07:33 AM EDT, 09/26/2024 (MT Newswires) -- Southwest Airlines ( LUV ) said on Thursday its Board of Directors had authorized a new $2.5 billion share repurchase program, replacing the previous program from May 2019.

For Q3, the company revised its operating revenue per available seat mile forecast to increase by 2% to 3% from earlier estimates of flat to down 2%. Additionally, the available seat miles forecast was revised to about a 2% increase, compared with earlier estimates of no change.

For 2024, the company has adjusted its capacity forecast to a 4% increase, compared to previous estimates that showed no change.

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