southwestairlines
Southwest Airlines Co (NYSE: LUV) is facing a turbulent start to the day, with its stock trading down 4% in pre-market trading. The sharp decline comes after the company revised its Q2 2024 revenue forecast, expecting a year-over-year decline in revenue per available seat mile (RASM) of 4.0% to 4.5%, compared to the previous estimate of a 1.5% to 3.5% decline. This revision is largely attributed to the complexities in adapting its revenue management to current booking patterns. Despite the lowered revenue expectations, Southwest Airlines highlighted strong operational performance for Q2, maint...
Invezz
In recent years, Southwest Airlines Co. (NYSE:LUV) has weathered its fair share of challenges. From operational hurdles to strategic decisions, the company has navigated through turbulent times. However, amidst these difficulties, there are indications that Southwest might be on the path to recovery. One significant event that impacted Southwest’s stock performance in recent months was the announcement of a capacity reduction plan in March 2024. This decision, driven by issues with their aircraft supplier Boeing, caused a notable drop in Southwest’s stock. The airline revised its financial out...
Invezz
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