Southwest Airlines saw a 4% decrease in its shares during premarket trading on Wednesday after the airline revised its second-quarter revenue forecast downwards due to changing booking patterns. The airline now anticipates a decline of 4% to 4.5% in revenue per available seat mile, a significant shift from the 1.5% to 3.5% decrease it had
Earnings
The landscape of the restaurant industry is witnessing a subtle yet significant change in customer preferences. Darden Restaurants CEO Rick Cardenas pointed out that casual-dining chains are attracting customers who are dissatisfied with the rising prices in the fast-food sector. While Darden itself has not experienced a surge in customers due to this shift, its