Southwest Airlines Co. (LUV)
| Market Cap | 16.93B |
| Revenue (ttm) | 26.71B |
| Net Income (ttm) | 393.00M |
| Shares Out | 598.46M |
| EPS (ttm) | 0.61 |
| PE Ratio | 46.38 |
| Forward PE | 21.05 |
| Dividend | $0.72 (2.55%) |
| Ex-Dividend Date | Jun 18, 2024 |
| Volume | 7,005,370 |
| Open | 28.16 |
| Previous Close | 28.11 |
| Day's Range | 27.91 - 28.39 |
| 52-Week Range | 21.91 - 39.53 |
| Beta | 1.14 |
| Analysts | Hold |
| Price Target | 30.52 (+7.88%) |
| Earnings Date | Jul 25, 2024 |
About LUV
Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. It al... [Read more]
Financial Performance
In 2023, LUV's revenue was $26.09 billion, an increase of 9.56% compared to the previous year's $23.81 billion. Earnings were $465.00 million, a decrease of -13.73%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for LUV stock is "Hold." The 12-month stock price forecast is $30.52, which is an increase of 7.88% from the latest price.
News
The Winners and Losers as US Airlines Gear Up for July 4
Citi Analyst Stephen Trent discusses which companies he sees succeeding as US airlines gear up for July 4 travel. He speaks on Bloomberg Television.
FAA and NTSB to investigate Southwest flight that departed from a closed runway in Maine
The National Transportation Safety Board and Federal Aviation Administration said on Friday it will investigate a Southwest Airlines flight that departed from a temporarily closed runway in Maine earl...
Southwest prompts federal probe after flight departs from closed Maine runway
The incident occurred early Tuesday morning at Portland International Jetport in Maine.
NTSB, FAA to investigate Southwest flight that departed from closed runway in Maine
The National Transportation Safety Board and Federal Aviation Administration said on Friday it will investigate a Southwest Airlines flight that departed from a temporarily closed runway in Maine earl...
Southwest Expects Lower Pricing Power as Airlines Add Capacity
Southwest Airlines is experiencing reduced pricing power because airlines have added flights and seats.
Southwest Airlines Cuts Q2 Revenue Outlook Amid Higher Costs
Southwest Airlines stock is choppy Wednesday after the company cut its revenue guidance for the second quarter. Here's what you need to know.
Southwest Airlines' stock reverses losses to trade higher after company cuts revenue guidance
Southwest Airlines Co.'s stock reversed early losses to trade slightly higher Wednesday, after the carrier lowered its second-quarter revenue guidance in a dynamic environment.
Southwest cuts revenue outlook despite booming demand, blames ‘booking patterns'
Southwest said the revenue per mile outlook is worsening mostly due to the difficulty of adapting its pricing to “current booking patterns in this dynamic environment.”
Southwest Airlines Cuts Outlook on Slower Bookings
Southwest Airlines (LUV) shares fell Wednesday as the carrier slashed its guidance because of softer bookings.
Elliott Statement on Southwest Airlines' Revenue Guidance Reduction
WEST PALM BEACH, Fla. , June 26, 2024 /PRNewswire/ -- Elliott Investment Management L.P.
Southwest Airlines stock falls after lowering its Q2 revenue forecast: Should you buy?
Southwest Airlines Co (NYSE: LUV) is facing a turbulent start to the day, with its stock trading down 4% in pre-market trading. The sharp decline comes after the company revised its Q2 2024 revenue fo...
Southwest Airlines cuts revenue forecast
Southwest cut its second-quarter revenue forecast, citing changing booking patterns. The airline also said its unit expenses, excluding fuel, would be up as much as 7.5% over the year earlier period.
Southwest flags lower unit revenue forecast as demand stays uneven
Southwest Airlines on Wednesday lowered its second-quarter forecast for revenue per available seat miles (RASM), a proxy for pricing power, as the domestic carrier struggles to predict a change in dem...
IT'S THE SUMMER OF GO! SOUTHWEST AIRLINES HIGHLIGHTS LEISURE TRAVEL DESTINATIONS AND OFFERS CUSTOMERS THE CHANCE TO WIN WEEKLY GETAWAY PRIZE PACKAGES
Airline launches 10-week sweepstakes in partnership with local Chambers of Commerce and Convention and Visitors Bureaus DALLAS , June 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today...
Bullish on Southwest Airlines (LUV)
Southwest Airlines (LUV) is today's morning trade for beginner, intermediate, and advanced options traders. Alan Knuckman demonstrates an example trade using the stock.
A Southwest flight dropped to just 525 feet above an Oklahoma town, prompting an altitude warning and FAA investigation
A Southwest Airlines flight dropped to just 525 feet above the ground on Wednesday. The incident prompted an altitude warning and an FAA investigation.
Southwest flight heading for Oklahoma City dives to 500 feet above neighborhood
A Southwest Airlines Boeing 737-800 passenger plane flew around 500 feet from the ground in Oklahoma City following a missed landing approach, reports say.
US FAA probes low-flying Southwest Airlines flight near Oklahoma City
The Federal Aviation Administration (FAA) said on Thursday it is investigating a Southwest Airlines flight that descended to a low altitude 9 miles (14.5 km) from the Oklahoma City airport.
Southwest is under pressure to make big changes to its planes, flights, and bag rules: Here's what they could all look like
An activist investor has bought a big stake in Southwest Airlines and is asking for major changes. Elliott Management wants a new CEO and a total review of Southwest's business model.
SOUTHWEST AIRLINES CELEBRATES BIRTHDAY WITH FARES AS LOW AS $53 ONE-WAY
DALLAS , June 18, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) continues its birthday celebration with a sale on flights starting as low as $53 one-way in honor of the carrier turning 53....
FAA investigates after Southwest plane drops to ‘within 400ft' of Pacific Ocean
News comes as US regulators investigate separate incident after Boeing 737 Max 8 plane did a ‘Dutch roll' in May
A Southwest Airlines plane that did a 'Dutch roll' suffered structural damage, investigators say
A Boeing 737 Max suffered damage to parts of the plane's structure after it went into a "Dutch roll" during a Southwest Airlines flight last month, U.S. investigators said Friday.
US NTSB opens probe into Southwest Boeing 737 MAX in-flight event
The National Transportation Safety Board said Friday it is opening an investigation into a May 25 in-flight oscillation event involving a Boeing 737 MAX operated by Southwest Airlines.
Top Southwest shareholder signals support for Elliott Management's activist campaign
CNBC's Becky Quick reports on the latest news.
Can Southwest Airlines Find Its Way Again?
Southwest Airlines LUV 1.39%increase; green up pointing triangle is flying through an identity crisis. Expect turbulence.