Southwest Airlines (LUV) and American Airlines (AAL, Financial) have raised their Q4 guidance, signaling positive momentum in the U.S. travel industry. Recent data shows record-high traveler numbers during the Thanksgiving holiday.
Southwest Airlines increased its Q4 revenue per available seat mile (RASM) forecast to a 5.5% to 7% growth, driven by strong travel trends and efficiency measures. The airline reported exceptional performance over the Thanksgiving period, with 27,000 flights and 3.5 million passengers. It also boasts the highest on-time rate among U.S. airlines.
American Airlines raised its Q4 adjusted earnings per share estimate to $0.55 to $0.75, surpassing analysts’ expectations. Meanwhile, JetBlue adjusted its revenue and capacity forecasts due to strong year-end travel demand.
