Goldman said Southwest's valuation does not reflect 2015 outsized growth opportunities. The firm expects continued performance out of Dallas Love Field following the repeal of the Wright Amendment and for cost strategies to drive record margins. Shares are Buy rated with a $64 price target.
Says saw nice acceleration in managed business revenues in Q1. Says continued streak of "solid" operations performance in Q1. Says eliminating service in Syracuse, Cozumel, Bellingham, and Houston. Says reducing flights in Atlanta and Chicago. Comments taken from Q1 earnings conference call.
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