Southwest Airlines Reports Third Quarter Profit
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JPMorgan Upgrades Southwest (LUV) to Overweight
October 27, 2016 12:53 PM EDTJPMorgan upgraded Southwest (NYSE: LUV) from Neutral to Overweight with a price target of $51.50.
For an analyst ratings summary and ratings history on Southwest click here. For more ratings news on Southwest click here.
Shares of Southwest closed at $38.40 yesterday.
... MoreSouthwest Airlines (LUV) Pares Decline With Conference Call Ongoing
October 26, 2016 12:56 PM EDT(Updated)
Southwest Airlines (NYSE: LUV) pared declines in the wake of its Q3 earnings release following comments during a related conference call. The company made positive comments regarding January RASM.
... MoreSouthwest Airlines (LUV) Tops Q3 EPS by 5c
October 26, 2016 6:34 AM EDTSouthwest Airlines (NYSE: LUV) reported Q3 EPS of $0.93, $0.05 better than the analyst estimate of $0.88. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $5.17 billion.
Customer demand remained strong during third quarter, with lower year-over-year fares resulting in a 4.9 percent decline in passenger revenue yield, as compared with third quarter 2015. Operating unit revenues (RASM) declined 4.1 percent, as compared with third quarter 2015 excluding the one-time special revenue adjustment of $172 million. While current trends suggest a stabilization of close-in fares, the overall revenue yield environment remains soft. Based on... More
