Southwest Airlines Stock Falls as It Pulls Outlook, Cuts Capacity

1. LUV faces a premarket decline after withdrawing earnings projections. 2. Reported an adjusted loss of $0.13 per share, better than expected. 3. Capacity reduction announced due to ongoing macroeconomic uncertainties. 4. New baggage fees and a basic economy ticket option are forthcoming. 5. Shares have dropped nearly 25% this year, declining 3% premarket.