|Bid||51.55 x 900|
|Ask||51.50 x 800|
|Day's Range||50.89 - 52.10|
|52 Week Range||44.28 - 64.02|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||12.18|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||0.72 (1.39%)|
|1y Target Est||59.24|
Southwest Airlines, Dish, CBS, PG&E and Tesla are the companies to watch.
Southwest Airlines Co expects higher unit revenues, and costs, in the second quarter than previously forecast due to the ongoing grounding of Boeing's 737 MAX aircraft, which has led to more than a hundred flight cancellations per day. The global MAX grounding, which followed two deadly crashes in Indonesia and Ethiopia, has meant that airlines have fewer seats to sell, even though costs remain. Southwest last week joined larger rival American Airlines in extending its removal of the MAX planes from its schedules until the start of September.
Southwest Airlines shares fell even after the company raised unit revenue guidance. Its grounded Boeing 737 Max fleet is hitting capacity and seeing rising costs.
CHICAGO (Reuters) - Southwest Airlines Pilots Association (SWAPA) plans to seek compensation from Boeing Co for "every dollar" of money spent cooperating with the U.S. Justice Department's criminal probe into two 737 MAX crashes, its president said in a letter to pilots. In the letter, Captain Jon Weaks said expenses related to the subpoena of its records and information regarding the MAX, as well as the loss of flying to its members "is very expensive." (Reporting by Tracy Rucinski; editing by Jonathan Oatis
shares edged higher Wednesday after the carrier boosted the lower end of its second-quarter profit forecast but noted that all 34 of its Boeing 737 MAX jets will remain grounded until at least September. 737 MAX jet, which Southwest said it doesn't expected to return to scheduled flights until at least September. "The Company's second quarter 2019 capacity guidance reflects the impact of the grounding of all 34 737 MAX 8 aircraft in its fleet through August 5, 2019, as previously disclosed, resulting from a Federal Aviation Administration emergency order issued on March 13, 2019 for all U.S. airlines to ground all Boeing 737 MAX aircraft," Southwest said in a filing with the SEC.
Southwest Airlines Co (NYSE: LUV ) cut second-quarter available seat miles per gallon guidance from down 1% to flat, to down 1-2% due to the grounding of its Boeing 737 MAX. The airline highlights the ...
Southwest Airlines Co trimmed its forecasts for second quarter capacity and fuel efficiency on Wednesday to reflect the impact of the grounding of all 737 MAX 8 aircraft in its fleet. The airline said https://www.sec.gov/Archives/edgar/data/92380/000009238019000073/coverpage06-19x19.htm in a regulatory filing it now expects second quarter fuel efficiency to decrease in the 1% to 2% range, compared with its previous forecast of flat to down 1%, reflecting the impact of the grounding of its Boeing 737 MAX 8 aircraft through Aug. 5. Southwest last week joined larger rival American Airlines in extending its removal of Boeing's currently grounded MAX planes from its schedules until the start of September.
Shares of Southwest Airlines Co. were little changed in premarket trading Wednesday, after the air carrier raised its second-quarter unit revenue guidance while extending the length of time it expects its 737 Max 8 aircraft will be grounded. The company also cuts its capacity guidance to reflect a lower-than-expected completion factor and the grounding of all 34 of its 737 Max 8 aircraft made by Boeing Co. through Aug. 5. "As the timeline remains uncertain for the MAX aircraft to return to service, the Company is revising its flight schedule to remove all MAX flights through September 2, 2019," the company said in a statement. Southwest now expects revenue per available seat mile (RASM) to rise 6.5% to 7.5% from a year ago, compared with previous guidance of 5.5% to 7.5%. Available seat miles (ASMs) is expected to decline 3.5%, compared with the previous outlook of a 2%-to-3% decline. Meanwhile, the company raised its growth outlook for costs per available seat mile (CASM) to 11.5% to 12.5% from 10.5% to 12.5% and lowered its guidance range for ASMs per gallon, or fuel efficiency, to a decrease of 1% to 2% from flat to down 1%. The stock has gained 11.2% year to date, while the NYSE Arca Airline Index has climbed 13.5% and the S&P 500 has advanced 16.4%.
It's not difficult to use Amazon.com (NASDAQ:AMZN) as a proverbial punching bag. Not only does the internet behemoth pay practically nothing in corporate income taxes, but with Amazon stock at its current price, CEO Jeff Bezos is the world's wealthiest man. Such a high profile keeps everything he and his company does under constant scrutiny.Source: Shutterstock The world has not been shy about doing so either, consistently pointing out how little the big company hands over to the IRS in any given year. Presidential candidate Joe Biden was the most recent to chime in, echoing similar sentiments served up by fellow Democrats Bernie Sanders and Alexandria Ocasio-Cortez.It's been straw man for years though.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhatever the history of the criticism, as is so often the case in the game of political rhetoric, inconvenient details are omitted as needed. The reality is Amazon pays every penny of taxes it owes.And, perhaps more prescient to current and prospective owners of Amazon stock, there's going to come a point in time when the company is forced to pay a tax bill that looks a little more like those paid by comparable corporations. Every Penny OwedLast year's tax bill? Nada. Zip. In fact, Amazon received a refund of $129 million despite a pretax profit of $10.8 billion. That was only a little less than its 2017 refund, when it booked a pretax profit of $5.4 billion. * 5 Stocks to Buy for $20 or Less Investors need to be careful about lumping all tax liabilities into one aggregate sum though. While it's true that Amazon hasn't paid any Federal income tax since 2016 (and even before then paid very little), there is more to a corporate tax liability than just Federal taxes on profits. The frustration is ultimately rooted in deductions that have been reducing corporate tax liabilities since well before President Donald Trump's business-friendly tax code overhaul went into effect in 2017. Namely, the company's investments in research and development (R&D), its investment in property and equipment, and the cost of shares granted to employees as part of compensation packages all whittle down Amazon's tax liability in any given year. In most cases, that spending pares back tax bills on a dollar-for-dollar basis.For 2018, R&D spending shaved $419 million from its tax liability. Stock-based compensation took it down another $1.1 billion.Then there's the historical losses being carried forward to offset future profits.Although with a different schedule, as is the case for personal income taxes, losses that would exceed maximums permitted in any given year can be saved and then applied in later years, until fully extinguished.Amazon.com operated in the red for years since its inception in 1994, only turning a reliably recurring profit after 2014. There are still past losses on the books that will be used to offset future earnings' incurred taxes. With profits now the new norm, Amazon is using up the remainder of those past losses at a healthy clip.Most important: Amazon has, to the best of its ability, remained 100% compliant with U.S. and state tax laws, paying every penny it owes even if not one cent more. The Rest of the Story for AMZNTo that end, it's unfair to acknowledge-but-excuse Amazon's modest tax burden without pointing out a bigger-picture upside. That is, while Amazon may owe little to no taxes in any given year, it's still responsible for facilitating an enormous degree of tax revenue that might never take shape if the company didn't exist.Case in point: Amazon turned over $1.18 billion worth of state, local, and international tax receipts to the appropriate entities in 2018.Perhaps the most relevant but most overlooked nuance of Amazon's tax-revenue driving capacity is the write-down of its stock-based compensation plan. While the program reduces income that would otherwise be taxed at a maximum of 21%, it's passed along to high-earning employees who may pay a marginal rate of as much as 37% on the entire amount of Amazon stock granted them.In a sense, by paying less in corporate income tax, it's possible Amazon is generating even more tax revenue than it would by spurring greater personal income tax receipts.Less directly, the tax-reducing spending on research and property -- an option offered to all corporations -- helps create jobs that spur more tax collection. That's why such spending is incentivized. Bottom Line for Amazon StockFor the record, it's not just Amazon that hasn't paid Federal income tax. General Motors (NYSE:GM), Netflix (NASDAQ:NFLX), Southwest Airlines (NYSE:LUV) and a whole slew of other major corporations have sidestepped at least one year's worth of tax liability of late; many have sidestepped a tax bill more than once.Amazon has proven to be the poster child for the problem, however, by virtue of being the most pervasive brand name among the major offenders. The fact that it has been accused of underpaying and overworking many of its employees hasn't helped keep the public's eye off of the organization.While Amazon stock owners are enjoying the limited amount of taxes the company has been paying, it is not a situation that will last indefinitely. Sooner or later the carry-forward losses will be used up.In the meantime, to continue the growth-investment-oriented tax breaks, Amazon.com has to continue capital spending rather than passing income along to shareholders. Eventually the company may run out of things worth buying for the purpose of driving growth. Most of those funds would, for most other outfits, be passed along directly to shareholders. That's no small trade-off.Stock-based compensation also proves dilutive to existing shareholders.Amazon may not be paying Federal income taxes, but that advantage is still coming at a price, of sorts.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Here's How Amazon Stock Pays Practically Nothing in Taxes appeared first on InvestorPlace.
Bullish unit revenue projections for the second quarter of 2019 from Alaska Air (ALK) and JetBlue (JBLU) highlight the upbeat demand for air travel.
Southwest Airlines Co NYSE:LUVView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for LUV with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting LUV. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding LUV are favorable, with net inflows of $8.36 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. LUV credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The Southwest Airlines Co. (NYSE: LUV) direct flight from Birmingham to Las Vegas has been suspended. The Birmingham Airport Authority said the flight was suspended because of issues surrounding the grounding of Boeing 737 MAX 8 aircraft, which has affected a number of airlines and routes around the world. “The Birmingham to Las Vegas nonstop flight is expected to be reactivated in our market pending a solution being found for the MAX program,” said Candace O’Neil, concessions revenue marketing manager at the BAA.
The Dow Jones Transportation Average slumped 0.5% in midday trading Monday, to buck the broader stock market's gains, to track surprise declines in manufacturing data and home builder sentiment. The Dow transports were led lower by shares of railroad operators Norfolk Southern Corp. , down 1.4%; Union Pacific Corp. , which was 1.3% lower; and Southwest Airlines Co. , which fell 1.2%. Earlier, the Empire State manufacturing index for June posted the largest-ever drop into negative territory, despite expectations of a positive reading, while the National Association of Home Builders' index of home builder confidence fell 2 points to 64 in June, missing expectations of a 1-point increase. That led the yield on the 10-year Treasury note to decline 0.7 basis points to 2.086%. Many on Wall Street view the Dow transports as a proxy on economic growth. Meanwhile, the Dow Jones Industrial Average rose 57 points, or 0.2%. The broader market may be boosted by expectations that the Federal Reserve will confirm this week that recent data supports the notion that the next rate move will be down.
Southwest Airlines is not the only carrier that's facing massive flight cancelations due to troubled MAX jets. Most recently on June 11, American Airlines (AAL) announced extending the grounding of its MAX fleets through September 3.
US airline stocks gained massively on June 13 after a JPMorgan Chase analyst said that the carriers are lifting fares more rapidly than anticipated. The analyst believes that in addition to the strong travel demand, US air carriers are also benefiting from a reduction in the supply of flights and seats due to the worldwide grounding of Boeing’s 737 MAX jets.
It remains unclear when the 737 Max, a newer variant of the decades-old 737, will return to the skies following its grounding in March. The US Federal Aviation Administration must certify the safety of a software fix planned by Boeing.
Airline stocks rose Thursday despite an increase in oil prices as carriers raised ticket prices for the second time in just over a month.
Safety issues over the Boeing 737 MAX are about to impact one of Raleigh-Durham International Airport’s newest flights.
Earlier this week, American Airlines announced that it would extend cancellations for flights using the Boeing 737 Max through Sept. 3. Now, Southwest is following suit with an extended cancellation timetable.
said Thursday that it would keep the troubled Boeing 737 MAX jet off its flying schedule until September 3. The plane has been blacklisted since a fatal Ethiopian Airlines crash in March, the second crash the plane experienced in a six-month period. "Southwest Airlines continues to await guidance from Boeing and the Federal Aviation Administration (FAA) on the impending 737 MAX software enhancements and training requirements," the airline said in a statement.
Southwest, Dish, CBS, PG&E and Tesla are the companies to watch.