Southwest Airlines Company Stock News

Southwest Airlines Company with ticker code (LUV) now have 19 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 67 and 28 and has a mean target at 54.14. Now with the previous closing price of 46.07 this would imply there is a potential upside of 17.5%. The day 50 moving average is 43.49 and the 200 day MA is 50.54. The market cap for the company is $27,852m. Company Website: https://www.southwest.com [stock_market_widget type="chart" symbol="LUV" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] The potential market cap would be $32,731m based on the market concensus. Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

DALLAS , Feb. 8, 2022 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV ) and the Transport Workers Union Local 550 (TWU 550) have reached a Tentative Agreement for the more than 400 Southwest Airlines Dispatch Employees. "This agreement rewards our skilled Dispatchers, while providing Southwest additional efficiencies," said Vice President Labor Relations Adam Carlisle . "I''d like to thank both negotiating teams for their diligent work, which led to this agreement." "It has been a long three years of negotiating with COVID-19 bringing a whole new set of challenges to the essential workers of TWU 550 and Southwest Airlines," said TWU 550 President Larry Merchant . "I would like to thank the TWU 550 and Southwest Airlines negotiating teams for all of their hard work and Full story available on Benzinga.com

The merger’s impact on airline customers will ultimately depend on how much consolidation occurs.

The stock market followed up on its best weekly performance of 2022 with an up-and-down Monday session. A slow day on the data front allowed investors to further process last week''s better-than-expected January jobs report; that benefited cyclical sectors including energy stocks (+1.3%), which led the way despite a 1.1% decline in U.S. crude oil futures, to $91.27 per barrel. However, communication stocks including Meta Platforms ( FB , -5.1%) and Google parent Alphabet ( GOOGL , -2.9%) weighed on the major indexes. SEE MORE The 22 Best Stocks to Buy for 2022 The Dow Jones Industrial Average finished marginally higher to 35,091, while the S&P 500 (-0.4% to 4,483) and Nasdaq Composite (-0.6% to 14,015) slipped, but by modest amounts. There''ll be plenty more to watch later this week, however. Walt Disney ( DIS ) and Coca-Cola ( KO ) are among the noteworthy companies reporting earnings this week , and Thursday''s consumer price index report will provide another important update on America''s inflation situation.

A solid day on Wall Street celebrated more consolidation.

Highlights Frontier Group (NASDAQ: ULCC) announced to acquire Spirit Airlines for US$6.6 billion. The combined entity is expected to become the fifth-largest airline company in the US. Spirit Airlines'' operating revenue rose 98% YoY in Q4, FY21. The Colorado-based airline holding company, Frontier Group Holdings, Inc (NASDAQ: ULCC), is acquiring its rival Spirit Airlines Inc. (NYSE: SAVE) for US$6.6 billion in a cash-and-stock deal. The purchase is expected to help Frontier compete with larger rivals and expand flying routes. The combined entity would become the fifth-largest airline company in the US. The companies'' board of directors approved the deal over the weekend ahead of the two CEOs meeting in New York that formally announced the agreement. Also Read: Bitcoin (BTC) price zooms over 9%, biggest jump since October The companies benefitted from the vaccination drive and ease of restrictions. Spirit Airlines posted strong quarterly results on Monday. Deal Details The deal is valued at US$6.6 billion, including net debt and operating lease liabilities.

NEW YORK, Feb. 7 (Xinhua) -- U.S. low-cost carriers Spirit Airlines and Frontier Group Holdings, the parent company of Frontier Airlines, announced Monday their decision to combine. Valued at 6.6 billion U.S. dollars, the transaction would create the 5th largest airline in the United States following American Airlines, Delta Airlines, Southwest Airlines and United Airlines. Management of the two airlines

Southwest Airlines Co. disclosed Monday that it had 55,100 active fulltime equivalent employees as of Dec. 31, 2021, which is down 2.5% from the same time a year ago. The air carrier said in its 10-K annual report filing with the Securities and Exchange Commission that its current workforce consisted of 23,500 flight employees, down 4.1% from 24,500 a year ago; 21,000 ground, customer and fleet service employees, up 7.7% from last year; 3,200 maintenance employees, up 6.7% from a year ago; and 7,400 management, technology, finance, marketing and clerical employees, down 22% from last year. The company said 82% of its employees were represented by labor unions, down from 83% at the end of 2020. "The company continues to focus on its hiring needs to meet schedule demands," Southwest stated in the 10-K. "There is an ongoing battle for talent, leading to less candidate supply and a decline in qualified candidates." The stock, which rose 1.0% in morning trading, has dropped 15.6% over the past three months, while the U.S.

Wall Street legend and Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett took some investors by surprise in April 2020 when he sold Berkshire’s entire stakes in Delta Air Lines

Wall Street legend and Berkshire Hathaway Inc. (NYSE: BRK-A ) (NYSE: BRK-B ) CEO Warren Buffett took some investors by surprise in April 2020 when he sold Berkshires entire stakes in Delta Air Lines, Inc. (NYSE: DAL ), American Airlines Group Inc (NASDAQ: AAL ), United Airlines Holdings Inc (NASDAQ: UAL ) and Southwest Airlines Co (NYSE: LUV ) near their lowest points of the COVID-19 market sell-off. Buffett famously said investors should be fearful when others are greedy and greedy only when others are fearful. Nearly two years after Buffett dumped his airline stocks, investors that were greedy when Buffett himself was fearful have been rewarded by the market. Related Link: Wondering How To Trade In A Bear Market? Here Are 4 Easy Tips Buffett Reverses Course: At Berkshires annual shareholder meeting in May 2020, Buffett said he had been wrong to invest roughly $4 billion in airline stocks to begin Full story available on Benzinga.com

''Unsafe & Irresponsible'' - Flight Attendants Union "Outraged" That Southwest Will Resume Alcohol Sales While face masks could become a permanent requirement for air travel, the ban on alcohol sales appears to be lifting after nearly two years. On Thursday, Southwest Airlines released a statement indicating the return "to offering an expanded selection of beverages on Feb. 16." "Customers have expressed a desire for more beverage options, so we''re delighted to restore additional on-board offerings as a part of the Southwest Hospitality that our Customers know and love," said Tony Roach, Vice President Customer Experience and Customer Relations. The statement described flights of more than 176 miles or more will restore "alcohol beverages for on-board purchase." This includes Miller Lite ($6), Blue Moon ($7), Lagunitas IPA ($7), sparkling wine ($6), chardonnay ($6), cabernet sauvignon ($6), vodka ($7), lime vodka ($7), Jack Daniels ($7), Wild Turkey ($7), Bacardi Rum ($7), and Tequila ($7).