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LUV

Southwest

$49.66

-4.92 (-9.01%)

09:59
10/25/18
10/25
09:59
10/25/18
09:59

Southwest CEO says well positioned for y/y unit revenue growth in 2019

Gary C. Kelly, Chairman of the Board and CEO, stated, "With our new reservation system in place since last year, we have more capabilities and are well-positioned to drive revenue growth. We expect $80 million to $90 million of year-over-year improvement in fourth quarter 2018 pre-tax results from these enhanced capabilities, which is in line with our annual 2018 pre-tax goal of $200 million. On the cost side, our third quarter 2018 unit cost performance was in line with our expectations. Our fuel hedge portfolio mitigated a significant portion of market jet fuel price increases, and we are pleased with the fuel hedge in place for both fourth quarter 2018 and annual 2019. Based on current trends, we continue to expect modest year-over-year inflation in our annual 2018 unit costs, excluding fuel and oil expense and profitsharing expense. Based on our second half 2018 revenue trends, we are well-positioned for year-over-year unit revenue growth in 2019, with easier year-over-year comparisons in first half. We also will continue to experience year-over-year unit cost inflation in 2019, excluding fuel and oil expense and profitsharing expense, of at least three percent, as we continue investing in and deploying new operations, technology, and airport infrastructure to support future growth. With the 2017 retirement of our Boeing 737-300 Classic fleet, launch of the 737 MAX, and implementation of our new reservation system, we continue with our efforts to modernize our fleet, optimize our network, and pursue additional revenue opportunities. Given our healthy revenue outlook, and despite expected cost increases, our 2019 goal is to expand margins year-over-year. We are refocusing our efforts to control costs and drive efficiency, and, as ever, we remain steadfast in our efforts to produce industry-leading margins and superior returns in excess of our cost of capital. For next year, Hawaii is our expansion focus, and we continue to expect 2019 available seat miles to increase no more than five percent, year-over-year."

  • 25

    Oct

LUV Southwest
$49.66

-4.92 (-9.01%)

09/07/18
ARGS
09/07/18
UPGRADE
Target $73
ARGS
Buy
Southwest upgraded to Buy from Hold at Argus
Argus analyst John Staszak upgraded Southwest Airlines to Buy from Hold with a $73 price target, citing the recent improvements in domestic airline fares along with the positive outlook for stronger revenue per seat mile, or RASM, in the coming quarters. The analyst also notes Southwest's operational upgrades, with expected revenue contribution from the "sale of boarding slots, improvements in the frequent-flier program, a new reservation system, and a new credit card agreement with Chase." Staszak raises his FY19 EPS view to $5.15 from $5.10 and also expects the airline's Q3 RASM to come in at the top of the management's prior guidance of -1% to +1%.
09/07/18
BUCK
09/07/18
NO CHANGE
Target $71
BUCK
Buy
Supply/demand in airline sector 'steady,' fundamentals 'sound,' says Buckingham
Following a recent look at booking and capacity in the airline sector, Buckingham analyst Daniel McKenzie maintained his ratings on U.S. airline stocks, while lifting valuation outlooks for Delta (DAL), Hawaiian (HA), Southwest (LUV) and United (UAL). In a research note to investors, McKenzie says that the supply/demand dynamic remains steady and fundamentals remain sound, though likely trade on macro from here until the airlines update again. The analyst also says that strong underlying demand, moderating capacity into 2019 and continued execution on revenue initiatives should help drive better sentiment and multiple expansion in the stocks through the end of the year. The analyst raised his price target for Delta to $71 from $64, for United to $108 from $106, for Hawaiian to $39 from $35 and for Southwest to $73 from $69.
09/07/18
09/07/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cabot Oil & Gas (COG) upgraded to Outperform from In Line at Evercore ISI with analyst Stephen Richardson saying tailwinds including improvement of in-basin demand/supply fundamentals as well as shifts in timing of incremental takeaway capacity positions Cabot as a re-emerging high growth E&P. 2. AK Steel (AKS) upgraded to Buy from Underperform at BofA/Merrill with analyst Timna Tanners saying he is now modeling 2019 spot benchmark hot rolled coil at 750/short ton versus $700 previously and expects 85% of AK Steel's sheet business that is on fixed-price contracts will have a substantial increase in 2019. 3. Five Below (FIVE) upgraded to Buy at Gordon Haskett. 4. Southwest (LUV) upgraded to Buy from Hold at Argus with analyst John Staszak citing the recent improvements in domestic airline fares along with the positive outlook for stronger revenue per seat mile, or RASM, in the coming quarters. 5. Acuity Brands (AYI) upgraded to Outperform from Neutral at Baird with with analyst Timothy Wojs saying his lighting survey shows accelerating industry volumes and a stabilizing pricing environment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/27/18
IMPC
09/27/18
NO CHANGE
Target $66
IMPC
In-Line
Southwest price target raised to $66 from $60 at Imperial Capital
Imperial Capital analyst Michael Derchin raised his price target for Southwest Airlines to $66 and maintains an In-Line rating on the shares. Southwest is likely to benefit from lower industry capacity and potentially higher domestic fares to offset higher fuel prices, Derchin tells investors in a research note. He believes, however, that the stock is fairly valued.

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ESV

Ensco Rowan

$8.98

-0.87 (-8.83%)

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INTU

Intuit

$241.77

-5.75 (-2.32%)

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INTU

Intuit

$241.84

-5.68 (-2.29%)

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BCYC

Bicycle Therapeutics

$12.15

(0.00%)

12:44
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12:44
Syndicate
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  • 23

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BDX

Becton Dickinson

$232.04

-3.72 (-1.58%)

12:44
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12:44
Hot Stocks
Becton Dickinson VP Samrat Khichi sells almost $3.8M in company stock »

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SCHW

Charles Schwab

$42.50

-1.06 (-2.43%)

12:40
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Options
Schwab puts active as shares shed 2.6% »

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TTOO

T2 Biosystems

$1.91

-0.65 (-25.39%)

12:39
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  • 07

    Jun

HPQ

HP Inc.

$19.01

-0.28 (-1.45%)

, CSCO

Cisco

$54.13

-1.56 (-2.80%)

12:37
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Earnings
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HPQ

HP Inc.

$19.01

-0.28 (-1.45%)

CSCO

Cisco

$54.13

-1.56 (-2.80%)

JNPR

Juniper

$25.33

-0.54 (-2.09%)

CIEN

Ciena

$34.97

-0.29 (-0.82%)

FFIV

F5 Networks

$137.43

-2.9 (-2.07%)

NOK

Nokia

$4.98

-0.14 (-2.73%)

MSFT

Microsoft

$124.85

-2.82 (-2.21%)

AAPL

Apple

$178.43

-4.18 (-2.29%)

DELL

Dell Technologies

$65.75

-3.26 (-4.72%)

LNVGY

Lenovo

$0.00

(0.00%)

GOOG

Alphabet

$1,129.61

-20.89 (-1.82%)

GOOGL

Alphabet Class A

$1,133.98

-19.13 (-1.66%)

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  • 27

    Oct

TTWO

Take-Two

$103.79

-0.49 (-0.47%)

, EA

Electronic Arts

$92.40

-1.72 (-1.83%)

12:36
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12:36
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12:36
Periodicals
Bill to ban video game loot boxes gains bipartisan Senate support, Polygon says »

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TTWO

Take-Two

$103.79

-0.49 (-0.47%)

EA

Electronic Arts

$92.40

-1.72 (-1.83%)

ATVI

Activision Blizzard

$42.30

-0.61 (-1.42%)

TCEHY

Tencent

$0.00

(0.00%)

UBSFY

Ubisoft

$0.00

(0.00%)

NTDOY

Nintendo

$0.00

(0.00%)

MSFT

Microsoft

$124.84

-2.83 (-2.22%)

SNE

Sony

$48.42

-2.07 (-4.10%)

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  • 13

    Nov

TSLA

Tesla

$194.73

3.34 (1.75%)

12:34
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  • 11

    Jun

TTOO

T2 Biosystems

$1.92

-0.64 (-25.00%)

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  • 07

    Jun

XLF

Financial Select Sector

$26.60

-0.4 (-1.48%)

12:30
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12:30
Options
Hedging activity in SPDR Healthcare Fund »

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MUX

McEwen Mining

$1.30

0.045 (3.60%)

12:25
05/23/19
05/23
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12:25
Conference/Events
McEwen Mining to hold a company meeting »

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  • 23

    May

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SSNLF

Samsung

$0.00

(0.00%)

, AAPL

Apple

$178.95

-3.66 (-2.00%)

12:24
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12:24
Periodicals
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SSNLF

Samsung

$0.00

(0.00%)

AAPL

Apple

$178.95

-3.66 (-2.00%)

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  • 03

    Jun

VIPS

Vipshop

$7.44

-0.31 (-4.00%)

12:20
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  • 23

    May

MCD

McDonald's

$198.36

-1.82 (-0.91%)

, QSR

Restaurant Brands

$69.14

0.43 (0.63%)

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Periodicals
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MCD

McDonald's

$198.36

-1.82 (-0.91%)

QSR

Restaurant Brands

$69.14

0.43 (0.63%)

BYND

Beyond Meat

$81.73

4.23 (5.46%)

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HAL

Halliburton

$23.23

-1.29 (-5.26%)

12:20
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Options
Hefty option play in Halliburton as shares shed nearly 6% »

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  • 29

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    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
05/23/19
05/23
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12:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
05/23/19
05/23
12:16
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12:16
Technical Analysis
NYSE market internals summary »

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