Southwest Airlines shares are trading lower after the company guided Q3 operating revenue per ASM down 5-7% and raised its fuel cost outlook. Additionally, Exane BNP Paribas downgraded the stock to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Southwest Airlines has guided its Q3 operating revenue per ASM down by 5-7% and raised its fuel cost outlook. Exane BNP Paribas has downgraded the stock to Neutral.
September 06, 2023 | 4:10 pm
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NEGATIVE IMPACT
Southwest Airlines' Q3 revenue outlook has been lowered and its fuel cost forecast has been raised. The stock has been downgraded to Neutral by Exane BNP Paribas.
The company's lowered revenue outlook and increased fuel cost forecast are negative indicators for its financial performance. The downgrade by Exane BNP Paribas further suggests a potential decline in the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100