Southwest Airlines (LUV) Updates Guidance
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June 27, 2024 6:24 AM EDT
Barclays analyst Brandon Olgenski reiterated an Equalweight rating and $26.00 price target on Southwest (NYSE: LUV).
The analyst comments "Yesterday Southwest provided an investor update for 2Q24 revenue, pointing to an outcome roughly 175bps below prior guidance. Management revised the 2Q24 unit revenue outlook to down 44.5%, from a prior range of down 1.5-3.5%. The company cited challenges in adapting its revenue management to current booking patterns in... More
June 26, 2024 7:59 AM EDT
Shares in Southwest Airlines (NYSE: LUV) fell in premarket trading Wednesday after the carrier lowered its Q2 forecast for revenue per available seat mile (RASM), a key measure of pricing power, amid uneven travel demand.
The Dallas-based airline now expects current... More
June 26, 2024 7:50 AM EDT
Citi analyst Stephen Trent reiterated a Neutral rating and $29.00 price target on Southwest (NYSE: LUV).
The analyst comments "Southwests update for the June quarter looks weak. With no expected changes in capacity, unit revenue looks worse, which indicates weaker price point and/or... More
