Southwest Airlines Co. (NYSE:LUV) Q2 2023 Earnings Call Transcript

Bob Jordan: And I think we probably mentioned this several times, but if you look at our fare performance in the second quarter and sort of run that through, you just have to be aware of this breakage change from last year, about $300 million impact that impacted year-over-year the fare calculation. So if you just look at average fares year-over-year, I think it looks like they’re down 2.7%. If you normalize that for the breakage impact last year, they’re actually up this year, 2.2%. They’re actually up. So I just — as you think about our fares and extrapolating that, just want to make sure you know that because they are actually up year-over-year.

David Slotnick: Thank you. And then just from what visibility you do have, do you think that a shoulder season is going to come back for this fall, or is that sort of the thing in the past?

Ryan Green: I think I just would characterize what we’re seeing in terms of demand and the bookings that we have in place for the fall that would — that tells me that we’ve got a strong third quarter ahead of us here.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Ms. Rutherford for any closing remarks.

Linda Rutherford: Thank you, Anthony. If you all have any other follow-up questions, you can reach our communications team at 214-792-4847 or through our media website portal at www.swamedia.com. Thank you all so much.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.