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