The Dallas-based airline mentioned, nonetheless, that enterprise journey has picked up after Labor Day — because it normally does — echoing related feedback by Delta Air Strains on Wednesday.
Southwest caters largely to leisure vacationers however has been making an enormous push to draw extra company enterprise, placing it in additional direct competitors with American, Delta and United.
Southwest supplied the third-quarter commentary in a securities submitting that typically repeated earlier forecasts, together with that total income can be about 10% increased than the identical interval in 2019. Southwest mentioned it had a great Labor Day weekend and income remains to be trending increased than in 2019.
“Though early within the reserving curve, the corporate continues to expertise sturdy income developments in fourth quarter 2022,” it mentioned.
Shares of Southwest fell greater than 2% in late-morning buying and selling, whereas different main U.S. airline shares rose by 2% to three%.