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Southwest Airlines Co. Moreover, the consensus mark implies Southwest Airlines has surpassed the Zacks Consensus Estimate in three of the preceding four quarters, the average beat being However, the company missed the Zacks Consensus Estimate in one quarter and met the mark in the remaining quarter.
The top line is likely to have been aided by healthy leisure demand and continued yield strength. Backed by this uptick, LUV now anticipates its fourth-quarter revenue per available seat mile RASM or unit revenues to increase in the range of 5. This marks an improvement from the previous forecast of growth of 3. The upside was driven by improving industry demand trends and the company's revenue management techniques.
The solid growth in unit revenues is backed by consistent travel demand and benefits from the successful execution of tactical actions which include improving network optimization and capacity rationalization, marketing and distribution evolution, and continued efforts to advance revenue management techniques.