Southwest Airlines forecasts second-quarter profit below estimates as fuel costs soar
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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
April 23 (Reuters) - Southwest Airlines forecast second-quarter profit below analysts' expectations on Wednesday, as soaring jet fuel prices driven by the war in Iran push costs up and dent margins.
The Texas-based carrier expects profit per share in the range of $0.35 to $0.65 for the April-June quarter, the mid-point of which is lower than analysts' expectations of a 55 cents profit, according to data compiled by LSEG.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Maju Samuel)
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