LUV - Why Southwest Airlines Shares Are Falling Today | Benzinga
Southwest Airlines Company (NYSE:LUV) shares are trading lower after the company lowered its outlook for second-quarter unit revenues.
The company anticipates a 4% to 4.5% decline in operating revenue per available seat mile (unit revenues), contrasting sharply with the previous expectation of a 1.5% to 3.5% decrease.
Southwest Airlines said in an exchange filing that the reduction was driven primarily by the complexities of adapting revenue management to current booking patterns in this dynamic environment.
However, despite lowered expectations, the company continues to expect an all-time quarterly ...