Southwest Airlines Sees Q3 Operating Revenue Per Available Seat Mile Y/Y Down 5%-7% Compared To Prior Guidance Of Down 3%-7%; Sees 3Q Available seat miles Up About 12%, Unchanged From Previous Guidance
Portfolio Pulse from Benzinga Newsdesk
Southwest Airlines has revised its Q3 operating revenue per available seat mile (RASM) guidance to a year-on-year decrease of 5%-7%, compared to its previous guidance of a 3%-7% decrease. However, the company maintains its previous guidance for Q3 available seat miles, expecting a 12% increase.
September 06, 2023 | 10:42 am
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Southwest Airlines' revised guidance indicates a potentially larger decrease in Q3 RASM than previously expected, which could negatively impact investor sentiment and the company's stock price in the short term.
Southwest Airlines' revised guidance indicates a potentially larger decrease in Q3 RASM than previously expected. This could be interpreted by investors as a sign of weaker financial performance, which could lead to selling pressure on the stock and a decrease in its price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100