Southwest Airlines stock slips as airline cuts Q2 unit revenue outlook
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Barclays Reiterates Equalweight Rating on Southwest (LUV)
June 27, 2024 6:24 AM EDTBarclays 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
Southwest Airlines (LUV) Updates Guidance
June 26, 2024 6:49 AM EDTSouthwest 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... More