Airline Stock Dips on the Heels of $140 Million Fine

Southwest Airlines Co (NYSE:LUV) stock was last seen down 0.8% to trade at $28.65. While there's no specific catalyst for today's movement, the U.S. Department of Transportation (DOT) recently fined the company $140 million for a 10-day long holiday crisis in 2022 that left more than 2 million travelers stranded.The shares are eyeing their first close below the 20-day moving average since November, though support at the $28 level looks ready to contain this pullback. In the past 12 months, LUV shed 14.9%.C ...