Southwest Airlines (LUV) earnings Q3 2023


A Southwest Airlines passenger jet lands at Chicago Midway International Airport in Chicago, Illinois, on December 28, 2022.

Kamil Krzaczynski | AFP | Getty Images

Southwest Airlines said Thursday it plans to slow its capacity growth next year, citing moderating travel demand as booking patterns shift back to pre-Covid pandemic norms.

Southwest will expand its flying between 10% and 12% in the first quarter of 2024 from a year earlier, down from a previous forecast of as much as 16% growth, Southwest said in an earnings release. It expects to grow between 6% and 8% for the full year 2024, it said.

Airlines have expanded their flying this year, while travelers have returned to more…

Source cnbc.com

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