Southwest Airlines Co. (LUV)
After hours:
| Previous Close | 27.84 |
| Open | 27.89 |
| Bid | 28.22 x 3000 |
| Ask | 28.07 x 2200 |
| Day's Range | 27.46 - 28.14 |
| 52 Week Range | 21.91 - 39.53 |
| Volume | |
| Avg. Volume | 8,462,722 |
| Market Cap | 16.781B |
| Beta (5Y Monthly) | 1.14 |
| PE Ratio (TTM) | 36.91 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.72 (2.59%) |
| Ex-Dividend Date | Mar 05, 2024 |
| 1y Target Est | N/A |
- Reuters
Biden administration partners with states to protect airline customers
U.S. Transportation Secretary Pete Buttigieg on Tuesday announced a partnership with state attorneys general to fast-track investigations into complaints against airlines and ticket agents as part of the Biden administration's efforts to enhance consumer protections. Currently, the authority to enforce passenger protections lies solely with the federal government. Under the partnership, Buttigieg said the states will investigate complaints against airlines and refer them to the U.S. Department of Transportation for priority review and enforcement action.
- Reuters
Southwest'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
