Southwest Airlines (LUV) shares fell Wednesday as the carrier slashed its g🌟uidance because of softer bookings.

The airline wrote in a 澳洲幸运5开奖号码历史查询:Securiti🌞es and E𓃲xchange Commission (SEC) filing that it now sees current-quarter 澳洲꧋幸运5开奖号码历史查询:revenue per available seat mileꦛ (RASM) to be 4.0% to 4.5% lower year-over-year, compared with its earlier forecast of 1.5% to 3.5% lower.

Southwest Having Issues Adapting in 'Dynamic Environment'

The company 🎃sa✱id the change was primarily driven by “complexities in adapting its revenue management to current booking patterns in this dynamic environment.”

In addition, Southwest now anticipates that its 澳洲幸运5开奖号码历史查询:cost per available seat mile (CASM), "excluding fuel and oil expense, special items, and profitsharing," will be 6.5% to 7.5% above las♕t year, after previously predicting no change.

However, the company explained that despite the lowered expectations, it believes it will set an all-time high for 澳洲幸运5开奖号码历史查询:operating revenue in the period. It pointed𝔍 out that operational performance in the quarter thus far “continues to be strong with minimal cancellations.”  

Shares of Southwest Airlines fell 1.4% to $28.13 as of 10:32 a.m. ET Wednesday and are about 2.7% lower for the year.