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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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