Southwest Airlines, the Dallas-based carrier, has revised its full-year adjusted earnings per share guidance to $2.60 to $2.85 as fuel costs continue to pressure airline margins. The reduction reflects ongoing challenges in the sector where higher jet fuel expenses are squeezing profitability. The airline did not provide additional details beyond the updated outlook.
Industry-wide, carriers have faced margin pressure from elevated energy prices, prompting several to adjust their financial forecasts in recent months.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing