Southwest cuts annual profit forecast as fuel costs outweigh higher fares and turnaround gains
Bookmark this storySouthwest Airlines sharply lowered its full-year profit outlook on Wednesday, saying surging fuel costs outweighed gains from higher airfares and its business overhaul. The move follows similar forecast cuts by Delta Air Lines and United Airlines as elevated fuel prices pressure U.S. carriers, despite revenue growth and third-quarter profit improvement at Southwest.
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