Southwest (LUV) PT Lowered to $68 at Imperial Capital Following 1Q

Southwest (LUV) PT Lowered to $67 at Citi

April 30, 2018 6:39 AM EDT

Citi lowered its price target on Southwest (NYSE: LUV) to $67.00 (from $74.00) while maintaining a Buy rating.

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Southwest (LUV) PT Lowered to $71 at Deutsche Bank; 2H Improving Top-Line

April 27, 2018 9:26 AM EDT

Deutsche Bank lowered its price target on Southwest (NYSE: LUV) to $71.00 (from $75.00) while maintaining a Buy rating.

Analyst Michael Linenberg commented, "Southwests Mar Q results were essentially in-line on recently reduced expectations (flat RASM forecast vs. initial RASM guide of +1% to... More

Southwest (LUV) PT Lowered to $65 at Cowen

April 27, 2018 7:16 AM EDT

Cowen lowered its price target on Southwest (NYSE: LUV) to $65.00 (from $67.00) while maintaining a Outperform rating.

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Southwest Airlines orders 40 Boeing 737 MAX jets worth $4.68 billion

April 27, 2018 12:20 AM EDT

(Reuters) - U.S. carrier Southwest Airlines (NYSE: LUV) has ordered 40 Boeing Co (NYSE: BA) 737 MAX jets worth $4.68 billion at list price to help modernize its fleet, the airline said, making it the planemaker's largest global customer for the updated narrowbody.

Southwest converted options it... More

Southwest Airlines expects bookings to drop after deadly explosion

April 26, 2018 3:49 PM EDT

By Alana Wise

(Reuters) - Southwest Airlines Co (NYSE: LUV) on Thursday warned the consequences of a mid-air engine explosion last week will weigh on second-quarter bookings, as investigators continued to probe the events that led to the first passenger death in the airline's history.

Second-quarter unit revenue will drop by 1 percent to 3 percent, the carrier said in its quarterly earnings report, with 1 to 2 percentage points attributed to a decrease in bookings following the engine explosion. The loss in bookings will shave between $50 million and $100 million, Southwest said.

The airline... More

CFM says more than half of engines inspected after emergency directive

April 26, 2018 11:18 AM EDT

By David Shepardson

WASHINGTON (Reuters) - Jet engine manufacturer CFM International Inc said on Thursday airlines have inspected more than half of nearly 700 CFM engines subject to an emergency order issued late Friday by U.S. and European regulators.

The inspections cover engines like the one involved in a fatal Southwest Airlines Co (NYSE: LUV) engine blowout last week. The directives for inspections by the U.S. Federal Aviation Administration and the European Aviation Safety Agency suggested rising concerns about CFM56-7B engines, built by the joint venture of... More

Southwest Airlines (LUV) Tops Q1 EPS by 1c, Offers Outlook

April 26, 2018 6:32 AM EDT

Southwest Airlines (NYSE: LUV) reported Q1 EPS of $0.75, $0.01 better than the analyst estimate of $0.74. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $5.01 billion.

Cost Performance and OutlookFirst quarter 2018 total operating expenses increased 1.9 percent to $4.3 billion. Total operating expenses per available seat mile (CASM, or unit costs) increased 0.1 percent, as compared with first quarter 2017. Excluding special items in both periods, first quarter 2018 total operating expenses increased 1.9 percent to $4.4 billion, or 0.1 percent on a unit basis, year-over-year.

Effective January 1, 2018, the Company early adopted ASU No. 2017-12, Targeted Improvements to... More

Southwest Airlines (LUV) option implied volatility elevated into EPS and outlook

April 25, 2018 10:52 AM EDT

Southwest Airlines (NYSE: LUV) April weekly call option implied volatility is at 81, May is at 36; compared to its 52-week range of 21 to 43 into the expected release of Q1 results before the market open on April 26.

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