Deutsche Bank Downgrades Southwest (LUV) to Hold, 'See near-term EPS pressure'

Southwest (LUV) PT Lowered to $20 at JPMorgan

July 26, 2024 7:26 AM EDT

JPMorgan analyst Jamie Baker lowered the price target on Southwest (NYSE: LUV) to $20.00 (from $24.00) while maintaining a Neutral rating.... More

Elliott Issues Statement on Southwest Airlines (LUV) Initiatives

July 25, 2024 4:04 PM EDT

Elliott Investment Management L.P. ("Elliott"), today released the following statement on behalf of Partner John Pike and Portfolio Manager Bobby Xu regarding Southwest Airlines Co. (NYSE: LUV) (the "Company" or "Southwest") and its... More

Airline stocks edge lower on American, Southwest Airlines results

July 25, 2024 9:37 AM EDT

Shares of major airlines plummeted on Thursday following disappointing earnings reports from American Airlines (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV).

Both carriers topped earnings expectations. However, American missed the consensus estimate for revenue and cut its full-year earnings guidance to $0.70 to $1.30 per share, well below the previous range of between... More

Midday movers: Ford, Edwards Lifesciences fall; Harley-Davidson, ServiceNow rise

July 25, 2024 7:49 AM EDT

(Updated - July 25, 2024 11:30 AM EDT)

Investing.com -- U.S. stock futures rebounded Thursday, stabilizing after sentiment was hit hard in the previous session by earnings from a couple of tech majors.

Here are some of the biggest U.S. stock movers today:

Ford (NYSE: F) stock slumped 17% after the auto giant reported a significant profit miss for the second quarter as it continues to battle costly quality issues and an EV business that is weighing on its bottom line.

Chipotle (NYSE:... More

Southwest Airlines reports Q2 results ahead of estimates, plans to end open seating

July 25, 2024 6:46 AM EDT

Southwest Airlines (NYSE: LUV) saw its shares slip in premarket trading Thursday despite reporting Q2 earnings and revenue that beat analyst estimates.

The US carrier posted Q2 earnings per share (EPS) of $0.58, surpassing the consensus estimate of $0.52. Revenue came in at $7.35 billion, also ahead of the consensus projection of $7.32 billion.

Still, the companys shares fell more than 2% in the... More

Southwest Airlines' open seating to end as it looks to lift earnings

July 25, 2024 6:35 AM EDT

By Rajesh Kumar Singh and Shivansh Tiwary

(Reuters) -Southwest Airlines announced sweeping changes on Thursday, including plans to end open seating that has been the hallmark of its brand for decades as it faces investor pressure to improve results and shore up its share price.

Earnings have been under pressure in recent quarters, partly because of delays in plane deliveries from Boeing, which have hit revenue and worsened cost pressures. Southwest is also facing pricing pressure as an industry-wide overcapacity in the domestic market has dampened airfares.

But Southwest's shares have lost about 30% of their... More

Southwest Airlines (LUV) Tops Q2 EPS by 6c

July 25, 2024 6:35 AM EDT

Southwest Airlines (NYSE: LUV) reported Q2 EPS of $0.58, $0.06 better than the analyst estimate of $0.52. Revenue for the quarter came in at $7.35 billion versus the consensus estimate of $7.32 billion.

For earnings history and earnings-related data on Southwest Airlines (LUV) click here.

... More

Southwest Airlines (LUV) Launches Assigned Seating, Premium Options

July 25, 2024 6:02 AM EDT

As the next step in a continuing strategic transformation, Southwest Airlines Co. (NYSE: LUV) (the "Company") is announcing several new initiatives designed to elevate the Customer experience, improve financial performance, and drive Shareholder value. As part of its ongoing focus on product evolution, the airline is moving forward with plans to assign seats, offer premium seating options,... More

Southwest Airlines (LUV) call put ratio 1 call to 1.3 puts into quarter results

July 25, 2024 5:26 AM EDT

Southwest Airlines (NYSE: LUV) July weekly 26.50 straddle priced for a move of 7% into the expected release of quarter results today before the bell.

... More