|Bid||51.61 x 2200|
|Ask||53.10 x 800|
|Day's Range||51.73 - 52.51|
|52 Week Range||44.28 - 64.02|
|Beta (3Y Monthly)||1.77|
|PE Ratio (TTM)||12.32|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||0.64 (1.18%)|
|1y Target Est||59.53|
U.S. airlines will fly a record 257.4 million passengers between June 1 and Aug. 31, a trade group estimates. Airlines are scrambling to keep up with demand as Boeing 737 Max planes remain grounded. U.S. airlines will fly a record 257.4 million passengers between June 1 and the end of August, a 3.4% increase from the previous year, Airlines for America forecast Tuesday.
U.S. summer air travel will hit a new record this year despite the grounding of Boeing's 737 MAX aircraft after two fatal crashes, a group representing major airlines said on Tuesday. Airlines for America, the trade group representing major U.S. carriers, said it expects 257.4 million passengers to travel on U.S. airlines between June 1 and Aug. 31, up 3.4 percent from last summer’s record 248.8 million passengers. Airlines are adding 111,000 seats daily to accommodate the extra 93,000 passengers expected per day, the group said, in what it forecast will be the 10th consecutive summer of increases in the number of U.S. airline passengers.
American Airlines Group Inc has filed a lawsuit against two unions representing its mechanics, asking the court to halt what it called an illegal slowdown that it said on Monday threatened to disrupt U.S. summer travel. American, the world's largest airline by passenger traffic, said the mechanics' action had intensified in recent weeks after causing 650 flight cancellations and more than 1,500 maintenance delays since February. American cut its 2019 profit forecast in April, blaming an estimated $350 million hit from the worldwide grounding in March of Boeing 737 MAX planes, forcing thousands of separate flight cancellations during its busiest travel season.
Once global regulators clear Boeing Co's 737 MAX to fly again after deadly crashes, airlines which have put their fleets into mechanical hibernation since March will scramble to begin the biggest ungrounding effort in history. Quickly reintegrating Boeing's 737 MAX, a fast-selling model because of its fuel efficiency, longer range, and passenger capacity, is crucial for optimizing airlines' routes and improving margins after having to cancel thousands of flights. International regulators are meeting on May 23 to review Boeing software and training plans, though doubts remain over how quickly foreign authorities will clear new flights.
The IATA invited airlines that use the Boeing 737 Max to meet next week to discuss difficulties from the grounding and next steps.
Stocks rose as investors weighted new headlines with potential implications in the ongoing U.S.-China trade negotiations against stronger-than-expected results from several major Dow components.
Southwest Airlines Plans to Enhance Shareholders’ Wealth(Continued from Prior Part)Bumpy rideSo far, Southwest Airlines (LUV) has struggled in 2019. The stock has underperformed the broader market returns. The stock’s YTD (year-to-date) return
Berkshire Hathaway's 13F: No Real Surprises in Q1(Continued from Prior Part)Southwest AirlinesEarlier this year, there were rumors that Berkshire Hathaway (BRK-B) might acquire Southwest Airlines (LUV). Berkshire Hathaway holds more than $100
Markets closed in the green on Wednesday after the Trump administration was said to be considering delaying the imposition of auto tariffs for the next six months.
Southwest Airlines' (LUV) dividend hike and the new buyback plan are indicative of its shareholder-friendly stance. The company has returned in excess of $11 billion to its shareholders since 2010.
Southwest Airlines Plans to Enhance Shareholders’ WealthDividend hikeSouthwest Airlines (LUV) has used dividend payments and share buybacks to enhance shareholders’ wealth. On May 15, the company announced an increase in its quarterly dividend
(LUV) (ticker: LUV) has an enviable record for consistently paying a dividend. The company distributed its first dividend in the fourth quarter of 1976 when Gerald Ford was president. Southwest’s stock, whose one-year return is about 2%, was recently yielding 1.2%.
Boeing Co made mistakes with its 737 MAX planes that need to be addressed, Southwest Airlines Co Chief Executive Officer Gary Kelly told shareholders on Wednesday, but he said he is still hopeful that the jets grounded after two crashes will return to service in the U.S. summer. Southwest, which only flies 737s and is the world's largest MAX operator, has bet its growth strategy on the fuel-efficient, longer-range MAX, which was grounded worldwide in March following two deadly crashes, one in Indonesia and one in Ethiopia. As a result, Southwest has canceled 160 daily flights through Aug. 5, hitting revenue and costs, and putting its growth plans on hold.
Billionaire Warren Buffett is arguably the greatest investor of all time. Given his investing acumen and track record, millions of investors watch how Buffett and his investing lieutenants allocate Berkshire Hathaway's capital every quarter. Any meaningful buy or sell could affect sentiment in the short term, and potentially cause other investors who respect Buffett to […]
Southwest Airlines' CEO expressed optimism regarding the return to flight of Boeing’s 737 Max 8 at the annual shareholders meeting in Denver on May 15, 2019.
The new study details how the low-fare behemoth goes about developing strong (and lasting) emotional bonds with customers.
Airlines are squarely in the crosshairs on climate change given their dependence on fossil fuels. But one analyst says the companies are taking steps to cut emissions—and that could help profits, too.
Southwest Airlines Co. (NYSE: LUV ) announced its board of directors have increased the company's quarterly dividend by 12.5 percent and authorized a new $2 billion share repurchase program. The board ...
Southwest Airlines Co Chief Executive Officer Gary Kelly told shareholders on Wednesday he is still hopeful the grounded Boeing Co 737 MAX jets will return to service this summer, when the airline will ...
Southwest Airlines Co. said on Wednesday its board of directors has increased its quarterly dividend by 12.5% to 18 cents a share from 16 cents a share, and has also OK'ed a new $2 billion share buyback program. The dividend will be paid on June 26. Shares of Southwest gained 0.9% in midday trading on Wednesday.