Southwest (LUV) to Solidify Presence in Chicago & Houston
Southwest Airlines Co LUV is planning to expand its footprint in Chicago, IL and Houston, TX. To this end, the airline intends to add services from Chicago O'Hare International Airport and George Bush Intercontinental Airport.
The new service from Chicago O'Hare will complement the carrier’s existing operations from its hub at Chicago Midway International Airport. Having launched operations in Chicago in 1985, Midway has been one of Southwest’s busiest airports.
The new service from George Bush Intercontinental will mark the carrier’s return to the airport. Southwest, which has its existing operation at William P. Hobby Airport in Houston, served George Bush airport till 2005. The Dallas, TX-based low-cost carrier expects to begin operations in both the abovementioned airports in the first half of 2021.
Southwest Airlines Co. Price
Southwest Airlines Co. price | Southwest Airlines Co. Quote
In another expansion initiative, Southwest announced plans to begin services connecting Miami, FL with Tampa, FL; Baltimore /Washington; Houston (Hobby) and Chicago (Midway). It will also connect Palm Springs, CA with Oakland, CA; Phoenix, AZ; and Denver, CO. These services are expected to begin from Nov 15, 2020.
Effective Dec 19, 2020 through Apr 5, 2021, the airline will operate seasonal services between Montrose, CO (Telluride) and; Denver, CO and Dallas (Love Field).
Zacks Rank & Key Picks
Southwest carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader Transportation sector are Expeditors International of Washington Inc EXPD, Old Dominion Freight Line Inc ODFL and Knight-Swift Transportation Holdings Inc KNX. While Expeditors carries a Zacks Rank #2 (Buy), Old Dominion and Knight-Swift sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Expeditors, Old Dominion and Knight-Swift have rallied more than 19%, 58% and 12% respectively so far this year.
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Southwest Airlines Co. (LUV) : Free Stock Analysis Report
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Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report
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