Southwest and American Airlines Give Guidance Warnings, Shares Plummet

Key TakeawaysSouthwest Airlines and American Airlines Group issued warnings about their financial results, sending shares of both sinking.Southwest said it would be hurt by the arrival of fewer-than-expected deliveries of Boeing jets.American explained that higher fuel prices will increase its current-quarter loss. Shares of Southwest Airlines (LUV) and American Airlines Group (AAL) fell Tuesday as problems with Boeing (BA) jet deliveries and higher fuel prices, respectively, are expected to affect their re ...