LUV now expects its third-quarter revenue per available seat mile to increase 2-3% on a year-over-year basis, an upside from the previous forecast of flat to down 2%.
Southwest Airlines and Allegiant issue rosy third-quarter projections based on upbeat air travel demand and low fuel costs.
Southwest (LUV) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.