Elliott Statement on Southwest Airlines' Revenue Guidance Reduction

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Go back to Elliott Statement on Southwest Airlines' Revenue Guidance Reduction

Barclays Reiterates Equalweight Rating on Southwest (LUV)

June 27, 2024 6:24 AM EDT

Barclays 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