Southwest provides Q3 updated guidance

Southwest provides Q3 updated guidanceSouthwest provides Q3 updated guidance Southwest Airlines has updated its financial guidance for third quarter 2022 based on current booking trends and the company’s current outlook. Southwest expects operating revenue to be between a 9-11% improvement over the third quarter of 2019 – a slight change to previous expectations of between 8-12%. Capacity will remain flat compared with 2019 but fuel costs are expected to rise by $3.25-$3.35 per gallon. Southwest has a multi-year fuel hedging program to provide insurance against spikes in jet fuel prices with significant fuel hedging protection in 2022. As of September 8, 2022, the fair market value of its fuel

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