Southwest Airlines

Southwest Airlines (NYSE:LUV) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 18.5% Raymond James $34 → $36 Maintains Outperform 01/08/2024 -21% Bernstein $29 → $24 Downgrades Market Perform → Underperform 01/02/2024 15.21% Evercore ISI Group → $35 Downgrades Outperform → In-Line 12/18/2023 -1.25% Citigroup $25 → $30 Maintains Neutral 11/27/2023 11.92% Raymond James $36 → $34 Maintains Outperform 11/13/2023 — Melius Research Downgrades Hold → Sell 11/10/2023 — Exane BNP Paribas Downgrades Neutral → Underperform 10/31/2023 -24.29% Susquehanna $25 → $23 Maintains Neutral 10/31/2023 54.71% Morgan Stanley $50 → $47 Maintains Overweight 10/27/2023 -34.17% TD Cowen $26 → $20 Downgrades Outperform → Market Perform 10/11/2023 -17.71% Susquehanna $30 → $25 Maintains Neutral 10/05/2023 18.5% Raymond James $40 → $36 Maintains Outperform 10/02/2023 — Morgan Stanley Maintains Overweight 09/29/2023 -34.17% Jefferies $25 → $20 Maintains Underperform 09/26/2023 -4.54% Bernstein $32 → $29 […]

Southwest Airlines is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Southwest had a loss of $219 million, or 37 cents a share, in the fourth quarter. Revenue rose almost 11% to $6.82 billion, above the $6.75 billion analysts expected, according to Factset. Adjusted earnings were 37 cents a share, well above analysts’ expectations for 12 cents a share. Southwest said it plans to increase flying capacity by about 10% in the first three months of 2024, and about 6% for the full year. It expects non-fuel costs to rise 6% to 7% in 2024. Southwest flight attendants on Tuesday voted to authorize a strike, their union said, after members rejected a tentative agreement last month.

The following is a summary of the Southwest Airlines Co. (LUV) Q4 2023 Earnings Call Transcript: Financial Performance: Southwest Airlines reported a record Q4 2023 with an operating revenue of just over $6.8 billion. The company benefited from about $1.5 billion in incremental year-over-year pre-tax profit from its network optimization efforts and strategic initiatives. Reported annual profits of $996 million, with Q4 net income of $233 million. Q4 unit cost excluding special items was down 16% year-over-year. The Q4 average fuel price was $3 per gallon, reduced guidance for Q1 and full year. The company returned $428 million to shareholders through dividend payments in 2023. Operating revenues of over $1 billion in Q4, an increase from Q4 2019. Full year 2023 operating revenue was a record $26 billion, showing a nearly 10% year-over-year growth. The airline reported a record number of passengers carried in the fourth quarter. Anticipates year-over-year double-digit

SOUTHWEST AIRLINES REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS PR Newswire DALLAS, Jan. 25, 2024 DALLAS, Jan. 25, 2024 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) (the “Company”) today reported its fourth quarter and full year 2023 financial results: — Fourth quarter net loss of $219 million, or $0.37 loss per diluted share — Fourth quarter net income, excluding special items1, of $233 million, or $0.37 per diluted share — Full year net income of $498 million, or $0.81 per diluted share — Full year net income, excluding special items1, of $986 million, or $1.57 per diluted share — Record fourth quarter and full year operating revenues of $6.8 billion and $26.1 billion, respectively — Liquidity2 of $12.5 billion, well in excess of debt outstanding of $8.0 billion Bob Jordan, President and Chief Executive Officer, stated, “2023 was a year of significant progress. We finished the year a much

Southwest Airlines ‘s Boeing 737 fleet plan is one of the most fluid and reliable guides to MAX output, so notable the 79 it expects this year is only six shy of the contracted level, and its flying in 2024 excludes the uncertified MAX 7. Southwest and United are the two biggest expected recipients of the MAX this year. Boeing has told analysts that the FAA has cleared its monthly production plan of 38, and together with ones in inventory, that should be enough to move it close to the 550 deliveries this year forecast by analysts.

Southwest Airlines (NYSE:LUV) is set to give its latest quarterly earnings report on Thursday, 2024-01-25. Here’s what investors need to know before the announcement. Analysts estimate that Southwest Airlines will report an earnings per share (EPS) of $0.12. Southwest Airlines bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Shares of Southwest Airlines Co (NYSE:LUV) gained last month after the company reached a tentative agreement with its pilots association. The Dallas-based company is likely to report its full year 2023 earnings at around half of the Street’s expected $3+ per share, while 2024 could prove to be a “transitional year,” according to Bernstein. The Southwest Airlines Analyst: Bernstein’s David Vernon downgraded the rating for Southwest Airlines from Market Perform to Underperform, while raising the price target from $77 to $90. The Southwest Airlines Thesis: The 2024 outlook could be worse than anticipated as the company is facing several headwinds, Vernon said in the downgrade note. The analyst mentioned the challenges as: New pilot contract Secular cost headwinds Fleet constraints “that are adding to network costs” Shifts in demand “that are stressing the companies traditional point to point network model” “These are proving to be difficult to offset with the current lack

Southwest Airlines (NYSE:LUV) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/08/2024 -15.37% Bernstein $29 → $24 Downgrades Market Perform → Underperform 01/02/2024 23.41% Evercore ISI Group → $35 Downgrades Outperform → In-Line 12/18/2023 5.78% Citigroup $25 → $30 Maintains Neutral 11/27/2023 19.89% Raymond James $36 → $34 Maintains Outperform 11/13/2023 — Melius Research Downgrades Hold → Sell 11/10/2023 — Exane BNP Paribas Downgrades Neutral → Underperform 10/31/2023 -18.9% Susquehanna $25 → $23 Maintains Neutral 10/31/2023 65.73% Morgan Stanley $50 → $47 Maintains Overweight 10/27/2023 -29.48% TD Cowen $26 → $20 Downgrades Outperform → Market Perform 10/11/2023 -11.85% Susquehanna $30 → $25 Maintains Neutral 10/05/2023 26.94% Raymond James $40 → $36 Maintains Outperform 10/02/2023 — Morgan Stanley Maintains Overweight 09/29/2023 -29.48% Jefferies $25 → $20 Maintains Underperform 09/26/2023 2.26% Bernstein $32 → $29 Maintains Market Perform 09/12/2023 15.48% Citigroup $36 → $32.75

Bernstein analyst David Vernon downgrades Southwest Airlines (NYSE:LUV) from Market Perform to Underperform and lowers the price target from $29 to $24.

Southwest Airlines (NYSE:LUV) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/02/2024 23.15% Evercore ISI Group → $35 Downgrades Outperform → In-Line 12/18/2023 5.56% Citigroup $25 → $30 Maintains Neutral 11/27/2023 19.63% Raymond James $36 → $34 Maintains Outperform 11/13/2023 — Melius Research Downgrades Hold → Sell 11/10/2023 — Exane BNP Paribas Downgrades Neutral → Underperform 10/31/2023 -19.07% Susquehanna $25 → $23 Maintains Neutral 10/31/2023 65.38% Morgan Stanley $50 → $47 Maintains Overweight 10/27/2023 -29.63% TD Cowen $26 → $20 Downgrades Outperform → Market Perform 10/11/2023 -12.03% Susquehanna $30 → $25 Maintains Neutral 10/05/2023 26.67% Raymond James $40 → $36 Maintains Outperform 10/02/2023 — Morgan Stanley Maintains Overweight 09/29/2023 -29.63% Jefferies $25 → $20 Maintains Underperform 09/26/2023 2.04% Bernstein $32 → $29 Maintains Market Perform 09/12/2023 15.24% Citigroup $36 → $32.75 Maintains Neutral 09/06/2023 19.63% Exane BNP Paribas → $34 Downgrades Outperform

Evercore ISI Group analyst Duane Pfennigwerth downgrades Southwest Airlines (NYSE:LUV) from Outperform to In-Line and announces $35 price target.

Southwest Airlines (NYSE:LUV) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 5.43% Citigroup $25 → $30 Maintains Neutral 11/27/2023 19.49% Raymond James $36 → $34 Maintains Outperform 11/13/2023 — Melius Research Downgrades Hold → Sell 11/10/2023 — Exane BNP Paribas Downgrades Neutral → Underperform 10/31/2023 -19.17% Susquehanna $25 → $23 Maintains Neutral 10/31/2023 65.17% Morgan Stanley $50 → $47 Maintains Overweight 10/27/2023 -29.71% TD Cowen $26 → $20 Downgrades Outperform → Market Perform 10/11/2023 -12.14% Susquehanna $30 → $25 Maintains Neutral 10/05/2023 26.52% Raymond James $40 → $36 Maintains Outperform 10/02/2023 — Morgan Stanley Maintains Overweight 09/29/2023 -29.71% Jefferies $25 → $20 Maintains Underperform 09/26/2023 1.92% Bernstein $32 → $29 Maintains Market Perform 09/12/2023 15.09% Citigroup $36 → $32.75 Maintains Neutral 09/06/2023 19.49% Exane BNP Paribas → $34 Downgrades Outperform → Neutral 08/28/2023 33.54% Evercore ISI Group $42 → $38 Maintains