Investors might want to bet on Southwest Airlines (LUV) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this airline reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between tren ...

In partnership with the Hispanic Association of Colleges and Universities, the airline celebrates 20 years of connecting students to their families through travelDALLAS, Oct. 9, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the Hispanic Association of Colleges and Universities (HACU) are partnering for the 20th year to provide tickets to students through the ¡Lánzate!/Take Off! Higher Education Travel Award Program. This year's recipients were selected from more than 90 institutions across the ...

Shares of Dallas, TX-based airline heavyweight Southwest Airlines Co. (LUV) have had a good run of late, improving double digits over the past 90 days. The encouraging price performance resulted in LUV outperforming its industry in the said time frame, as well as the S&P 500, of which the airline is a key member. Additionally, LUV’s price performance compares favorably with that of fellow U.S. airline operators JetBlue Airways Corporation (JBLU) and Alaska Air Group, Inc. (ALK) in the same time frame.Three- ...

Shares of Southwest Airlines Co. (LUV) performed well on the bourse on Sept. 26, 2024, closing the trading session at $29.93 per share, up 5.42% from the previous day's closing. The upside was owing to the improved third-quarter 2024 guidance revealed by the company.LUV now anticipates its third-quarter revenue per available seat mile (RASM or unit revenues) to increase in the range of 2%-3% on a year-over-year basis. This marks an improvement from the previous forecast of flat to down 2%. The upside in rev ...

Southwest Airlines (LUV) shares rallied 5.4% in the last trading session to close at $29.93. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1% loss over the past four weeks.The stock is benefitting from its upbeat views (announced on Sep. 26, 2024) on third-quarter 2024 unit revenues and fuel costs. LUV now expects its revenue per available seat miles (RASM: a key measure of unit revenue) to increase in the ...

Activist hedge fund Elliott Investment Management on Thursday blamed Southwest CEO Bob Jordan for the airline’s sagging fortunes — hours after the embattled carrier raised its outlook for profits and revenue.Elliott, led by billionaire Paul Singer, reaffirmed its intent to call a special meeting to oust the current board and encouraged shareholders to confirm their ability to vote on all of their shares ahead of the meeting.“Why is Mr. Jordan – who has delivered years of unacceptable financial results and, ...

WEST PALM BEACH, Fla., Sept. 26, 2024 /PRNewswire/ -- 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"):Today's Investor Day will have a familiar ring for many shareholders: Another promise of a better tomorrow from the same people who have created the problems we face today. Without credible leadership that can execute, this plan – fi ...

The company raised guidance, and offered an upbeat outlook.Southwest Airlines (LUV 6.83%) raised its third-quarter forecast today and announced a series of steps designed to revitalize its business model. Investors are climbing on board, sending Southwest shares up as much as 11.4% on the day, and up 7.6% as of 1 p.m. ET.Building a better airlineSouthwest is an airline pioneer, but the company has been flying through turbulence in recent years. The shares have lost more than 40% of their value over the past ...

Key TakeawaysSouthwest Airlines shares surged Thursday as the airline adjusted its third-quarter and full-year projections, and announced a $2.5 billion stock buyback program.The announcements preceded the start of Southwest's Investor Day on Thursday.The airline has faced pressure in recent months from activist investor Elliott Investment Management to make revenue-generating adjustments and to change its executive leadership. Shares of Southwest Airlines (LUV) jumped Thursday as it announced a $2.5 billio ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...