The airline also said its unit expenses, excluding fuel, would be up as much as 7.5% over the year earlier period.shares fell more than 4% in premarket trading on Wednesday after the carrier cut its second-quarter revenue forecast, citing changing booking patterns.Southwest expects revenue per available seat mile, the amount the airline brings in for every seat it flies one mile, will fall between 4% and 4.5% in the second quarter over last year, after previously estimating a 1.5% to 3.
It said its capacity would rise as much as 9% instead after forecasting flat growth in how much it flies.Airlines are raking in record numbers of passengers but higher costs and growth in capacity have weighed on fares and profits.
Source: News Formal (newsformal.com)
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