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An announcement from Southwest Airlines (LUV) is now available.
Southwest Airlines Co. has updated its financial outlook for Q2 2024, indicating a decrease in RASM by 4.0% to 4.5% year-over-year, which is a more significant drop than previously anticipated. Despite this, the company is still on track to achieve a record operating revenue for the quarter. The projections are based on current trends and the company’s outlook, though actual outcomes may vary. Operational performance remains robust with a high completion rate, even in the face of adverse weather. Southwest remains committed to enhancing shareholder value through various strategic initiatives and operational excellence. An in-depth review of the company’s full plan will be presented at its Investor Day in September 2024.
Learn more about LUV stock on TipRanks’ Stock Analysis page.