Southwest Airlines Stock Plummets 14.8% in Tuesday's Trading
Originally Published 1 year ago — by Yahoo Finance
Southwest Airlines' stock fell 14.8% due to increased fuel price guidance and capacity reduction plans for 2024, stemming from Boeing's production delays. The airline expects a net loss in the first quarter and anticipates higher expenses, including fuel costs and interest expenses. Despite these challenges, Southwest remains focused on long-term financial targets and reports stable demand and operational performance for the first quarter. Additionally, GATX Corporation and SkyWest, Inc. are highlighted as better-ranked stocks in the transportation sector.