crossorigin="anonymous"> Southwest, U.S. sales outlook increase, shares jump – Subrang Safar: Your Journey Through Colors, Fashion, and Lifestyle

Southwest, U.S. sales outlook increase, shares jump


A Southwest Airlines plane takes off from Hollywood Burbank Airport on July 25, 2024 in Burbank, California.

Mario Tama | Getty Images

Southwest Airlines And American Airlines raised its fourth-quarter forecast on Thursday, citing strong demand and higher fares, sending shares in carriers higher.

Southwest said fourth-quarter unit revenue is expected to increase between 5.5% and 7% from a year ago, higher than a previous forecast of an increase of more than 5.5%. The airline said Network changes The goal of eliminating unprofitable flights is paying off and demand looks solid in the next year.

“The company is encouraged by recent revenue trends and forward bookings, including fourth-quarter holiday travel, and currently expects strong revenue trends and strategic initiative performance through 2025,” it said in Securities. said in the filing.

Southwest also said it will complete its first sale-leaseback of an aircraft in the first quarter.

Read more CNBC airline news

American Airlines said it expects unit revenue in the final three months of the year to be flat 1 percent from the same period in 2023, compared with estimates for unit revenue to decline 3 percent. . American last year raised its adjusted earnings estimate to 55 cents to 75 cents, up from 25 cents to 50 cents a share.

The American also said on Thursday that he had picked up. City As such A single credit card providerLeaving Barclays, in a long-awaited deal.

the day before, Jet Blue Airways Raised its revenue forecast for the quarter and told staff it would be more. Cut unprofitable paths. And make changes to its summer 2025 Europe schedule this weekend.



Source link

Leave a Reply

Translate »