Southwest tails at Chicago Midway Airport chanceb737Southwest Airlines (NYSE:LUV) is expected to announce its second quarter 2023 earnings before market open on Thursday July 27, rounding out the earnings reports for the big 4 US airlines including American (AAL), Delta (DAL), and United (UAL). Tepid Revenue Growth Expected From Southwest AirlinesSouthwest provided its first look at second quarter 2023 guidance with its 1Q2023 earnings release and released updated guidance on June 1, 2023. The most recent earnings season has resulted in a downturn in airline equities despite the strong earnings report from the big 3. Although a weaker domestic market will affect low cost carriers first, all U.S. airlines get the majority of their revenue from the U.S. Southwest Airlines management needs to demonstrate that it has a plan to address the changed strategic environment in which it operates and in which it is no longer the king of the hill.

Source: New York Times July 27, 2023 03:31 UTC