Reported about 19 hours ago
Southwest Airlines' recent Q2 earnings report fell short of expectations, leading to a decline in stock prices and concern over a challenging outlook for Q3. Analysts predict a significant increase in revenue per available seat mile (RASM) needed in Q4 to meet full-year profit targets, contrasting with historical trends. Despite these difficulties, some analysts have adjusted earnings forecasts upwards, but maintain a sell rating due to anticipated risks and potential declines in stock value.
Source: YAHOO