Southwest Airlines (LUV.N) increased its third-quarter forecast for revenue per available seat mile (RASM) on Thursday, signaling stronger pricing power.
The airline now expects RASM to grow between 2% and 3%, an improvement from its previous projection of flat to a 2% decline (according to Reuters).
As of pre-market session, the stock of Southwest Airlines was trading 3.95% higher at $29.51
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