Southwest Airlines raised its guidance for the fourth quarter, citing resilient travel demand and benefits from efficiency measures, sending its stock up 2.4%. The airline joined JetBlue Airways Corp., which also boosted its guidance on better-than-expected November and December demand. A $750 million accelerated share buyback is planned in Q1 2025, further boosting investor confidence.
Source: https://www.marketwatch.com/story/southwest-airlines-stock-jumps-2-4-after-carrier-becomes-latest-to-raise-fourth-quarter-guidance-0540f257