![]() ![]() In another report released on October 27, TD Cowen also downgraded the stock to a Hold with a $20.00 price target. According to TipRanks, Trent has an average return of 9.3% and a 46.43% success rate on recommended stocks. Of these 10, Singapore Airlines, the world's largest airline by market cap, was first to resume its dividend, but I find it way too expensive at 20x estimated 2025 EBIT. Trent covers the Industrials sector, focusing on stocks such as American Airlines, Delta Air Lines, and Southwest Airlines. These combined factors have influenced Trent to maintain a neutral rating on Southwest Airlines’ shares. However, he also points out that the demand trends for Southwest, although better than its ultra-low-cost counterparts, are not as strong as those for Delta or United. The airline earned 6.53 billion during the quarter, compared to analysts expectations of 6.56 billion. The airline reported 0.38 earnings per share for the quarter, hitting analysts consensus estimates of 0.38. The analyst highlights some of the carrier’s strengths, such as its solid balance sheet and simplified fleet strategy. (NYSE:LUV) issued its quarterly earnings results on Thursday, October, 26th. As a result, he reduced the target price for the airline’s shares from $28.50 to $25.00. He also incorporates the 3rd quarter 2023 results into his model. Some Boeing 737-7 orders converted on certification delays. Carrier sees improving business travel each month this quarter. Trent also expresses uncertainty regarding management’s plans for cost improvement, suggesting that their effectiveness remains to be seen.Īdditionally, Trent adjusted his forecast for Southwest Airlines, lowering the predicted revenue per available seat mile for 2023, the growth of available seat miles for 2024, and predicting higher fuel prices for 2023. Southwest Air Says Pop in Business Travel to Help Fuel 2022 Profit. ![]() Competing airlines are showing stronger demand, and Southwest’s labor costs and reduced capacity could increase unit costs in 2024. Record first quarter operating revenues of 5.7 billion. Net loss, excluding special items 1, of 163 million, or 0.27 loss per diluted share. The Negative Outlook is primarily driven by spiking jet fuel prices related to the conflict in Ukraine. (NYSE: LUV) (the 'Company') today reported its first quarter 2023 financial results: Net loss of 159 million, or 0.27 loss per diluted share. Fitch Ratings - Chicago - : Fitch Ratings has affirmed Southwest Airlines Co.s Long-Term Issuer Default Rating (IDR) at BBB+ and maintained the Rating Outlook at Negative. Despite the company’s strong balance sheet and simplified fleet, there are concerns about its earnings potential. DALLAS, Ap/PRNewswire/ - Southwest Airlines Co. Stephen Trent has given his Hold rating due to a combination of factors that indicate a challenging outlook for Southwest Airlines. But this has been going on for a while now with no apparent resolution.Citi analyst Stephen Trent has maintained their neutral stance on LUV stock, giving a Hold rating on October 27. Given SW claims to cater to the cost conscious business traveler, this would seem like an urgent issue for them to address. But have received no response regarding a solution I don't know about or timeframe for resolution. I have called SW offices now twice in the past few months to complain about this change. However, for anyone who I have given access to my outlook calendar, (my wife, work colleagues, etc.) they cannot see these fight reservations. So, I have to subscribe to my gmail calendar and merge the two calendars in outlook to at least see the flight info. Fitch has also revised Southwest's Rating Outlook to Stable from Negative. I used to be able to add this directly to my Outlook (office 365 online) calendar on my mac now there is only one add function and it appears to only add to my gmail or icalendar, which are not my primary work calendar. Fitch Ratings - Chicago - : Fitch Rating has affirmed Southwest Airlines Co.'s (Southwest) Issuer Default Rating (IDR) and senior unsecured debt at 'BBB+'. If you've selected Bills, Outlook uses machine-learning algorithms to find upcoming bills. You can have other events, such as bills and dining reservations, automatically added to your calendar by changing your event settings. About 3-4 months ago, consistent a recent website redesign, SW no longer offers the option to specify the calendar type that you want your reservation added to. Flight, car, and hotel reservations are automatically added to your calendar. ![]()
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