Tag: Southwest Airlines Stock
On Monday, Southwest Airlines said that it will accelerate inspections of 38 remaining second-hand jets. The company bought the jets from foreign carriers.
On October 30, Southwest Airlines announced that it will launch two daily flight services from the San Diego airport to the Hawaiian Islands next year.
Bernstein analyst David Vernon cut his rating on Southwest stock to “market perform” from “outperform.” However, he raised the target price to $61 from $58.
Southwest Airlines (LUV) stock soared 2% today after the company reported better-than-expected Q3 earnings results.
Reduced capacity and increased costs due to the 737 MAX's prolonged grounding could negatively impact Southwest Airlines’ Q3 earnings, due on October 24.
On Monday, Southwest Airlines’ (LUV) pilot union warned that the airline might not resume Boeing (BA) 737 MAX services in January 2020.
On Wednesday, Southwest Airlines (LUV) stock rose 1% and outperformed most of its peers' intraday gains. The stock outperformed the broader market as well.