Southwest Raised Q2 Revenue Guidance despite Troubled Boeing Jets
Southwest Airlines (LUV) raised its second-quarter unit revenue guidance on June 19. The company now anticipates revenue per available seat mile to increase between 6.5% and 7.5% YoY in the second quarter instead of its earlier guidance range of 5.5% to 7.5%. The strong unit revenue outlook reflects robust demand and a healthy passenger yield in the quarter.