Dark Clouds Roll in After Airliner Issues Dreary Forecast
LUVSouthwest Airlines(LUV) Schaeffers Research·2024-03-12 20:57

Shares of Southwest Airlines Co (NYSE:LUV) are 7.9% lower before the bell, after the airliner adjusted its full year 2024 guidance lower. In a statement, Southwest Airlines said it was "reevaluating all prior full year 2024 guidance, including the expectation for capital spending" amid delayed deliveries from embattled Boeing (BA). In addition to expectations of flat to a no more than 2% rise in revenue, the company also showed weaker-than-expected leisure bookings for the first quarter. On the charts, LUV ...