• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Southwest Airlines raises fourth-quarter unit revenue forecast

by December 5, 2024
written by December 5, 2024

(Reuters) -Southwest Airlines on Thursday raised its forecast for fourth-quarter revenue per available seat miles, benefiting from improved pricing and a rebound in domestic travel demand.

Shares of the budget carrier rose about 2.5% before the bell.

The carrier has made a series of efforts over the past year to help reinvigorate demand, including partnerships, seats with more leg room for customers and aircraft sale leasebacks.

In October, the carrier announced it reached a deal with activist Elliott to put an end to a bitter months-long boardroom battle.

The carrier now expects its fourth-quarter RASM, a proxy for pricing power, to be up between 5.5% and 7%, compared with its prior expectation of between 3.5% and 5.5%.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
China imposes sanctions on US military firms over Taiwan arms deal
next post
Analysts weigh in on Robinhood investor day

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • Unclear how Trump tariffs would move UK inflation, BoE’s Greene says
    • India stocks lower at close of trade; Nifty 50 down 0.12%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy