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Southwest Airlines Provides Updated Guidance; Sees Q2 Economic Fuel Costs Per Gallon Up ~$2.55 Vs $2.45-$2.55 Previous Est.; Revenue Per Available Seat Mile YoY Down 8%-10% Vs Down 8%-11% Previous Est.

Author: Happy Mohamed | June 01, 2023 08:48am

Southwest Airlines Co. (NYSE:LUV) (the "Company") is providing updated guidance regarding selected financial trends.

The following table presents updated selected financial guidance for second quarter 2023. These projections are based on current booking trends and the Company's current outlook, and actual results could differ materially.

   

2Q 2023 Estimation

 

Previous estimation

RASM (a), year-over-year

 

Down 8% to 10%

 

Down 8% to 11%

ASMs (b), year-over-year

 

Up ~14%

 

No change

Economic fuel costs per gallon1 (c)

 

~$2.55

 

$2.45 to $2.55

CASM-X (d), year-over-year2

 

Up 5% to 8%

 

No change

Scheduled debt repayments (millions)

 

~$10

 

No change

Interest expense (millions)

 

~$65

 

No change

Posted In: LUV

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