"Southwest Airlines Stock Takes a Steep 16% Dive in Just 16 Days"
Southwest Airlines stock has plummeted 16% in just 16 days, erasing the optimism that had been building around the airline industry's recovery. The company reported subpar second-quarter results, with unit revenue falling 8.3% from last year and management expecting further declines. Rising costs, including labor and fuel, are also putting pressure on Southwest's profitability. The airline plans to adjust its flight schedule and network to boost unit revenue, but analysts believe bolder cost-cutting measures are needed for a true turnaround. Until then, investors are advised to stay away from Southwest Airlines stock.