While capacity remains in line with prior expectations, revenue has performed better than anticipated driven by additional revenue in July related to CrowdStrike disruptions across the industry and stronger performance in August and September.
As previously expected, unit revenue inflected positively in August, and with continued strength into September, it now expect total unit revenue to be up approximately 2% y/y in Q3 2024.
Additionally, moderating crude oil and West Coast refining margins have led us to lower economic fuel cost expectations to $2.60 to $2.70 per gallon for the quarter.
As a result of the improved revenue and fuel cost outlook, it raised adjusted EPS for Q3 2024, which now expect to be between $2.15 and $2.25.
