Southwest Airlines joins rivals Delta, United in cutting flights, scrapping forecasts
1. Southwest Airlines withdraws its financial forecast due to economic uncertainty. 2. Bookings have softened in domestic leisure travel affecting revenue projections. 3. Southwest's shares fell 3% in after-hours trading following the announcement. 4. The airline plans cost measures amid declining demand and weaker consumer spending. 5. Unit revenue may decline by 4% compared to last year, signaling pricing power issues.