Why Southwest Airlines (LUV) Shares Are Trading Lower
Portfolio Pulse from Henry Khederian
Southwest Airlines Co (NYSE:LUV) shares fell by 4.5% to $28.51, reacting to Delta's Q4 results and 2024 guidance. Despite Delta's revenue growth and EPS beat, the airline sector saw a downturn, affecting LUV's stock price. Delta reported a 5.9% YoY increase in operating revenue and an 11.1% rise in adjusted operating revenue, with a notable decline in cargo revenue.
January 12, 2024 | 7:04 pm
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NEGATIVE IMPACT
Southwest Airlines' stock price dropped due to negative sentiment in the airline sector following Delta's earnings report and future outlook, despite Delta's positive performance indicators.
Southwest Airlines' stock price is impacted by the overall sentiment in the airline industry. Delta's report, despite being positive, led to a sector-wide sell-off, indicating a bearish outlook for airlines, including LUV, in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80