Southwest Airlines raises Q3 revenue forecast by 2-3% and authorizes $2.5B share buybacks.

Southwest Airlines has revised its third-quarter revenue forecast, anticipating a 2% to 3% increase in revenue per available seat mile (RASM), up from a prior estimate of flat to down 2%. This adjustment indicates strengthened pricing power and revenue growth for the airline. Additionally, the company has authorized $2.5 billion in share buybacks.