More Headwinds for Southwest Airlines

In part one, Gordon Smith and Jay Shabat discuss why Southwest has cut its revenue outlook so drastically for the current quarter. In part two, we take stock for our Airline Weekly mid-year review, and ask what the coming six months could hold.
Don't forget, you can find a full archive of the Lounge here.
Background Reading:
Southwest Cuts Financial Outlook, Blames Revenue Management ‘Complexities’
Activist Investor Slams Southwest’s Outlook, Says Airline is ‘Unable to Adapt’
Southwest Faces Activist Pressure as Elliott Takes Nearly $2 Billion Stake
Southwest Defends Strategy Amid Activist Pressure
Where Are the Women? The Airline Industry Reckons With a Broad Gender Gap
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