What's Going On With Southwest Airlines Stock?
Portfolio Pulse from Henry Khederian
Southwest Airlines Co (NYSE:LUV) shares are trading lower by 2.37% to $33.35. The drop is in sympathy with JetBlue, which fell after issuing weak guidance. JetBlue's Q2 FY23 results showed a 6.7% YoY growth in operating revenue, reaching $2.61 billion, and a decline in operating expenses by 7.2% YoY. LUV has a 52-week high of $40.39 and a 52-week low of $28.40.
August 04, 2023 | 10:13 am
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Southwest Airlines' stock is trading lower due to weak guidance issued by JetBlue, despite JetBlue's positive Q2 FY23 results.
Southwest Airlines' stock is trading lower due to the weak guidance issued by JetBlue. This is despite JetBlue's Q2 FY23 results showing a 6.7% YoY growth in operating revenue and a decline in operating expenses by 7.2% YoY. The market's reaction to JetBlue's guidance is negatively affecting Southwest Airlines' stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100