Tag: Southwest Airlines
The year so far hasn’t gone well for airline stocks, as the majority have underperformed the broader markets. The US Global Jets ETF (JETS) is up just 1.2% year-to-date.
Southwest Airlines (LUV) stock gained 3.3% Friday after Wolfe Research analyst Hunter Keay upgraded his rating to “outperform” from “peer perform.”
Southwest has budget-friendly fares. The company offered a blockbuster introductory fare when it announced the Hawaii expansion plans.
The worldwide flying ban on Boeing’s 737 MAX planes has entered its sixth month, hurting every airline that either owns or has ordered the model.
Southwest Airlines, American Airlines, and United Airlines own 72 Boeing (BA) 737 MAX planes. The airlines have already lost billions of dollars in foregone revenues.
Southwest reported better-than-expected second-quarter earnings results despite the massive negative impact from Boeing’s grounded jets.