Southwest Airlines' pricing woes dampen forecast despite solid travel demand
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Barclays Reiterates Equalweight Rating on Southwest (LUV)
June 27, 2024 6:24 AM EDTBarclays analyst Brandon Olgenski reiterated an Equalweight rating and $26.00 price target on Southwest (NYSE: LUV).
The analyst comments "Yesterday Southwest provided an investor update for 2Q24 revenue, pointing to an outcome roughly 175bps below prior guidance. Management revised the 2Q24 unit revenue outlook to down 44.5%, from a prior range of down 1.5-3.5%. The company cited challenges in adapting its revenue management to current booking patterns in... More
Citi Reiterates Neutral Rating on Southwest (LUV)
June 26, 2024 7:50 AM EDTCiti analyst Stephen Trent reiterated a Neutral rating and $29.00 price target on Southwest (NYSE: LUV).
The analyst comments "Southwests update for the June quarter looks weak. With no expected changes in capacity, unit revenue looks worse, which indicates weaker price point and/or... More
