12/5/2023 0 Comments Mason city airport airlinesSouthwest said that revenue for every seat flown one mile - a closely watched ratio in the airline business - fell 8.3% in the second quarter and will drop by between 3% and 7% in the third quarter, compared with the same periods last year. It marked the stock’s biggest one-day percentage decline since early 2020, shortly after the COVID-19 pandemic crippled air travel. The shares fell more than 9% in afternoon trading. The airline also warned Thursday that a key revenue ratio will drop and non-fuel costs will rise in the third quarter. DALLAS (AP) - Southwest Airlines said second-quarter earnings dropped 10% to $683 million as labor costs soared, offsetting record revenue at the start of the peak summer travel season.
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