51.70 0.00 (0.00%)
After hours: 4:27PM EDT
|Bid||51.16 x 3000|
|Ask||51.67 x 800|
|Day's Range||51.16 - 52.45|
|52 Week Range||44.28 - 64.02|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||12.25|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||0.72 (1.51%)|
|1y Target Est||59.24|
Bullish unit revenue projections for the second quarter of 2019 from Alaska Air (ALK) and JetBlue (JBLU) highlight the upbeat demand for air travel.
Southwest Airlines Co NYSE:LUVView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for LUV with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting LUV. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding LUV are favorable, with net inflows of $8.58 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. LUV credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The Southwest Airlines Co. (NYSE: LUV) direct flight from Birmingham to Las Vegas has been suspended. The Birmingham Airport Authority said the flight was suspended because of issues surrounding the grounding of Boeing 737 MAX 8 aircraft, which has affected a number of airlines and routes around the world. “The Birmingham to Las Vegas nonstop flight is expected to be reactivated in our market pending a solution being found for the MAX program,” said Candace O’Neil, concessions revenue marketing manager at the BAA.
The Dow Jones Transportation Average slumped 0.5% in midday trading Monday, to buck the broader stock market's gains, to track surprise declines in manufacturing data and home builder sentiment. The Dow transports were led lower by shares of railroad operators Norfolk Southern Corp. , down 1.4%; Union Pacific Corp. , which was 1.3% lower; and Southwest Airlines Co. , which fell 1.2%. Earlier, the Empire State manufacturing index for June posted the largest-ever drop into negative territory, despite expectations of a positive reading, while the National Association of Home Builders' index of home builder confidence fell 2 points to 64 in June, missing expectations of a 1-point increase. That led the yield on the 10-year Treasury note to decline 0.7 basis points to 2.086%. Many on Wall Street view the Dow transports as a proxy on economic growth. Meanwhile, the Dow Jones Industrial Average rose 57 points, or 0.2%. The broader market may be boosted by expectations that the Federal Reserve will confirm this week that recent data supports the notion that the next rate move will be down.
Southwest Airlines is not the only carrier that's facing massive flight cancelations due to troubled MAX jets. Most recently on June 11, American Airlines (AAL) announced extending the grounding of its MAX fleets through September 3.
US airline stocks gained massively on June 13 after a JPMorgan Chase analyst said that the carriers are lifting fares more rapidly than anticipated. The analyst believes that in addition to the strong travel demand, US air carriers are also benefiting from a reduction in the supply of flights and seats due to the worldwide grounding of Boeing’s 737 MAX jets.
It remains unclear when the 737 Max, a newer variant of the decades-old 737, will return to the skies following its grounding in March. The US Federal Aviation Administration must certify the safety of a software fix planned by Boeing.
Airline stocks rose Thursday despite an increase in oil prices as carriers raised ticket prices for the second time in just over a month.
Safety issues over the Boeing 737 MAX are about to impact one of Raleigh-Durham International Airport’s newest flights.
Earlier this week, American Airlines announced that it would extend cancellations for flights using the Boeing 737 Max through Sept. 3. Now, Southwest is following suit with an extended cancellation timetable.
said Thursday that it would keep the troubled Boeing 737 MAX jet off its flying schedule until September 3. The plane has been blacklisted since a fatal Ethiopian Airlines crash in March, the second crash the plane experienced in a six-month period. "Southwest Airlines continues to await guidance from Boeing and the Federal Aviation Administration (FAA) on the impending 737 MAX software enhancements and training requirements," the airline said in a statement.
Southwest Airlines Co said on Thursday it would keep the Boeing Co 737 MAX jet off its flying schedule through Sept. 2, as the timing of the return of the troubled airplane to service remained uncertain. Southwest, the largest global operator of the MAX with 34 jets, had previously said it was cancelling flights through Aug. 5. The Federal Aviation Administration said on Wednesday it did not have a specific timetable on when the 737 MAX jet would fly again, after two fatal crashes led to the airplane's worldwide grounding in March.
shares surged to the top of the S&P 500 Thursday, boosting shares of rival carriers, following a report from JPMorgan that suggests airlines have been raising domestic ticket prices. JPMorgan sector analyst Jamie Baker noted that American had increased some fares by around $5 each way, noting that others such as Southwest Airlines Co. weeks ago, with increasing Southwest participation coming overnight," Baker wrote.
American Airlines Group Inc. boosted ticket prices by $5 on one-way U.S. flights on Wednesday, said JPMorgan Chase analyst Jamie Baker, who tracks fares. The move was followed by Southwest Airlines Co., the biggest domestic carrier, and Hawaiian Holdings Inc.
The Dow Jones Transportation Average rallied 0.6% toward a fifth-straight gain in morning trading Thursday, as another day of strength in its airline components helped the transports outperform the broader stock market, again. American Airlines Group Inc.'s stock jumped 5.3%, enough to pace the Dow transports' and the S&P 500's gainers. In other more-active airline stocks, shares of Delta Air Lines Inc. climbed 2.5%, JetBlue Airways Corp. hiked up 1.1%, Southwest Airlines Co. rose 3.0% and United Continental Holdings Inc. tacked on 3.4%. The NYSE Arca Airline Index jumped 2.4%, putting it on track for the highest close since Feb. 26. Meanwhile, the Dow Jones Industrial Average tacked on 30 points, or 0.1%, and the S&P 500 advanced 0.2%. On Wednesday, the Dow transports rose 0.5%, while both the Dow industrials and the S&P 500 fell 0.2%.
Southwest Airlines Co said on Thursday it was extending the removal of Boeing Co 737 MAX aircraft from its flying schedule through Sept. 2, after the plane was grounded worldwide following two deadly crashes. Southwest, the largest global operator of the MAX with 34 jets, had previously said it was cancelling flights through Aug. 5. The revision is in line with American Airlines Group Inc's recent decision to extend MAX cancellations through Sept. 3, from Aug. 19 previously.
Southwest Airlines reported a total of 9,400 flight cancellations during the first quarter of 2019, 2,800 of which were due to troubled Boeing jets. As a result, the airline’s revenue growth slowed to 4.2% in the first quarter.
American Airlines CEO Doug Parker said that it is “highly likely” that the currently grounded 737 Max aircraft will be back in the air by mid-August, according to a report.
Delta Air Lines has added San Jose to the small list of cities it serves that it classifies as “focus cities,” and said that it will increase passenger capacity by 23.1 percent this year at Mineta San Jose International Airport. The news emerged last week at an airline conference in Nashville at which Amy Martin, the airline’s head of domestic network planning, spoke. The airlines’ other focus cities are Nashville, which is being added to the list along with SJC, Austin, former Delta hub Cincinnati and Raleigh-Durham.
In 2017, Sea-Tac parking saw 11 days at full capacity and in 2018 that tripled to 33 days. Airport officials are projecting 44 or more days at full capacity this year.