Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Southwest Airlines trims guidance after heavy rain in California

Friday, March 10, 2017 8:41
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Southwest Airlines Co (NYSE:LUV) has cut its revenue estimate for the current quarter due to heavy rain in California and a higher trip completion rate than expected in February.

There was also unexpected softness in close-in demand in the second half of February that has since rebounded in March,

The budget airline now estimates first quarter 2017 operating revenue will decline in the two to three per cent range, compared with previous estimates of a 1% decline.

Bookings and unit revenue trends beyond the first quarter are encouraging, Southwest added.

The airline flew 8.7bn revenue passenger miles (RPMs) in February, an increase of 1.1% on a year ago.

Shares dropped 3% to US$54.62.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/174629/southwest-airlines-trims-guidance-after-heavy-rain-in-california-174629.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.