Southwest Airlines raises second-quarter revenue forecast on travel demand
2022.05.26 14:06
FILE PHOTO: A Southwest Airlines commercial aircraft approaches to land at John Wayne Airport in Santa Ana, California U.S. January 18, 2022. REUTERS/Mike Blake
(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 .
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.
