Southwest Airlines Cuts Outlook on Slower Bookings
Southwest Airlines (LUV) shares fell Wednesday as the carrier slashed its guidance because of softer bookings.
Southwest Sock Gaps Lower on Slashed Forecast
Southwest Airlines Co (NYSE:LUV) cut its fiscal second-quarter forecast today, as the industry struggles to predict demand trends.
Southwest Airlines stock dips after airline cuts quarterly revenue forecast
Southwest Airlines Co (NYSE:LUV) stock fell more than 3% after the airline cut its second quarter revenue forecast and projected higher expenses. It now expects revenue per available seat mile, how much it brings in for every seat if it flies one mile, will be down between 4% and 4.5% year-over-year, up from its earlier forecast of a drop between 1.5% and 3.5%.
Southwest Airlines cuts revenue forecast
Southwest cut its second-quarter revenue forecast, citing changing booking patterns. The airline also said its unit expenses, excluding fuel, would be up as much as 7.5% over the year earlier period.
A Southwest flight dropped to just 525 feet above an Oklahoma town, prompting an altitude warning and FAA investigation
A Southwest Airlines flight dropped to just 525 feet above the ground on Wednesday. The incident prompted an altitude warning and an FAA investigation.
Southwest Airlines Faces a Shake-Up
We also talk about -- what else? -- tall buildings.
Southwest is under pressure to make big changes to its planes, flights, and bag rules: Here's what they could all look like
An activist investor has bought a big stake in Southwest Airlines and is asking for major changes. Elliott Management wants a new CEO and a total review of Southwest's business model.
FAA investigates after Southwest plane drops to ‘within 400ft' of Pacific Ocean
News comes as US regulators investigate separate incident after Boeing 737 Max 8 plane did a ‘Dutch roll' in May
Can Southwest Airlines Find Its Way Again?
Southwest Airlines LUV 1.39%increase; green up pointing triangle is flying through an identity crisis. Expect turbulence.
Southwest Airlines CEO says he won't resign amid pressure from hedge fund Elliott Investment Management
DALLAS — The chief executive of Southwest Airlines Co. said Wednesday he will not resign in the face of pressure from a hedge fund that wants him fired, and that his leadership team will produce its own plan to boost the airline's financial performance.
Southwest Airlines CEO rejects calls to resign: ‘We have a great plan and will execute'
Activist investor Elliott Investment Management called for leadership and board changes at Southwest after reporting a stake worth about $1.9 billion in the carrier.
Southwest Airlines CEO says no plans to step down despite pressure from activist Elliott
Southwest Airlines CEO Bob Jordan said on Wednesday he has no intention of stepping down despite pressure from activist Elliott Investment Management.
