Southwest Airlines shortens outlook to 2Q only

Spanish Market: Oil products
24/04/25

Southwest Airlines withdrew its full-year 2025 and 2026 financial forecasts due to economic uncertainty caused by US tariffs.

The US-based passenger airline limited its outlook to just the second quarter 2025 during its first quarter earnings release on Thursday, saying a projected economic slow-down would pressure unit revenue to be flat and possibly fall by 4pc compared to the second quarter 2024.

In the second quarter available seat miles (ASM) — a measure of capacity — are expected to rise by 1-2pc compared to the same quarter in 2024.

First quarter ASMs were down by 1.9pc to 41.3bn from the same three-months in 2024, which was in-line with their expectations. Southwest's first quarter load factor, or the percentage of seats filled, dropped by 4.4pc from the prior year to 73.9pc.

First quarter total operating expenses, including jet fuel, dropped by 2.2pc from the previous year to $6.65bn. Southwest paid $2.49¢/USG for jet fuel in the first quarter, a decrease of 16pc from 2024.

Fuel efficiency improved in the first quaer due more fuel-efficient aircraft, with 500mn USG consumed, down by 4.6pc compared to the same quarter in 2024. Expected lower jet fuel prices should help ease operating cost in the upcoming months. Southwest expects to pay $2.20¢/USG to $2.3¢/USG for jet fuel in the next quarter.

Southwest narrowed its first quarter 2025 net loss to $149mn from $231mn a year earlier.

By Carrie Carter

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06/11/25

Airports named for planned US flight cancellations

Houston, 6 November (Argus) — Forty North American airports will see traffic cut by 10pc starting Friday if no deal is reached to reopen the federal government, US transportation secretary Sean Duffy said today as the shutdown hit its 37th day. Airports that would see flights cancelled include Hartsfield-Jackson Atlanta International, George Bush Houston Intercontinental, Los Angeles International Airport, Newark Liberty International Airport and Ontario International Airport in Canada ( see table ). Since 1 November, total flight cancellations within, to and out of US airports totaled more than 870 flights as of 11:20 ET today, while more than 25,900 flights have been delayed, according to flight-tracking company FlightAware. The count includes mechanical, weather, and other incidents. United Airlines said today that its long-haul international and hub-to-hub flights will not be impacted by the planned traffic cancellations, but rather regional and domestic mainline flights that are not between hub airports will be the focus of cancellations. Air traffic controllers and Transportation Security Administration (TSA) agents have been working without pay since the partial US government shutdown started on 1 October. Staffing shortages prompted the Federal Aviation Administration (FAA) to periodically issue temporary ground stops at some airports because of a lack of air traffic controllers, while TSA staff shortages led to hours-long security check-ins. Even before the shutdown the FAA has been far short of its targeted number of air traffic control employees. Controllers have seen a 3,800 worker shortage during the shutdown, National Air Traffic Controllers Association president Nick Daniels said late last month. Earlier this week Duffy blamed the shutdown on Democrats, warning if they did not vote to reopen the government within a week, the country would see "massive cancellations." "We are going to proactively make decisions to keep the airspace safe," Duffy said in a press conference on Wednesday. By Hunter Fite US/Canada airports subject to 10pc traffic cuts Anchorage International Detroit Metropolitan Wayne County Los Angeles International Portland International, Oregon Hartsfield-Jackson Atlanta International Newark Liberty International New York LaGuardia Philadelphia International Boston Logan International Fort Lauderdale/Hollywood International Orlando International Phoenix Sky Harbor International Baltimore/Washington International Honolulu International Chicago Midway San Diego International Charlotte Douglas International Houston Hobby Memphis International Louisville International Cincinnati/Northern Kentucky International Washington Dulles International Miami International Seattle/Tacoma International Dallas Love George Bush Houston Intercontinental Minneapolis/St Paul International San Francisco International Ronald Reagan Washington National Indianapolis International Oakland International Salt Lake City International Denver International New York John F Kennedy International Ontario International Teterboro Dallas/Fort Worth International Las Vegas Harry Reid International Chicago O`Hare International Tampa International US transportation secretary Sean Duffy Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US to cut 10pc of flights at some airports: Duffy

05/11/25

US to cut 10pc of flights at some airports: Duffy

Houston, 5 November (Argus) — The US will begin to cut airline traffic by 10pc at high volume airports starting this Friday if no deal is reached to reopen the federal government, US transportation secretary Sean Duffy said today as the shutdown hit its 36th day. During a press conference Duffy said that the 10pc cut in airline traffic will be applied to 40 different airports, which will be named tomorrow. The Federal Aviation Administration (FAA) will hold meetings with airlines and airports tonight to collaborate on the schedule reductions. Air traffic controllers and Transportation Security Administration (TSA) agents have been working without pay since the partial US government shutdown started on 1 October. Staffing shortages prompted the FAA to periodically issue temporary ground stops at some airports because of a lack of air traffic controllers, while TSA staff shortages led to hours-long security check-ins. Even before the shutdown the FAA has been far short of its targeted number of air traffic control employees. Controllers have seen a 3,800 worker shortage during the shutdown, National Air Traffic Controllers Association president Nick Daniels said late last month. Earlier this week Duffy blamed the shutdown on Democrats, warning if they did not vote to reopen the government within a week, the country would see "massive cancellations." Since 1 November, total flight cancellations within, to and out of US airports totaled more than 795 flights as of 4pm ET today, while more than 21,600 flights have been delayed, according to flight-tracking company FlightAware. The count includes mechanical, weather, and other incidents. "We are going to proactively make decisions to keep the airspace safe," Duffy said. If the pressures continue to build through the shutdown, additional measures will be necessary, FAA administrator Bryan Bedford said. By Hunter Fite Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU-Minister einigen sich auf verzögerten ETS 2-Start

05/11/25

EU-Minister einigen sich auf verzögerten ETS 2-Start

Hamburg, 5 November (Argus) — Die Umweltminister der EU-Mitgliedstaaten planen, den Start des international Emissionshandel für den Verkehr- und den Gebäudesektor um ein Jahr auf 2028 zu verschieben. Dies ist Teil einer Einigung der Ministerien bezüglich des Klimaziels bis 2040 vom 5. November. Ursprünglich hätte der internationale Emissionshandel (ETS 2), welcher die nationale CO2-Abgabe ablösen soll, bereits 2027 starten sollen. Deutschland führt daher als Übergangsregelung für 2026 eine auktionsbasierte CO2-Abgabe ein, da auch im ETS 2 die CO2-Zertifikate versteigert werden sollen. Allerdings sieht die europäische Richtlinie für das ETS 2 die Option vor, ein Jahr später zu starten, sollten die durchschnittlichen Gas- oder Rohölpreise außergewöhnlich hoch sein. Die EU-Kommission hätte bis zum 15. Juli 2026 Zeit, dies zu evaluieren und zu entscheiden. Da die Minister jedoch vorschlagen, die Verschiebung des Starts des ETS 2 im Rahmen des Gesetzes zu verabschieden, welches auch die Klimaziele bis 2040 festlegt, müsste dies durch das EU-Parlament beschlossen werden. Dieser Beschluss wird bis Ende des Jahres erwartet. Die Initiative ging von Polen aus. Sollte die Verzögerung eintreten — sei es durch den Beschluss des EU-Parlaments auf Basis des Vorschlages der EU-Umweltminister oder aufgrund der Energiepreisklausel — würde der nationale Emissionshandel in seiner am 31. Dezember 2026 gültigen Form fortgesetzt werden. Aktuell bedeutet dies, dass Unternehmen dann zwischen 55 € und 65 € pro Zertifikat bei Auktionen bieten müssen, mit der Möglichkeit, zu einem Festpreis von 68 € pro Zertifikat nach Abverkauf der Versteigerungsmenge Zertifikate nachzukaufen. Inverkehrbringer von Heizöl, Diesel und Benzin stellt dies vor die Hürde, nicht genau zu wissen, wie hoch die CO2-Abgabe für sie ausfallen wird, da sie den Zuschlagspreis der Auktionen nicht vorhersagen können. Somit ist es für sie schwieriger, die CO2-Kosten in ihren Preiskalkulationen zu berücksichtigen. Die Minister haben sich darüber hinaus darauf geeinigt, dass die EU-Staaten ihre Treibhausgasemissionen bis 2040 um 90 % reduzieren müssen gegenüber dem Niveau von 1990. Bis zu 5 Prozentpunkte der Minderungen der gesamten EU dürfen dabei über die Anrechnung hochqualitativer internationaler Zertifikate erreicht werden. Ab 2036 soll die Anrechnung der Zertifikate möglich sein; bereits ab 2031 soll ein Pilotmarkt für den Handel mit diesen Zertifikaten initiiert werden. Deutschland — vertreten durch Bundesumweltminister Carsten Schneider — hat sich gemeinsam mit den Niederlanden dafür eingesetzt, dass maximal 3 Prozentpunkte durch Zertifikate erreicht werden können. Von Max Steinhau & Dafydd ab Iago Senden Sie Kommentare und fordern Sie weitere Informationen an feedback@argusmedia.com Copyright © 2025. Argus Media group . Alle Rechte vorbehalten.

Tanzania's Dar Es Salaam port reopens

05/11/25

Tanzania's Dar Es Salaam port reopens

London, 5 November (Argus) — Tanzania's major bulk port of Dar Es Salaam has reopened and was expected to be fully operational by the afternoon of 5 November. Fertilizer storage and logistics company C.Steinweg said its facilities at the port are fully operational and that the port's immediate focus is on the movement of import cargo from the terminal to free up space. It added that export containers will start being accepted from 6 November. The roads around the port remain partially blocked, limiting truck movements in and out of the area. Fuel supply challenges also persist, although public transport availability is gradually improving. The port had been closed since 30 October due to nationwide unrest following recent general elections in Tanzania. Bulk vessels had started to build up outside the port waiting to discharge and load cargoes, and the congestion will take some time to clear. By Fenella Rhodes Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Proposed EU 2035, 2040 climate targets disappoint: NGOs

05/11/25

Proposed EU 2035, 2040 climate targets disappoint: NGOs

Brussels, 5 November (Argus) — EU environment ministers have proposed a 2040 climate target that falls short of what is needed, while the range presented for the 2035 goal lacks "decisiveness", non-governmental organisations (NGOs) said. NGO Greenpeace called for the bloc to respect advice by the European Scientific Advisory Board on Climate Change for domestic greenhouse gas (GHG) cuts of 90-95pc by 2040. EU environment ministers agreed today on a GHG emissions reduction for the bloc of 90pc by 2040, from 1990 levels. This includes the use of up to 5pc international carbon credits from 2036, which effectively corresponds to a domestic GHG cut of 85pc, as international credits would make up the remainder. Both EU states and the European Parliament will have to agree a final text for the 2040 climate target. Ministers also approved a range of 66.25-72.5pc in GHG cuts by 2035, from the 1990 baseline, which sets the core of the bloc's climate plan, just ahead of the UN Cop 30 climate summit in Belem, Brazil. "Cutting climate pollution by 90pc was never enough for the EU to make a fair contribution," said Greenpeace EU climate campaigner Thomas Gelin. He noted a much lower climate commitment for 2040 due to a revision clause for factors such as high energy prices, global competitiveness, progress towards the intermediate targets and technological advance. The ministers' proposition for a 90pc GHG reduction by 2040 with the help of international credits rings "somewhat hollow" for Amelie Laurent, policy advisor at non-governmental Bellona. But she called on parliament to vote for the 90pc figure, although work needs to be done on strengthening the credibility of the target. The effective weakening of the EU's 2040 target to 85pc, with up to 5pc of international carbon credits, and a one-year delay to the implementation of the emissions trading system for road transport, buildings and other sectors (ETS2), puts Europe's climate leadership at risk, said Federico Terreni, climate policy manager at NGO Transport & Environment. "The parliament needs to push back against the delay to ETS2 and maintain car CO2 standards," said Terreni. Meanwhile, the 2035 goal, which forms the basis of the bloc's nationally determined contribution (NDC) — its climate plan — lacks "decisiveness" for climate think-tank E3G. It does not do justice to the broad agreement on the EU's domestic climate trajectory. But unanimous adoption by EU ministers of the ranged NDC would allow the EU to have a "stronger hand" at Cop 30, E3G added. A tight vote in the environment committee is expected on 10 November with the largest centre-right EPP group holding a key position. The Czech draftsman Ondrej Knotek, a Czech member of the far-right Patriots For Europe group, has previously called for 2040 targets to be rejected. A final plenary vote, scheduled for 13 November, will pave the way for negotiations between parliament and EU states for the final legal text. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Southwest Airlines shortens outlook to 2Q only

Related news posts

Airports named for planned US flight cancellations

Airports named for planned US flight cancellations

US to cut 10pc of flights at some airports: Duffy

US to cut 10pc of flights at some airports: Duffy

EU-Minister einigen sich auf verzögerten ETS 2-Start

EU-Minister einigen sich auf verzögerten ETS 2-Start

Tanzania's Dar Es Salaam port reopens

Tanzania's Dar Es Salaam port reopens

Proposed EU 2035, 2040 climate targets disappoint: NGOs

Proposed EU 2035, 2040 climate targets disappoint: NGOs

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