|Bid||38.41 x 1000|
|Ask||38.49 x 1000|
|Day's range||37.57 - 42.35|
|52-week range||22.47 - 58.83|
|Beta (5Y monthly)||1.24|
|PE ratio (TTM)||11.10|
|Earnings date||23 Jul 2020|
|Forward dividend & yield||0.72 (1.88%)|
|Ex-dividend date||03 Mar 2020|
|1y target est||38.94|
Southwest Airlines (LUV) closed the most recent trading day at $38.18, moving -0.24% from the previous trading session.
Southwest Airlines (LUV) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.
Shares of top airline stocks soared on Thursday after American Airlines (AAL) said it is planning on increasing flights for July amid a rise in demand and coronavirus lockdowns being lifted.
Southwest Airlines (LUV) faces dwindling air-travel demand due to the COVID-19 pandemic. However, lower fuel cost aids.
Southwest Airlines plans to return to growth in several cities later this year -- but it will shrink significantly in Fort Lauderdale: a key focus city for JetBlue Airways and Spirit Airlines.
Southwest Airlines is trying to avoid the first-ever layoffs in its 49-year history by extending buyout packages and temporary paid leaves to employees. CEO Gary Kelly said a reduction in labor costs were necessary for the airline to survive, according to documents detailing the voluntary leave incentives seen by Reuters. The airline expects travel to rebound slowly - with the number of flights this fall to be 30 percent below normal. Southwest is not alone. Airlines around the world are slimming down their flight schedules and cutting back on staff. But U.S. air carriers have their hands tied when it comes to job cuts after agreeing to not layoff any workers until October 1st -in exchange for government aid. In order to avoid actual layoffs, Southwest is offering employees who agreed to at least a six-month leave, half their salary plus benefits and those who take the buyout can get up to a full year's pay...and even more for pilots. The cost-saving measures were well received by investors, sending the stock higher in Tuesday trading.
Amid coronavirus concerns, Southwest (LUV) is aiming to voluntarily reduce workforce to match its low capacity.
"While overstaffing isn't tied 100% to capacity levels, it would be fair to assume that we are overstaffed in many areas by a similar percentage," Southwest said in the documents. The maximum leave period varies, and the airline said it "may return employees to work earlier if needed for operational needs."
Southwest Airlines (LUV) aims to add several nonstop flights across various cities in the United States on Dec 17, 2020.
Golar LNG's (GLNG) Q1 revenues rise year over year, driven by an excellent performance in FLNG and solid seasonal results in shipping.
According to data from Statista, more than 1.5 million passengers have passed through U.S. airport security checkpoints during the Memorial Day weekend, which is the highest reported number since hitting a record low in late-March.
Shares of Hawaiian Holdings (NASDAQ: HA) closed down 9% on Thursday, a down day for most of the airline sector. Shares were likely under additional pressure due to geopolitical issues that could weigh on Hawaiian Airlines' recovery. Airlines are facing significant declines in travel demand due to the COVID-19 pandemic, and Hawaiian has not been immune.
Boeing (NYSE: BA) said late Wednesday that it has restarted 737 Max production, meeting its self-imposed May 31 deadline to resume building its troubled airplane. The 737 Max has been grounded since March 2019 after a pair of fatal crashes, and Boeing halted production in January after stockpiling a large number of finished, but undeliverable, aircraft. Boeing has missed several internal deadlines to return the plane to the air, but even with delays caused by the COVID-19 pandemic, company officials are confident the plane will be recertified to fly in the second half of 2020.
Airline stocks are rocketing higher on Tuesday morning, joining in a broader market rally as investors celebrate signs economic activity is returning to normal and promising developments in the race for the COVID-19 vaccine. Shares of Spirit Airlines (NYSE: SAVE) led the way, up more than 14% as of 10 a.m. EDT, with shares of Southwest Airlines (NYSE: LUV), United Airlines Holdings (NASDAQ: UAL), Delta Air Lines (NYSE: DAL), American Airlines Group (NASDAQ: AAL), Alaska Air Group (NYSE: ALK), JetBlue Airways (NASDAQ: JBLU), and Hawaiian Holdings (NASDAQ: HA) all up double digits.
Several airline stocks posted spectacular gains last week, but despite some positive data points, investors shouldn't expect a quick recovery in air travel demand.
A history of bankruptcies in the airline industry has usually kept quality-focused investors away. It's no surprise that the capital-intensive, cyclical nature of the business lends itself to wild swings in stock prices during unexpected economic shocks. According to the TSA, air travel demand was down 92% in the first 18 days of May compared to the same time period last year.