Southwest, bag fees
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Dallas-based Southwest Airlines is on target to reach its financial goals after it reported higher-than-expected revenues from checked bags.
Wall Street investors punished Southwest for chopping its 2025 profit outlook by up to 65%, as the carrier’s executives implement changes driven by its activist investor.
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Stocktwits on MSNSouthwest Airlines Stock Slips Premarket After Q2 Profit Miss, Says Baggage Policy Change Not Affecting DemandSouthwest Airlines (LUV) stock edged 1.1% lower in early premarket trading on Thursday after the carrier’s quarterly earnings missed Wall Street’s expectations. On an adjusted basis, the airline reported earnings of $0.
Southwest Airlines reported lower-than-expected quarterly profit and revenue on Wednesday, hurt by tepid demand from U.S. consumers for travel.
Turning to guidance, Southwest says it will earn at least $600 million this year, not counting interest on its debt and taxes. With this prospect in mind, management thinks its stock a bargain, and announced a $2 billion stock buyback (which will see even more shares retired after today's sell-off).
Southwest Airlines on Wednesday posted second-quarter earnings and revenue that fell short of Wall Street’s estimates but said demand has stabilized.
Southwest Airlines' positives include top line growth initiatives like new routes, new fees, and ambitions in the European market. Find out why LUV is a Hold.
Shares of American Airlines and Southwest Airlines both dropped sharply Thursday, after the carriers reported slack second-quarter demand for travel and potential weakness in the economy impacting the second half of the year.