U.S. airlines flag high fuel costs, Southwest's August bookings disappoint

Southwest Airlines said August bookings were lower than expected due to seasonal trends, but leisure demand and yields remain healthy.
Southwest, United Airlines, and Alaska Air warned of higher fuel costs in Q3 due to the recent jump in crude oil prices.
United Airlines said jet fuel prices have climbed over 20% since mid-July.
Southwest trimmed its Q3 revenue per available seat mile forecast to a 5-7% drop from a previous 3-7% drop.
Alaska Air expects a lower Q3 pre-tax margin of 10-12%, down from a previous 14-16% forecast.

reuters.com

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Southwest, United, and Other Airline Stocks Fall. A New Fear Is Emerging.

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Posted 9/6/2023, 8:53:00 PM

U.S. airlines flag high fuel costs, Southwest's August bookings disappoint

Southwest Airlines said August bookings were lower than expected due to seasonal trends, but leisure demand and yields remain healthy.
Southwest, United Airlines, and Alaska Air warned of higher fuel costs in Q3 due to the recent jump in crude oil prices.
United Airlines said jet fuel prices have climbed over 20% since mid-July.
Southwest trimmed its Q3 revenue per available seat mile forecast to a 5-7% drop from a previous 3-7% drop.
Alaska Air expects a lower Q3 pre-tax margin of 10-12%, down from a previous 14-16% forecast.

reuters.com

Relevant topic timeline:

8/23/2023

Southwest limits 'EarlyBird' service perk that lets passengers nab...

9/6/2023

Southwest, United, and Other Airline Stocks Fall. A New Fear Is Emerging.

Airline stocks, including Southwest and United, are falling due to concerns over higher fuel costs.

9/6/2023

Airlines warn about spike in fuel costs, Southwest narrows revenue outlook

9/13/2023

American, Spirit Airlines Cut Summer Profit Forecasts Due to Higher Costs and Lost Pricing Power

9/13/2023

Airline Stocks Drop as American, Spirit Cut Guidance on Weak Demand and Rising Costs

American Airlines and Spirit Airlines have both lowered their guidance for the current quarter, adding to the bearish sentiment surrounding airline stocks.

9/14/2023

Rising Costs Dampen Profit Outlook for Airlines, Delivery Firms as Unions Push for Higher Pay