SAVE - Southwest JetBlue And Spirit Airlines Shares Are Moving Lower Wednesday: What's Going On? | Benzinga
Several airline stocks including Southwest Airlines Co (NYSE:LUV), JetBlue Airways Corp and Spirit Airlines Inc (NYSE:SAVE) are trading lower Wednesday in sympathy with American Airlines Group Inc (NASDAQ:AAL), which fell on revised guidance.
What Happened With AAL: After the market close on Tuesday, American slashed its second-quarter outlook ahead of a presentation at the Bernstein Strategic Decisions conference.
The airline lowered its adjusted earnings forecast from a range of $1.15 to $1.45 per share to a new range of $1 to $1.15 per share. The company also lowered its guidance for adjusted operating margin by 1% to a new range of approximately 8.5% to 10.5%.
Total ...