Southwest latest US carrier to cut full-year forecast on fuel challenge

Southwest Airlines has reduced its projected annual profit, aligning with Delta Air Lines and United Airlines in acknowledging the impact of elevated fuel costs. The airline now anticipates adjusted earnings per share to fall within a range of $2.60 to $2.85 for the year. This represents a notable downgrade from their previous guidance of $3.25 to $4.25. High fuel prices are cited as the primary driver behind this revised forecast across multiple major US carriers. Southwest’s revenue growth experienced during the third quarter did not sufficiently offset these escalating expenses.