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
Up Next
The Airline Weekly Lounge Podcast
Is Southwest Airlines Losing its Magic?
Southwest just had its first round of compulsory layoffs in its history. What does that mean for the low-cost pioneer and the industry as a whole?
The Airline Weekly Lounge Podcast
Breaking Down Japan Airlines and British Airways
After a sensational run of impressive profits in the 2010s, what can Japan Airlines do to restore its weakened commercial cut-through?
The Airline Weekly Lounge Podcast
What a Frontier-Spirit Merger Means for Air Travel
There are plenty of ifs, buts, and maybes, however, if a Frontier-Spirit merger does occur, it'll shake up the U.S. airline industry in a huge way.
The Airline Weekly Lounge Podcast
Breeze Airways' Big Break: A ULCC Finally Profits
As earnings season gathers pace, Jay Shabat and Meghna Maharishi take stock and share their insights on the latest numbers from Breeze Airways and American Airlines.
The Airline Weekly Lounge Podcast
Setting the Scene for a Brazilian Airline Mega-Merger
Azul-Gol's possible merger and Lufthansa's ITA Airways acquisition shake up airline competition in South America and Europe.