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Shares of Southwest Airlines Company (LUV.N) soared nearly 10% following the company’s increased third-quarter forecast for revenue per available seat mile (RASM), indicating improved pricing power. The airline now anticipates RASM growth of 2% to 3%, an upgrade from its prior projection of flat to a 2% decline, according to Reuters.
As of 10:15 am the shares of Southwest Airlines stock was trading 9.90% higher at $31.20
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