BofA Securities resumed coverage on Southwest Air with a new price target
$LUV
Air Freight/Delivery Services
Consumer Discretionary
BofA Securities resumed coverage of Southwest Air with a rating of Neutral and set a new price target of $33.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/4/2024 | $33.00 | Neutral | BofA Securities |
| 10/9/2024 | $24.00 → $32.00 | Underperform → Hold | Jefferies |
| 9/30/2024 | $19.00 → $25.00 | Hold | TD Cowen |
| 9/3/2024 | $30.00 → $35.00 | In-line → Outperform | Evercore ISI |
| 7/17/2024 | $26.00 → $19.00 | Hold | TD Cowen |
| 6/10/2024 | $26.00 | Sell | Melius |
| 5/28/2024 | Buy → Hold | Argus | |
| 4/29/2024 | $28.00 → $20.00 | Hold → Underperform | Jefferies |
BofA Securities resumed coverage of Southwest Air with a rating of Neutral and set a new price target of $33.00
Jefferies upgraded Southwest Air from Underperform to Hold and set a new price target of $32.00 from $24.00 previously
TD Cowen reiterated coverage of Southwest Air with a rating of Hold and set a new price target of $25.00 from $19.00 previously
4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)
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4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)
DALLAS, Nov. 4, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) ("Southwest" or the "Company") today announced the appointment of Rakesh Gangwal as independent Chair of the Board of Directors and named new Board Committee Chairs, effective immediately: Lisa Atherton will serve as Chair of the Compensation CommitteeDouglas Brooks will serve as Chair of the Audit CommitteeDavid Hess will continue to serve as Chair of the Safety and Operations CommitteeChris Reynolds will serve as Chair of the Nominating and Corporate Governance CommitteeGregg Saretsky will serve as Chair of the Finance CommitteeGangwal said, "We are embarking on the next era of change at Southwest as we build upon its
Reiterates Efforts to Reach Constructive Resolution with Elliott Outlines Actionable Steps Taken to Position Southwest for the FutureShareholders Not Required to Take Immediate ActionDALLAS, Oct. 14, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) ("Southwest" or the "Company") today confirmed that Elliott Investment Management L.P. ("Elliott") requested a Special Meeting of Shareholders to consider Elliott's proposals, including to remove without cause eight members of Southwest's Board of Directors (the "Board") and elect eight Director candidates chosen by Elliott, which appears designed to result in full control of the Board by Elliott's nominees. Southwest's Board issued the foll
DALLAS, Sept. 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") has appointed Robert "Bob" Fornaro as a member of the Board, effective immediately. Fornaro is an accomplished airline executive with four decades of experience in the industry. He previously served on the Board of Directors of Spirit Airlines beginning in May 2014 until September 2019 and as President and Chief Executive Officer from January 2016 until December 2018, during which time he led the low-cost carrier through a period of substantial growth and transformation. Previously, he was President and Chief Executive Officer of AirTran Holdings Inc. from November 2007 until May 2011. Fornaro served as
DALLAS, Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its third quarter 2024 financial results: Net income of $67 million, or $0.11 per diluted shareNet income, excluding special items1, of $89 million, or $0.15 per diluted shareRecord third quarter operating revenues of $6.9 billionLiquidity2 of $10.4 billion, well in excess of debt outstanding of $8.0 billionAnnounced a $250 million accelerated share repurchase program under the Company's $2.5 billion share repurchase authorizationBob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "It's an exciting time for us as we execute on our 'Southwest.
Reimagines core product to meet evolving Customer preferences and increase revenue opportunitiesLaunches new commercial initiatives to enhance Customer Experience and drive value while preserving flexible policies like bags fly free1Expects to deliver in 2027: approximately $4 billion2 in cumulative incremental earnings before interest and taxes (EBIT) contribution and after-tax return on invested capital (ROIC) of 15 percent or greater, well above weighted average cost of capital (WACC)Board approves $2.5 billion share repurchase programDALLAS, Sept. 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) ("Southwest®" or the "Company") today will host an Investor Day briefing in Dallas
DALLAS, July 31, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) Board of Directors declared a quarterly cash dividend of $.18 per share to Shareholders of record at the close of business on September 4, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on September 25, 2024. SW-DSR View original content:https://www.prnewswire.com/news-releases/southwest-airlines-declares-182nd-quarterly-dividend-302211112.html SOURCE Southwest Airlines Co.
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DALLAS, Nov. 4, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) ("Southwest" or the "Company") today announced the appointment of Rakesh Gangwal as independent Chair of the Board of Directors and named new Board Committee Chairs, effective immediately: Lisa Atherton will serve as Chair of the Compensation CommitteeDouglas Brooks will serve as Chair of the Audit CommitteeDavid Hess will continue to serve as Chair of the Safety and Operations CommitteeChris Reynolds will serve as Chair of the Nominating and Corporate Governance CommitteeGregg Saretsky will serve as Chair of the Finance CommitteeGangwal said, "We are embarking on the next era of change at Southwest as we build upon its
Airline provides a critical lifeline to patients seeking medical care by donating 13,000 tickets for round trip air travel DALLAS, Nov. 1, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) is celebrating 17 years of partnering with nonprofit hospitals and medical transportation organizations to provide round trip air travel for patients and caregivers who are unable to access care in moments when they need it most. The Southwest Airlines® Medical Transportation Grant Program aims to ease the financial burden on patients and their families by helping to make healthcare needs accessible and connecting patients to the life-saving care they need with free transportation to medical facilitie
Southwest again expands its redeye offerings High-demand seasonal routes for summer travel aboundDALLAS, Oct. 30, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) today extended its schedule through Aug. 4, 2025, offering Customers a head start to book next summer's vacation. The schedule includes additional redeye flights, popular seasonal routes, and more nonstop flights connecting Customers to high-demand destinations throughout the Southwest® network. Ramping up Redeyes With today's schedule extension, Southwest Airlines® welcomes 13 additional redeye flights. The airline's summer 2025 schedule now includes 33 overnight flights with service from Hawaii and the West Coast traveling
4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)
4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)
4 - SOUTHWEST AIRLINES CO (0000092380) (Issuer)
Southwest Airlines Co (NYSE:LUV) shares are trading lower after the airlines reported second-quarter 2024 results. LUV reported operating revenue increase of 4.5% year-over-year to $7.354 billion, beating the consensus of $7.32 billion. Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, “Our second quarter performance was impacted by both external and internal factors and fell short of what we believe we are capable of delivering.” Adjusted EPS was $0.58, down from $1.19 last year, above the consensus $0.51. The airline’s adjusted operating income fell 54.5% to $405 million, operating expenses increased by 13% YoY to $6.95 billion.
Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the likes of Franco-Italian chipmaker STMicroelectronics N.V. (NYSE:STM), which predominantly supplies to the automotive end market, and semiconductor test-equipment company Teradyne, Inc. (NASDAQ:TER). Traders may also stay glued to second-quarter GDP data to confirm the slowdown suggested by some recent data does not point to a hard landing. That said, bond yields are dipping as the market, factori
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