Southwest expects lower costs in Q3
Southwest Airlines expects its Q3 financial and operational results to be within range of its previous guidance, with some metrics showing improvement. Southwest has reduced its CASM forecast by 1 percentage point, and now expects a 8-10% increase rather than one of 9-11%, it has disclosed in an SEC filing. The carrier has adjusted the figure "primarily due to the shifting of maintenance and technology expenses from Q3 into Q4 2019, and continued cost control", and notes that the "majority of year-over-year unit cost increase in Q3 2019 is driven by lower Q3 2019 capacity as a result of the Max groundings". Prior to the 13 March grounding of the Boeing 737 Max fleet, the airline had predicted that CASM would increase just 2%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-09-20/unaligned/southwest-expects-lower-costs-in-q3
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Southwest expects lower costs in Q3
Southwest Airlines expects its Q3 financial and operational results to be within range of its previous guidance, with some metrics showing improvement. Southwest has reduced its CASM forecast by 1 percentage point, and now expects a 8-10% increase rather than one of 9-11%, it has disclosed in an SEC filing. The carrier has adjusted the figure "primarily due to the shifting of maintenance and technology expenses from Q3 into Q4 2019, and continued cost control", and notes that the "majority of year-over-year unit cost increase in Q3 2019 is driven by lower Q3 2019 capacity as a result of the Max groundings". Prior to the 13 March grounding of the Boeing 737 Max fleet, the airline had predicted that CASM would increase just 2%. <br/>
