Shares of Southwest Airlines (LUV) increased 1.1% to close at $58.90 on June 8 after the company updated guidance of its financial and operational trends, as well as its aircraft order book. Southwest is one of the major airlines of the United States and the world's largest low-cost carrier airline. (See LUV stock analysis on TipRanks) The company expects its June revenues to grow on the back of leisure passenger traffic and fares. It also estimates operating revenues in July to be sequentially better. Furthermore, Southwest expects its second-quarter 2021 capacity to grow 87% year-over-year. Further, it forecasts August 2021 capacity to increase by approximately 39%.
https://www.tipranks.com/news/southwest-airlines-foresees-revenue-growth-orders-34-more-boeing-737-max-aircraft
Southwest Airlines (NYSE:LUV)
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