Fall is one of the most beautiful times of the year. In the US, the leaves begin to change into vibrant hues, pumpkin patches and apple orchards welcome guests, sports seasons start to pick up, and, best of all, there’s a lull in the travel calendar causing prices to drop. One of the most highly anticipated sporting events this season is Formula 1's return to Las Vegas this year. Sin City is gearing up by offering bundle packages that combine race tickets with hotel stays on the strip. For hockey fans, Holston House Nashville is offering 10 percent off bookings and an exciting fan experience at their property. Guests can look forward to a custom jersey, dining credit, and themed cocktails.
Southwest Sees Strong Holiday Booking Trends as Q3 Results Top Estimates
24.10.2024 - 11:15 / skift.com / Bob Jordan / Meghna Maharishi
Southwest Airlines reported Thursday that it is seeing strong bookings for the holiday travel season and healthy demand as it deals with an activist investor.
The carrier’s third-quarter results beat Wall Street estimates, with a net income of $67 million and revenues of $6.9 billion. Southwest is expecting revenue to rise for the fourth quarter.
However, the carrier said it expects cancellations from Hurricane Milton and a reduction in capacity to put some pressure on its costs in the fourth quarter.
Southwest partly attributed its better-than-expected third quarter results to an industry-wide moderation in domestic capacity.
“We are laser-focused on delivering the robust set of tactical and strategic initiatives included in our plan and returning to the strong financial performance we expect,” said CEO Bob Jordan in an earnings release.
Southwest executives unveiled a plan to boost its profitability during its investor day in September. Some of the changes include premium and assigned seating, red-eye flights, airline partnerships and cutting capacity in underperforming areas.
The company said it expects the plan to add $4 billion before interest and taxes to its earnings by 2027.
Southwest is holding a call with analysts to discuss its third-quarter earnings at 12:30 p.m. ET.
What am I looking at? The performance of airline sector stocks within the ST200. The index includes companies publicly traded across global markets including network carriers, low-cost carriers, and other related companies.
The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more airlines sector financial performance.
Read the full methodology behind the Skift Travel 200.
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