Southwest Seen Government Adjacent Business Fall On Shutdown

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00:00Do they have a core business customer, Southwest?

00:02That's part of the problem. I think, you know, you saw that with American.

00:05They're getting their corporate strategy on track, and that's actually doing well.

00:10United and Delta continue to see that.

00:12But what Southwest called out was not so much what's happening in corporate,

00:16but they're the only ones that called a government impact because of the shutdown.

00:20In fact, they said government adjacent is slowing, too.

00:24So they were pretty notable.

00:25Even though it's not a big dollar amount, but just a very different tone than the other airlines took,

00:30which, you know, they assume the shutdown will eventually impact them,

00:33but is not impacting their financials at the moment.

00:35So how do you think about what this means for Alaska Airlines,

00:39which reports today after the close, JetBlue, which reports in about a week?

00:43I think we'll see more of the same trends across the airlines.

00:46The premium carriers do well.

00:48International offerings help.

00:50A number of premium seats added help.

00:52And then the low-cost carriers are going to continue to struggle.

00:55So I think we'll see more of the same trend going on.

00:58And Americans kind of looking to go more upstream and is successfully developing that strategy.