Key PointsShares have been selling off hard since Monday’s update.However, there are signs that the selloff is overdone and shares are due a bounce. One team of analysts is calling for a 40% upside from current levels. 5 stocks we like better than Southwest AirlinesFor a stock that has led its peers for so long, Southwest Airlines Company NYSE: LUV has been having a tough time recently. While it was able to catch some of those gains that have been sweeping across equities since November, this week’s 20% dro ...

In the latest trading session, Southwest Airlines (LUV) closed at $28.28, marking a -1.67% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 0.54%.Shares of the airline witnessed a loss of 11.59% over the previous month, trailing the performance of the Transportation sector with its gain of 2.1% and the S&P 500's gain of 3.18%.Analysts and investors alike will be ...

Shares of Southwest Airlines Co. (LUV) plunged 14.8% on Mar 12, closing the trading session at $28.76. The downside was owing to the unfavorable fuel price guidance provided by Southwest for the first quarter and its plans to reduce 2024 capacity due to production delays at Boeing (BA) .Notably, LUV has raised its first-quarter 2024 economic fuel costs per gallon guidance to the range of $2.95-$3 (prior view: $2.70 to $2.80).High fuel costs due to an escalation in oil price are a bane and are likely to hurt ...

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Southwest Airlines (NYSE: LUV) stock price is facing strong turbulence as concerns about its exposure to Boeing escalate. It plunged by more than 14% on Tuesday, reaching its lowest point since January 17th. It has dropped by more than 17% from its highest point this month.Boeing exposure risksCopy link to sectionSouthwest Airlines, one of the biggest American airline companies in the world, is in trouble as Boeing moves from one crisis to another. The company has experienced a series of mishaps in the past ...

J.P. Morgan Industrials Conference Bob Jordan, President & CEO 2023 | Year of progress We made significant progress in 2023 and ended the year a stronger Company 2023 Focus areas Top 2023 achievements 1. Completed Winter Operations Preparedness Plan 2. New Customer Experience capabilities 3. ...

Summary of Southwest Airlines Conference Call Company Overview - **Company**: Southwest Airlines Co. (NYSE:LUV) - **Event**: J.P. Morgan 2024 Industrials Conference - **Date**: March 12, 2024 Key Points Operational Improvements - Southwest Airlines has implemented a comprehensive winter weather action plan, successfully tested during various winter weather events, leading to stable crew and aircraft networks [3] - The company achieved a 99.3% completion factor since February 1, marking February as the highest completion factor on record since 1997 [7][8] - First quarter capacity is expected to increase approximately 11% year-over-year, up from a previous estimate of 10% [8] Financial Performance - Revenue per available seat mile (RASM) guidance for the first quarter has been updated to a range of flat to 2% year-over-year, reflecting a 2.5-point decrease from prior expectations [8][9] - Despite challenges, the company anticipates another quarter of record revenue, with strong demand and improved operational performance [9][10] Labor Agreements - Southwest has ratified agreements with six out of eight labor groups, including pilots, and is optimistic about finalizing the remaining contracts [4] Cost Management - Non-fuel costs are projected to rise approximately 6% year-over-year for the first quarter, primarily due to salary and maintenance expenses [11] - The company has halted hiring for customer support and flight attendant positions, reducing pilot hiring by over 50% and flight attendant hiring by over 60% for 2024 [12][13] Boeing Delivery Delays - Boeing has revised its delivery schedule, now expecting to deliver 46 MAX 8 aircraft in 2024, down from 58 [15] - The company is adjusting its fleet plan to mitigate risks associated with these delays, focusing on maintaining operational efficiency and cost management [16][17] Future Outlook - The company is not providing a full-year 2024 outlook due to the recent changes in aircraft delivery schedules [15] - Southwest aims to achieve a full-year capacity growth of 4.5% to 5% year-over-year, with adjustments being made to optimize schedules [17] Sustainability Initiatives - Southwest aims for 10% of its fuel usage to be sustainable aviation fuel (SAF) by 2030, with a long-term goal of net zero emissions by 2050 [51][52] - The company has formed a subsidiary, Southwest Airlines Renewable Ventures, to invest in sustainable fuel projects [54] Customer Loyalty and Revenue Initiatives - The Rapid Rewards loyalty program is performing well, with record memberships and revenues [36] - The company is exploring new revenue initiatives and enhancements to the loyalty program, including potential partnerships and new features [38][39] Competitive Landscape - The company acknowledges competitive pressures from other airlines, particularly regarding change fee policies and customer service initiatives [24][25] - Southwest remains committed to its core values of customer service and operational efficiency, which it believes will sustain its competitive advantages [20] Conclusion - Southwest Airlines expresses optimism about its future, emphasizing its strong operational performance, commitment to cost management, and focus on sustainable growth [19][21]

Southwest Airlines Co. (NYSE:LUV) J.P. Morgan 2024 Industrials Conference March 12, 2024 10:00 AM ET Company Participants Tammy Romo - Executive Vice President & Chief Financial Officer Bob Jordan - President & Chief Executive Officer Conference Call Participants Jamie Baker - JPMorgan Mark Streeter - JPMorgan Jamie Baker All right folks. Moving right along. I am very pleased to turn the spotlight at this point to Southwest Airlines. I just saw Bob speak at ISTAT last week. So I certainly have an idea of so ...

Quality issues at Boeing (BA -4.58%) are wreaking havoc on the aerospace giant's customers, causing airlines to rethink their growth plans. Shares of Southwest Airlines (LUV -14.52%) were down 14% as of 11:30 a.m. ET after the company said it was trimming capacity and reevaluating its financial forecasts for the year.No planes, no growthBoeing investors have been taken on a turbulent ride in recent years, and the company's customers have not been treated much better. Boeing has been plagued by design and qu ...

Shares of Southwest Airlines Co (NYSE:LUV) are 7.9% lower before the bell, after the airliner adjusted its full year 2024 guidance lower. In a statement, Southwest Airlines said it was "reevaluating all prior full year 2024 guidance, including the expectation for capital spending" amid delayed deliveries from embattled Boeing (BA). In addition to expectations of flat to a no more than 2% rise in revenue, the company also showed weaker-than-expected leisure bookings for the first quarter. On the charts, LUV ...