Southwest Airlines (LUV) has announced a partnership with Archer Aviation to launch an electric air taxi network in California. It has also been dubbed the \"official airline\" of the Southeastern Conference. Despite these positive news, LUV's revenue outlook for Q2 has been cut due to rising costs. The company is also grappling with the effects of Boeing airplane delays which could persist until 2025. With Elliot Management threatening a proxy fight for new leadership, Barclays has raised LUV's price target to $27.00. However, the company's stock gapped down to $27.63. It suffered a 15% fall earlier and missed Q1 earnings, leading to tumbling shares. Additionally, economic challenges are affecting earnings growth, with continued issues from Boeing and a falling stock despite market gains. Yet, the company has appointed industry veteran Rakesh Gangwal to the Board and plans to cut 2024 capacity due to Boeing challenges.
Southwest Airlines LUV News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Fri, 12 Jul 2024 20:11:44 GMT -
Rating -5
- Innovation 0
- Information 7
- Rumor -2
