Southwest's Rocky Q3 Outlook Sparks Doubts Over Steep Q4 Profit Climb
1. LUV reported Q2 earnings of 43 cents, missing estimates of 51 cents. 2. Revenue fell short at $7.24 billion, below the expected $7.3 billion. 3. Goldman Sachs maintains a Sell rating, raising price target to $24. 4. September quarter outlook worsens, anticipating a loss of 12 cents per share. 5. Management indicates a need for a high RASM growth in Q4 to meet EBIT targets.