Southwest Airlines Faces 7% Share Drop Amid 2024 Capacity Reduction Plan
Tuesday, 12 March 2024, 11:19
Southwest Airlines Share Price Plunge
Southwest Airlines (LUV) witnessed a drastic 7% decline in share value during premarket trading hours on Tuesday. The sharp drop was linked to the unveiling of the airline's 2024 capacity reduction plan, which highlighted the company's challenges associated with Boeing.
Financial Guidance Update
The release of updated financial guidance by Southwest further exacerbated the negative market response, reflecting concerns about the airline's operational outlook and financial performance moving forward.
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