LUV - Southwest Airlines Co.

NYSE - NYSE Delayed Price. Currency in USD
-0.45 (-1.38%)
At close: 4:00PM EDT

32.55 +0.45 (1.40%)
After hours: 7:57PM EDT

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
Previous Close32.55
Bid32.40 x 1000
Ask32.47 x 900
Day's Range31.20 - 32.82
52 Week Range22.47 - 58.83
Avg. Volume19,973,401
Market Cap18.919B
Beta (5Y Monthly)1.27
PE Ratio (TTM)9.33
EPS (TTM)3.44
Earnings DateJul 23, 2020
Forward Dividend & Yield0.72 (2.21%)
Ex-Dividend DateMar 03, 2020
1y Target Est42.13
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Bloomberg

    Brazil Tops Spain in Deaths; Wuhan to Finish Tests: Virus Update

    (Bloomberg) -- Brazil overtook Spain to rank fifth in the world in coronavirus deaths, with no sign of easing in Latin America’s biggest economy. The U.S. will quit the World Health Organization after President Donald Trump faulted its actions with China and the virus.Wuhan city is set to complete testing all of its 11 million residents as China pours massive resources into avoiding a resurgence of infections. Mumbai’s snowballing cases are overwhelming the city’s hospitals.Moderna began a mid-stage trial of a vaccine that showed promising safety and early efficacy data this month. Singapore and China agree to allow essential travel between the two countries starting in early June.Key Developments:Virus Tracker: Cases top 5.9 million; deaths over 364,000Bodies left on hospital beds as Mumbai is overwhelmedHow China tested 11 million people in just two weeksIn boom-and-bust San Francisco, pandemic brings grim new realityWatchdog warns of significant fraud with virus unemployment aidCiti breaks with rivals on whether work from home is permanentSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus. For a look back at this week’s top stories from QuickTake, click here.Singapore, China Agree to Allow Essential Travel Starting in June (9:42 a.m. HK)Singapore and China have agreed to allow essential travel for business and official purposes between the two countries in early June, according to a joint emailed statement.The Fast Lane arrangement will be first applied between Singapore and six Chinese provinces or municipalities directly under the central government, and will gradually expand to include additional areas. Covid-19 prevention and control measures will remain in place.The agreement comes as countries cautiously seek to begin so-called “travel bubbles” after the pandemic shut down borders. China, where the coronavirus first emerged, appears to have brought its cases under control, while Singapore is moving toward opening its economy after wrestling to contain an outbreak among thousands of foreign workers.China Cargo Ship Source of Two New Reported Infections (9:35 a.m. HK)Two crew members of a Chinese-registered cargo ship, Zhong Chang Rong Sheng, tested positive for Covid-19 in China’s Shandong Province after they arrived from India via Singapore, state television CCTV reported on its official Weibo account.The two Chinese nationals, and another crew member who hasn’t tested positive, have been hospitalized, while the remaining 19 people on board are still under quarantine on the vessel. It docked at Lanshan Port of Rizhao in Shandong province on May 27. The two infections are among four new coronavirus cases, all imported, reported by China.Chile Gets Flexible Credit Line From IMF for Virus (8:35 a.m. HK)The International Monetary Fund approved a $23.9 billion credit line for Chile as one of South America’s wealthiest nations grapples with a recession amid the virus that the central bank forecasts may be the worst since the 1980s.The two-year flexible credit line is a precautionary measure that should boost market confidence and provide insurance against downside risks, the fund said in an emailed statement late Friday. Managing Director Kristalina Georgievasaid that although the nation has a good track record, its trade openness exposes it to external risks.United Airlines Will Add Back International Flights in July (8:30 a.m. HK)United Airlines Holdings Inc. will add back some international flying in July, saying demand has “risen modestly” in some markets after the Covid-19 pandemic all but wiped out travel.Flights will resume or increase on 40 international routes in July, United said in a statement Friday. The Chicago-based airline will serve only 27 foreign routes in June. United has said its overall schedule will be down about 75% from a year earlier in July, compared with a 90% reduction currently.The plan to increase flying reflects a modest rebound in demand for all U.S. airlines as travel restrictions ease and economic activity picks up.Germany, EC Settle Lufthansa Aid (7:15 a.m. HK)Germany settled a dispute with the European Commission over a 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, clearing the way for the carrier to accept a rescue package to help it weather a collapse in travel demand triggered by the pandemic.The deal requires Lufthansa to reduce the number of aircraft kept at Frankfurt and Munich airports. Lufthansa said it would surrender up to 24 takeoff and landing slots, making room for new competitors at each hub.Germany on Monday offered Lufthansa a package of loans and equity investment to keep the carrier flying through the coronavirus. But after the EU demanded the carrier give up slots in Munich and Frankfurt, the airline’s supervisory board unexpectedly held off on accepting this lifeline -- throwing the rescue plan into turmoil after weeks of talks.Brazil Deaths Go Past Spain (6:30 a.m. HK)Brazil eclipsed Spain and now ranks fifth worldwide in coronavirus deaths with no sign the pandemic is slowing in Latin America’s largest economy. The country reported 1,124 new deaths Friday, pushing the total to 27,878, past Spain with 27,121. Brazil registered 465,166 cases, trailing only the U.S.Infections are reported in 70% of Brazilian cities, the Health Ministry said on Friday. Earlier this week, the ministry said the curve of cases was still growing, and a report by UBS published Wednesday said that six of Brazil’s 27 states are peaking, while total deaths are increasing in 21 states.Southwest CEO Expects ‘Brutal’ Rivalry (6:20 a.m. HK)Intense competition for airline passengers will create “a brutal low-fare environment” once coronavirus fears subside and more people start to fly, Southwest Airlines Co. Chief Executive Officer Gary Kelly predicted.Even with cuts in capacity as demand collapsed, the number of seats will far outnumber customers in the near term, he said in a video message to employees. Kelly said demand “still has a long way to go.”With a potential price war adding pressure on already struggling airlines, Southwest is preparing contingency plans in case more radical changes are required for survival, the CEO said.South Africa Cases Jump 6.7% (5:45 p.m. NY)South Africa reported a record 1,837 new infections on Friday, just three days before the nation eases a lockdown that will let millions of people back to work. The country’s cases reached 29,240, the most in Africa, and 611 deaths.Extending the lockdown -- imposed on March 27 -- is unsustainable even though infections have yet to peak, because hunger, poverty and unemployment are increasing, Health Minister Zweli Mkhize said.Moderna Begins Vaccine Trial (5:15 p.m. NY)Moderna Inc., one of the leading companies developing a coronavirus vaccine, said it had started a mid-stage trial and given doses to the first patients.The 600-person, phase 2 study will give healthy participants one of two doses of the shot, or a placebo, Moderna said in a statement. They’ll be examined for potential side effects as well as whether it creates an immune-system response that could protect against the virus that causes Covid-19.The company plans to launch a larger phase 3 study in July with many more patients, working with the U.S. government. Published results of the phase 1 study are pending, though the shot showed promising safety and early efficacy data earlier this month.Toronto Office Workers at Home to September (4:30 p.m. NY)Canada’s major banks and other businesses will encourage Toronto office staff to keep working from home until at least September to help contain the spread of Covid-19, Mayor John Tory said.Telecom companies, accounting firms, insurance companies and universities and colleges joined financial companies in agreeing to continue telework at the request of the city and Tory, who is concerned about a potential flare-up in the pandemic if too many people flood the downtown core as restrictions are lifted.At least 24 companies agreed to ask staff to work remotely including Canada’s six biggest banks, Manulife Financial Corp., Sun Life Financial Inc., Rogers Communications Inc., PricewaterhouseCoopers LLP and Ryerson University.U.S. Cases Rise 1.2% for Third Day (4 p.m. NY)Coronavirus cases in the U.S. increased 1.2% from the same time Thursday, to 1.73 million, according to data collected by Johns Hopkins University and Bloomberg News. That’s in line with Wednesday and Thursday’s rates, and below the average of 1.3% over the past seven days. Deaths rose 1.1% to 102,201.New York reported 67 deaths, the lowest daily total since the start of the pandemic, Governor Andrew Cuomo said. Cases rose 0.4% to 368,284, in line with the average in the past week.Florida reported 54,497 cases, up 2.3% from a day earlier, according to the state’s health department. It was the third-largest daily increase since Florida started reopening on May 4.California cases rose 2.2% to 103,886 while deaths increased 2.4% to 4,068, according to the state’s website.Texas reported a 2.1% rise in new cases, above the 1.9% seven-day average and less than the 3.2% jump on Thursday.Trump Says U.S. to Sever WHO Ties (3 p.m. NY)President Donald Trump said the U.S. will sever ties with the World Health Organization, the United Nations body he accuses of failing to provide accurate information on the spread of the coronavirus that broke out in China.“Because they have failed to make the requested and greatly needed reforms, we will be today terminating our relationship with the World Health Organization and redirecting those funds to other worldwide and deserving, urgent global health needs,” Trump told reporters in the Rose Garden of the White House. “The world needs answers from China on the virus. We must have transparency.”The U.S. contributes more than $450 million to the WHO, Trump said.Lisbon Delays Reopening Malls (2:30 p.m. NY)Portugal will delay by three days reopening shopping malls in the Lisbon region, which reported new clusters of the coronavirus. The capital’s malls will remain closed until June 4 as other centers open as planned on June 1, Prime Minister Antonio Costa said. Lisbon’s situation is not “out of control” and new cases are quite focused, he said after the biggest daily jump in infections in three weeks.Florida Sees One of Largest Jumps Since Reopening (2:07 p.m. NY)Florida reported 54,497 Covid-19 cases on Friday, up 2.3% from a day earlier, compared with an average increase of 1.3% in the previous seven days. It was the third-largest daily increase since the state started reopening on May 4.Deaths among Florida residents reached 2,413, an increase of 2.1%.Overall, case numbers had been trending downward. Governor Ron DeSantis has often attributed out-of-trend upticks to “data dumps” from laboratories, but it wasn’t immediately clear if that was the case Friday.NYC Set to Reopen June 8 (1:30 p.m. NY)New York City will start reopening some businesses on June 8, Governor Andrew Cuomo said, as officials meet the set of metrics the state is following to end the mandatory lockdown. The city could see 400,000 workers back on the job as the first phase of reopening begins, he said.A sticking point for the city is a high infection rate in some communities. Cuomo said the overall rate is about 20% but that in some neighborhoods in the Bronx and Brooklyn, the rate exceeds 40%. The governor said officials will concentrate on those hot spots next week, which he said will set the stage for reopening. The Metropolitan Transportation Authority, which runs the subways, commuter rail and bus services, is preparing for the return of workers, he said.“Reopening does not mean we’re going back to the way things were,” Cuomo said. “We go forward.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


    Airline Stocks Still Have Far to Go. Here Are 3 That Can Benefit From a Pickup in Domestic Travel.

    Travelers are more likely to book domestic, short-haul leisure trips, rather than business and international flights


    Ride the Travel Rebound With 7 Less Risky Stocks

    The economy is in a recession, but Americans are about to hit the road. Now is the time to find deals in a battered industry.

  • A Mostly Domestic Southwest Airlines Is Seeing a Recovery Eluding Others for Now

    A Mostly Domestic Southwest Airlines Is Seeing a Recovery Eluding Others for Now

    Until early May, Southwest Airlines executives described their revenue stream as a leaky bucket, with some new bookings coming in, but not enough to offset losses from itinerary cancelations. "You just can't keep the water up," Andrew Watterson, the airline's chief commercial officer, said in an interview. As many U.S. states, cities, and counties dropped […]


    Is the Pandemic Over? Not Really, but Bowling Is Back.

    The sports offers two comeback lessons in one: the fight to regain cultural relevance and the comeback story of mom-and-pop alleys shuttered by the pandemic. More reason for hope: Disney World is opening.

  • Should You Buy Airline Stocks & ETF Upon Takeoff?

    Should You Buy Airline Stocks & ETF Upon Takeoff?

    The Airline ETF has seen enormous investor interest of late, find out why.

  • Do Hedge Funds Love Southwest Airlines Co. (LUV)?
    Insider Monkey

    Do Hedge Funds Love Southwest Airlines Co. (LUV)?

    In this article you are going to find out whether hedge funds think Southwest Airlines Co. (NYSE:LUV) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]

  • Are Airline ETF & Stocks Ready to Take Off?

    Are Airline ETF & Stocks Ready to Take Off?

    Given the resumption of a higher number of flights ahead of the peak summer travel season, airline stocks and ETF are set to rebound strongly.

  • Southwest Airlines (LUV) Stock Sinks As Market Gains: What You Should Know

    Southwest Airlines (LUV) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Southwest Airlines (LUV) closed at $32.10, marking a -1.38% move from the previous day.

  • Airlines Leave $29 Billion Aid Fund Untapped in Bet on Rebound

    Airlines Leave $29 Billion Aid Fund Untapped in Bet on Rebound

    (Bloomberg) -- U.S. airlines have yet to tap $29 billion in federal pandemic relief loans as they wait to see whether the reopening of the economy revives demand and diminishes the need for money that comes with government strings attached.Although the four largest U.S. passenger airlines have applied for the Treasury Department program, only American Airlines Group Inc. has said it intends to tap the pool of funds. Southwest Airlines Co., United Airlines Holdings and Delta Air Lines Inc. say they plan to wait until fall before deciding whether to take the money -- after a summer travel season that could see more people return to the skies.The wait-and-see approach illustrates how airlines are preparing for an uncertain future amid early signs of a recovery after Americans all but stopped flying in April due to the coronavirus and travel restrictions. A second wave of infections could make the situation worse.It also highlights how only a small portion of hundreds of billions of dollars available to the Treasury Department has actually been doled out to help companies.“That pool of money is designed as backstop financing and for those who can’t raise money elsewhere,” said Helane Becker, an analyst at Cowen & Co. in New York.U.S. airlines have separately raised billions in capital through methods including secured loans, bond offerings and equity sales, and Becker said that the federal loans are a last resort. The government loans would impose restrictions such as a cap on executive compensation and require carriers to offer equity or other financial stakes to the government in exchange for the aid.“The hope is that by September, the worst of the pandemic is behind us and people will be booking for travel in the fall and the holidays, and airlines won’t need to take the money,” Becker said.A Treasury Department spokeswoman declined to comment on the number of loan applications received and when the money would be distributed. The department has separately disbursed $25 billion from its payroll support program. Airlines accepting the funds, which are a mix of grants and loans, are required to refrain from layoffs until after Sept. 30.Airlines have pointed to signs that travel demand is beginning to perk up in recent weeks, fueling hopes that the stress on beleaguered carriers could begin to wane. Passengers taking flights over Memorial Day weekend, an early test of consumer confidence and the unofficial start of the summer travel season, reached levels unseen since late March. Airlines say bookings are outpacing cancellations, and airplanes that have been almost empty are starting to fill up.Carriers are far from out of the woods, however. The aviation industry’s recovery from the coronavirus outbreak will be long and slow, with global passenger numbers likely to stay below pre-pandemic levels through 2023, according to S&P Global Ratings, which warned of more rating downgrades for airports over the next few months.Although 321,776 people passed through security at U.S. airports on Thursday in one of the busiest days since late March, that’s still an 87% decline from the equivalent day last year, according to the U.S. Transportation Security Administration. Airlines have openly discussed the likely need to shed thousands of workers after a prohibition on job cuts tied to the payroll support program expires.On Thursday, for example, American Airlines announced plans to shed 30% of its management and support staff to align its operations with dramatic declines in travel.“While I don’t want to get into specifics, we continue to have very productive conversations with Treasury Department and its advisers,” American Airlines President Robert Isom said at an industry conference May 19. “Treasury has been nothing but fantastic to work with through these unprecedented times, and we remain very confident that we will move forward with this loan in a prudent and efficient manner.”Delta, SouthwestThe Treasury Department launched the loan program April 8, and has made no further announcements since it closed on April 17. The agency is weighing whether it will disburse the money in one or several tranches as the outlook for the industry’s recovery becomes clear, a person familiar with the matter said. The program may also evolve as Treasury Secretary Steven Mnuchin hasn’t settled on the details, the person said.Delta has applied for the additional Treasury loan “to hold our place in line,” Chief Financial Officer Paul Jacobson said at the same Wolfe Research conference. “We have until September to make a decision about that as well as other financing sources should we need them.”“We’ve applied for it,” Southwest Chief Executive Officer Gary Kelly said of the potential $2.8 billion loan at the carrier’s annual shareholder meeting May 21. “We’ve not committed to take that money and we have until September 30 to make that decision.”The airline loan program is yet another piece of the pandemic rescue funds enacted on March 27 -- when Congress and the White House were so panicked that Covid-19 would ravage the U.S. economy that they quickly came together -- that may not be working as designed.Virus RescueMnuchin has only used $37.5 billion out of a $454 billion fund to backstop central bank emergency lending, though $195 billion has been committed for use. A Main Street lending facility that Congress asked the Federal Reserve to launch to support small and medium-sized companies is still not operational even as businesses lay off workers, shutter and eye bankruptcy. The Paycheck Protection Program for smaller companies has been riddled with glitches, and now needs to be fixed to extend the relief.Mnuchin also hasn’t disbursed a $17 billion pot of money reserved for companies deemed critical to national security. The largest expected recipient, Boeing Co., got help from private investors. For the hundreds of thousands of other defense contractors in the Pentagon’s supply chain, Treasury’s criteria is too strict to qualify.The loan packages for airlines and companies critical to national security, if untapped, can be used to backstop additional lending by the Fed.“With a lot of these programs it turns out they’re not for everybody, said Ian Katz, an analyst at Capital Alpha Partners in Washington. “There’s a general feeling of anguish and pain as people are unemployed, underemployed and businesses shut down -- surely the government can do more for them.”Not a BailoutFederal loans for the airline industry, which Mnuchin has repeatedly said are not a “bailout,” come with strings attached that analysts say may be less attractive than private markets. Any company tapping the loan pool must assure the government that credit is “not reasonably available” elsewhere.United Airlines, for example, is eligible for a loan of as much as $4.5 billion and the company expects to issue the department warrants to purchase 14.2 million shares of the company’s common stock, CFO Gerald Laderman said in a May 1 earnings call.Savanthi Syth, an analyst at Raymond James, said the department’s terms are not excessive but are onerous enough for airlines to turn first to the private sector.“The test for whether airlines will need this will be how much demand comes back this summer,” she said. “If we see demand getting back to 50% levels of last year, they might not need to tap it.”The $2.2 trillion pandemic stimulus package that authorized the airline loans gives Treasury until the end of the year to disburse them.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Moody's

    Hawaiian Holdings, Inc. -- Moody's downgrades Hawaiian Holdings' corporate family rating to B1, EETCs to Ba2 and B1; outlook negative

    Moody's Investors Service ("Moody's") downgraded its ratings for Hawaiian Holdings, Inc. ("Hawaiian"); corporate family rating to B1 from Ba3 and probability of default rating to B1-PD from Ba3-PD. Moody's also downgraded subsidiary Hawaiian Airlines, Inc.'s Series 2013-1 Enhanced Equipment Trust Certificate ratings to Ba2 from Ba1 for the Class A and to B1 from Ba3 for the Class B. The speculative grade liquidity rating was upgraded to SGL-2 from SGL-3.

  • Why Shares of Hawaiian Holdings Fell Today
    Motley Fool

    Why Shares of Hawaiian Holdings Fell Today

    Shares of Hawaiian Holdings (NASDAQ: HA) closed down 9% on Thursday, a down day for most of the airline sector. Shares were likely under additional pressure due to geopolitical issues that could weigh on Hawaiian Airlines' recovery. Airlines are facing significant declines in travel demand due to the COVID-19 pandemic, and Hawaiian has not been immune.

  • Moody's

    Love Field Airport Modernization Corporation -- Moody's confirms Southwest Airlines' Baa1 senior unsecured and EETC ratings; outlook negative

    Moody's Investors Service ("Moody's") confirmed its Baa1 senior unsecured debt rating for Southwest Airlines Co. ("Southwest") and the A2 and Baa2 ratings on the company's Series 2007-1 enhanced equipment trust certificates, Class A and Class B, respectively. The ratings outlook is negative. Today's rating actions conclude the review for downgrade of Southwest's ratings that was initiated on March 17, 2020.

  • Massive layoffs loom for airline industry amid COVID-19
    Yahoo Finance Video

    Massive layoffs loom for airline industry amid COVID-19

    Yahoo Finance’s Sibile Marcellus joins Akiko Fujita to break down how companies like Delta Airlines are changing the flight experience for travelers amid the coronavirus.

  • Southwest Airlines Extends Published Flight Schedule Through Jan. 4, 2021
    PR Newswire

    Southwest Airlines Extends Published Flight Schedule Through Jan. 4, 2021

    Southwest Airlines Co. (NYSE: LUV) today extended its published flight schedule—from Oct. 31, 2020, through Jan. 4, 2021—bringing travelers in key Southwest cities additional flights and new routes during a period that includes additional leisure travel for the autumn and winter holidays.


    Morning Bell With Jim Cramer: Buy Nvidia

    Jim Cramer shares stock market news including buying Nvidia stock, Dr. Fauci impacting stocks, and Southwest Airlines being up this week.

  • Boeing Restarts 737 Max Assembly Line
    Motley Fool

    Boeing Restarts 737 Max Assembly Line

    Boeing (NYSE: BA) said late Wednesday that it has restarted 737 Max production, meeting its self-imposed May 31 deadline to resume building its troubled airplane. The 737 Max has been grounded since March 2019 after a pair of fatal crashes, and Boeing halted production in January after stockpiling a large number of finished, but undeliverable, aircraft. Boeing has missed several internal deadlines to return the plane to the air, but even with delays caused by the COVID-19 pandemic, company officials are confident the plane will be recertified to fly in the second half of 2020.

  • Is LUV Stock A Buy? What Earnings, Value Metrics, Southwest Airlines Stock Chart Show
    Investor's Business Daily

    Is LUV Stock A Buy? What Earnings, Value Metrics, Southwest Airlines Stock Chart Show

    On Feb. 24, LUV stock gapped down and fell 4.3%. It also tripped below the 50-day moving average in heavy volume. That triggered a key sell rule.

  • This airline ETF is soaring as investor confidence grows
    Yahoo Finance Video

    This airline ETF is soaring as investor confidence grows

    The U.S. Global Jets ETF is soaring amid investor optimism about states reopening their economies. Yahoo Finance's Akiko Fujita and ETF Trends CEO Tom Lydon discuss.

  • Boeing laying off 6,700 U.S. workers; thousands more planned
    Yahoo Finance Video

    Boeing laying off 6,700 U.S. workers; thousands more planned

    Boeing is laying off over 6,700 of its U.S. workers, with "several thousand” more layoffs planned. Yahoo Finance’s Emily McCormick and Akiko Fujita discuss.

  • Small droplets can hang in an airplane cabin, causing 'high-risk': Expert
    Yahoo Finance Video

    Small droplets can hang in an airplane cabin, causing 'high-risk': Expert

    Qingyan 'Yan' Chen joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss how COVID-19 could change future plan designs, how passengers can stay safe, his work with Boeing on a future ventilation system and more.

  • Investopedia

    Is It Time to Buy Southwest Airlines Stock?

    Southwest Airlines shares may have bottomed out, but the upside potential looks limited in coming months.

  • Southwest Airlines Has Survived the Downdraft and Is Ready to Begin Its Ascent

    Southwest Airlines Has Survived the Downdraft and Is Ready to Begin Its Ascent

    The charts of the airline are indicating a couple bullish divergences that show buyers of its shares have been more aggressive of late.