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Southwest Airlines on Wednesday flagged softer August leisure bookings and joined two other US airlines in warning of higher fuel costs in the third quarter due to a jump in crude prices.

The largest US domestic carrier said August bookings were at the lower end of its expectations, in part due to seasonal trends, but maintained that overall leisure demand and yields remain healthy.

Shares of Southwest fell 4% premarket, before paring some losses to close down 2.6% at $29.97.

The forecast comes as early signs emerge of domestic travel demand weakening, with inflationary pressures hurting consumers even as carriers hand out costly contracts to retain workers.

United Airlines and Alaska Air Group also warned of higher fuel costs in the current quarter as crude oil prices rose for a third straight month in August, amid signs of tightening supply.

In a regulatory filing, United said jet fuel prices have climbed over 20% since mid-July.

The carrier also said it had no imminent plans to move its headquarters to Denver from Chicago after buying 113 acres of land there. Finance Chief Gerald Laderman at the TD Cowen Transportation Conference said the first order of business is the expansion of the flight training center in Denver.

Southwest said it continues to forecast a “solid (third-quarter) profit,” but trimmed its expectations for revenue per available seat mile – a proxy for pricing power – to a 5% to 7% fall, compared with a 3% to 7% fall forecast earlier.

Alaska Air expects a quarterly adjusted pre-tax margin of 10% to 12%, lower than its prior expectation of 14% to 16%.

US airlines do not generally hedge against fuel costs, making them vulnerable to price swings.

“The relatively quick up move in fuel has given the industry little time to respond through fares,” Citi Research analyst Stephen Trent said in a note.

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Former Bangladesh PM Sheikh Hasina sentenced to death after lethal crackdown on uprising

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Former Bangladesh PM Sheikh Hasina sentenced to death after lethal crackdown on uprising

Bangladesh’s ousted prime minister Sheikh Hasina has been sentenced to death.

It comes after the 78-year-old was found guilty of ordering lethal force in a crackdown on a student-led uprising that ended her 15-year rule.

The former leader, who is now exiled in India, was tried in absentia by the Dhaka-based International Crimes Tribunal (ICT) after the United Nations said up to 1,400 people may have been killed in last year’s violence.

Bangladesh‘s health adviser in the interim government said more than 800 people were killed and about 14,000 were injured.

Following a months-long trial, Hasina got a life sentence under charges for crimes against humanity and the death sentence for the killing of several people during the uprising.

In a statement released after the verdict, Hasina said the ruling was “biased and politically motivated” and “neither I nor other political leaders ordered the killing of protesters”.

“I am not afraid to face my accusers in a proper tribunal where evidence can be weighed and tested fairly,” she added.

“I wholly deny the accusations that have been made against me in the ICT. I mourn all of the deaths that occurred in July and August of last year, on both sides of the political divide. But neither I nor other political leaders ordered the killing of protesters.”

The students initially started protesting over the way government jobs were being allocated, but clashes with police and pro-government activists quickly escalated into violence.

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August 2024: Protesters celebrate Sheikh Hasina’s resignation

The court revealed conversations of Hasina directing security officers to drop bombs from helicopters on the protesters.

She also permitted the use of lethal weapons, including shotguns at close range for maximum harm, the court was told.

Hasina, who previously called the tribunal a “kangaroo court”, fled to India in August 2024 at the height of the uprising.

She is the daughter of Sheikh Mujibur Rahman, who led the country to independence.

Hasina is also the aunt of former UK government minister, Tulip Saddiq, who resigned from her Treasury job at the start of this year.

Ms Siddiq had faced calls to step down over links to her aunt and was also said to be facing a corruption trial in Bangladesh.

She told Sky News in August the accusations were “nothing more than a farce” and said she had never been contacted by the Bangladeshi authorities.

The ICT, Bangladesh’s domestic war crimes court located in the capital, delivered its four-hour verdict on Monday amid tight security.

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What was behind the protests?

The packed courtroom cheered and clapped when the sentence was read out.

The tribunal also sentenced former home minister Asaduzzaman Khan – also exiled in India – to death.

A third suspect, a former police chief, was sentenced to five years in prison as he became a state witness against Hasina and pleaded guilty.

The ruling is the most dramatic legal action against a former Bangladeshi leader since independence in 1971 and comes ahead of parliamentary elections expected to be held in February.

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July 2024: Bangladesh protest has ‘become a war’

Foreign ministry officials in Bangladesh have called on India to hand over the former prime minister, adding it was obligated to do so under an existing treaty between the two nations.

India’s foreign ministry said it had noted the verdict concerning Hasina and “remained committed” to the people of Bangladesh.

“We will always engage constructively with all stakeholders to that end,” the ministry added in a statement.

During the verdict, protesters had gathered outside the former home-turned-museum of Hasina’s late father demanding the building be demolished.

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Protesters gather outside the former home of Sheikh Hasina's late father, Sheikh Mujibur Rahman. Pic: AP
Image:
Protesters gather outside the former home of Sheikh Hasina’s late father, Sheikh Mujibur Rahman. Pic: AP

Police used batons and stun grenades to disperse the crowd.

Paramilitary border guards and police have been deployed in Dhaka and many other parts of the country, while the interim government warned any attempt to create disorder will be “strictly” dealt with.

Hasina’s Awami League party called for a nationwide shutdown in protest at the verdict.

The mood in the country had been described as tense ahead of Monday’s ruling.

The protests escalated during the summer of 2024. Pic: AP
Image:
The protests escalated during the summer of 2024. Pic: AP

Pic: AP
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Pic: AP

At least 30 crude bomb explosions and 26 vehicles were set on fire across Bangladesh during the past few days.

Local media said two people were killed in the arson attacks, according to the Associated Press.

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US

Most advanced US aircraft carrier arrives close to Venezuela as Donald Trump administration builds-up forces

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Most advanced US aircraft carrier arrives close to Venezuela as Donald Trump administration builds-up forces

The most advanced US aircraft carrier has travelled to the Caribbean Sea in what has been interpreted as a show of military power and a possible threat to Venezuela’s Nicolas Maduro regime.

The USS Gerald R Ford and other warships arrived in the area with a new influx of troops and weaponry on Sunday.

It is the latest step in a military build-up that the Donald Trump administration claims is aimed at preventing criminal cartels from smuggling drugs to America.

Since early September, US strikes have killed at least 80 people in 20 attacks on small boats accused of transporting narcotics in the Caribbean and eastern Pacific Ocean.

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Trump takes questions on MTG, Epstein and Venezuela

Mr Trump has indicated that military action would expand beyond strikes by sea, saying the US would “stop the drugs coming in by land”.

The US government has released no evidence to support its assertions that those killed in the boats were “narcoterrorists”, however.

The arrival of the USS Gerald R Ford now rounds off the largest increase in US firepower in the region in generations.

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With its arrival, the “Operation Southern Spear” mission includes nearly a dozen navy ships and about 12,000 sailors and marines.

Rear Admiral Paul Lanzilotta, who commands the strike group, said it will bolster an already large force of American warships to “protect our nation’s security and prosperity against narco-terrorism in the Western Hemisphere”.

Donald Trump said the US would 'stop the drugs coming in by land'. Pic: Reuters
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Donald Trump said the US would ‘stop the drugs coming in by land’. Pic: Reuters

Admiral Alvin Holsey, the US commander who oversees the Caribbean and Latin America, said in a statement that the American forces “stand ready to combat the transnational threats that seek to destabilise our region”.

Government officials in Trinidad and Tobago have announced that they have already begun “training exercises” with the US military that are due to run over the next week.

The island is just seven miles from Venezuela at its closest point.

The country’s minister of foreign affairs, Sean Sobers, said the exercises were aimed at tackling violent crime in Trinidad and Tobago, which is frequently used by drug traffickers as a stopover on their journey to Europe or North America.

Venezuela’s government has described the training exercises as an act of aggression.

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Venezuelan president breaks into song during speech

They had no immediate comment on Sunday regarding the arrival of the USS Gerald R Ford.

The US has long used aircraft carriers to pressure and deter aggression by other nations because its warplanes can strike targets deep inside another country.

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Some experts say the Ford is ill-suited to fighting cartels, but it could be an effective instrument of intimidation to push Mr Maduro, who faces charges of narcoterrorism in the US, to step down.

Mr Maduro has said the US government is “fabricating” a war against him.

The US president has justified the attacks on drug boats by saying the country is in “armed conflict” with drug cartels, while claiming the boats are operated by foreign terrorist organisations.

US politicians have pressed Mr Trump for more information on who is being targeted and the legal justification for the boat strikes.

Elizabeth Dickinson, the International Crisis Group’s senior analyst for the Andes region, said: “This is the anchor of what it means to have US military power once again in Latin America.

“And it has raised a lot of anxieties in Venezuela but also throughout the region. I think everyone is watching this with sort of bated breath to see just how willing the US is to really use military force.”

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US

Marjorie Taylor Greene ‘open to moving forward’ after row with Donald Trump

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Marjorie Taylor Greene 'open to moving forward' after row with Donald Trump

Republican congresswoman Marjorie Taylor Greene has said she is ready to mend relations with Donald Trump after a high-profile row between the pair.

The former MAGA ally had accused the president of “coming after me hard” over her efforts to get more Jeffrey Epstein files released.

But writing on X on Sunday, she said forgiveness was a “major part” of her Christian faith.

“I’m here to show how it’s possible to settle our differences and move forward as Americans,” she wrote. “That’s why I’m always willing to go on shows with different viewpoints.

“I truly believe in forgiveness and I am open to moving forward with the President.”

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Trump takes questions on MTG, Epstein and Venezuela

A day earlier, Ms Greene said she was facing threats after a barrage of criticism from Mr Trump who has called her “wacky”, a “traitor” and a “ranting lunatic”.

Ms Greene claimed “a hotbed of threats” were “being fuelled and egged on by the most powerful man in the world”.

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However, her attempt to build bridges appears to have fallen flat.

Mr Trump said on Truth Social on Sunday night that she was trying to portray herself as a victim and “nobody cares about this Traitor to our Country!”

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The new Epstein files: The key takeaways

Read more:
Who is MAGA ally Marjorie Taylor Greene?
Trump goes to war with the BBC

The row began when a petition to vote on the full release of the Epstein files received enough signatures – including Ms Greene’s – to bring it to a vote in the House of Representatives.

Despite his attacks, Trump said on social media on Sunday that “House Republicans should vote to release the Epstein files, because we have nothing to hide…”

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March 2025: Greene clashes with Sky correspondent

High-profile figures, including Mr Trump, have been referenced in some of the documents.

The president has called the Epstein files a “hoax” by the Democrats and has consistently denied any involvement or knowledge about Epstein’s sex trafficking operation.

The White House has said the “selectively leaked emails” are an attempt to “create a fake narrative” to smear Mr Trump.

Epstein took his own life in prison in 2019 while awaiting trial for sex trafficking charges.

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