Southwest Airlines Co. (LUV)
After hours:
| Previous close | 31.04 |
| Open | 31.34 |
| Bid | 30.67 x 1100 |
| Ask | 30.67 x 1000 |
| Day's range | 30.49 - 31.59 |
| 52-week range | 21.91 - 35.18 |
| Volume | |
| Avg. volume | 10,344,446 |
| Market cap | 18.376B |
| Beta (5Y monthly) | 1.16 |
| PE ratio (TTM) | 235.92 |
| EPS (TTM) | 0.13 |
| Earnings date | 24 Oct 2024 |
| Forward dividend & yield | 0.72 (2.35%) |
| Ex-dividend date | 04 Sept 2024 |
| 1y target est | 27.49 |
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- Yahoo Finance Video
Expect some travel industry shifts this fall: Priceline CEO
Job growth picked up in September, easing investor concerns about a weakening labor market. Priceline (BKNG) CEO Brett Keller joins Catalysts to discuss what the print signals about the strength of the consumer and how that weighs on the broader travel industry. Wage growth ticked up 4% year-over-year in September, and Keller explains, "More money means more travel." He notes that the travel industry held up well through the summer, and with the holiday travel season right around the corner, the industry data is showing traffic patterns in line with 2023. Meanwhile, the hotel industry has grown slightly stronger, and he notes that it has normalized since the post-COVID revenge travel cycle. While prices normalize, Keller warns of some potential shifts ahead during the fall travel season. He highlights that many airlines, like Spirit (SAVE) and United (UAL), are pulling inventory out of the market. "So as capacity comes out, we could see prices increasing in the airline industry," he explains. However, more hotel capacity is expected to come into the market, which will keep prices "relatively stable." "I think the dynamics are going to shift, but the airline industry clearly could see some bigger changes coming in the next month or two," he concludes. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
ZacksAirline Stock Roundup: DAL, ALK's Expansion Updates, RYAAY's Traffic
In response to the upbeat air-travel demand scenario, DAL aims to expand its network. RYAAY reports upbeat September traffic.
