Southwest Airlines Cuts Outlook on Slower Bookings

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 ...