- Maggio 8, 2024
- Posted by: Oliver
- Categoria: Economics, Finance & accounting
Southwest is also planning to stop flying to four airports and shrink its operations in big cities like Chicago and Atlanta. On top of that, the airline is putting a freeze on most hiring and plans to end the year with about 2,000 fewer workers than last year. This comes at an unfortunate time, as the company has likely been seeing growing demand for flights based on its website traffic trends pictured below:
Is LUV a Good Buy Now?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on LUV stock based on five Buys, nine Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. After an 8.7% decline in its share price over the past year, the average LUV price target of $32.50 per share implies 24.28% upside potential.