Citi Reiterates Neutral Rating on Southwest (LUV)
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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 7:14 AM EDT
(Updated - June 26, 2024 11:54 AM EDT)
Investing.com -- U.S. stock futures were mixed Wednesday, with tech continuing to rebound after breaking a three-day losing streak the previous session, while other sectors including financials edged lower.
Here are some of the biggest U.S. stock movers today:
Nvidia (NASDAQ: NVDA) stock fell 1.8% after the previous sessions hefty gains which propelled its market cap to $3.1 trillion.
Rivian (NASDAQ: RIVN) stock soared 30% after German auto giant... More
June 26, 2024 7:04 AM EDT
Southwest Airlines (NYSE: LUV) 30-day option implied volatility is at 40; compared to its 52-week range of 25 to 46 into cutting Q2 RASM outlook. Call put ratio 1 call to 3.1 puts with focus on June 28 weekly 28 puts.
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June 26, 2024 6:49 AM EDT
Southwest Airlines (NYSE: LUV)
Southwest Airlines Co. (the "Company") is providing updated guidance regarding selected financial trends. The following table presents updated selected financial guidance for second quarter 2024. These projections are based on current booking trends and the Company's...
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June 26, 2024 6:46 AM EDT
By Shivansh Tiwary
(Reuters) -Southwest Airlines flagged ongoing struggles with pricing in its second quarter on Wednesday, despite expectations for record summer travel demand in the United States.
The low-cost carrier lowered its expectations for revenue per available seat miles (RASM) - a key proxy for pricing power - even though it expects record revenue due to high demand. But the pricing issues have become a sore spot for investors.
Southwest has had difficulty accurately predicting demand trends, which has meant it was unable to sell the number of seats it... More
