Airlines got too confident, and now they are paying the price despite record-breaking travel
Southwest and American have recently announced profit outlook adjustments despite travel booming.
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- Despite booming travel, airlines are struggling to turn a profit.
- Southwest expects seat-mile revenue will decline up to 4.5%, while American predicts up to 6%.
- Experts blame fewer last-minute business travelers, overcapacity, Boeing delays, and inflated costs.
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