Southwest Slashes Forecast

Credit: Wochit
Published on February 20, 2019 - Duration: 00:36s

Southwest Slashes Forecast

(Reuters) - Southwest Airlines Co cut its forecast for first-quarter revenue per seat mile on Wednesday, citing weak passenger demand and a $60 million hit to first-quarter sales from the longest partial U.S. government shutdown.

On Wednesday, it quadrupled that for the full quarter and cut its growth estimate for unit revenue to a range of 3 percent to 4 percent from an earlier range of 4 percent to 5 percent.

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