and adopted its current name, Southwest Airlines Co., in 1971, when it began operating as an intrastate airline wholly within the state of Texas, first flying between Dallas, Houston, and San Antonio. The airline was established on March 9, 1967, by Herb Kelleher and Rollin King as Air Southwest Co.
As of 2018, Southwest carried more domestic passengers than any other United States airline. It is headquartered in Dallas, Texas, and has scheduled service to 121 destinations in the United States and 10 additional countries.
Technical analysis suggests it is good to sell as 100-day Moving Average and 100-200-day MACD Oscillator signals a strong selling opportunity.Southwest Airlines Co., typically referred to as Southwest, is an airline based in the United States and the world's largest low-cost carrier. Bernstein cut the target price to $60 from $65. BofA Global Research slashed the price objective to $55 from $61. Barclays lowered the target price to $59 from $65. Berenberg cut the target price to $62 from $70. Several other analysts have also updated their stock outlook. “All of these not only make Southwest Airlines (LUV) a strong defensive airline but it also has the ability to play offence with the MAX rollout, corporate/GDS integration and growth opportunities.” As a largely US domestic medium-haul airline, we believe its network is in a sweet spot for a COVID rebound and it has one of the attractive loyalty programs with a loyal customer base,” noted Ravi Shanker, equity analyst at Morgan Stanley. “Why Overweight? Southwest Airlines (LUV) is arguably the highest quality airline in the US with a good balance sheet and high margins. The investment bank gave an “Overweight” rating on the airline’s stock. Morgan Stanley gave the base target price of $65 with a high of $100 under a bull scenario and $35 under the worst-case scenario. Of those 14 analysts, eight rated “Buy”, five rated “Hold” while one rated “Sell”, according to Tipranks. The average price target represents a 24.78% change from the last price of $43.71. Story continues Southwest Airlines Stock Price Forecastįourteen analysts who offered stock ratings for Southwest Airlines in the last three months forecast the average price in 12 months of $54.54 with a high forecast of $65.00 and a low forecast of $36.00. However, the company expects to be profitable for the remaining three quarters of 2022 as well as for the entire year, Reuters reported. The Omicron coronavirus variant is depressing revenue once again and driving up costs for South Airlines in the current quarter through March. That too topped the market expectations of $5.01 billion.įourth-quarter 2021 operating revenues per available seat mile were 13.77 cents, a decrease of 3.8%, driven primarily by a passenger revenue yield decrease of 4.1% and a load factor decrease of 2.1 points, compared with the same period in 2019. The airline said its revenue jumped over 150% to $5.05 billion from a year ago but decreased nearly 12% compared with the same period in 2019 due to the impact of the pandemic. The Texas-based carrier reported quarterly adjusted earnings of $0.14 per share, beating the Wall Street consensus estimates of $0.7 per share. South Airlines shares fell over 1% on Thursday after the world’s largest low-cost carrier lowered its full-year 2022 outlook on the impact of Omicron despite a rebound in holiday travel helped the company post its first quarterly profit in two years.
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