Southwest Cuts Full-Year Guidance as Fuel Prices Rise

Southwest Airlines has revised its full-year guidance, citing rising fuel prices as a significant factor impacting financial performance. The airline now anticipates that its fourth-quarter fuel costs will average approximately $4.55 per gallon. This projection represents an increase compared to previous estimates and reflects current market conditions for aviation fuel. Consequently, Southwest’s previously stated full-year net passenger revenue growth outlook has been reduced. Executives are closely monitoring the volatile energy sector's impact on operational expenses.