Southwest Airlines Expects Q4 Unit Revenues To Be Down 9%-10% Vs. Prior View Of Down 9%-11% - Filing
Portfolio Pulse from Benzinga Newsdesk
Southwest Airlines has updated its Q4 unit revenue expectations, now anticipating a decrease of 9%-10% compared to the previous estimate of a 9%-11% decline, according to a recent filing.
December 13, 2023 | 11:40 am
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Southwest Airlines has provided a slightly improved forecast for Q4 unit revenues, now expected to be down 9%-10% versus the previously projected range of 9%-11%.
The updated forecast by Southwest Airlines suggests a less severe decline in Q4 unit revenues than previously expected. This revised outlook could be perceived positively by investors, as it indicates a potential improvement in the company's financial performance. The news is directly related to LUV and is likely to influence investor sentiment and the stock price in the short term.
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