Southwest Airlines raised its forecast for fourth-quarter unit revenue on December 5, 2024, now expecting an increase of 5.5% to 7% year-over-year. This is an upward revision from its prior expectation of a 3.5% to 5.5% increase.
The improved outlook is attributed to stronger pricing and a rebound in domestic travel demand. The company noted that its network changes, aimed at culling unprofitable flights, are yielding positive results.
Southwest is encouraged by recent revenue trends and forward bookings, including strong holiday travel. The company anticipates these robust revenue trends and tactical initiative performance to continue into 2025.
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