Southwest Airlines Shares Up 5% on Improved Third-Quarter Outlook [Yahoo! Finance]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: Yahoo! Finance
Shares of Southwest Airlines Co. ( LUV performed well on the bourse on Sept. 26, 2024, closing the trading session at $29.93 per share, up 5.42% from the previous day's closing. The upside was owing to the improved third-quarter 2024 guidance revealed by the company. LUV now anticipates its third-quarter revenue per available seat mile (RASM or unit revenues) to increase in the range of 2%-3% on a year-over-year basis. This marks an improvement from the previous forecast of flat to down 2%. The upside in revenue performance was driven by the improving industry demand trends, along with the company's revenue management techniques. Apart from the air travel demand strength, additional revenues in July related to the CrowdStrike CRWD-induced disruptions across the industry also contributed to LUV's top-line growth. The global technology outage on July 19, 2024, caused by security software provider CrowdStrike's software update, has hit some of the major U.S. airlines, leading to mul
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LUV
Earnings
- 7/25/24 - Beat
LUV
Sec Filings
- 9/26/24 - Form DEFA14A
- 9/26/24 - Form DFAN14A
- 9/26/24 - Form DEFA14A
- LUV's page on the SEC website