Southwest Airlines experiences a 12% decline, marking its most biggest drop since June 2020.
Southwest Airlines, adjusted its yearly financial forecast and capacity plans downwards as a result of delivery delays from Boeing, represented by $BA.
In the first quarter, the airline anticipates revenue per passenger seat mile to remain unchanged or increase by up to 2%, a revision from the previous range of 2.5% to 4.5%.
Projected economic fuel costs per gallon are set to increase to a range of $2.95 to $3.00, accompanied by a roughly 6% rise in non-fuel costs.
Boeing‘s delivery plan now includes 46 units of the 737-8 jets instead of the initially anticipated 79, with no 737-7 jet deliveries expected for this year.
