On July 25, 2024, a Southwest Airlines plane took off from Hollywood Burbank Airport in Burbank, California.
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Southwest Airlines and American Airlines An upgrade to fourth-quarter forecasts on Thursday cited strong demand and rising fares, sending airline shares higher.
Southwest Airlines said fourth-quarter unit revenue may increase 5.5% to 7% from last year, higher than the previous forecast of no more than 5.5% growth. The airline said its network changes Initiatives aimed at phasing out unprofitable flights are paying off and demand appears to be strong next year.
“The company is encouraged by near-term revenue trends and forward bookings, including fourth quarter holiday travel, and now expects strong revenue trends and tactical initiative performance to continue into 2025,” the company said in a securities filing.
Southwest also said it would complete its first aircraft sale and leaseback in the first quarter.
American Airlines said it expects unit revenue to rise 1% in the final three months of the year compared with the same period in 2023, compared with its previous forecast of a 3% decline in unit revenue from the same period in 2023. last year. American Airlines also raised its adjusted earnings per share forecast to 55 cents to 75 cents from 25 cents to 50 cents.
American Airlines also said Thursday it had chosen Citibank as its The only credit card providerditching Barclays in a long-awaited deal.
one day ago, JetBlue Airways Raised its revenue forecast for the current quarter and told employees it would further Cut unprofitable routes and will make adjustments to its 2025 summer European schedule later this week.
