Southwest Airlines (LUV) stock has declined 0.5% since its traffic update on September 12, recovering from the 2.6% decline on the day the traffic numbers were released. Since September 12, regional peer JetBlue Airways (JBLU) has risen 1.2%. Ultra-low-cost carrier Spirit Airlines (SAVE) has gained 1.5%.
Niche legacy player Alaska Air (ALK) has risen 0.6%, and United Continental (UAL) has gained 1.7% in the same period. Delta Air Lines (DAL) has remained almost flat at -0.2%, while American Airlines (AAL) has fallen 0.9%.
The Dow Jones U.S. Airline Index (DJUSAR) has also been flat at 0.1% for the same period. On the other hand, the broader market tracked by the SPDR S&P 500 ETF Trust (SPY) has gained 0.6% in the same period.
YTD (year-to-date) as of September 14, Southwest Airlines has fallen 5.8%. In the same period, United Continental stock has significantly outperformed all its peers, rising 29.9%. Spirit Airlines is the next-best performer with a gain of 8.2%. Delta Air Lines has recorded the next highest gain of 1.9% YTD.
All the other airlines have fallen. Alaska Air has fallen 8.8% YTD as of September 14. JetBlue Airways has fallen 14.1%, and American Airlines has fallen the most at 25.5%.
YTD, the broader market (SPY) has risen 8.2% in the same period.
Next, we’ll see what analysts estimate for Southwest Airlines stock. Investors can gain exposure to LUV stock through the Industrial Select Sector SPDR ETF, which invests 1.4% of its portfolio in LUV stock.