Southwest Airlines Raises Second-Quarter Revenue Forecast on Travel Demand

Reuters2022-05-26

May 26 (Reuters) - Southwest Airlines Co on Thursday raised its second-quarter operating revenue forecast, as strong travel demand puts U.S. carriers on the fast track to a recovery from pandemic lows.

Shares of the airline were up nearly 3% before the bell.

"The company continues to experience strong load factors and an acceleration in bookings for summer travel," Southwest said in a regulatory filing.

Southwest added it is on track to report "solid profits" for the quarter and for the rest of 2022.

The carrier said it expects current-quarter operating revenue to rise 12% to 15% versus pre-pandemic levels, compared with its earlier forecast of an 8% to 12% rise.

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