Southwest raises Q4 2024 revenue guidance, plans additional $750M share repurchase

SOUTHWEST AIRLINES CO

RASM (unit revenue) now expected up 5.5%-7.0% YoY vs prior 3.5%-5.5%.
Economic fuel cost guidance raised to $2.35-$2.45/gal vs prior $2.25-$2.35.
Intends to launch $750M accelerated share repurchase in Q1 2025, after completing $250M ASR.
Expects 40 aircraft retirements (36 737-700, 4 737-800) and ~20 737-8 deliveries in 2024.
Fleet strategy initial transaction expected by early 2025; $1.5B remains under $2.5B buyback program.

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