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Southwest Airlines cuts revenue forecast
LUVSouthwest Airlines(LUV) CNBC·2024-06-26 11:39

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 ...