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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