|Day's Range||1.8500 - 1.9500|
U.S. District Judge Sara Ellis in Chicago ruled on Tuesday that Southwest's ticketing terms did not imply that the Dallas-based carrier had a legal duty to always stock enough fluid. "Running out of de-icer implicates aviation safety, regardless of whether it was a foreseeable event," Ellis wrote. A lawyer for the plaintiff Brian Hughes, an Illinois resident, had no immediate comment on Wednesday.
Southwest Airlines could be showering investors with a little more 'LUV' when it reports its fiscal third-quarter earnings next month, thanks to higher passenger traffic and streamlining costs, particularly ...
Southwest Air Co (NYSE: LUV) cancelled 600 flights in September due to Hurricane Dorian, but the company said it does not see a material effect in the third quarter. The company reaffirmed its third-quarter operating revenue per available seat mile guidance at 3-5% year-over-year growth, according to Southwest Air's 8-K filing. Southwest Air cut its third-quarter guidance for operating costs per available seat mile ex fuel, oil expense and profit sharing expense from up 9-11% to up 8-10% year over year.
Southwest Airlines Co. disclosed Wednesday that it expects third-quarter operating revenue per available seat mile (RASM) to rise 3% to 5% from a year ago, citing continued "solid demand and strong passenger yield trends." That compares with 6.8% RASM growth in the sequential second quarter and a 1.2% increase in last year's third quarter. The stock was still inactive in premarket trading. The airline also cuts its growth outlook for third-quarter costs per available seat mile (CASM) to 8% to 10% from 9% to 11% and trimmed its guidance for available seat miles (ASM) to decrease about 3% from a decrease of 2% to 3%. The company said it canceled about 600 flights in September as a result of Hurricane Dorian, but didn't expect that to have a material impact on results. Southwest said its scheduled still reflect removal of all flights of Boeing Co.'s 737 Max flights through Jan. 5, 2020, following the grounding of the plane in March. The stock has rallied 19.9% year to date, while the Dow Jones Transportation Average has gained 16.7% and the Dow Jones Industrial Average has advanced 16.2%.
Southwest Airlines is on track for another quarter of strong earnings, even as it continues to deal with the ongoing impact of the Boeing Max groundings as well as the recent impact of Hurricane Dorian.
Southwest Airlines expects to see between a $10 million to $20 million bump in the second half of 2020 when improvements to corporate travel arm Southwest Business come online.
Is United Airlines stock ready to take flight? Here is what the fundamentals and technical analysis say about buying United stock now.
The new trading week didn't get started on a particularly impressive foot. Even with the intraday recovery effort, the S&P 500 still ended the day lower by 0.31%. Surging oil prices, thanks to an attack in the Middle East, sparked concern of a ripple effect.Source: Shutterstock Overstock.com (NASDAQ:OSTK) was the proverbial problem child, falling more than 20% to log a second day of losses following last week's big runup. Ford (NYSE:F) fell a more nominal 1.6%, with investors digesting the response to a recent UAW threat to go on strike, in addition to news that the company is recalling more than 300,000 Explorers due to dangerous seat edges. * 10 Recession-Resistant Services Stocks to Buy Headed into today's trading action, it's the stock charts of Southwest Airlines (NYSE:LUV), Visa (NYSE:V) and Coca-Cola (NYSE:KO) that have earned a closer inspection. Here's why, and what to look for.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Coca-Cola (KO)It has been one of the healthier trades this year, despite the drinking public's growing aversion to sugary beverages. In fact, Coca-Cola shares have rallied an amazing 20% since March's low, overcoming its February stumble with relative ease.The sheer speed and span of the move in an environment that doesn't favor most of the company's fare, however, has left KO stock vulnerable to some profit-taking. One more technical misstep could push Coca-Cola shares over that edge. * Click to EnlargeThe "edge" in question is the straight-line support that connects the bulk of the lows seen since March's pivot. It's plotted as a dashed blue line on both stock charts. * KO shares are no stranger to big swings. In fact, they make them on a rather reliable basis. All of the recent cases where the weekly chart's RSI line entered overbought territory led to major setbacks. * Although up for the past couple of months, take note of the fact that there's been more bearish volume than bullish volume. * The purple 50-day moving average line may also be a make-or-break support level at this time. It has been in the past. Southwest Airlines (LUV)Airline stocks are inherently erratic, impacted not just by the ebb and flow of demand for travel, but by the ebb and flow of oil prices. The two differing factors don't always behave with respect to one another as one might expect. Southwest Airlines has been no exception to this norm.There has been a method to the madness though. LUV stock has hammered out the formation of a familiar and telling shape. And, it has done so with a fairly predictable context that implies a breakout thrust could be brewing. * 7 Momentum Stocks to Buy On the Dip * Click to EnlargeThe bigger-picture pattern is a converging wedge shape, marked in blue lines on both stock charts. The lower edge of the wedge patterns, as can only be seen on the weekly chart, extends all the way back to 2015. * There's also something important but easy to overlook in the moving average lines plotted on both stock charts. They're all essentially converged now, setting the stage for a divergence from this point forward. * Tilting the scales in a bullish direction is the high-volume gains that started to materialize last week, and the subsequent push above a not entirely perfect upper boundary of the wedge shape. Visa (V)Finally, Visa has dished out some unexpectedly lengthy and sizable rallies since the beginning of 2017. In fact, the only real rough patch was the weakness most other stocks suffered in the final quarter of last year. And even then, V stock snapped back to an even stronger rally.As could be expected though, the weight of that eight-month gain is starting to prove unbearable. Visa shares have been hit hard a couple of times since last month, and while the advance hasn't been shattered yet, it's nearing that point. * Click to EnlargeThe weekly chart puts things in perspective. Last week's high had V shares more than 17% above the 200-day moving average line marked in white on both stock charts. That's the biggest divergence in years. * The line in the sand, so to speak, is the 100-day moving average line marked in gray. * Possible landing points include the $156.70 area marked in yellow on the daily chart, where V shares found support a couple of times in May, and then the 38.2% Fibonacci retracement line at $162.16, marked on the weekly chart.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 3 Big Stock Charts for Tuesday: Southwest Airlines, Visa and Coca-Cola appeared first on InvestorPlace.
On CNBC's "Fast Money Halftime Report," Pete Najarian said he owns Southwest Airlines Co (NYSE: LUV). Sarat Sethi would buy Electronic Arts Inc. (NASDAQ: EA). Joe Terranova is a little bit nervous about McDonald's Corp (NYSE: MCD), but he would hold a long position.
Former American Airlines president Scott Kirby once derided fuel hedging as “a rigged game that enriches Wall Street.” It is a position that the company may want to reconsider after an attack on two key Saudi Arabian oil facilities sent crude prices soaring on Monday. Jet fuel, along with labour, is an airline's greatest cost item. During the oil price rally between 2011-2014, when Brent was averaging around $100 a barrel, the industry aggressively hedged fuel costs with swaps and other financial instruments.
One of 2018’s top airlines, United Airlines stock has struggled to gain altitude in 2019. UAL has returned ~9% YTD, lagging the broader market.
Texas Intermediate futures soared as much as 15.5% Sunday. U.S. crude oil prices climbed 11% to $60.98 Monday.
Southwest Airlines and American Airlines shares were down Monday morning after an attack on Saudi oil infrastructure over the weekend.
Ticket prices have steadily risen all summer in the airline industry after it began with a fare raise in which several carriers participated.
Massive growth at Sea-tac Airport has not come without challenges for the Transportation Security Administration and its passenger screening as more than 70,000 people go through Sea-Tac security lines in a single day.
Airline stocks have been all over the map this year, but Macquarie thinks that there’s more runway ahead for both one of the best performers in the group and one of the worst. Stock in (AAL) (AAL), another so-called legacy carrier, is firmly in the red. The shares have been hurt by lackluster earnings, debt worries, and the rescheduling headaches that have come from its reliance on the grounded Boeing planes.
Southwest Airlines announced a handful of leadership changes to its technology and marketing teams Thursday.
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...