(AOF) – Southwest Airlines is expected to decline sharply in pre-market on Wall Street after announcing a drop of 9 to 11% year-on-year in its RASM (revenue per available seat/mile) in the fourth quarter while the company “ completes the restoration of the network and normalizes the use of the fleet. Despite “record” operating revenues in the third quarter, up 4.9% to $6.5 billion, net profits fell 30% year-on-year, from $277 million to $193 million. due to cost inflation and rising wages.
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