Southwest expects to be profitable in fourth quarter as travel recovers

Reuters2021-12-08

Dec 8 (Reuters) - Southwest Airlines said on Wednesday that it was expecting to be profitable in the fourth quarter as travel rebounds.

The airline was previously expecting a loss for the quarter due to higher fuel prices.

The Dallas, Texas-based carrier is also expecting an improvement in its fourth-quarter operating revenue, compared with its previous estimates.

It now expects revenue to be down 10-15%, compared with its previous forecast of a 15-25% fall.

Southwest shares were up 1.4 in premarket trading.

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