Southwest Air CFO Warns of Ongoing Softness in Travel Demand

Southwest Airlines Co. continues to see softness in air travel demand that emerged earlier this year and pushed many carriers to pull back their profit forecasts.

“We have not seen in the industry an inflection back,” Southwest CFO Tom Doxey said at a Wolfe Research conference on Thursday. The airline expects unit revenue to be flat to down 4% this quarter, after seeing the measure come in 6 points below its outlook at the start of 2025.