly chances to win 1 of 10 destination prize packages to attractive leisure destinations. Beginning today, Customers can visit Southwest.fm/SummerofGo to learn more and enter for a chance to win.  "Our robust route map includes destinations from coa ...

A Southwest Airlines flight dropped to just 525 feet above the ground on Wednesday.The incident prompted an altitude warning and an FAA investigation.A Southwest flight dropped dangerously low off the coast of Hawaii in April.  Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you acce ...

We also talk about -- what else? -- tall buildings. Really, really tall buildings.In this podcast, Motley Fool analyst Asit Sharma and host Dylan Lewis discuss:Why Elliot Management is looking to shake up leadership at Southwest after taking a 10%+ stake in the airline.Nvidia's stock split, and why this one may matter more than most.The new names in the S&P 500 -- CrowdStrike, KKR, and GoDaddy -- and what they say about the state of the market.Are the world's tallest buildings ego projects or promising inve ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewActivist firm Elliott Investment Management has taken a $1.9 billion stake in Southwest Airlines and has pr ...

DALLAS, June 18, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) continues its birthday celebration with a sale on flights starting as low as $53 one-way in honor of the carrier turning 53. Starting today through June 20, 2024, Customers can book these fares for their next getaway for continental U.S. travel between August 6 and December 18, 2024, and Hawaii, international, and San Juan, Puerto Rico travel between August 20 and November 20, 2024. Restrictions, exclusions, and blackout dates apply. S ...