Southwest Airlines Forecasts Lower Than Expected Quarterly Earnings Due to Higher Fuel Costs
Southwest Airlines has forecast second-quarter earnings below analyst estimates, citing higher fuel prices. The company expects to earn between 35 cents and 65 cents per share, compared to the 55 cents per share analysts anticipated. Southwest has implemented new revenue initiatives, such as charging for bags and assigned seats, but these have not yet offset rising fuel costs.
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Topics: airline industry earnings forecast fuel prices revenue initiatives