Tech outage to impact results for Southwest Airlines in Q3

• A technology mishap at Southwest Airlines (LUV +0.6%) that led to the cancellation of over 2K flights last month will cost the company between $54M and $82M, according to a rough estimate from The Dallas Morning News.
• The company warned that passenger revenue per available seat mile will be 50 bps lower in Q3 due to the incident and cost per seat mile will be 1% to 2% higher.