shares of southwest airlines co luv rose 16 in premarket trading tuesday after the air carrier disclosed it continued to experience strong load factors and bookings for summer travel the company said based on current bookings trends it continues to expect secondquarter operating revenue to be 12 to 15 above levels seen during the same period in prepandemic 2019 but raised its load factor guidance to 85 to 87 from approximately 85 the company experienced strong revenue performance in april and may and thus far strong passenger bookings and yield strength has continued in june 2022 southwest said in a statement the company affirmed its outlook for secondquarter capacity to be down about 7 from 2019 levels and for economic fuel costs per gallon of 330 to 340 the stock has declined 168 year to date through friday while the us global jets etf jets has shed 213 and the sp 500 spx has dropped 229