Southwest Airlines Lowers Revenue Forecast Amid Booking Challenges

The airline anticipates a record operating revenue despite a drop in key financial metrics and rising costs.

Revenue per available seat mile is expected to decrease by 4-4.5% compared to the previous year.
Unit expenses, excluding fuel, are projected to rise by up to 7.5%.
Southwest plans to increase capacity by 8-9% this quarter.
Activist investor Elliott Management is pushing for leadership changes at the airline.
Southwest is exploring new revenue initiatives, including seating assignments and premium options.