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Southwest Airlines Co. (LUV)
After hours:
| Previous close | 27.54 |
| Open | 27.86 |
| Bid | 0.00 x 3100 |
| Ask | 0.00 x 3100 |
| Day's range | 27.65 - 28.19 |
| 52-week range | 21.91 - 39.53 |
| Volume | |
| Avg. volume | 8,462,722 |
| Market cap | 16.655B |
| Beta (5Y monthly) | 1.14 |
| PE ratio (TTM) | 36.63 |
| EPS (TTM) | 0.76 |
| Earnings date | 25 Apr 2024 |
| Forward dividend & yield | 0.72 (2.59%) |
| Ex-dividend date | 05 Mar 2024 |
| 1y target est | 30.50 |
ReutersSouthwest's expected 2024 Boeing jet deliveries keep shrinking, sources say
CHICAGO/MONTREAL (Reuters) -Southwest Airlines expects aircraft deliveries from Boeing this year to come in at only about half of the airline's estimate in March of 46, putting further pressure on the U.S. budget carrier's growth plans, three people familiar with the matter said. Boeing's overall deliveries fell by half in March as 737 MAX production slumped on increased quality checks and regulatory audits as it grapples with a safety crisis sparked by a January mid-air cabin panel blowout on an Alaska Air flight. The jetmaker's woes have rippled throughout the industry, but Southwest, which operates an all-Boeing fleet, is one of the hardest-hit.
- Yahoo Finance Video
Consistent air travel demand is 'a new normal': Analyst
Delta Air Lines (DAL) managed to move ahead of industry turbulence, posting better-than-expected first quarter profits. Delta CEO Ed Bastian told Yahoo Finance that the company has seen the 11 highest sales days in the airline's history this year alone. Raymond James Managing Director Savanthi Syth joins Market Domination for an airline industry check-in. Syth says the Delta report shows strong results and that any negative stock action on Wednesday is the market's reaction to macro concerns related to geopolitics and the inflationary picture. The consistency of demand for air travel demand constitutes a "new normal" in Syth's view: the demand is driven by leisure and visiting friends and relatives (VFR) travel but also by slowly recovering corporate travel in the tech and finance sectors. Though Syth claims jet fuel prices have remained elevated, she considers them "manageable." She adds that jet fuel prices may strain capacity if demand can't bear the costs passed on to consumers. Still, the market demonstrates that consumers now value experiences more, so possible financial pullbacks may not impact travel, she adds. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Gabriel Roy
- Reuters
UPDATE 1-NTSB says Southwest engine cover loss caused by maintenance issue
The loss of an engine cover on a Southwest Airlines Boeing 737-800 on Sunday that fell off during takeoff in Denver and struck the wing flap was the result of a maintenance issue, the chair of the National Transportation Safety Board (NTSB) said on Wednesday. NTSB Chair Jennifer Homendy told reporters after a Senate hearing the airplane had been in for maintenance the night before the incident in which it lost the engine cowling. The NTSB had sent a structural engineer who lives in Denver to look at the plane but was satisfied with its understanding of the incident.
