Financial PerformanceSouthwest financial performance has materially trailed other US airlines, which has led to the attention of activist shareholder Elliott, with the investment firm seeking an overhaul of the company’s board and management team.
ProfitabilitySouthwest has lagged operating profitability of the other major US airlines including Delta, United and American since the end of the pandemic.
Revenue ManagementQ1 RASM missed the lowered guide set just 3 weeks before quarter-end, indicating challenges in revenue management and forecasting.