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Southwest continues to expect FY25 capital spending $2.5B-$3B

Says seeing ‘great traction’ with loyalty program. Says expects Q4 RASM up 1%-3%. Says assigned seating bookings are ‘in line’ with expectations. Says continues to expects FY25 capital spending $2.5B-$3B. Says expects FY25 capacity up roughly 1.5%. Says updated fleet planning assumptions to 53 -8 aircraft deliveries in 2025, from its prior estimate of 47. Says continues to plan for 55 aircraft retirements in 2025, which includes the sale of one -800 aircraft in third quarter 2025 and the expected sale of four -800 aircraft in fourth quarter 2025.

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