Southwest Airlines Co. (LUV)
| Market Cap | 16.30B |
| Revenue (ttm) | 26.71B |
| Net Income (ttm) | 393.00M |
| Shares Out | 598.46M |
| EPS (ttm) | 0.61 |
| PE Ratio | 44.64 |
| Forward PE | 21.08 |
| Dividend | $0.72 (2.64%) |
| Ex-Dividend Date | Jun 18, 2024 |
| Volume | 13,130,455 |
| Open | 28.08 |
| Previous Close | 28.08 |
| Day's Range | 27.03 - 28.13 |
| 52-Week Range | 21.91 - 35.18 |
| Beta | 1.15 |
| Analysts | Hold |
| Price Target | 29.11 (+6.9%) |
| 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 19 analysts, the average rating for LUV stock is "Hold." The 12-month stock price forecast is $29.11, which is an increase of 6.90% from the latest price.
News
Activist Investor Elliott Criticizes Southwest Again After Airline Announces Changes
The friction between Elliott Investment Management and the leadership of Southwest Airlines (LUV) intensified after the private equity firm blasted the airline's management for acting too late to init...
Southwest Airlines says passengers wanted assigned seats. For some loyal flyers, ‘it's a true blow.
One Southwest fan likened the drastic policy change to the time Coca-Cola rolled out New Coke.
SOUTHWEST ADDS MORE FLIGHTS FOR POPULAR EVENTS; PUBLISHES INITIAL REDEYE SERVICE AND NEW ROUTES SPANNING THE COUNTRY
DALLAS , July 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) has new flights available for booking today as the carrier continues responding to Customer demand and preferences with additi...
This Southwest Airlines Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag...
Southwest Fans Wonder if the Airline Has Changed Forever
Every airline has its devoted customers, and then there's Southwest.
Elliott Statement on Southwest Airlines' Revenue Enhancement Initiatives
WEST PALM BEACH, Fla. , July 25, 2024 /PRNewswire/ -- Elliott Investment Management L.P.
Airline stocks snap back, heading for bullish ‘key reversal' patterns
Jets ETF and American Airlines' stock gap lower at the open, hit fresh lows, then rallied above the previous day's highs.
'Prepare for a bloodbath' in the airline industry, analyst says
American Airlines (AAL) and Southwest Airlines (LUV) shares were initially under pressure in Thursday's pre-market hours after reporting earnings, both seeing a bump higher at the start of regular tra...
Southwest Airlines To Introduce Assigned Seating, Overnight Flights
Southwest Airlines (LUV) is abandoning its longtime policy of open seating, announcing plans Thursday "to assign seats and offer premium seating options to meet evolving Customer preferences and incre...
Southwest Airlines ends 50-year tradition with a radical change
After a reported 51% decrease in profit last quarter, Southwest says it will be making big changes to its operation. Transcript: Conway Gittens: I'm Conway Gittens reporting from the New York Stock Ex...
Southwest is being investigated after a slew of incidents, including a rare 'Dutch Roll' and planes flying too close to the ground
The FAA is investigating Southwest Airlines after several in-flight incidents in recent months. Southwest planes have descended to dangerously low altitudes, and one suffered a so-called "Dutch roll.
Southwest CEO Bob Jordan: Not happy with our results in Q2
CNBC's Phil LeBeau and Southwest CEO Bob Jordan join 'Squawk on the Street' to discuss the airline's quarterly earnings results, the company's decision to end open seating, FAA's safety audit into the...
Big changes at Southwest Airlines include assigned seats, premium legroom, and red-eye flights
Southwest Airlines is undertaking a strategic transformation to improve customer experience, boost financial performance, and drive shareholder value. The initiative includes significant changes, incl...
Southwest profit falls 46% as airline takes ‘urgent' steps to increase revenue
CNBC's Phil LeBeau joins 'Squawk Box' to report on the airline's quarterly earnings results.
Southwest Airlines Shakes Up Its Seating Rules
Southwest Airlines will also offer redeye flights for the first time.
SOUTHWEST AIRLINES REPORTS SECOND QUARTER 2024 RESULTS
DALLAS , July 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its second quarter 2024 financial results: Net income of $367 million, or $0.58 per diluted sha...
Southwest profit falls 46% as airline takes 'urgent' steps to increase revenue
Southwest forecast an increase of as much as 13% in non-fuel costs for the third quarter. The carrier plans to start assigning seats and offering an extra-legroom product to increase sales.
Southwest Airlines beats Q2 profit estimates, marks shift to premium seating
Southwest Airlines beat analysts' expectations for second-quarter profit on Thursday and said it would introduce both assigned and premium seating in its cabins, marking a significant shift away from ...
Southwest Airlines to move ahead with assigned seating and premium seating options
Southwest Airlines Co. LUV, -2.10% said Thursday it will move ahead with plans to assign seats and offer premium seating options, redesign its boarding model and introduce redeye flying. It's a big de...
Southwest Airlines Is Ditching Open Seating on Flights
Southwest Airlines will soon assign seats on flights and sell some with extra legroom, making sweeping changes in a bid to broaden its appeal to passengers and boost revenue.
Southwest to get rid of open seating, offer extra legroom in biggest shift in its history
Southwest plans to offer pricier seats with extra legroom and end open seating on its planes. The shifts are the most major in Southwest's more than five decades of flying.
SOUTHWEST AIRLINES LAUNCHES ENHANCEMENTS TO TRANSFORM CUSTOMER EXPERIENCE AND IMPROVE FINANCIAL PERFORMANCE
Decides to assign seats and offer premium seating options to meet evolving Customer preferences and increase revenue opportunities Introduces redeye flights for sale to further optimize the network an...
Southwest Airlines Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Southwest Airlines Co. LUV will release its financial results for the second quarter, before the opening bell on Thursday, July 25.
American Airlines, Southwest Airlines Q2 Earnings Previews: Will They Address The Microsoft Outage Fallout?
Two airline companies will report quarterly financial results Thursday, before market open. The results and comments on the Microsoft Outage could impact the entire airline sector going forward.
Southwest Airlines Faces FAA Review After Recent Incidents
Southwest Airlines (LUV) is facing a safety review from the Federal Aviation Administration, the company confirmed Tuesday, following a series of incidents in recent months.