Southwest Airlines Now Expects Q3 RASM To Increase 2% - 3% (Prior Flat To Down 2%); Now Expects RASM To Trend Positive, On Year-over-year Basis, For Remainder Of 2024
Portfolio Pulse from Benzinga Newsdesk
Southwest Airlines has revised its Q3 RASM expectations to increase by 2% to 3%, up from a previous forecast of flat to down 2%. This improvement is attributed to customer reaccommodation from other airlines' cancellations and better industry demand trends.
September 26, 2024 | 11:01 am
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Southwest Airlines has raised its Q3 RASM forecast to a 2%-3% increase, driven by customer reaccommodation from other airlines' cancellations and improved demand trends. The company expects positive RASM trends for the rest of 2024.
The upward revision in RASM expectations indicates stronger revenue performance, likely boosting investor confidence and positively impacting LUV's stock price in the short term. The positive outlook for 2024 further supports this sentiment.
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