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Southwest Airlines cuts revenue forecast, blaming changing booking patterns - TL;DR CNBC

Southwest Airlines cuts revenue forecast, blaming changing booking patterns

Publishing timestamp: 2024-06-26 11:39:13


Summary

Southwest Airlines cuts second-quarter revenue forecast due to changing booking patterns, with revenue per available seat mile expected to fall between 4% and 4.5%. Other airlines like Delta and United are seeing a return to international travel and investing in roomier seats. Southwest is under pressure from activist investor Elliott Management for leadership changes. Southwest is considering revenue initiatives like seating assignments or premium seating.


Sentiment: NEGATIVE

Tickers: LUVUALDAL

Keywords: lifeairlinesgary c. kellydelta air lines incdallasaerospace and defense industryearningsfirst united corptransportationbusiness newssouthwest airlines cobreaking news: businessunited airlines holdings inctravelbusiness

Source: https://www.cnbc.com/2024/06/26/southwest-airlines-cuts-revenue-forecast.html


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