Southwest Airlines Co. (LUV) has provided updated guidance for second-quarter 2024. The company now expects its second-quarter revenue per available seat mile (RASM) to decline in the range of 4%-4.5% year over year, which marks a deterioration from the previous guidance of 1.5% to 3.5% decline. The downside in the RASM expectations was owing to the difficulties faced by LUV in adjusting its revenues to current booking patterns and consumer spending trends. Despite lowered expectations, LUV continues to ant ...