other material
confidence high
sentiment neutral
materiality 0.60
Southwest narrows Q2 RASM guidance to -8% to -10%; fuel cost raised to ~$2.55/gal
SOUTHWEST AIRLINES CO
- RASM year-over-year guidance narrowed to down 8%–10% from down 8%–11%.
- Economic fuel cost per gallon raised to ~$2.55 from prior $2.45–$2.55.
- Memorial Day weekend travel demand strong; Q2 leisure demand and yields remain strong.
- Capacity (ASMs) expected up ~14% YoY; CASM-X up 5%–8% unchanged.
- Reaffirms ~70 Boeing 737-8 deliveries and ~14-15% capacity growth for 2023; expects solid Q2 profits.