Southwest Airlines third-quarter profit fell from a year ago but topped Wall Street estimates while the carrier works to drum up revenue and fend off activist investor Elliott Investment Management. The Dallas-based carrier on Thursday forecast unit revenue for the fourth quarter up 3.5% to 5.5% on a 4% drop in capacity compared with a...
American Airlines CEO on Thursday vowed to be “diligent” in making sure capacity doesn’t outgrow demand after the carrier slashed its profit forecast for the year after a backfired sales strategy and an industrywide glut of flights that have forced airlines to discount seats. American said it expects to earn an adjusted 70 cents to...
Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets during what is usually the most lucrative period of the year. Southwest said unit revenue for the current quarter could fall as much as 2% over last year and...