Southwest Says Q4 Guidance Range For Operating Expenses Per Available Seat Mile, Ex. Fuel And Oil Expense, Profitsharing, And Special Items, Incl. Associated With SWAPA Tentative Deal, Remains Unchanged At Down 16% To 19% Y/Y
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Southwest Airlines maintains its Q4 guidance for operating expenses per available seat mile (excluding fuel, oil expense, profitsharing, and special items) to be down 16% to 19% year-over-year. This includes costs associated with the tentative deal with SWAPA. The company has been accruing for market wage rates for all open labor contracts since April 1, 2022.
December 20, 2023 | 10:34 pm
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Southwest Airlines' reaffirmation of its Q4 guidance, which includes the impact of the SWAPA tentative deal, suggests cost control and may be viewed positively by investors.
By maintaining its guidance for operating expenses, Southwest Airlines is indicating effective cost management, even with the additional expenses from the SWAPA deal. This could reassure investors about the company's financial health and lead to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100