other material
confidence high
sentiment neutral
materiality 0.60
Southwest narrows Q4 RASM guidance to down 9-10%, raises fuel cost view to $3.00-3.10
SOUTHWEST AIRLINES CO
- Q4 RASM year-over-year guidance improved to down 9-10% from prior down 9-11%.
- Economic fuel cost per gallon raised to $3.00-3.10 from $2.90-3.00 due to higher market prices.
- Leisure demand strong with record Thanksgiving revenue; close-in bookings at better end.
- Capacity guidance unchanged: Q1 2024 up 10-12%, FY 2024 up 6-8%, FY 2025+ moderated to low-mid single digit ASM growth.
- Long-term ROIC goal of well above WACC; CASM-X guidance unchanged including labor accruals.