Southwest Airlines shares tumble as costs rise, unit revenue slips

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Southwest Airlines shares tumble as costs rise, unit revenue slips
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'At this point in the quarter, we are booked about 70%, which is ahead of where we would typically be in the third quarter at this point,' Southwest Airlines CEO Bob Jordan says.

Southwest Airlines reported a drop in unit revenue and higher costs for the three months ended June 30.Southwest plans to revamp its 2024 schedule to reflect a slower recovery in business travel compared with leisure.Southwest Airlines Boeing 737-700 aircraft as seen landing at dusk time at Ronald Reagan Washington National Airport DCA in Arlington County, Virginia over the Potomac River in the United States of America flying over water and buildings.

The Dallas-based airline's second-quarter unit revenue dropped 8.3% from a year earlier, Southwest said, citing a policy change last summer that removed expiration dates from

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