LUV - Southwest Airlines Co.
56.00 +0.60 (1.08%)
Pre-Market: 4:15AM EST
| Previous Close | 53.48 |
| Open | 53.00 |
| Bid | 55.51 x 1300 |
| Ask | 56.38 x 1800 |
| Day's Range | 51.85 - 55.46 |
| 52 Week Range | 47.40 - 58.77 |
| Volume | 6,661,631 |
| Avg. Volume | 3,432,008 |
| Market Cap | 28.751B |
| Beta (5Y Monthly) | 1.41 |
| PE Ratio (TTM) | 12.44 |
| EPS (TTM) | 4.45 |
| Earnings Date | Apr 22, 2020 |
| Forward Dividend & Yield | 0.72 (1.35%) |
| Ex-Dividend Date | Dec 08, 2019 |
| 1y Target Est | 58.61 |
- American City Business Journals
Sea-Tac Airport has a $2.3B plan to cope with growth. Now officials have to sell it.
Sea-Tac Airport this week said a record 51.8 million passengers coursed through its terminals in 2019, and that number is expected to hit 56 million by 2027.
- Thomson Reuters StreetEvents
Edited Transcript of LUV earnings conference call or presentation 23-Jan-20 5:30pm GMT
Q4 2019 Southwest Airlines Co Earnings Call
- GuruFocus.com
3 Peter Lynch Airlines That Outperformed Markets in 2019
Stocks to consider as Berkshire’s airline holdings report earnings ahead of China coronavirus outbreak Continue reading...
- Benzinga
737 MAX Crisis Undercuts Southwest Airlines' Profits
The continued grounding of the Boeing 737 MAX significantly impacted Southwest Airlines Co's (NYSE: LUV) fourth-quarter and full-year profits and the airline said Thursday that 2020 earnings will also be compromised by the crisis. The Dallas-based carrier reported fourth-quarter net income fell 21.4% to $514 million, with earnings per diluted share of 98 cents, below the consensus estimate on Wall Street of $1.09. Southwest Airlines stock price closed with a 3.6% gain to $55.41 per share.
- Zacks
Southwest (LUV) Q4 Earnings Miss, Decrease Y/Y on MAX Woes
Lower passenger revenues and high non-fuel unit costs due to the Boeing MAX groundings affect Southwest's (LUV) Q4 performance.
- American City Business Journals
Southwest Airlines CEO pushes back on M&A speculation
Speculation Southwest Airlines would acquire another carrier was renewed last year as the 737 Max grounding drug on.
- Investor's Business Daily
American Airlines, Southwest Signal More Max Cancellations As Earnings Miss, JetBlue Stock Breaks Out
American Airlines and Southwest reported a weaker-than-expected Q4 earnings Thursday, while JetBlue beat estimates.
- Skift
Southwest Learns to Adapt to 737 Max ‘Crisis’
Southwest Airlines does not know when it will again fly what it once hailed as its newest and most efficient asset — the Boeing 737 Max jet. Executives on Thursday warned investors it is losing market share as it cuts longer routes to make better use of aircraft. The airline reported fourth quarter net income […]
- Zacks
Earnings from Comcast, Airlines & More, Plus a Cheap Tech Stock to Buy - Free Lunch
Quarterly earnings results from Comcast, Southwest, American Airlines, and more. And a look at why Pure Storage, Inc. (PSTG) is a Zacks Rank 1 (Strong Buy) stock right now, as it trades under $20 a share...
ReutersUS STOCKS-Wall Street hit by coronavirus concerns, weak earnings
U.S. stock indexes fell on Thursday, as mounting worries over a coronavirus outbreak in China and disappointing corporate earnings prompted investors to hit the brakes after a strong start to the year. China put millions of people on lockdown in two cities at the epicentre of the outbreak that has killed 17 people and infected nearly 600. Fears of the fast-spreading coronavirus hitting the global economy have knocked world stock markets off record highs this week, while early earnings reports have brought few surprises to investors.
ReutersSouthwest sees 737 MAX simulator training adding at least two months to pilot training
Southwest Airlines Co expects Boeing 737 MAX simulator training to add at least a couple of months to the time it will take to train its pilots on updates to the jet, an executive said on a conference call on Thursday. If only computer-based training were needed once regulators approve the 737 MAX to fly again, Southwest had expected to train its pilots in 30 days. Southwest is losing 6 million or 7 million customers as a result of the 737 MAX grounding, Chief Executive Gary Kelly said separately on the same call.
- Benzinga
Here's How Large Airline Option Traders Are Playing The Wuhan Coronavirus Scare
Southwest Airlines Co (NYSE: LUV) has been mostly grounded in the past year, gaining just 7%. On Thursday, Benzinga Pro subscribers received nine option alerts related to unusually large trades of airline options. At 9:36 a.m., a trader sold 500 American Airlines Group Inc (NASDAQ: AAL) put options with a $27 strike price expiring on Feb. 21 near the bid price at $1.604.
- Reuters
US STOCKS-China virus scare, disappointing earnings drive Wall St lower
U.S. stock indexes fell on Thursday, as mounting worries over a coronavirus outbreak in China, disappointing corporate earnings and weakness in financial stocks prompted investors to hit the brakes after a strong start to the year. China put on lockdown two cities at the epicentre of the outbreak that has killed 17 people and infected nearly 600 amid fears the transmission rate will accelerate as hundreds of millions of Chinese travel for the Lunar New Year holidays. Fears of the fast-spreading coronavirus hitting the global economy have knocked world stock markets off record highs this week, even as U.S. earnings reports so far have mostly been in line with expectations.
- GuruFocus.com
Southwest Posts 4th-Quarter Earnings Miss as Boeing Issues Continue
Grounding of 737 Max has increased the airline’s costs Continue reading...
- Benzinga
Airlines Extend 737 MAX Blackouts As Boeing Eyes Earlier Production Start
Financial pain from the grounding of Boeing's 737 MAX program continues spreading to key industry stakeholders, but new CEO David Calhoun said Wednesday the company plans to slowly restart production a few months before aviation authorities certify the plane to fly again. Earlier, Canadian carriers WestJet and Air Canada said they are removing the 737 MAX from their flight schedules through June 24 and June 30, respectively, following Boeing's Tuesday estimate that aviation authorities won't recertify the plane for commercial service until midyear. Based on the new guidance, Southwest Airlines (NYSE: LUV) will likely extend MAX-related changes to its flight schedule beyond June 6, Chairman and CEO Gary Kelly said in the company's fourth-quarter financial report.
- American City Business Journals
New SA flights up in air over extended Boeing grounding
San Antonio International is still banking on a summer launch of expanded flights with a major airline despite the 737 MAX grounding. That airline is saying otherwise.
- Reuters
American, Southwest say demand helping competitors while 737 MAX sits parked
American and Southwest, the two largest U.S. operators of Boeing Co's 737 MAX aircraft that has been grounded since March following two deadly crashes, said they do not have enough aircraft to meet the demand they see in the market. Both airlines have canceled flights into early June as they operate slimmer fleets but said on Thursday that cancellations would likely extend into the summer or fall after Boeing signaled this week that it does not expect to win regulatory approval for the jets to fly again until mid-year. Southwest CEO Gary Kelly said the airline is losing 6 million to 7 million customers a year due to the 737 MAX grounding, but said he expects to "aggressively recapture" lost market share once the jets return.
- Reuters
WRAPUP 3-American, Southwest say demand helping competitors while 737 MAX sits parked
Healthy travel demand is cushioning results for American Airlines Group Inc and Southwest Airlines Co, the two said on Thursday, while warning they are losing customers as their Boeing 737 MAX jets remain parked in a global grounding. American and Southwest, the two largest U.S. operators of Boeing Co's 737 MAX aircraft that has been grounded since March following two deadly crashes, said they do not have enough aircraft to meet the demand they see in the market. Southwest CEO Gary Kelly said the airline is losing 6 million to 7 million customers a year due to the 737 MAX grounding, but said he expects to "aggressively recapture" lost market share once the jets return.
- Reuters
US STOCKS-China virus concerns, mixed earnings dampen Wall St mood
Wall Street was set to open lower on Thursday on rising worries over the coronavirus outbreak in China that prompted a lockdown of two cities in the country, while a mixed bag of results added to the dour sentiment. The benchmark S&P 500 closed slightly higher on Wednesday but well below its record high after attempting to bounce back from sharp losses earlier in the week on concerns about the virus outbreak hitting the global economy. China put on lockdown on Thursday two cities at the epicentre of the coronavirus outbreak that has killed 17 people and infected nearly 600 amid fears the transmission rate will accelerate as hundreds of millions of Chinese travel for the Lunar New Year holidays.
- Barrons.com
Southwest Airlines’ Earnings Missed Forecasts. It’s All About the Boeing 737 MAX Jet.
The shortfall sent the stock lower in premarket trading. Southwest said it is seeking further compensation from Boeing.
