Southwest Air Lifts Revenue Guidance on Holiday Travel Strength

Southwest is the latest US carrier to highlight improving travel trends in recent days.
Southwest is the latest US carrier to highlight improving travel trends in recent days.Photographer: Cesar Rodriguez/Bloomberg

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Southwest Airlines Co. raised its outlook for fourth-quarter revenue, buoyed by higher travel demand and ticket prices than it had expected over the year-end holidays.

Revenue for each seat flown a mile will decline no more than 10% in the quarter from a year ago, the carrier said in a regulatory filing Wednesday. That compares with an earlier expectation for a year-over-year drop of as much as 11%.

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