Southwest Airlines raises fourth-quarter unit revenue forecast

LUV

(Reuters) - Southwest Airlines on Thursday raised its forecast for fourth-quarter revenue per available seat miles, benefiting from improved pricing and a rebound in domestic travel demand.

The carrier now expects its fourth-quarter RASM, a proxy for pricing power, to be up between 5.5% and 7%, compared with its prior expectation of between 3.5% and 5.5%.

(Reporting by Nathan Gomes in Bengaluru)