Southwest Airlines cuts Q1 unit revenue growth forecast
Tweet
Share
E-mail
FILE PHOTO: A Southwest commercial airliner takes off from Las Vegas International Airport in Las Vegas, Nevada, U.S., February 8, 2024. REUTERS/Mike Blake/File Photo
(Reuters) - Southwest Airlines cut its unit revenue growth forecast on Tuesday, as concerns over discretionary spending amid tariff pressures and government spending uncertainties affect domestic travel demand.
The carrier now expects its unit revenue growth to be between 2% and 4% during the first quarter, compared with its prior range of 5% to 7% increase.
(Reporting by Nathan Gomes in Bengaluru; Editing by Shilpi Majumdar)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- S&P, Nasdaq futures slip as markets await Iran sanctions, Nvidia results
- Zelenskiy says Russia is 'not ready' for ceasefire on grain ships
- Bond market anxiety raises stakes for Warsh's debut Jackson Hole speech
Create E-mail Alert Related Categories
Guidance, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
