Why Southwest Airlines Stock Dived Today

According to reports, the researcher expressed concern with weakening domestic travel demand, on the back of declining consumer sentiment and wobbly business confidence. It cited data from the International Air Transport Association indicating that revenue passenger kilometers, a key industry metric, were down by over 4% in February. Jefferies wrote that it expects Southwest, Air Canada, and American to reduce their earnings guidance, a move that typically results in some degree of sell-off for a stock. Mar ...