|Bid||51.33 x 900|
|Ask||51.34 x 900|
|Day's Range||51.07 - 51.72|
|52 Week Range||44.28 - 64.02|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||11.95|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||0.64 (1.25%)|
|1y Target Est||62.67|
Southwest mechanics on Monday were hopeful that years of difficult contract bargaining may be reaching an end.
Boeing Opens 2.4% Lower Today on Increasing ScrutinyEscalating scrutiny The Boeing Company (BA) stock opened 2.4% lower on March 18 due to increasing scrutiny by lawmakers and regulators over whether the approval process for its fast-selling 737 MAX
Southwest Airlines and the Aircraft Mechanics Fraternal Association reached an agreement in principle over the weekend that could mean an end to six years of contract negotiations.
Airline stocks fell Monday, bucking the gains seen in the broader market, as concerns over the negative impact from the grounding of Boeing Co.'s 737 Max jets linger. The NYSE Arca Airline Index dropped 0.9%, as air carrier stocks paced the Dow Jones Transportation Average's decliners. Among the leading losers, shares of JetBlue Airways Corp. gave up 1.5%, United Continental Holdings Inc. lost 1.0%, American Airlines Group Inc. slumped 0.9%, Delta Air Lines Inc. fell 0.8%, Alaska Air Group Inc. declined 0.4% and Southwest Airlines Co. slipped 0.2%. Analyst Jamie Baker at J.P. Morgan said Monday he believes the grounding of the 737 Max jets "is largely immaterial to most North American airlines." He said if there is a protracted grounding, it could end up being positive for the industry, except for Southwest, which has the largest 737 Max fleet, because it could lead to further consolidation. While the airline stocks fell, the Dow transports rose 0.4% and the S&P 500 gained 0.1%.
Southwest Airlines (LUV) and its mechanics' union ink a provisional deal, after the Federal Aviation Administration's warning about safety-related risks.
More than 4% of Southwest Airlines' fleet is out of commission until further notice, and that's creating opportunities for Spirit Airlines and Hawaiian Airlines.
Southwest Airlines and a union representing its mechanics could be on the verge of ending a bitter, long-running labor dispute that has triggered hundreds of flight cancellations and raised safety concerns.
DALLAS (AP) — Southwest Airlines and a union representing its mechanics could be on the verge of ending a bitter, long-running labor dispute that has triggered hundreds of flight cancellations and raised safety concerns.
It's hard to think of a more iconic Austin musician than Willie Nelson. Find out why he throws an annual party in the Texas Hill Country at the same time as South by Southwest, with a little help from tiny brands and big ones such as Southwest Airlines.
A tense week in the U.S. airline industry included a fast-changing situation where pilots at two of the nation's largest carriers had to quickly adjust their view on a controversial aircraft.
Carrier adds new nonstop routes throughout the nation as it extends flight schedule through Nov. 2, 2019 DALLAS , March 15, 2019 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today announced several ...
Boeing Stock Falls Again after It Halts 737 MAX DeliveriesBoeing halts 737 MAX deliveriesBoeing (BA) stock fell over 1% yesterday after the company announced suspending deliveries of its 737 MAX planes due to the temporary grounding of this series
MONTREAL/CHICAGO (Reuters) - U.S. and Canadian carriers wrestled with customer calls and flight cancellations on Thursday after the two countries followed other nations in grounding Boeing's 737 MAX planes because of safety concerns. Dallas-based Southwest Airlines Co, the largest operator of the 737 MAX in the world with 34 jets, said it was experiencing unusually high call volumes and had cancelled 39 MAX flights. Canada and the United States announced on Wednesday they would ground the MAX planes, citing new satellite data and evidence from the scene of an Ethiopian Airlines plane crash on Sunday that killed 157 people.
The grounding of Boeing Co.'s 737 Max jets by the U.S. and Canada on Wednesday, and by many other countries earlier this week, is "not...a major factor" for the airlines it rates, S&P Global Ratings said Thursday. The groundings came after there was a deadly crash of a 737 Max jet over the weekend, a second in less than 6 months. Among the air carriers with the most exposure to the 737 Max family of jets, shares of Southwest Airlines Co. rose 0.8% in afternoon trade Thursday, but have lost 1.5% this week; American Airlines Group Inc. tacked on 0.2% on the day and were little changed on the week; and United Continental Holdings Inc. edged up 0.1% on the day but have lost 1.3% this week. In comparison, the NYSE Arca Airline Index has tacked on 2.0% this week and the S&P 500 has gained 2.4%. "We could revise our assessment of the 737 MAX aircraft if we conclude that the recent accidents will lead to a lasting diminution of collateral value or resale liquidity, but that would not become clear for some time," S&P Global said.
In an internal memo Wednesday night, Gary Kelly provided his take on the grounded MAX and what the grounding will mean for Southwest.
Statistically speaking, airliner fatalities are incredibly rare. Nevertheless, I can't help but breathe a sigh of relief that I'm back from my recent European vacation. Recently, airline stocks have endured unwanted attention due to Boeing's (NYSE:BA) horrific human and PR crisis.On Sunday, Ethiopian Airlines Flight 302 crashed, killing all onboard. The incident comes less than five months after Lion Air Flight 610 also crashed. Immediately, everyone recognized that both incidents involved Boeing's latest aircraft, the 737 Max 8. But more damning is the possibility that a similar system malfunction doomed both flights.Of course, Boeing stock took the brunt of the damage, and will probably fall even further. The Federal Aviation Administration grounded all U.S.-based 737 Max 8 jets following the lead of many other individual countries and the EU. Over the next few years, oversight agencies will likely examine Boeing's business and operational practices with the same fervor as a Mueller investigation.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut don't make the mistake the only stock affected by these tragedies is BA. As the 737 Max 8 jets are rapidly becoming a staple among airline stocks, they too have suffered nearer-term volatility.According to a CNBC report, approximately 20% of 737 Max 8 aircraft belong to U.S. airliners. Moreover, the grounding results in a forced opportunity cost and future revenue challenges. With a tech-savvy consumer base, many fliers may eschew the Max 8 for something else even after the planes are cleared for takeoff again.But before you make any rash decisions, let's take a deeper look at the major domestic airline stocks: Southwest Airlines (LUV)Source: Jerry Landers via Flickr (Modified) Southwest Airlines (NYSE:LUV) presents a strange case study regarding anticipated reactions versus actual results. According to The New York Times, Southwest owns the largest fleet of Boeing 737 Max 8 jets in the world! Logically, you'd expect the company to lead other airline stocks into the depths of purgatory. So is LUV stock melting down? Shares took some damage following news of the Ethiopian Air disaster, but the volatility has been surprisingly muted. While it nominally owns the now dubious title of Max 8 king, on a percentage basis, Southwest's exposure is limited. The grounded flights only represent about 4% of its total flights.How then should investors treat LUV stock? Very carefully. Personally, I'd avoid it for right now. Because Southwest largely flies domestically (with relatively short international routes), it's very sensitive to margins. Therefore, a critical reason exists why Southwest owns so many 737 Max 8 planes: they're super-efficient on fuel.Now that those planes are grounded and have incurred a reputational smear, I'd wait out LUV stock. American Airlines Group (AAL)Source: Oliver Holzbauer via Flickr From an airline with a lot riding on the Max 8, we now move to American Airlines Group (NASDAQ:AAL). Compared to other airline stocks, American has almost no exposure. Yes, they operate 85 daily flights that utilize the Boeing 737 Max 8. However, they also run 6,700 departures throughout its vast aeronautical empire. Just based on this context, you'd expect AAL stock to suffer the least among domestic airline stocks. Unfortunately, you would be completely wrong. Since the September 21st close of last year, shares have tanked almost 27%. Plus, the typical enthusiasm following the new year hasn't done anything for the airliner.If you follow what the market is telling you, the approach explains itself: stay far away from AAL stock. And this is exactly the guidance I provided for conservative investors on Monday.However, those who want to live dangerously have a speculative case. Because AAL stock has dropped much more than other airline stocks, it's likely to drive higher on any positive news. Just be sure you know where the exits are. Delta Air Lines (DAL)Source: via Delta I have a love-hate relationship with Delta Air Lines (NYSE:DAL). On the U.S.-side, their customer service is terrible. Strangely, though, they know how to treat their customers right. And their long-haul 767s don't feature the dreaded 3-4-3 seating configuration. Traveling to Europe, though, you're going to hate life for the next several hours. That's because Delta partners with European airliners, and they go with the opposite philosophy: exemplary service in an inhumane environment.As I was flying somewhere over the Atlantic Ocean, a thought crossed my mind. Delta does this because they know they can get away with it. Indeed, the profit margins supporting DAL stock are significantly higher compared to most airline stocks. While Southwest beats Delta in this department, I think their leverage towards the 737 Max 8 will rear its ugly head.At this juncture, I don't really care for airliners. However, if I had to choose, I'd reluctantly go with DAL stock. They have the lucrative flights and the cutthroat mentality to thrive in this sector. Just don't expect me to like them because I don't.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities.Compare Brokers The post Are These 3 Airline Stocks in for a Smooth Flight or More Turbulence? appeared first on InvestorPlace.
The February load factor decline at SkyWest (SKYW) and JetBlue (JBLU) does not bode well for the airline space.
Boeing Faces Worldwide Grounding of Its 737 MAX Planes(Continued from Prior Part)Grounding may impact deliveriesThe worldwide grounding of 737 Max 8 planes may negatively impact Boeing’s (BA) deliveries and orders in the near term. On March 12,