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Fly News Breaks for December 9, 2015
LUV
Dec 9, 2015 | 07:46 EDT
After Southwest cut its Q4 RASM guidance, Stifel blames the reduction on "overly aggressive" initial guidance form the company. The firm says the company's initial guidance for a 1% RASM increase was much stronger than expected and says it suspects the the company expected prices to rise in November and December, an increase which never materialized. However, the firm says the company's revised guidance indicates that pricing is not deteriorating. Stifel expects "choppy" airline pricing to continue until available seat mile growth slows,but it says the group should benefit from low fuel prices, significant capital deployment, and a more stable revenue environment versus earlier in 2015. It keeps a $55 price target and Buy rating on the shares.
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