Southwest Airlines jets are parked on the tarmac during the coronavirus disease (COVID-19) outbreak at Baltimore Washington International Airport in Baltimore, Maryland, United States, on May 25, 2020. REUTERS / Joshua Roberts
Dec 8 (Reuters) – Southwest Airlines (LUV.N) said Wednesday that it will be profitable in the fourth quarter as tourist traffic rebounds.
The airline had previously expected a loss for the quarter due to higher fuel prices.
The Dallas, Texas-based airline also expects its fourth quarter operating income to improve compared to previous estimates.
It now expects a 10-15% drop in sales compared to the previous forecast of a 15-25% drop.
The Southwest stock fell slightly in the pre-market trading.
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Reporting by Aishwarya Nair in Bengaluru; Editing by Anil D’Silva
Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/business/aerospace-defense/southwest-expects-improvement-operating-revenue-growth-travel-recovers-2021-12-08/
