Southwest Airlines will rein in its growth in capacity from a gallop to a trot as the airline tries to turn around a key industry metric. Dallas-based Southwest’s (NYSE: LUV) shares dropped sharply Wednesday after the airline announced that its revenue generated from each seat flown a mile dropped 4.1 percent in the third quarter. Southwest projected that metric will fall 4 percent to 5 percent in the fourth quarter. Southwest will slow its 2017 available seat mile growth rate to less than 4…
from http://www.bizjournals.com/baltimore/news/2016/10/27/southwest-ceo-gary-kelly-our-growth-is-absolutely.html?ana=RSS%26s=article_search
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