Southwest trimming Q4 capacity growth plans by 3 points on y/y basis

The company recently extended its published flight schedule for sale through November 4, 2023. The company is taking a more conservative approach to fourth quarter growth and is trimming its fourth quarter 2023 capacity growth plans by approximately three points on a year-over-year basis. As such, the company now expects its full year 2023 capacity to increase in the range of 15 to 16 percent, year-over-year, which is a decrease of approximately one point, year-over-year, compared with its previous guidance.