A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii.
Kevin Carter | Getty Images
Southwest Airlines on Wednesday cut its second-quarter revenue forecast, citing changing booking patterns.
Southwest expects revenue per available seat mile, the amount the airline brings in for every seat it flies one mile, will fall between 4% and 4.5% in the second quarter over last year, after previously estimating a 1.5% to 3.5% decline.
It also said its unit expenses, excluding fuel, would be up as much as 7.5% over the year-earlier period, after previously expecting no change.
It said its capacity would rise as much as 9% instead of the flat growth it had previously expected in how much it flies.
Southwest still expects record quarterly operating revenue in the second quarter.
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