|Bid||56.50 x 800|
|Ask||56.54 x 1000|
|Day's Range||54.96 - 56.56|
|52 Week Range||47.40 - 58.77|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||12.69|
|Earnings Date||Apr 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||58.61|
Two senior Sea-Tac Airport staffers explain how they developed plans to add a terminal and 19 gates to meet the projected demand of 56 million passengers by 2027.
Per a report by U.K.-based flight data information firm OAG, the prolonged 737 Max grounding is estimated to have hurt global airline industry revenues by $4.1 billion in 2019.
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.
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.
Speculation Southwest Airlines would acquire another carrier was renewed last year as the 737 Max grounding drug on.
American Airlines and Southwest reported a weaker-than-expected Q4 earnings Thursday, while JetBlue beat estimates.
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 […]
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...
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.
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.
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.
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.
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.
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.
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.
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.