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Business, Stocks

“Extra legroom, assigned seats, overnight flights: Inside Southwest Airlines’ plan for its future”

“…Southwest said its three-year plan will add $4 billion to earnings before interest and taxes in 2027. The airline also raised its third-quarter revenue forecast and said its board authorized $2.5 billion in share buybacks. Southwest said it expects unit revenue to… Continue Reading…

Stocks

“Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue”

“…Here is how Southwest performed in the second quarter compared with Wall Street expectations, according to consensus estimates from LSEG: The Dallas-based airline said its second-quarter revenue rose 4.5% from last year to $7.35 billion, a record, but its profit dropped more… Continue Reading…

Business

“Southwest Airlines quarterly profit slides 30% and says growth will slow next year”

“Southwest Airlines’ third-quarter profit fell 30% to $193 million despite record revenue as leisure travel boomed over the summer, and the airline is losing pricing power at the same time that labor costs are rising. Southwest said Thursday that it… Continue Reading…

Stocks

“3 Airline Stocks Ready for Takeoff”

“Southwest Airlines Co. (LUV)… …From a technical standpoint, the share price broke out above a nine-month downtrend line that may see it retest its pre-pandemic high at $58.83. The airline has a market cap of $27.35 billion… Delta Air Lines,… Continue Reading…