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LUV

Southwest

$52.92

0.11 (0.21%)

08:25
04/25/19
04/25
08:25
04/25/19
08:25

Southwest expects Q2 RASM to increase 5.5%-7.5%

The company said, "Presently, leisure passenger booking and yield trends have improved since first quarter, and close-in bookings and corporate travel remain strong. Based on current bookings and revenue trends, the Company expects second quarter 2019 RASM to increase in the 5.5 to 7.5 percent range, compared with second quarter 2018. The Company's outlook for second quarter 2019 includes an estimated one-point year-over-year benefit from its revenue management enhancements implemented in 2018, as well as an estimated three-point year-over-year tailwind-approximately one point is related to the Company's second quarter 2018 suboptimal schedule from the 2017 accelerated retirement of its 737-300 fleet, and approximately two points are due to the revenue effects from the Flight 1380 accident in April 2018. Further, second quarter 2019 year-over-year RASM is expected to benefit by approximately one-half point due to the timing shift of Easter to second quarter 2019, and by approximately one point due to lower second quarter 2019 capacity as a result of the MAX groundings."

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    Nov

LUV Southwest
$52.92

0.11 (0.21%)

03/28/19
FBCO
03/28/19
NO CHANGE
Target $50
FBCO
Neutral
Southwest price target lowered to $50 from $56 at Credit Suisse
Credit Suisse analyst Jose Caiado De Sousa lowered his price target for Southwest to $50 from $56 following the company's Q1 guidance cut, which was widely expected by investors. Given the negative near-term fundamental outlook for this otherwise "high quality" airline stock, the analyst reiterates a Neutral rating as he awaits cost execution in the second half of the year, as well as greater detail regarding Southwest's unspecified revenue initiatives for 2020.
04/02/19
SPHN
04/02/19
NO CHANGE
Target $63
SPHN
Overweight
Airlines needed some good news, and Delta delivered, says Stephens
With investor sentiment on the airline space negative, the group was in need of some good news and Delta Air Lines delivered a positive surprise this morning, Stephens analyst Jack Atkins tells investors in a research note. The airline pointed Q1 RASM growth to the upper-end of its initial guidance range, lowered its Q1 CASM excluding fuel expectation and raised its Q1 earnings guidance range, says the analyst. Atkins finds it encouraging that Delta noted underlying passenger demand remains solid and that the business market led the way during the quarter. Further, the company announced an extension of its credit card partnership with American Express (AXP), which is expected to double the revenue contribution to $7B by 2023 versus 2018 levels, he notes. Atkins reiterates an Overweight rating on Delta with a $63 price target. The stock in midday trading is up 7% to $55.64. Other names in the airline space include Alaska Air (ALK), American Airlines (AAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Continental (UAL).
04/08/19
RAJA
04/08/19
DOWNGRADE
RAJA
Market Perform
Southwest downgraded to Market Perform from Outperform at Raymond James
04/08/19
04/08/19
DOWNGRADE

Market Perform
Southwest downgraded to Market Perform at Raymond James on 737 MAX grounding
As previously reported, Raymond James analyst Savanthi Syth downgraded Southwest Airlines (LUV) to Market Perform from Outperform and pulled her $60 price target citing expectations of near term earnings risk due to the grounding of Boeing's (BA) 737 MAX fleet. The analyst expects that risk to be extended into the summer months while also noting additional pressure on the airline in 2019 coming from the mechanics' union dispute. Longer term, Syth maintains a positive outlook on the company given its "ability to maintain its superior margins, free cash flow profile, and low leverage while capitalizing on technology catch-up and international growth opportunities."

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NGM

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PK

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ICPT

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KRYS

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GNFT

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CHWY

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ARQL

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CLXT

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EHC

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CHS

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TBNK

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ARQL

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COST

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