What does China have to do with LUV? Nothing. This just happens in a down trading flash. LUV could make $4Billion this year and more in 16 if oil holds steady or down, and it is predicted lower. Don't jump from the ship. It is a really good company and great investment. May get back in the high $40's this year. But never buy a stock with out a stop in place... Might buy more at this price.
I would increase my holding here another twenty per cent. This is a long way from topping out. When it hits $55 pull the trigger and it could hit $60. International terminal opens in Houston in October and maybe one in the future in FT. Lauderdale. This is a great company and makes a ton money currently. Oil is staying down for a long time. And buybacks are coming in Sept. I like AAL also but not as much.
It is a travesty that WS is doing what it is today to SWA. This airline has almost an 85%, EIGHTY FIVE PER CENT, load factor. They are leaving paying customers at the gate because of the lack of seats. A fare sale shut down ATT last week. DAL is now out from under the Wright Amendment. That's LOVE Field to those from bum f--- land. I fly SW a lot of the time and American also. The terminals of both are crammed with customers. Every time a CEO pulls back from expansions, the year after, they say we should have bought those jets because now we really need them. Too late now mr kelly...How are you going to add fifty cities South of the border with no expansion?