Southwest Airlines has provided an update to its second quarter 2018 revenue guidance and 2018 available seat mile (ASM) capacity guidance. Based on current booking and revenue trends, Southwest now expects its second quarter 2018 operating revenue per available seat mile (RASM) to decrease approximately three percent, year-over-year. This decrease is at the lower end of the company’s previous guidance range of down one to three percent, year-over-year, and is primarily driven by lower bookings largely due to reduced marketing efforts following the Flight 1380 accident. In conjunction with its flight schedule extension published on May 31, 2018, and in

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