Southwest Airlines expects operating revenue growth to improve

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: October 30, 2024

Southwest Airlines (LUV) said earlier this week it was projecting an improvement in its fourth-quarter operating revenue growth amid easing curbs and progressing vaccination campaigns.

The air carrier now forecasts a drop of 10% to 15% in its operating revenue compared with a prior forecast of a 15% to 25% decrease.

The shares of Southwest Airlines closed higher for the fourth time in the past ten trading sessions in New York on Wednesday. The stock edged up 0.13% ($0.06) to $45.27, after touching an intraday low at $44.56. The latter has been a price level not seen since December 3rd ($43.64).

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